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COMPANY UPDATE – Raam Global Energy

Raam Global Energy · Apr 6, 2015 · 46 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. COMPANY UPDATE – Raam Global Energy – slide 1
    Company Update April 6, 2015 RAAM Global Energy Company
  2. COMPANY UPDATE – Raam Global Energy – slide 2
    Results of the Recent Capital Program Results of the Recent Capital Program Objectives / Results 1. Exploit opportunities in our historical core areas to increase production and cash flow Results: Increased net production from a low…
  3. COMPANY UPDATE – Raam Global Energy – slide 3
    Results of the Recent Capital Program Economics Economics at Recent Capital Program at Performance YE 2014 Strip Pricing 90/bbl and 4/MMbtu Flat Location Discovery Net Capital Costs Net EUR Gross Production Proved Prob + Poss 3P…
  4. COMPANY UPDATE – Raam Global Energy – slide 4
    California Stevens Play Stevens Structure Map Dulcich 28-1 Type Log Sun Grove 2-1 Rio Viejo Field 9.1 MMBO San Emidio Field 8 MMBO Oil Producer 7
  5. COMPANY UPDATE – Raam Global Energy – slide 5
    California Stevens Play (Predrill Analysis) Initial Well Locations 10 initial well locations 25 or more remaining potential development locations 100% working interest 77% net revenue interest 7.5 MM drill & complete cost…
  6. COMPANY UPDATE – Raam Global Energy – slide 6
    Successful Breton Sound Track Record Core Area Historical Success Breton Sound Field and East Cox Bay Field - Production Data and Historical Success Through December 31, 2014 Reservoir Cumulative Cumulative Cumulative Cumulative…
  7. COMPANY UPDATE – Raam Global Energy – slide 7
    Centurys Reprocessed Seismic Advantage Core Area Historical Success Breton Sound Survey Century Proprietary Seismic Reprocessing 1999-GDC: PSTM 2004-Alliant: Kirchoff Migration 2009-Fusion: Anisotropic Time Migration…
  8. COMPANY UPDATE – Raam Global Energy – slide 8
    C. Pegasus Prospect Potential 12
  9. COMPANY UPDATE – Raam Global Energy – slide 9
    Pegasus Regional Analogs Middle Miocene Basin Floor Trend Pegasus Prospect Potential Atchafalaya Bay Cum Prod 137 Bcf + 0.6 MMbo Individual Well Rates 11 - 63 MMcfpd + Hollywood 96 - 356 Bopd Humphreys Cum Prod Cum Prod 835 Bcf…
  10. COMPANY UPDATE – Raam Global Energy – slide 10
    CENO Drilling Opportunities Locator Map Pegasus Prospect Potential East Cox Bay Field new field discovery from the successful Palmetto A well Six additional drilling prospects (Palmetto B F and Clio) 14
  11. COMPANY UPDATE – Raam Global Energy – slide 11
    Pegasus Land Summary Pegasus Prospect Potential Location: Breton Sound Blocks 31 & 34 Plaquemines Parish, LA Pegasus Land Outline Current leasehold: 1,753 net acres Lease expirations: January 2018 Pegasus WI: 100% NRI: 78%…
  12. COMPANY UPDATE – Raam Global Energy – slide 12
    Pegasus Prospect Summary Pegasus Prospect Potential Field: Breton Sound 34 Primary Objective: Miocene Lower Cris I Secondary Objective: Tex W Well Depth MD / TVD: 18,100 MD / 18,100 TVD WI / NRI: 100% / 78% BPO and 75% APO D&E / DH…
  13. COMPANY UPDATE – Raam Global Energy – slide 13
    Pegasus Geologic Summary Pegasus Prospect Potential Pegasus is located to the north of Centurys Breton Sound 34 Field The objective is the Middle Miocene Lower Cris I deep water basin floor channel sands that produce at the…
  14. COMPANY UPDATE – Raam Global Energy – slide 14
    Pegasus Economics Pegasus Prospect Potential Net Well Net Pre-Drill Post-Drill NRI NRI Cost Net Oil Gas Net Oil Eq. NAV10(1) NAV10(1) Well WI BPO APO MM (MMbo) (Bcf) (MMBoe) ROR(1) MM MM Pegasus 100% 78% 75% 31.6 2.58 49.7…
  15. COMPANY UPDATE – Raam Global Energy – slide 15
    Pegasus Drilling Curve Pegasus Prospect Potential 19
  16. COMPANY UPDATE – Raam Global Energy – slide 16
    CENO Drilling Opportunities Locator Map Core Area Drilling Program 21
  17. COMPANY UPDATE – Raam Global Energy – slide 17
    Carina Prospect Summary Core Area Drilling Program Field: Main Pass 45 Field Lease: To be determined Carina Type Log Century SL 17860 2 Objective: Miocene Uvigerina 3b1 Well Depth MD / TVD: 12,500 MD / 12,500 TVD WI / NRI:…
  18. COMPANY UPDATE – Raam Global Energy – slide 18
    Carina Land Position Core Area Drilling Program Location: Main Pass Block 45 Plaquemines Parish, LA Current leasehold: 520 net acres Lease expiration: January 2020 Carina WI: 100% Carina Land Outline NRI: 78% BPO, 75%…
  19. COMPANY UPDATE – Raam Global Energy – slide 19
    Carina Economics Core Area Drilling Program Net Pre-Drill Post-Drill Well Net Risked Risked NRI NRI Cost Net Oil Gas Net Oil Eq. NAV10(1) NAV10(1) Well WI BPO APO MM (MMbo) (Bcf) (MMBoe) ROR(1) MM MM Carina 100% 78% 75% 15.6…
  20. COMPANY UPDATE – Raam Global Energy – slide 20
    Corvus South Prospect Summary Core Area Drilling Program Field: Breton Sound 53 Field Lease: BS 51 / SL 20834 MP 45 SL 18550 Objective: Miocene Uvig Century 1 Corvus Prospect Well Well Depth MD / TVD: 15,000 MD / 14,340 TVD…
  21. COMPANY UPDATE – Raam Global Energy – slide 21
    Corvus South Land Position Core Area Drilling Program Location: Main Pass Block 45 Plaquemines Parish, LA Current leasehold: 365 net acres Lease expiration: January 2020 Corvus South Land Outline Corvus South WI: 100%…
  22. COMPANY UPDATE – Raam Global Energy – slide 22
    Corvus South Economics Core Area Drilling Program Net Pre-Drill Post-Drill Well Net Risked Risked NRI NRI Cost Net Oil Gas Net Oil Eq. NAV10(1) NAV10(1) Well WI BPO APO MM (MMbo) (Bcf) (MMBoe) ROR(1) MM MM Corvus South 100% 78%…
  23. COMPANY UPDATE – Raam Global Energy – slide 23
    Crux Prospect Summary Core Area Drilling Program Field: BS 53 Lease: Sl 19050 Crux Type Log Objective: BH2 BH7 Century SL 19391 1 Well Depth MD / TVD: 15,000 MD / 15,000 TVD 85% / 65.66% BPO and WI / NRI: 63.11% APO D&E / DH P&A:…
  24. COMPANY UPDATE – Raam Global Energy – slide 24
    Crux Land Summary Core Area Drilling Program Location: Breton Sound Block 45 Plaquemines Parish, LA Current Leasehold: 325 net acres Crux Land Outline WI: 85% NRI: 65.66% BPO, 63.11% APO 15% working interest is owned by a…
  25. COMPANY UPDATE – Raam Global Energy – slide 25
    Crux Economics Core Area Drilling Program Net Pre-Drill Post-Drill Well Net Risked Risked NRI NRI Cost Net Oil Gas Net Oil Eq. NAV10(1) NAV10(1) Well WI BPO APO MM (MMbo) (Bcf) (MMBoe) ROR(1) MM MM Crux 85% 65.7% 63.1% 18.9…
  26. COMPANY UPDATE – Raam Global Energy – slide 26
    E. Centurys New Field Discovery East Cox Bay Uvig production similar to the Breton Sound 52 Field with comparable 3D seismic signatures 31
  27. COMPANY UPDATE – Raam Global Energy – slide 27
    East Cox Bay Field Discovery Palmetto A Centurys New Field Discovery East Cox Bay Axxis Justice Palmetto A Palmetto Area 32
  28. COMPANY UPDATE – Raam Global Energy – slide 28
    Palmetto A Centurys New Field Discovery East Cox Bay Century Exploration SL 21380 1 100% WI Drilling Completion Approved AFE (DHC) 10,484,930 4,160,000 Final morning report cost 7,750,000 3,359,285 Cost under/(over) 2,734,930…
  29. COMPANY UPDATE – Raam Global Energy – slide 29
    Palmetto A Discovery Log Centurys New Field Discovery East Cox Bay Century SL 21380 1 (Palmetto A Discovery) Palmetto A Discovery Test rates after completion were 422 Bopd, 795 Mcfpd and 0 Bwpd Production commenced February 3,…
  30. COMPANY UPDATE – Raam Global Energy – slide 30
    Palmetto Land Position Centurys New Field Discovery East Cox Bay Palmetto Land Outline Location: Plaquemines Parish, LA Current leasehold: 3,565 acres Earliest lease expiration: March 2017 Locations A, B, C, D & F WI: 100%…
  31. COMPANY UPDATE – Raam Global Energy – slide 31
    Palmetto Remaining Drilling Opportunities Centurys New Field Discovery East Cox Bay Location B Location C Location D Location E Location F Objective: Miocene Uvig 3 Miocene Uvig 3 Miocene Uvig 3 Miocene Uvig 3 Miocene Uvig 3 Well…
  32. COMPANY UPDATE – Raam Global Energy – slide 32
    Palmetto Production Analog Centurys New Field Discovery East Cox Bay Cox Operating, LLC Century Exploration N.O., LLC Cox Operating 365 Production History SL 195QQ 365 SL 21380 1 2.9 bcfg 422 Bopd 795 Mcfpd 1.2 mmbo 0 Bwpd…
  33. COMPANY UPDATE – Raam Global Energy – slide 33
    Palmetto Prospect Summary Centurys New Field Discovery East Cox Bay Cox Operating, LLC SL 195QQ 365 Palmetto is located between the prolific Quarantine Bay and Cox Bay oilfields in Plaquemines Parish, LA Century successfully…
  34. COMPANY UPDATE – Raam Global Energy – slide 34
    Palmetto B F Economics Centurys New Field Discovery East Cox Bay Net Pre-Drill Post-Drill Well Risked Risked NRI NRI Cost Net Oil Net Gas Net Oil Eq. NAV10(1) NAV10(1) Well WI BPO APO MM (MMbo) (Bcf) (MMBoe) ROR(1) MM MM Palmetto…
  35. COMPANY UPDATE – Raam Global Energy – slide 35
    Clio Prospect Summary Centurys New Field Discovery East Cox Bay Field: Empire Field, Plaquemines Parish, LA Lease: Clio 1 Objective: Uvig 11 sand Well Depth MD / TVD: 15,643 MD / 13,534 TVD WI / NRI: 100% / 77% BPO and 74% APO…
  36. COMPANY UPDATE – Raam Global Energy – slide 36
    Clio Land Position Centurys New Field Discovery East Cox Bay Location: Plaquemines Parish, LA Current leasehold: 680 net acres Extending the primary term of leases expiring in April 2015 for three additional years: next lease…
  37. COMPANY UPDATE – Raam Global Energy – slide 37
    Clio Production Analog Centurys New Field Discovery East Cox Bay Cox Operating, LLC Century Exploration N.O., LLC Cox Operating 365 Production History SL 195QQ 365 SL 21380 1 2.9 bcfg 422 Bopd 795 Mcfpd 1.2 mmbo 0 Bwpd Perf…
  38. COMPANY UPDATE – Raam Global Energy – slide 38
    Clio Economics Centurys New Field Discovery East Cox Bay Net Pre-Drill Post-Drill Well Net Risked Risked NRI NRI Cost Net Oil Gas Net Oil Eq. NAV10(1) NAV10(1) Well WI BPO APO MM (MMbo) (Bcf) (MMBoe) ROR(1) MM MM Clio 100% 77%…
  39. COMPANY UPDATE – Raam Global Energy – slide 39
    East Cox Bay Field Extension Western GECO 3D Survey Being Reprocessed Centurys New Field Discovery East Cox Bay Century licensed Western GECO 3D survey in 2004 Century proprietary seismic reprocessing in 2006 Century extends…
  40. COMPANY UPDATE – Raam Global Energy – slide 40
    Potential Reserve Value (MM) (based on current commodity prices) Potential Reserve Value and 2015 2018 Drilling Program Economics Most Best Value Component Likely Case Estimated Proved Reserve Value as of June 30, 2015 with hedges…
  41. COMPANY UPDATE – Raam Global Energy – slide 41
    Pegasus Economics Potential Reserve Value and 2015 - 2018 Drilling Program Economics Net Well Net Pre-Drill Post-Drill NRI NRI Cost Net Oil Gas Net Oil Eq. NAV10(1) NAV10(1) Well WI BPO APO MM (MMbo) (Bcf) (MMBoe) ROR(1) MM MM…
  42. COMPANY UPDATE – Raam Global Energy – slide 42
    2015 2018 Drilling Program - Risked Case Potential Reserve Value and 2015 - 2018 Drilling Program Economics Net Pre-Drill Post-Drill Well Net Oil Risked Risked NRI NRI Cost Net Oil Net Gas Eq. Risked NAV10 (1) NAV10 (1) Well Ps…
  43. COMPANY UPDATE – Raam Global Energy – slide 43
    2015 2018 Drilling Program - Success Case Potential Reserve Value and 2015 - 2018 Drilling Program Economics Net Pre-Drill Post-Drill Well Net Net Oil Success Success Success NRI NRI Cost Net Oil Gas Eq. Case NAV10 (1) NAV10 (1)…
  44. COMPANY UPDATE – Raam Global Energy – slide 44
    G. Summary of the Path Forward 50
  45. COMPANY UPDATE – Raam Global Energy – slide 45
    Summary of the Path Forward Summary of the Path Forward 1. Complete the current capital program with the drilling of the Pegasus well 2. Enhance liquidity with the sale of non-core assets 3. Expand the drilling prospect inventory…
  46. COMPANY UPDATE – Raam Global Energy – slide 46
    Company Update April 6, 2015 RAAM Global Energy Company

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