JANUARY 2018 – OPERATIONS UPDATE

DRILLING No current drilling operation. Plans are ongoing to carry-out rig-less interventions on some of the well strings. PRODUCTION ACTIVITIES SunTrust Oil and its partner, sustained production operation during the month, December 2017, under review. Plans are ongoing to ramp up production as reserve production capacities (RPC) with NAOC and Shell increase. Various facility upgrade and debottlenecking activities currently ongoing. CRUDE EXPORT Injection through the Nigerian Agip Oil Company Limited (“NAOC”) and the Umugini Asset Company Limited (“UACL”) export pipeline was sustained during the month under review with minimal downtimes.   COMMUNITY AFFAIRS SunTrust and its partner, Midwestern, embarked...

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SEPTEMBER 2017 – OPERATIONS UPDATE

   DRILLING No current drilling operation. Plans are ongoing to carry-out rig-less interventions on some of the well strings.  PRODUCTION ACTIVITIES SunTrust Oil and its partners, sustained production operation during the month, September 2017, under review. Plans are ongoing to ramp up production as reserve production capacities (RPC) with NAOC and Shell increase.  CRUDE EXPORT Injection through the Nigerian Agip Oil Company Limited (“NAOC”) and the Umugini Asset Company Limited (“UACL”) export pipeline was sustained during the month under review with minimal...

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