Mart Resources, Inc.: June 2013 Production Update
- Umusadege field production averaged 10,700 barrels of oil per day ("bopd") during June 2013 based on calendar days; average field production based on production days was 12,500 bopd during June 2013. - Umusadege field net deliveries into the export pipeline were approximately 305,100 barrels of oil ("bbls") in June 2013 before pipeline losses.
CALGARY, ALBERTA--(Marketwired - July 15, 2013) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following update on Umusadege field production for June 2013.
June 2013 Production Update
Umusadege field production during June 2013 averaged 10,700 bopd. Umusadege field downtime during June 2013 was approximately 4 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 12,500 bopd in June 2013.
Total net crude oil deliveries into the export pipeline from the Umusadege field for June 2013 were approximately 305,100 bbls before pipeline losses. Pipeline and export facility losses for May 2013 and for June 2013 have not yet been reported by the pipeline operator.
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