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Mart Resources provides August and September 2012 operational update


Published Oct 12, 2012
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Mart Resources commences well test at Umusadege field

Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are pleased to provide an update on Umusadege field production and drilling operations for the months of August and September 2012.

August and September 2012 Production Update

Umusadege field production during August 2012 averaged 12,131 bopd and averaged 11,303 bopd during September 2012. Umusadege field downtime during August 2012 was less than one day and during September 2012 was less than three days. The average field production based on producing days was 12,535 bopd in August and 12,559 bopd during September 2012. The average daily production in August and September 2012 was slightly lower than in July 2012 due to decreased export pipeline capacity allocated to the Umusadege field.

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