ISRAMCO, INC. Reports Second Quarter Results

HOUSTON, Aug. 9, 2013

Isramco, Inc. reported net income of $3,172,000 or $1.14 per share for the second quarter of 2013 compared to net income of $2,592,000 or $0.92 per share for the same period in 2012. This increase was primarily due to revenues from overriding royalty in Tamar Field off shore Israel and increase in revenues from well service activities. These increases were partially offset by decreased revenues from crude oil and NGLs sales and net gain on derivative contracts in 2012.

The Company reported net income of $2,663,000, or $0.96 per share, for the six months ended June 30, 2013, as compared to a net income of $4,134,000 or $1.48 per share, for the comparable six month period in 2012.   This decrease was primarily due to the fact that Isramco Inc. realized a net gain of $3,650,000 from a sale of its marketable securities of a related party and a net gain of $1,560,000 on derivative contracts in 2012 combined with lower crude oil and NGLs sales revenues in 2013 which, as noted above, were partially offset by revenues from the aforementioned overriding royalty interest in the Tamar Field and revenues from well service activities.

There are currently 2,717,691 outstanding shares of Common Stock.

Isramco's unaudited quarterly results are summarized below (in thousands except for shares outstanding and per share amounts):

	For the Three Months Ended June 30,		For the Six Months Ended June 30, ARIVA.DE Börsen-Geflüster Kurse Isramco -   0,00%
	2013	2012	2013	2012
STATEMENT OF OPERATIONS DATA
Revenues	17,038	12,828	28,490	24,292
Total operating expenses	10,574	10,563	21,247	20,101
Operating income	6,464	2,265	7,243	4,191
Net income	3,172	2,592	2,663	4,134
Earnings per share – basic and diluted	1.14	0.92	0.96	1.48
CASH FLOW DATA
Net cash provided by operating activities			7,353	9,377
Net cash used in investing activities			(8,039)	(2,703)
Net cash provided by (used in) financing activities			1,789	(7,323)
			June 30, 2013	December 31, 2012
BALANCE SHEET DATA
Current assets			23,659	17,386
Total assets			161,376	153,958
Total liabilities			139,898	135,143
Total shareholders' equity			21,478	18,815

FORWARD-LOOKING STATEMENTS

ALL STATEMENTS CONTAINED HEREIN, AS WELL AS ORAL STATEMENTS THAT MAY BE MADE BY THE COMPANY OR BY OFFICERS, DIRECTORS OR EMPLOYEES OF THE COMPANY ACTING ON THE COMPANY'S BEHALF, THAT ARE NOT STATEMENTS OF HISTORICAL FACT, CONSTITUTE "FORWARD-LOOKING STATEMENTS" AND ARE MADE PURSUANT TO THE SAFE-HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT COULD CAUSE THE ACTUAL RESULTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE HISTORICAL RESULTS OR FROM ANY FUTURE RESULTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH RISKS AND UNCERTAINTIES ARE OUTLINED IN THE COMPANY'S ANNUAL REPORT ON FORM 10-K FOR 2012, ITS QUARTERLY REPORTS ON FORM-10-Q, AND SUCH OTHER DOCUMENTS AS ARE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION FROM TIME TO TIME. THE COMPANY IS NOT OBLIGATED TO REVISE OR UPDATE ANY FORWARD-LOOKING STATEMENTS IN ORDER TO REFLECT EVENTS OR CIRCUMSTANCES THAT MAY ARISE AFTER THE DATE OF THIS RELEASE.

SOURCE Isramco, Inc.