(MENAFN- ProactiveInvestors)Mart Resources (CVE:MMT) told investors that the Umusadege an oilfield in Nigeria in which it has an economic interest produced an average of 18460 barrels per calendar day last month (July). That's an increase on the June figure which saw an average of 15750 barrels produced. Total production from the field in July was around 572200 barrels of oil against 472500 barrels in June. Mart estimates that the Total net crude deliveries into the NAOC export pipeline from the field for July less estimated pipeline losses will be around 52000 bbls. The Total calculated field downtime during July was less than one day. Meanwhile in drilling news the UMU-14 horizontal well has reached Total measured depth of 9280 feet with a horizontal section of 1000 feet to be completed in the VIII sand. Shares in Toronto were unchanged at C$0.16.
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