Mr. Dmitri Tsvetkov (CFO) Africa Oil & Gas Summit 2014, London, (Jan 27 & 28th, 2014) www.martresources.com Africa Oil & Gas Summit, London, Jan 2014 1
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 Venture Exchange…
2012: Highlights Reserves reported at December 31, 2012 17.7 MMbbls proved and probable Dividend policy announced to pay quarterly dividends of 0.05 per common share. Total amount paid in 2012 - 54 million 2013 - 2014…
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 initiatives…
Nigerias Marginal Field Program Initiated in 2001 to fuel the growth of Independent Nigerian E&P companies (over 130 fields identified for the program) What is a 24 marginal fields allocated to indigenous companies in 2003 Marginal…
Umusadege Field History Development drilling to increase production to 12,000 bopd Marginal field award 2012-2013 1974 2003 2008 Umusadeges Significant Oil Reserves 2008-2011 First Commercial Oil Production Field…
Umusadege Field Development and Prospective Resources Existing Development Future Exploration UMU-3 UMU-4 UMU-1 UMU-5 Marts Work UMU-6,7,8 Program Outlook UMU-9,10 Exploration in West & East Horizontal Future…
Umusadege Exploration Prospectivity in Umusadege Exploration Drilling UMU-West Up to 33 stacked sands 4-way dip closure, potential for larger structure with fault seal West (3 way dip closure) UMU-East Hydrocarbon expected…
Completion Strategy Multizone testing 4+ zones per well completed www.martresources.com Africa Oil & Gas Summit, London, Jan 2014 10
Ongoing Development Deviated drilling from pads Horizontal development www.martresources.com Africa Oil & Gas Summit, London, Jan 2014 11
Umusadege Field Production Profile AGIP Export Pipeline Disruptions 16,000 Producing Days Calendar Days 14,000 UMU-9 UMU-10 Capacity constraint UMU-7 UMU-8 AGIP export pipeline 12,000 Future production 10,000 gains will…
Pipeline capacity Field Location & Export infrastructure 13,500 bbl/day capacity available now through Umusadege AGIP pipeline increasing Field to 18,000 bbl/day after Trans Forcados Export Pipeline modifications are made in and…
Umugini Pipeline Construction www.martresources.com Africa Oil & Gas Summit, London, Jan 2014 14
Field Production Facilities Brand new Central Production Facility with 35,000 bpd capacity Commissioned at the beginning of July 2013 Gas utilization for power generation www.martresources.com Africa Oil & Gas Summit,…
Umusadege Work Program 2013 - 2014 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Field Development Water Disposal Well UMU-8 Re-entry Development Wells (incl Horizontal Drilling) Umugini Pipeline Exploration Drilling East…
9 Months Ended Sep 30, 2013 Financial Results Summary USD million 9m 2013 9m 2012 Change Petroleum sales (1) 98.9 143.1 -30.9% Funds flow from production operations (2) 68.8 121.4 -43.3% Net income 27.3 61.8 -55.8% Basic…
9 Months Ended Sep 30, 2013 Production Operations USD million 9m 2013 9m 2012 Marts share of oil produced and sold net of pipeline and 1,087,523 1,655,526 facility losses (bbls) Marts share of average daily oil produced and…
2012 Summary of Oil and Gas Reserves (1) Gross reserves means Marts working interest share of total field reserves before deducting reserves attributable to government and third party royalties and taxes or the equivalent. (2) Net…
Net Present Value discounted at 10% Before tax After tax Umusadege Umusadege million USD million USD (1)(2) (1)(2) Proved Reserves Developed Producing 253 179 Developed Non-Producing 43 25 Undeveloped 270 137 TOTAL PROVED…
Umusadege Reserves Growth (Net, Mart Share) Reserves growth : 5 Ongoing field appraisal Mart Share of Umusadege Net Reserves (MMbbl) Exploration wells 5.4 17.7 Cumulative Production Possible Proved & Probably As…
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 (2013 & ongoing) Production & Export capacity expansion (2013-2014) with…
Calgary Office 310, 1167 Kensington Cres. NW Calgary, Alberta T2N 1X7 Tel: (403) 270-1841 Fax: (403) 521-0443 Mart Energy Services Plot 1717, Mike Adenuga Close Victoria Island, Lagos, Nigeria Tel: +234 (01) 271 1752 Fax: +234…
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