RESERVES DISCLOSURE All estimates of reserves and future net revenue are Marts reserves have been evaluated by RPS Energy derived from Mart Resources Inc.s NI 51-101F1 having an Canada Ltd. (RPS Energy), an independent reserves…
COMPANY OVERVIEW Mart is an independent international oil & gas company focused on production and development opportunities in the highly prolific Niger Delta region of Nigeria. Mart is publicly traded on the Toronto TSX Venture…
NIGERIA - OVERVIEW Nigeria is the largest oil & gas reserve base in Sub-Saharan Africa with an estimated 30+ Billion bbls of oil and 180 Tcf of Gas. Nigeria is the 4th largest oil supplier of the US (USEIA 2010). Nigeria just…
MARGINAL FIELD PROGRAMME Nigerias Marginal Field Programme Initiated in 2001: over 130 fields identified for the programme 24 marginal fields allocated to indigenous companies in 2003 Considerably improved fiscal terms from…
MART RESERVES GROWTH 6
MART UMUSADEGE RESERVES & NPVS Mart Gross Mart - Net Present Value Cash NPV Description Oil Flow After Tax per Reserves (10% Discounted) Share Umusadege Field (MMbbl) mm (CDN) 51-101 December 2010 Reserves Proved and…
MARTS HYDROCARBON SHARE Under the terms of the FPSA*, Mart funds 100% of all capital expenditure. Mart is entitled to 65% of distributable funds as Cost Oil until it has fully recovered the capital spend. Mart is entitled to…
2010 OVERVIEW TRANSFORMATIONAL YEAR (2010) - FINANCIAL IMPACT Total comprehensive income after taxes of 8.5 million compared to Loss of 26.3 million in 2009 Funds flow from production operations (after royalties) of 48.2…
Q111 OVERVIEW Q111 - STRONG QUARTER: Total comprehensive income after taxes of 9.8 million compared to 4.2 million in Q110 160,320 deficit oil repaid in Q111 Funds flow from production operations (after royalties) of 23.9…
FINANCIAL SUMMARY (CDN) 3 months ended 3 months ended 12 months ended Mart's share of the Umusadege Field Mar. 31, 2011 Mar. 31, 2010 Dec. 31, 2010 Barrels of oil produced 332, 890 277,052 732,101 Average sales price per barrel…
2010 FINANCIAL OVERVIEW Bank Debt Reduction 12
ESTIMATED NETBACK PER BARREL After Cost Oil Per Barrel Analysis Before Cost Recovery Recovery Sales Price 110.00 110.00 Royalties,ARO,NDDC 10.91 12.95 Transport 3.75 3.75 OPEX 2.63 3.09 G&A 2.31 2.48 Net Back 90.40…
MART OPERATIONAL PHILOSOPHY & CAPABILITY Focused on production / low risk development portfolio with appraisal/exploration upside Highly skilled management team with extensive knowledge and experience in Nigeria & Africa…
LOCATION MAP OF FIELD & TERMINALS 15
UMUSADEGE FIELD AREA & EXPORT PIPELINE Alternative Export Pipeline Routing. 16
UMUSADEGE SUMMARY Key Features: Discovered by UMU-1 well in 1974 Four producing wells (UMU-1, 5, 6 and 7) UMU-8 well currently drilling Over 3 Million barrels produced by May 2011 Crude export via pipeline system to…
UMUSADEGE SUMMARY Development: Use of vertical wells completed at multiple reservoir zones to optimize production of stacked reservoirs Use of dual-string tubing configuration for simultaneous production from any 2 sands of the…
UMUSADEGE - STRUCTURE DEPTH MAP AND WELL LOCATIONS Fault Line Umu- Proposed Wells 11 Drilled and Producing Wells Umu-9 Drilled Wells Umu- 10 Umu- 12 19
UMUSADEGE - WELL CROSS SECTION Umu-3 Future Horizontal Well Well Number of zones Total pay sand Tested zones Tested zones Tested zones Current average encountered thickness sand thickness cumulative production rate per flow…
PRODUCTION PROFILE Monthly Average And Umusadege Field Profile Based On Calendar Days 20000 18000 UMU 9 16000 14000 UMU 8 12000 Average BOPD 10000 UMU 7 8000 6000 Production UMU 6 Curtailment as a 4000 result of…
PRODUCTION PROFILE Monthly Average And Umusadege Field Profile Based On Producing Days 20000 18000 UMU 9 16000 14000 UMU 8 12000 Average BOPD UMU 7 10000 UMU 6 Production 8000 Curtailment as a result of Agips…
PRODUCTION PROFILE Production Profile: Average Daily Production Prior years and Present production 12,000 10,000 8,000 BOPD 6,000 4,000 2,000 0 2008 2009 2010 2011 May 2011 June 23
MART: WELL POSITIONED FOR POTENTIAL FUTURE GROWTH Strong cash flow from Umusadege field used as a foundation for: Funding development, appraisal & exploration drilling on Umusadege field Fund new proven undeveloped field…
MART: WELL POSITIONED FOR POTENTIAL FUTURE GROWTH UMU-7 well completed and placed on-production in early May, 2011 UMU-8 well commenced drilling on the 9th of June 2011, currently drilling ahead Additional development and…
SOCIAL RESPONSIBILITY Infrastructure projects Power projects Roads Schools Water projects Healthcare projects 26
STRATEGIC ADVANTAGES Partnerships with indigenous Fit-for-purpose operational practices companies is strategic for new early production systems reduces time to opportunities first oil Treat local communities as Significant…
CONTACT INFO Corporate Offices Contact Calgary Office E-mails 310, 1167 Kensington Cres. NW infomartresources.com Calgary, Alberta T2N 1X7 Tel: (403) 270-1841 Wade Cherwayko, Fax: (403) 521-0443 Chairman & CEO Wademartresources.com…
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