21,811 bopd base production capacity I've rolled forward this post everytime Mart puts out their initial flow rates PR. The numbers below are all the initial stabilized flow rates from initial testing on Umu 1/3/5/6/7/8/9/10. One thing that has been consistent with Mart is how they have been consistent with providing the initial stabilized flow rates to the market. If you assume this is the base production capacity as Umusadege looks like prolific and Wade has communited that declines on wells like Umu 1 have been minimal (If I recall at the 2012 AGM he said Umu1 was still producing at 2500 bopd vs. 3250 in initial flow rate tests) then just add them up:
Umu1 3250
Umu5 2475
Umu6 3102
Umu7 3352
Umu8 2316
Umu9 4240
Umu10 3076*
21,811
*assumed comingled XVIIa & XVIIb will be first producers. This wasn't explicit per PR today
Assume an approximate 10% decline overall and this puts us at 20,000 bopd we should be able to produce at once pipeline connected.
Because cost recovery is going to come very fast to Mart at these higher production levels, my gut says 60% of gross production is the max we will get going forward (no more 82.5% quarters like Q1-2012). This puts Mart's portion at 10,000-12,000 (50-60%).
Add in Umu-11 and the two Horizontals and you can see how we get to 30,000 bopd gross production capacity by the end of year or a minimum of 15,000 (50%) net to Mart.
Here is my post from after Umu-9 results:
https://www.stockhouse.com/bullboards/messagedetailthread.aspx?p=0&m=30816643&r=0&s=MMT&t=LIST