Focused Growth in the Williston Basin FSXinterlinked, Tucson, AZ Lightning Round OTCQB: ANFC October 30, 2014
Black Ridge Overview Black Ridge Operational Focus: Public company. OTCQB, Ticker: ANFC Bakken / Three Forks Shale Oil Bakken / Three Forks Shale Exploration and Production Company Approximately 10,000 net leasehold acres Production is…
Black Ridge Overview Black Ridge Operational Focus: Company is in the middle of rapid growth Bakken / Three Forks Shale Oil June 2014 quarter production growth of 153% year over year June 2014 quarter Adjusted EBITDA growth of 194%…
Company Growing Rapidly Black Ridge Oil & Gas Net Production BOE/d 800 715 700 600 525 500 400 358 304 308 300 283 222 242 192 200 118 86 88 100 14 29 www.blackridgeoil.com 5
Production Growth Driving Cash Flow Growth Black Ridge Oil & Gas Adjusted EBITDA(1) 4.0 3.6 3.5 3.0 2.5 2.4 MM 2.0 2.0 1.7 1.5 1.2 1.0 1.0 0.5 0.0 (1) Adjusted EBITDA is a non-GAAP financial measure. Please…
Strong Development Pipeline to Feed Future Growth September producing wells increased 12 to 7.4 with start up of five Mandaree wells (12.5% working interest / well, Black Ridge Oil & Gas Net Wells (as of 9/30/14) 10 0.625 net…
Oil Prices Oil Price Risk Management As of June 2014, 80% of our Proved Developed Producing reserves were hedged through 2017 Full list of hedges are shown in appendix Wells in development Company development has been focused in…
Why Invest Company is executing 1H 14 Production growth of 136% over 1H 13 Strong cash flow generation: 6.0mm Adjusted EBITDA in 1H 14 Pure play Bakken / Three Forks non-operator Liquidity to fund existing development and…
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 10
Appendix www.blackridgeoil.com 11
Reconciliation of Net Income to Adjusted EBITDA Black Ridge Oil & Gas, Inc. Adjusted EBITDA by Quarter Three Months Ended March 31, June 30, September 30, December 31, March 31, June 30, 2013 2013 2013 2013 2014 2014 Net income…