www.martresources.com www.martresources.com MART RESOURCES: Results for the three months ended March 31, 2014 Mr. Wade Cherwayko (Chairman & CEO) and Mr. Dmitri Tsvetkov (CFO) Investor Conference Call, May 16, 2014 1
www.martresources.com Q114 Financial Results Summary USD million (unless otherwise stated) Q1 14 Q1 13 Change Petroleum sales (1) 57.6 19.8 +190.9% Funds flow from continuing production operations (2) 48.4 14.2 +240.8% Net income…
www.martresources.com Q114 Financial Review Q114 petroleum sales after royalties, content development levy and community development costs were 57.6 million (Q113: 19.8 million). During Q114, the Umusadege field was shut down for a…
www.martresources.com Q114 Financial Review Marts subsidiary NRG Drilling Nigeria Limited (NRG) provides drilling services in Nigeria. NRGs drilling services have historically mainly been provided for Umusadege field development…
www.martresources.com Q114 Production Operations Q114 Q113 Marts share of oil produced and sold net of 620,224 231,384 pipeline and facility losses (bbls) Marts share of average daily oil produced 6,891 2,571 and sold based on…
www.martresources.com Q114 Production Operations Review Marts share of Umusadege field oil produced and sold net of pipeline and export facility losses for Q114 was 620,224 barrels of oil (bbls) (Q113: 231,384 bbls). The increased…
www.martresources.com Outlook Dividends On March 24, 2014, Mart announced the declaration of a quarterly cash dividend of CAD 0.05 per common share that was paid to shareholders on April 8, 2014 for an aggregate amount of 16.1…
www.martresources.com Outlook Cash flows from operating activities The Company expects construction of the Umugini pipeline to be completed in Q2 2014, which is expected to facilitate an increase in production and revenues from…
www.martresources.com Outlook Production Update Umusadege field production during April 2014 averaged 8,593 bopd. Aggregate Umusadege field downtime during April 2014 was approximately 9.5 days due to repairs and maintenance to…
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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