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Mart provides update on Umusadege field production for July 2013


Published Aug 14, 2013
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Mart Resources announces test results-Spotlight

Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for July 2013, the UMU-11 well, status of a second drilling rig, and Umugini pipeline construction.

July 2013 Production Update

Umusadege field production during July 2013 averaged 10,800 bopd. Umusadege field downtime during July 2013 was approximately 4.5 days due to sporadic shutdowns required for commissioning and testing of the new central processing facility and operations connected to preparation for drilling of the UMU-11 well. The average field production based on producing days was 13,200 bopd in July 2013, which is the highest average daily production rate for a calendar month based on production days realized from the Umusadege field.

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