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PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc.

Raging River Exploration Inc. · Sep 11, 2013 · 31 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. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 1
    September 2013
  2. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 2
    Raging River Profile TSX Listed (effective May 3, 2013) RRX Basic Shares 156.7 million Dilutive Securities (strike at 2.17/share) 24.0 million Fully Diluted Shares 180.8 million Insider Ownership 16% Basic Insider Ownership 27%…
  3. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 3
    Raging River 2013 Guidance 2013 Guidance Original Revised Average Production (95% oil) (boepd) 4,600 5,150 Exit Production (95% oil) 5,400 6,300 Cashflow (000) 82,500 112,000 Cashflow Per Share Basic 0.53 0.71 Year End 2013 Net Debt…
  4. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 4
    A Dependable Growth Story 6,000 5,500 5,000 RRX Historical Production 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 - 4 TSX: RRX
  5. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 5
    Corporate Strategy HARVEST CREATE Sale or VALUE Other CREATE De-risk VALUE Concept Improve Extension EXECUTE Rates & Improve Recoveries Costs Prove IRR CONCEPT Capture Lands TSX:RRX 5
  6. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 6
    De-risking the Land Base Net Tested Net Untested Net Net Drilled Area Sections Sections Sections Hz Wells Crown FH Greater Dodsland 106 43 63 114 81% 19% Greater Lucky Hills 43 25 17 91 74% 26% Plato 13 9 4 31 86% 14% Total RRX 161 77…
  7. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 7
    RRX Remaining Risked Drilling Locations 1600 Inventory quality & quantity continue to improve 1400 1,550 remaining risked drilling 290 TIER 3 locations Increased inventory by 700 1200 locations since Sept 2012 Increased T5+ wells…
  8. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 8
    RRX Drilling Inventory Growth RRX RISKED DRILLING INVENTORY YEAR OVER YEAR COMPARISON 1600 Unrisked Inventory of 2,350 1,550 wells 1400 TOTAL Average COS of 65% TIER 3+ Further delineation can increase WELLS 1200 COS increasing…
  9. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 9
    Multi Year Growth Plan With Existing Risked Inventory 16,000 Original 2013 Growth Model 290 14,000 New 2013 Growth Model 12,000 240 Exit Production bbls/d 10,000 200 170 165 8,000 140 137 6,000 115 4,000 71…
  10. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 10
    Meaningful Value Creation Ongoing 12.00 93.00 bbl/Ed light pricing Potential Valuation Various EV/DACF Multiples 11.00 ATAX Cashflow 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 - Q4 2013 Q4 2014 Q4 2015…
  11. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 11
    Cycle Time is Everything (93/bbl Edmonton Light) RRX Average Well RRX All Wells All Areas Cost 900 thousand 70 Average Royalty 9.5% Ed Light of 93/bbl 60 Spud to on-stream…
  12. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 12
    SW Saskatchewan Viking Light Oil 100% of Raging Rivers Assets 12 TSX: RRX
  13. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 13
    Saskatchewan Viking covers 5,000 sq. miles Approximately 20% has oil prospectivity Raging River Controls 15% of oil prone lands R1W4 R28 R27 R26 R25 R24 R23 R22 R21 R20 R19 R18 R17 R16 R15 R14 T34 KERROBERT Raging River,…
  14. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 14
    Viking Play Update Industry activity continues to increase 500 wells drilled in 2011 advanced technology 700 wells drilled in 2012 proved well spacing, improved costs and technology again Q1 2013 saw 275 wells placed on stream,…
  15. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 15
    Greater Dodsland Area R23 R22 R21 R20 R19 R18W3 106 Net Sections T32 T32 Gas Oil Contact 44 sections tested East 21 Net Sections 114 net wells T31 T31 drilled Main 12 Net Sections Risked remaining net Drills of 975…
  16. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 16
    Beadle Area Well Performance Beadle 60 73 net sections of lands of which 19 net are currently de-risked 11 successful wells on stream in July/Aug 50 How big could it be Current production of 775 bbls/d Using the risked inventory…
  17. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 17
    Dodsland Main & East Dodsland Main 70 Continued superior results in main 60 pool Lower flush decline than other areas Oil Rate (bbl/d) 50 40 12 net sections all of which have had 30 successful drills 20 115 risked (120…
  18. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 18
    Lucky/Whiteside Area R27 R26 R25 R24 R23W3 T31 T31 20 Net Sections Gas Oil Contact 15 sections tested 60 net wells drilled Risked remaining T30 T30 net Drills of 200 wells Unrisked drilling inventory of 260 net…
  19. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 19
    Lucky Hills/Whiteside Performance Lucky Hills 120 Lucky Hills has continued superior IP 100 performance Oil Rate (bbl/d) 80 Long term wells averaging Tier 6 60 Steeper initial decline due to higher GOR and variable perm - Hot…
  20. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 20
    Kerrobert R25 R24 R23 R22 T34 22 Net Sections 12 sections tested 28 net wells drilled Risked remaining T33 net drills of 230 wells Unrisked drilling Eastern edge successfully inventory of 330 tested with 2 new wells…
  21. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 21
    Kerrobert Well Performance Kerrobert 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 Days On Production 2011/12 - 15 Wells 2013 - 14 wells Tier 5 Tier 6 Tier 7 21
  22. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 22
    Plato Area R20 R19 R18 R17 T27 13 Net Sections T26 9+ sections tested 32 net wells drilled Risked remaining net Drills of 140 wells Unrisked drilling inventory of 170 net wells 15 well program ongoing T25…
  23. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 23
    Plato Area Well Performance Plato 70 Long term shallower decline profile Testament to superior OOIP of 14 million 60 barrels per section Potential beyond 16 wells per section 50 Oil Rate (bbl/d) 40 30 20 10 0 -…
  24. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 24
    Raging River Summary 6,000 RRX currently controls 160+ net 5,500 sections of oil prone 5,000 RRX Historical Production Viking lands 4,500 Quality of the drilling 4,000 inventory is increasing 3,500 1,550 identified 3,000…
  25. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 25
    Office For further information 710, 400-5th Avenue SW Please contact: Calgary, Alberta T2P 0L6 Mr. Neil Roszell, P.Eng. Main: (403) 387-2950 Email: nroszellrrexploration.com Fax: (403) 387-2951 Phone: (403) 767-1250 Website Mr. Jerry…
  26. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 26
    Appendix Information
  27. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 27
    Management Team and Board of Directors Management Team Neil Roszell, P. Eng. Bruce Robertson Jerry Sapieha, CA President, CEO & Director Executive Vice President VP Finance & CFO Bruce Beynon, P. Geol. David Burton, P. Eng. Jason…
  28. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 28
    Historic Operational Excellence Q2/13 Q1/13 Q4/12 Q3/12 Q2/12 Financial (thousands of dollars except share data) Corporate Cashflow 25,527 23,383 15,089 10,269 7,492 Basic Shares Outstanding End of Period 156,757 156,757 156,757…
  29. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 29
    Independent Engineering per well booking Structure Crown Royalties Based 90/bbl Edmonton light pricing, 900,000 per well Cost Proved + Proved + Well 90 Day Months Probable Probable Spacing IP to Reserves NPV10 ROR Tier per bbls/d…
  30. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 30
    Scalability For Growth Build out assumes 75% of actual average type curve achieved by RRX 2012-2013 90/bbl Edmonton Light Typical Dodsland 10 Section Build Out Drill 8 wells per month, 4,000 400,000 9 months per year, 72 wells per…
  31. PETERS & CO LIMITED 2013 ENERGY CONFERENCE – Raging River Exploration Inc. – slide 31
    OR Sustainability with 50% Free Cash Flow Build out assumes 75% of actual average type curve achieved by RRX 2012-2013 Typical Dodsland 10 Section Build Out 1,600 400,000 90/bbl Ed Light 1,400 350,000 Drill 54 wells to 1,200…

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