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Mart Resources Umusadege Production Update

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Mart Resources Umusadege Production Update

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 February 2015 and other operations.

Umusadege field production averaged 19,230 bopd during February 2015 based on calendar days; average field production based on production days was approximately 20,680 bopd during February 2015. Total production from the Umusadege field in February 2015 was approximately 538,330 barrels of oil (bbls). The combined net delivery of oil from the Umusadege field through the Umugini pipeline and the Nigerian Agip Oil Company Limited (NAOC) export pipeline totaled approximately 510,040 bbls in February 2015 before estimated combined pipeline and export facility losses, and…
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