ISRAMCO, INC. Reports Second Quarter Results

                 ISRAMCO, INC. Reports Second Quarter Results

PR Newswire

HOUSTON, Aug. 9, 2013

HOUSTON, Aug.9, 2013 /PRNewswire/ --ISRAMCO, INC. (Nasdaq: ISRL) reported
second quarter 2013 revenues were $17,038,000, compared to $12,828,000 in the
second quarter of 2012, an increase of approximately 32.8%. The increase was
primarily due to revenues from Isramco's overriding royalty interest in the
Tamar Field located offshore Israel, which resulted in net revenues of
$4,641,000, and to an increase in revenues from well service operations, which
totaled to $2,993,000 compared to $2,368,000 for the same period in 2012.
This increase was offset by a decline in oil and gas revenues from the
Company's US based operations which decreased by approximately 11% when
compared to the same period of 2012. The decrease in revenues from US based
operations was due to lower prices received for natural gas liquids ("NGLs")
and a decrease in volume produced for crude oil and natural gas.

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 For the Six
                                                              Months        Months
                                                              Ended June    Ended June 30,
                                                              30,
                                                              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    December
                                                                            30,     31,
                                                                            2013    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.

Contact: Edy Francis, Chief Financial Officer, 713-621-3882,
edyf@isramco-jay.com