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.
April 2012 Production Update
The UMU-9 well commenced production during the first week of April 2012. Umusadege field production during the month of April averaged 12,206 bopd. Umusadege field downtime during April 2012 was less than one day. Total crude oil deliveries into the export storage tanks from the Umusadege field for the month of April, adjusted for estimated pipeline losses, were approximately 366,000 bbls.