www.martresources.com www.martresources.com MART RESOURCES: Results for three months ended March 31, 2013 Mr. Wade Cherwayko (Chairman & CEO) and Mr. Dmitri Tsvetkov (CFO) Investor Conference Call, May 24, 2013 1
www.martresources.com Q1 2013 Financial Results Summary USD million Q1 13 Q1 12 Change Petroleum sales (1) 19.8 61.9 -68.0% Funds flow from production operations (2) 13.1 55.0 -76.2% Net income 1.9 37.9 -95.0% Basic earnings per…
www.martresources.com Q1 2013 Financial Review Q113 petroleum sales after royalties, content development levy and community development costs were 19.8 million (Q112: 61.9 million). There was a prolonged shutdown that started on…
www.martresources.com Q113 Production Operations Q1 13 Q1 12 Marts share of oil produced and sold net of 231,384 631,202 pipeline and facility losses (bbls) Marts share of average daily oil produced 2,571 6,939 and sold based…
www.martresources.com Q1 2013 Production Operations Review Marts share of Umusadege field oil produced and sold net of pipeline and export facility losses for Q113 was 231,384 barrels of oil (bbls) compared to 631,202 bbls in Q112.…
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 Outlook Production from the Umusadege field that was shut down on February 24, 2013 resumed on April 17, 2013 following notice given by Nigerian Agip Oil Company, the pipeline operator, that maintenance and…
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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