Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. and SunTrust Oil Company Limited are providing the following update on Umusadege field production for April 2013.
April 2013 Production Update
Umusadege field production during April 2013 averaged 4,148 bopd. Umusadege field downtime during April 2013 was 18.5 days due mainly to maintenance and repairs on the export pipeline performed by the pipeline operator. The average field production based on producing days was 10,864 bopd in April 2013.
Total crude oil deliveries into the export pipeline from the Umusadege field for April 2013 were approximately 150,500 bbls before pipeline losses, of which 124,500 bbls were from new production from the Umusadege field with the additional amount being deliveries from storage tanks injected into the export pipeline when pipeline operations resumed. There were no pipeline and export facility losses for March 2013, as the pipeline was shut down for all of March 2013. April pipeline and export facility losses have not yet been reported by the pipeline operator.
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