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 November 2013 and other operations.
November 2013 Production Update
Umusadege field production during November 2013 averaged 10,263 bopd. Umusadege field downtime during November 2013 was approximately 6.0 days due mainly to maintenance and repairs on the export pipeline performed by the pipeline operator, Nigerian Agip Oil Company Limited ("NAOC"). Testing operations for the UMU-11 well also contributed to some of the downtime in November. The average field production based on producing days was 12,801 bopd in November 2013.