www.martresources.com www.martresources.com MART RESOURCES: Results for the three and six months ended June 30, 2014 Mr. Wade Cherwayko (Chairman & CEO) and Mr. Dmitri Tsvetkov (CFO) Investor Conference Call, August 15, 2014 1
www.martresources.com Q214 Financial Results Summary USD million (unless otherwise stated) Q2 14 Q2 13 Change Petroleum sales (1) 45.4 43.2 +5.1% Funds ow from con=nuing produc=on opera=ons (2) 36.0 33.8 +6.5% Net income from…
www.martresources.com Q214 Financial Review Q214 petroleum sales after royalties, content development levy and community development costs were 45.4 million (Q213: 43.2 million). During Q214, the Umusadege field was shut down for a…
www.martresources.com 6 Months Ended June 30, 2014 Financial Review Six months ended June 30, 2014 petroleum sales after royalties, content development levy and community development costs were 102.9 million (six months ended June…
www.martresources.com Q214 Production Operations Q214 Q213 Marts share of oil produced and sold net of 474,343 461,329 pipeline and facility losses (bbls) Marts share of average daily oil produced 5,213 5,070 and sold…
www.martresources.com Q214 Production Operations Review Marts share of Umusadege field oil produced and sold net of pipeline and export facility losses for Q214 was 474,343 barrels of oil (bbls) (Q213: 461,329 bbls). The increased…
www.martresources.com 6 Months Ended June 30, 2014 Production Operations 2014 2013 Marts share of oil produced and sold net of 1,094,566 692,713 pipeline and facility losses (bbls) Marts share of average daily oil produced…
www.martresources.com 6 Months Ended June 30, 2014 Production Operations Review Marts share of Umusadege field oil produced and sold net of pipeline and export facility losses for the six months ended June 30, 2014 was 1,094,566…
www.martresources.com Q2 2014 Overview and Outlook Q2 2014 overview The water disposal well was drilled and completed during June 2014 and UMU-3 side track horizontal well drilling commenced in June 2014 and completed in July…
www.martresources.com Outlook Dividends On June 30, 2014, Mart announced the declaration of a quarterly cash dividend of CAD 0.015 per common share. On July 28, 2014, Mart paid the quarterly dividend. As per the Companys Share…
www.martresources.com Outlook Cash flows from operating activities The Company expects the Umugini pipeline to be commissioned before the end of August 2014, which is expected to facilitate an increase in production and revenues…
www.martresources.com Outlook July 2014 Production Update (continued) Pipeline and export facility losses reported by NAOC and allocated to Mart and its co-venturers for June 2014 were 55,087 bbls, or 27.0% of total crude oil…
www.martresources.com www.martresources.com THANK YOU CONTACT DETAILS : Mr. Wade Cherwayko (CEO & Chairman) wade.cherwaykomartresources.com Mr. Dmitri Tsvetkov (CFO) dmitri.tsvetkovmartresources.com UK Correspondence…
Loading...
