www.martresources.com www.martresources.com MART RESOURCES: Results for three and nine months ended September 30, 2013 Mr. Wade Cherwayko (Chairman & CEO) and Mr. Dmitri Tsvetkov (CFO) Investor Conference Call, November 22,…
www.martresources.com Q3 2013 Financial Results Summary USD million Q3 13 Q3 12 Change Petroleum sales (1) 35.8 53.4 -33.0% Funds flow from production operations (2) 24.0 45.0 -46.7% Net income 6.3 21.5 -70.7% Basic earnings per…
www.martresources.com Q3 2013 Financial Review Q3 2013 petroleum sales after royalties, content development levy and community development costs were 35.8 million (Q3 2012: 53.4 million). During Q3 2013 the pipeline operator…
www.martresources.com 9 Months Ended September 30, 2013 Financial Results Summary USD million 2013 2012 Change Petroleum sales (1) 98.9 143.1 -30.9% Funds flow from production operations (2) 68.8 121.4 -43.3% Net income 27.3 61.8…
www.martresources.com 9 months ended September 30, 2013 Financial Review Nine months ended September 30, 2013 petroleum sales after royalties, content development levy and community development costs were 98.9 million (nine months…
www.martresources.com Q3 2013 Production Operations Q3 13 Q3 12 Marts share of oil produced and sold net of 394,810 615,686 pipeline and facility losses (bbls) Marts share of average daily oil produced 4,291 6,692 and sold…
www.martresources.com Q3 2013 Production Operations Review Marts share of Umusadege field oil produced and sold net of pipeline and export facility losses for Q3 2013 was 394,810 barrels of oil (bbls) compared to 615,686 bbls in Q3…
www.martresources.com 9 Months Ended September 30, 2013 Production Operations 2013 2012 Marts share of oil produced and sold net of 1,087,523 1,655,526 pipeline and facility losses (bbls) Marts share of average daily oil…
www.martresources.com 9 Months ended September 30,2013 Production Operations Review Marts share of Umusadege field oil produced and sold net of pipeline and export facility losses for the nine months ended September 30, 2013 was…
www.martresources.com Outlook UMU-10 Well The operator of the Umusadege field plans to return to the UMU-10 well after drilling the UMU-11 well to carry out the remaining testing operations on sands XXb and XIX in the long string.…
www.martresources.com Outlook UMU-11 Well (continued) During the test of the XIIIb sand, the well flowed 43.0 degree API crude oil at a stabilized rate of 1,520 bopd on a 32/64 inch choke setting and flowing tubing head pressure…
www.martresources.com Outlook Umugini Pipeline Construction Update Construction of the Umugini pipeline has been completed from the location near the Umusadege field to a point approximately 18 kilometers into the 51-kilometer…
www.martresources.com Outlook Production Update Umusadege field production during October 2013 averaged 10,735 bopd. Umusadege field downtime during October 2013 was approximately 4.5 days due mainly to maintenance and repairs on…
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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