Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited provide an update on Umusadege field production and drilling operations.
Umusadege field production during the month of March averaged 12,176 bopd based on production days. Umusadege field downtime during March 2012 was less than one day. Total crude oil deliveries into the export storage tanks from the Umusadege field for the month of March, adjusted for estimated pipeline losses, were approximately 351,400 barrels.