www.martresources.com www.martresources.com MART RESOURCES: Results for the three and nine months ended September 30, 2014 Mr. Wade Cherwayko (Chairman & CEO) and Mr. Dmitri Tsvetkov (CFO & Director) Investor Conference Call,…
www.martresources.com Q314 Financial Results Summary USD million (unless otherwise stated) Q3 14 Q3 13 Change Petroleum sales (1) 41.4 35.8 +15.6% Funds ow from connuing producon operaons (2) 33.1 23.3 +42.1% Net income from…
www.martresources.com Q314 Financial Review Q314 petroleum sales after royalties, content development levy and community development costs were 41.4 million (Q313: 35.8 million). During Q314, the Umusadege field was shut down for a…
www.martresources.com 9 Months Ended September 30, 2014 Financial Review Nine months ended September 30, 2014 petroleum sales after royalties, content development levy and community development costs were 144.3 million (nine months…
www.martresources.com 9 Months ended September 30, 2014 Netback US 2014 2013 Sales 110.20 109.93 Royales and NDDC (16.03) (19.01) Net sales 94.17 90.92 Producon costs (17.50) (25.43) OperaFng netback per bbl 76.67 65.49…
www.martresources.com Q314 Production Operations Q314 Q313 Marts share of oil produced and sold net of 438,247 394,810 pipeline and facility losses (bbls) Marts share of average daily oil produced 4,764 4,291 and sold…
www.martresources.com Q314 Production Operations Review Marts share of Umusadege field oil produced and sold net of pipeline and export facility losses for Q314 was 438,247 barrels of oil (bbls) (Q313: 394,810 bbls). The increased…
www.martresources.com 9 Months Ended September 30, 2014 Production Operations 2014 2013 Marts share of oil produced and sold net of 1,532,813 1,087,523 pipeline and facility losses (bbls) Marts share of average daily oil…
www.martresources.com 9 Months Ended September 30, 2014 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, 2014 was…
www.martresources.com Q3 2014 Overview and Outlook Q3 2014 overview During Q3 2014, Mart and its co-venturers completed the testing of UMU-3 side track horizontal, drilled, completed and tested UMU-4 side track horizontal well…
www.martresources.com Q3 2014 Outlook Umusadege drilling and UMU-12 initial well flow test results The drilling and completion of the UMU-12 well has been completed. The well was drilled into the VIII sand, landing a 1200-foot…
www.martresources.com Outlook Participation in consortium to acquire OML 18 On October 21, 2014, Mart announced it is a member of a consortium that through a special purpose company owned directly or indirectly by consortium…
www.martresources.com Outlook Umugini pipeline capital expenditure The Company has funded its 15% share of the Umugini pipeline project costs in 2014. Marts share of the total Umugini pipeline construction budget was 11…
www.martresources.com Outlook October 2014 Production Update Umusadege field production during October 2014 averaged 9,698 bopd. Aggregate Umusadege field downtime during October 2014 was approximately 8 days due to a combination…
www.martresources.com www.martresources.com THANK YOU CONTACT DETAILS : Mr. Wade Cherwayko (CEO & Chairman) wade.cherwaykomartresources.com Mr. Dmitri Tsvetkov (CFO & Director) dmitri.tsvetkovmartresources.com UK…
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