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August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc.

Black Ridge Oil & Gas, Inc. · Aug 13, 2015 · 14 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 1
    Focused Growth in the Williston Basin August Update OTCQB: ANFC August 13, 2015
  2. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 2
    Black Ridge Overview Public company. OTCQB, Ticker: ANFC Black Ridge Operational Focus: Bakken / Three Forks Fairway Bakken / Three Forks Shale Non- Operator Exploration and Production Company Teton project completed and flowing…
  3. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 3
    Why The Non-Operator Business Model Ability to selectively invest in the highest return projects, without the need to control a drilling unit Knowledge and data from approximately 350 gross wells to make capital allocation…
  4. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 4
    Black Ridge Oil & Gas Strategy Deal Flow with Near-Term Development Merced Capital Black Ridge JV Focus Reporting, Controls, Regulatory Compliance Disciplined Investment Liquidity, Decisions and Asset Balance Sheet…
  5. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 5
    Focus Shifting to Production and Cash Flow 14.00 2.69 net wells brought into production in 2015, dominated by Teton project (1.76 net) Black Ridge Oil & Gas Net Wells (as of 7/31/15) 12.00 66% growth in producing net wells year…
  6. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 6
    Production Ramping Up in High Return Areas Net Production BOE/d 1,400 1H 2015 average production: 1,058 boe/d 1,200 Production gains in 2H 2015 from Teton project startup 1,000 800 600 400 200 0 2011 2012 2013…
  7. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 7
    Capital Structure 40 Outstanding Debt, MM (as of 06/30/15) 35 30 25 Cadence Revolving Facility Chambers Term Loan Senior Secured Subordinated 34mm borrowing base(1) 31.9mm drawn including PIK 20 4.25mm available LIBOR + 900 bps,…
  8. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 8
    Hedging Summary 800 Barrels Hedged (Bo/d), WTI (/Bbl, Swap Price is Weighted Average)(1) 700 75.00 - 95.60 600 80.00 - 500 89.50 400 300 75.00 - 95.60 200 89.84 72.40 75.84 79.47 76.95 60.67 100 0 Q3 2015 Q4…
  9. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 9
    Teton McKenzie County, ND Operator: ConocoPhillips Twenty three gross (1.76 net) wells drilled North Dakota and completed Montana Field cost estimates indicating significant savings from the initial AFE average of 9.1 million…
  10. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 10
    Teton Initial Production Results Initial flowback results are very strong, with wells averaging approximately 2,000 boe/d (81% oil) over a nine day average flowback period Flowback Information Working Well Name Current Status Oil…
  11. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 11
    Merced Black Ridge Partnership Merced Black Ridge, LLC Transaction Structure Merced provides equity capital, with initial target of 50 Million, subject to Merced approval New Acquisition Capital used to acquire / develop non-…
  12. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 12
    For More Information www.blackridgeoil.com Ken DeCubellis Chief Executive Officer ken.decubellisblackridgeoil.com 952-426-1241 Stay Up to Date on Black Ridge Oil & Gas www.blackridgeoil.com 13
  13. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 13
    Appendix www.blackridgeoil.com 14
  14. August 2015 Investor Presentation – Black Ridge Oil & Gas, Inc. – slide 14
    Hedging Summary Swaps Settlement Period Contract Date Oil (BBLS) Fixed Price 7/1/2015 - 12/31/2015 8/9/2013 12,000 88.28 7/1/2015 - 12/31/2015 4/8/2014 10,500 89.70 7/1/2015 - 12/31/2015 5/21/2014 6,000 92.38 7/1/2015 -…

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