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MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc.

Raging River Exploration Inc. · May 6, 2015 · 30 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. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 1
    May 2015
  2. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 2
    RRX an Organic Growth Story 15,000 15.00 14,000 Consistent per share 14.00 13,000 growth only 17% of 13.00 12,000 production has come 12.00 RRX Stock Price/WTI Cdn/10 11,000 from acquisitions 11.00 RRX Production boe/d…
  3. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 3
    Raging River Profile TSX Listed RRX Basic Shares 197.2 million Dilutive Securities (strike at 5.38/share) 12.5 million Fully Diluted Shares 209.7 million Insider Ownership 12.9% Basic Insider Ownership 18.1% Fully Diluted Market…
  4. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 4
    Raging 2015 Guidance Production Average boepd (97% oil) 13,500 Exit boepd (97% oil) 15,000 Financial Operating cashflow (000) 186,000 Funds flow from operations (000) 178,000 2015 exit net debt (000) 118,000 Exit Net debt to funds…
  5. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 5
    Statistical and Efficient Play RRX All Wells All Areas 70 Average RRX Well (New Tier 6 old Tier 6.7) 66% Crown, 34% Freehold WTI FX WTI-MSW MSW Capex EUR PV 10 IRR Payout US/bbl Cdn/US /Cdn /Cdn Per Well mbbls M % Months 60 40.00…
  6. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 6
    20% Growth at Strip Pricing Raging River 5 Years of Predictable Growth 30,000 2.40 27,500 2.20 Average Production boepd (96% Oil) 25,000 2.00 22,500 1.80 20,000 1.60 Net Debt/CF 17,500 1.40 15,000 1.20 12,500 1.00…
  7. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 7
    RRX Economic Drilling Inventory RRX Risked Remaining Economic Drilling Inventory 16 well per section spacing 3,000 2,500 2,000 of Locations 1,500 1,000 500 - 50 60 70 80 US/bbl based on 0.80 F/X (US/CAD), WTI/Ed…
  8. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 8
    Technology Innovation Infill Drilling Plato Initial Infill Program 70 60 Initial Infill Results Encouraging Average well spacing 50 from 16 wells per section to 22 wells per section Oil Rate (bbl/d) 40 Limited Interference…
  9. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 9
    RRX Economic Drilling Inventory Upside with Infill Drilling RRX Risked Remaining Economic Drilling Inventory 16-24 wells per section spacing 4,000 3,500 3,000 of Locations 2,500 2,000 1,500 1,000 500 - 50 60 70 80…
  10. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 10
    Technology Innovation Re-Frac Opportunities 25.0 Four Re-fracs in 2014 Average 2.5-3.0 Tier 20.0 increase 20+ Opportunities Identified Average additions of Oil Rate (bbl/d) 15.0 15 mstb for 300 m 10.0 5.0 -…
  11. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 11
    Technology Innovation Waterflood Implementation - Analogy Original Gleneath Producers Waterflood Response 1000 900 Waterflood Initiated 800 Original Recovery Oil Rate bbls/d 700 Factor Doubled with waterflood 600 500…
  12. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 12
    Technology Innovation Waterflood Implementation - Analogy Gleneath Pool After 40 Years Still Immature Waterflood 100 2000 1800 OOIP= 140 mmstb Current RF = 15.7% 1600 Projected RF = 23.2% 1400 Oil Rate Bbls/d 1200 Oil…
  13. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 13
    Technology Innovation Waterflood Implementation Data Current 2015-05-01 91/15-04-031-22W3/0 vs 91/14-03-031-22W3/0 to: 2014-10-20 100 91/15-04 Oil 90 Tier 5 (5.3 - 40mbbl) Recent RRX Drilling at Tier 6 (6.7 - 50mbbl) 80 Gleneath…
  14. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 14
    Technology Innovation 2015 Waterflood Implementation Forecast 2015 Waterflood Capital Program 5 Year Production Forecast Capex 15-18 MM 900 800 700 Oil Rate bbls/d 600 2015 WF Economics 70 WTI 500 Waterflood EUR 4,234.2…
  15. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 15
    Technology Innovation Scalability 2016 & Beyond RRX Land 270 sections of land prospective for Viking light oil 195 have had successful horizontal well tests to date RRX Original Oil Place 2.4 billion barrels Current Recovery factor…
  16. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 16
    SW Saskatchewan Viking Light Oil 100% of Raging Rivers Assets 16 TSX: RRX
  17. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 17
    Raging River Lands Expanding Land Position PROVOST Anegada, Apache, Spur, Raging River KERROBERT Viking Light Oil Resource Play Raging River, Beaumont, Rock, Crescent Point 4000 Drilled and Licensed HZ wells 3800 HZ have been Rig…
  18. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 18
    Greater Dodsland Area Gleneath and Eagle Lake 15 Net Sections East 21 Net Sections 1 DODSLAND 20160331 DODSLAND 2 DODSLAND DODSLAND 20160331 Main 12 Net Sections 1 DODSLAND DODSLAND 20150331 1 1 1…
  19. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 19
    Area Well Performance 19
  20. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 20
    Lucky/Whiteside Area RRX Land Farm-in Land Viking HZ wells RRX Q4 2014 TSX:RRX 20 RRX Q1 2015
  21. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 21
    Kerrobert 1 DODSLAND DODSLAND 2 01610 01 RRX Land Farm-in Land Viking HZ wells RRX Q4 2014 RRX Q1 2015 21 TSX: RRX
  22. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 22
    Area Well Performance 22
  23. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 23
    Plato & Forgan Plato 1 1 EL ROSE ELRO SE EL ROSE EL ROSE 2 0170 33 1 20 170 331 1 2 1 2 1 1 EL ROSE ELRO SE Forgan PLATO PL ATO EL ROSE ELRO SE PLATO PL ATO 2 0160 33 1 20 160 331 2 01703 31 201 703 31 1…
  24. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 24
    Area Well Performance
  25. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 25
    Hoosier Farm in Expanding Land Position PROVOST Anegada, Apache, Spur, Raging River HOOSIER Anegada, Spur, Raging River RRX Land Farm-in Land Viking HZ wells RRX Expl. Stepouts Defined Viking Pool Boundaries Recent…
  26. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 26
    Area Well Performance Initial Results will be improved once exploration efforts complete Currently averaging 60% economic wells
  27. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 27
    Raging River Summary 15,000 15.00 RRX currently 14,000 14.00 controls 320 net 13,000 13.00 sections of oil 12,000 12.00 RRX Stock Price/WTI Cdn/10 prone Viking lands 11,000 11.00 RRX Production boe/d 2,600 identified 10,000…
  28. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 28
    Independent Engineering per well Booking Structure 70% Crown & 30% Freehold Royalties Based 70/bbl WTI pricing, 0.80 F/X (US/CAD), WTI/Ed Light Differential 7.50 Cdn/bbl On-stream Capital of 850,000 per well Well Proved + Proved +…
  29. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 29
    RRX December 31, 2014 Independent Reserves BTAX Oil Gas Total1 PV 10% FDC Net Category Mbbls Mmcf Mboe MMs MMs PUDs Proved Developed Producing 18,283 4,710 19,103 675 - - Proven Undeveloped 30,141 3,710 30,769 571 743 791 Total…
  30. MAY 2015 INVESTOR PRESENTATION – Raging River Exploration Inc. – slide 30
    Historic Operational Excellence Q1/15 Q4/14 Q3/14 Q2/14 Q1/14 Q4/13 Q3/13 Q2/13 Q1/13 Q4/12 Q3/12 Q2/12 Financial (thousands of dollars except share data) Funds Flow from Operations 33,480 57,704 57,850 56,283 49,813 35,582 32,174…

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