Mart Resources Inc MAUXF

It’s official. If you add today’s monster results from one sand to the LT initial production rates disclosed on the other PR’s for previous UMU wells we have 18,735 bopd of base gross production capacity, or more than enough for the JV’s allocation of the 21k in export capacity for the Umu-cluster. This obviously assumes no decline.

Now if AGIP could only get the export terminal sorted out, Mart could be pumping at least 65% of that (maybe higher with cost recovery as Umu-9 was expensive) or around 12k.  Here’s the details again:

Umu1    3250

Umu5    2475

Umu6    3102

Umu7    3352

Umu8    2316

Umu9    4240

             18,735