www.martresources.com www.martresources.com MART RESOURCES: 2012 Annual Results Mr. Wade Cherwayko (Chairman & CEO) and Mr. Dmitri Tsvetkov (CFO) Investor Conference Call, April 24, 2013 1
www.martresources.com 2012 Financial Results Summary USD million 2012 2011 Change Petroleum sales net of royalties 161.4 164.2 -1.7% Funds flow from production operations (1) 137.7 145.7 -5.5% Net income 58.0 72.2 -19.7% Basic…
www.martresources.com 2012 Financial Review 2012 petroleum sales after royalties 161.4 million (Q412: 17.8 million) (2011: 164.2 million (Q411 : 41.4 million)). The decrease in revenue is due to overall increase in production rates…
www.martresources.com 2012 Financial Review Tax benefit contributions of 10.6 million represent Marts costs relating to the tax incentives granted to Marts co- venturers. These costs are a result of grossed up accounting of an…
www.martresources.com 2012 Production Operations USD million 2012 2011 Barrels of oil produced and sold (bbls) 1,844,389 1,803,459 Average sales price per barrel (/bbl) 103.43 103.20 Marts % share of total field oil produced…
www.martresources.com 2012 Production Operations Review Marts share of Umusadege field oil produced and sold for the year ended December 31, 2012 was 1,844,389 barrels of oil (bbls) (Q412: 188,863 bbls) compared to 1,803,459 bbls…
www.martresources.com 2012 Summary of Oil and Gas Reserves Light and Medium Oil December 31, 2012 December 31, 2011 Reserves Category Gross(1) Net(2) GROSS(1) Net(2) (Mbbl) (Mbbl) (Mbbl) (Mbbl) PROVED Developed Producing 4,622…
www.martresources.com Net Present Value (Before Tax) discounted at 10% Umusadege (1)(2) million USD Proved Reserves Developed Producing 253 Developed Non-Producing 43 Undeveloped 270 Proved 565 Probable Reserves Probable 220…
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 2012 Reserves and Prospective Resources Marts total gross proved (1P) oil reserves in the Umusadege field increased 24% to approximately 13.9 million bbls compared to 11.2 million bbls at December 31, 2011.…
www.martresources.com Outlook 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. Using a…
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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