Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Limited and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for August 2015 and other operations.
August 2015 Aggregate Production Update
Umusadege field production during August 2015 averaged approximately 17,970 bopd resulting in total production of approximately 557,200 bbls for the month. Aggregate calculated Umusadege field downtime during August 2015 was just over one day (based upon days with production of more than 10,000 bopd being considered to have no downtime).
There were shutdowns of the NAOC export pipeline during August 2015 due to operational interruptions for general pipeline maintenance and repairs due to vandalism, but ongoing production from the Umusadege field was managed by the ability of the field operator to alternate production between the Trans Forcados and NAOC export pipelines. The average field production based on producing days was approximately 18,940 bopd in August 2015.