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Mart Resources adopts IDEAS Oil & Gas Solution for Nigerian operations

 

LIVINGSTON, NJ – March 31, 2005  IDEAS International, Inc, a leading supplier of financial and logistics systems to international oil & gas and automotive manufacturing operations, announced today that Calgary, Canada based Mart Resources, Inc (TSX-V:MMT), has licensed IDEAS international oil and gas venture management solution for it’s Nigerian operations.

 

Mart Resources, an international energy company focused on developing oil, gas and power projects in West Africa, recently announced the signing of a formal agreement with Network Exploration & Production Nigeria Limited that grants Mart the right to participate with Network in the development of the Qua Ibo Oil Field in Nigeria. The Qua Ibo Oil Field is located onshore in Nigeria’s Niger Delta region and was awarded to Network under the Nigerian Government’s marginal field allocation program.

 

David Halpin of Mart Resources said “The system we are setting up from IDEAS will enable our management and employees to access and update Mart’s financial and other management data from anywhere in the world in a timely and convenient manner, and will greatly assist us in moving to the next level as our operations become increasingly busy and complex.”  “We are delighted with the opportunity to work with Mart Resources in Nigeria, and look forward to assisting them as they expand worldwide”, said Lucie Atamian, Director of Global Sales at IDEAS International.

 

About IDEAS

IDEAS International, Inc., a US corporation, is a multinational software development company serving a worldwide client base from offices in the U.S. and overseas.  Founded in 1982, IDEAS International has two decades of experience providing software solutions and associated professional services to world-class leaders in industry and government.

 

Contacts

IDEAS International, Inc

Lucie Atamian, Director, Global Sales

973.993.8000 ext 239

luciea@ideasintl.com

 

Mart Resources, Inc.

David Halpin, CFO

403- 270-1841

david.halpin@martresources.com