www.martresources.com MART RESOURCES: FIRSTENERGY Global Energy Conference Mr. Wade Cherwayko (Chairman & CEO) London, September 16, 2014
MART Overview Mart is an independent international oil & gas company focused on production and development opportunities in the prolific Niger Delta region of Nigeria. Mart is publicly traded on the Toronto TSX Exchange (MMT) with…
2014 Highlights Reserves reported at December 31, 2013 16.9 MMbbls proved and probable Quarterly dividends of C0.05 and C0.015 per share were paid in April 2014 and July 2014 respectively Record Umusadege daily field production of…
Nigeria Overview Nigeria has the largest oil & gas reserve base in Sub- Saharan Africa with an estimated 30+ Billion bbls of oil and 180 Tcf of Gas Nigerian oil production averages 2 million bbls per day with government…
Nigerias Marginal Field Program Initiated in 2001 to fuel the growth of Independent Nigerian E&P companies (over 130 fields identified for the program) 24 marginal fields allocated to indigenous companies in 2003 What is a Marginal…
Umusadege Field History Development drilling to increase production to 12,000 bopd 2012-2014 1974 2003 2008 Umusadeges Significant Oil Reserves 2008-2011 First Commercial Oil Production Field Expansion of Central…
Umusadege Field Development and Prospective Resources Existing Development Future Exploration UMU-3 UMU-4STH, 12 UMU-1 Marts Work UMU-5 Program Outlook UMU-6,7,8 Exploration in West & UMU-9,10, 11 East…
Umusadege Exploration Prospectivity in Umusadege Exploration Drilling UMU-West Up to 33 stacked sands 4-way dip closure, potential for West larger structure with fault seal (3-way dip closure) UMU-East Hydrocarbon…
AGIP Export Umusadege Field Production Profile Pipeline Disruptions 16,000 Daily field production Producing Days record of 16,567 bbls UMU-10 Calendar Days UMU-9 on 16 February 2014 14,000 UMU-8 Capacity constraint UMU-7 AGIP…
Completion Strategy Multizone testing 4+ zones per well completed www.martresources.com FIRSTENERGY Global Energy Conference - September 2014 11
Ongoing Development Deviated drilling from pads Horizontal development www.martresources.com FIRSTENERGY Global Energy Conference - September 2014 12
Field Location & Export Infrastructure Umugini pipeline Umusadege 12 x 51.4km, gross capacity 45,000 Field Trans Forcados bbl/day out of which 75% is Export Pipeline allocated to Umusadege Umugini pipeline status Forcados…
Umugini Pipeline tie-in and start-up activities continue www.martresources.com FIRSTENERGY Global Energy Conference - September 2014 14
Field Production Facilities New Central Production Facility with 35,000 bpd capacity Commissioned at the beginning of July 2013 Gas utilization for power generation www.martresources.com FIRSTENERGY Global Energy Conference…
CPF Construction Complete www.martresources.com FIRSTENERGY Global Energy Conference - September 2014 16
Q3 Q4 2014 Umusadege Work Program Q3 2014 Q4 2014 Field Development Development Wells (incl, UMU-3STH, UMU-4STH and UMU-12 horizontal) Umugini Pipeline* ExploraOon Drilling East Prospect * Commissioning…
Netback per bbl US 1H 2014 2013 annual 2012 annual Sales 110.85 110.62 103.43 Royalties and NDDC (16.80) (17.43) (15.92) Net sales 94.05 93.19 87.51 Production costs (16.93) (26.07) (12.82) Operating net back per bbl 77.12…
2013 Summary of Oil and Gas Reserves Light and Medium Oil December 31, 2013 December 31, 2012 Reserves Category Gross(1) Net(2) Gross(1) Net(2) (Mbbl) (Mbbl) (Mbbl) (Mbbl) PROVED Developed Producing 4,272 4,028 4,622 4,341…
Net Present Value discounted at 10% Before tax After tax Umusadege million USD Umusadege million USD (1)(2) (1)(2) Proved Reserves Developed Producing 207 146 Developed NonProducing 136 79 Undeveloped 140 75…
Umusadege Reserves Growth (Net, Mart Share) 40 Cumulative Production Possible Reserves 35 Proved & Probable growth : 30 Ongoing field 6.5 appraisal Mart Share of Umusadege Net Reserves (MMbbl) 25 Exploration wells…
PIPELINE Marts Growth Story DISTRUPTIONS 2.50 PRODUCTION DIVIDEND POLICY RESUMED APRIL Umusadege field ANNOUNCED 17, 2013 2.00 development delivering shareholder UMU-6 WELL UMU-9 DISCOVERY FLOW TEST CONFIRMS EASTERN…
Supporting local content & partnerships Government initiatives Socially responsible investment to attract investment Community development Indigenous allocations programmes in the 1990s Ogbeani Health Centre Staff Marginal field…
Marts Near-Term Value Drivers Continued success in the Umusadege field exploration & development Reserves & Production growth by development drilling (2014 & ongoing) Production & Export capacity expansion with Umugini…
www.martresources.com CONTACT DETAILS : Calgary Oce 310, 1167 Kensington Cres. NW Mr. Wade Cherwayko (CEO & Chairman) E: wade.cherwaykomartresources.com Calgary, Alberta T2N 1X7 Mr. Dmitri Tsvetkov (CFO & Director) E:…
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