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Mart Resources reveals August production stats

Only one day in the month saw output below 10,000 bopd, Mart revealed

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Production totalled 557,200 barrels for the month.

Mart Resources (TSE:MMT) told investors that production averaged 17,970 barrels of oil per day in August.

Production totalled 557,200 barrels for the month.

The company added that there was only one day of downtime (classed by the company as days with less than 10,000 barrels of per day), though the pipeline system was impacted by necessary maintenance and repair. Mart said the operator managed production by alternating between the field’s two pipeline systems.

The NAOC pipeline had five down days, whereas the Umugini pipeline was down for one day, Mart said.

Mart also told investors that the new UMU-14H, successfully drilled in July, has now yielded initial flows of oil with no water cut and detailed testing will follow.

Quick facts: Mart Resources Inc.

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TSX-V:MMT
Market: TSX-V
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