www.martresources.com www.martresources.com MART RESOURCES: 2013 Annual Results Mr. Wade Cherwayko (Chairman & CEO) and Mr. Dmitri Tsvetkov (CFO) Investor Conference Call, April 11, 2014 1
www.martresources.com 2013 Financial Results Summary USD million 2013 2012 Change Petroleum sales (1) 136.0 161.4 -15.7% Funds flow from production operations (2) 98.0 137.7 -28.8% Net income 35.5 58.0 -38.8% Basic earnings per…
www.martresources.com 2013 Financial Review 2013 petroleum sales after royalties, content development levy and community development costs were 136.0 million (Q413: 37.2 million) (2012: 161.4 million (Q412 : 17.9 million)). During…
www.martresources.com 2013 Financial Review During 2013 Mart secured a 100 million term loan facility from a Nigerian bank. The facility is comprised of 75 million, 5-year term loan facility, repayable in quarterly installments…
www.martresources.com 2013 Production Operations 2013 2012 Marts share of oil produced and sold net of 1,459,823 1,844,389 pipeline and facility losses (bbls) Marts share of average daily oil produced 4,000 5,039 and sold based…
www.martresources.com 2013 Production Operations Review Marts share of Umusadege field oil produced and sold net of pipeline and export facility losses for 2013 was 1,459,823 barrels of oil (bbls) (Q413: 372,300 bbls) compared to…
www.martresources.com 2013 Summary of Oil and Gas Reserves Light and Medium Oil December 31, 2013 December 31, 2012 Reserves Category Gross(1) Net(2) GROSS(1) Net(2) (Mbbl) (Mbbl) (Mbbl) (Mbbl) PROVED Developed Producing 4,272…
www.martresources.com Net Present Value (Before Tax) discounted at 10% December 31, 2013 Umusadege (1)(2) million USD Proved Reserves Developed Producing 207 Developed Non-Producing 136 Undeveloped 140 Proved 484 Probable…
www.martresources.com Umusadege Field Development and Prospective Resources Prospective Resources (100% working interest) MMbbl Existing Development Best Low EST High P90 P50 P10 Umusadege Future Exploration farmout area…
www.martresources.com Outlook UMU-10 Well The UMU-10 well was completed in six zones, two of which were commingled. The completed sands consist of the XVIIa&b, XVIIIa, XIX, XXb, and XXI sands. After putting the flow testing…
www.martresources.com Outlook UMU-10 Well (continued) No pressure transient analysis has been carried out based on the production test results for the XVIIIa and XXI sands, however no decline in flowing wellhead pressure was…
www.martresources.com Outlook Umugini pipeline capital expenditure The Company will continue funding its 15% share of the Umugini pipeline project costs in 2014. Marts share of the total Umugini pipeline construction budget was 11…
www.martresources.com Outlook Production Update Umusadege field production during January 2014 averaged 11,563 bopd. Umusadege field downtime during January 2014 was approximately four days due to minor operational interruptions,…
www.martresources.com Outlook March 2014 Production Update Umusadege field production during March 2014 averaged 13,183 bopd. Aggregate Umusadege field downtime during March 2014 was approximately 1.5 days due to minor operational…
www.martresources.com Outlook Financing On February 27, 2014, the Company announced that it had, through its wholly owned Nigerian subsidiary, arranged to increase its existing secured term loan credit facility with Guaranty Trust…
www.martresources.com www.martresources.com CONTACT DETAILS : THANK YOU Mr. Wade Cherwayko (CEO & Chairman) wade.cherwaykomartresources.com Mr. Dmitri Tsvetkov (CFO) dmitri.tsvetkovmartresources.com UK Correspondence Office:…
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