Areas of Operation Peace River Arch AB 8,200 acres Doe Creek, Charlie Lake, Doig and Montney Pine Creek AB- 4,000 acres - Cardium Historical Area Gilby AB 26,900 acres Ellerslie, Glauconite, Viking Focus Willesden Green/Ferrier AB…
RRL Opportunity Ground floor opportunity on a growing, micro oil and gas publicly traded company. 13MM EV 0.15/share, less than 30,000/flowing boed with significant drilling upside Conventional shallow oil drilling. High working…
Corporate Information Base NAV Relentless Resources: Base Producing NPV Reserves Sproule Dec 2014 63.8MM shares basic, 71.1MM fully diluted Basic Shares 63.8MM PDP NPV 10% - 7.1MM Management and Directors own 38% basic TP NPV 10%…
Heathdale Overview 4 sections 100 % WI , farm-in on remaining 4.5 sections 25 Mannville oil locations , 26 API crude, 1000 mTVD Historical vertical oil production on lands Bypassed Glauconite pay over 4 sections 5-7 vertical…
Heathdale - Development Spacing 8 wells per section Drilled or Licensed 2015 Locations 25 horizontal wells 2016 Locations possible 3D seismic defined Glauconite channel and overbank deposit 2 horizontals and 1 vertical well…
Constant Price Economics Heathdale Economics Sproule Dec 2014 Escalated NPV 10% K WTI USD/bbl (1.2 FX and 12 diff) -Canadian Lt -12 diff Heathdale 60 day IP rates (BOED) 794.63 50.00 60.00 70.00 80.00 90.00 NPV 10% K 70.35 FYA 40 - 1…
Heathdale - Facilities Central multi-well battery constructed and operating in March 2015 Gathers 95% of the Relentless Heathdale oil and gas production Tank treating allows for clean oil trucking, better pricing and lowers…
Pine Creek 6.25 gross sections at 100% WI Cardium offsetting production from Torc and Long Run Bypassed Cardium pay on lands No reserve value attributed to this area Nearby gas processing facilities and good surface access…
Peace River Arch SADDLE HILLS UNIT Doe Creek Oil May 2014 Acquisition 120 boed 64% gas 12 gross (7.4 net wells), 3 (1.4 net) non VALHALLA producing wells Charlie Lake Oil Mostly operated, mature, low decline gassy oil wells GOLD…
Overall RRL is a small enterprise value public company with a tightly held shareholder group committed to creating shareholder value Focusing on high working interest shallow oil prospects will create value in an environment where…
Information Reserve Evaluator Sproule Auditor Meyers Norris Penny Legal Councel McCarthy Tetrault Bank Alberta Treasury Branch Registrar and Transfer Agent- Computershare Relentless Resources Ltd. Suite 320, 700 4th AVE SW Calgary AB…
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