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NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc.

Rmp Energy Inc. · Nov 19, 2013 · 29 slides

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Slides

  1. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 1
    NOVEMBER 2013 CORPORATE PRESENTATION
  2. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 2
    DISCLAIMER - CONTD The well economics provided in this presentation are based on the average historical estimates of reserves for wells drilled in the respective areas in which RMP has an interest and there is no certainty that future…
  3. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 3
    CORPORATE PROFILE Trading Symbol RMP.TO Common Shares Outstanding 117.8 million Options Outstanding 10.3 million Warrants Outstanding 2.1 million Directors & Officers ownership (fully diluted) 12% 4
  4. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 4
    COMPANY ATTRIBUTES Balance Sheet Strength - low leverage relative to peers Net debt of 92 million (September 30, 2013) Line of credit of 140 million - significant unutilized credit capacity Continued capital discipline to maintain…
  5. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 5
    2013 BUDGET UPDATE 2013 Budget E&D Capital Spending 100 million Total Capital (1) 181 million Production: Annual Avg. (boe/d) 6,800 Oil/NGL (%) 52 Cash Flow (Funds from Operations) 83 million Per basic share 0.76 Assumptions:…
  6. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 6
    STRONG PRODUCTION GROWTH SIGNIFICANTLY INCREASED LIGHT OIL WEIGHTING BOE/D 7,000 - 111% Production Increase (Q313 vs. Q211 RTO) 6,656 6,727 6,852 6,639 - 448% Light Oil/NGL Increase (Q313 vs. Q211 RTO) 6,000 5,026 4,967 4,719…
  7. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 7
    FIELD OPERATING NETBACK EXPANSION INCREASED INTERNAL CASH FLOW GENERATING CAPABILITY 40.00 37.97 Field Netbacks Opex 36.64 36.69 35.00 32.13 31.35 29.55 30.00 Field Netbacks 26.41 26.69 25.00 Operating Costs 20.19 20.00…
  8. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 8
    CORE AREAS Light oil exploration and development Waskahigan Ante Creek Big Muddy Natural gas potential Kaybob Pine Creek Ricinus 9
  9. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 9
    MONTNEY OIL FAIRWAY Significant land position in the Montney oil fairway 106 gross (105.15 net) sections in fairway; 99% W.I. over 320 locations at 4 wells/section Significant low risk development inventory 10
  10. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 10
    WASKAHIGAN MONTNEY OIL 67.25 sections 100% W.I. 11 wells drilled in 2012; 10 wells planned for 2013 (9 drilled YTD) Industry activity continues to de-risk the property and increase development program. Potential for up to…
  11. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 11
    WASKAHIGAN MONTNEY OIL Top tier light oil play in WCSB Large accumulation: initial resource study of oil estimate 264 MMstb OOIP with potential to significantly grow Three years of low risk infill drilling inventory (40+…
  12. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 12
    WASKAHIGAN MONTNEY OIL 100% RMP-owned Oil Battery Current capacity: 6,000 bbls/d oil 10 mmcf/d natural gas Facility ownership benefits: Very low operating cost 6 - 7/boe Quick tie-in of new wells Ability to capture…
  13. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 13
    WASKAHIGAN MONTNEY OIL /BOE Waskahigan Netback Breakdown 70.00 60.00 50.00 41.75 57.20 47.67 48.22 40.00 50.30 Netback 52.43 48.14 46.39 48.93 Roys 43.60 48.37 Trans 30.00 Opex 20.00 10.00 17.67 10.08 10.64 Opex…
  14. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 14
    WASKAHIGAN MONTNEY OIL Waskahigan Well Economics: (D,C &T/I) (Light Oil) (Oil equiv.) Well Cost Reserves Reserves F&D Netback ROR NPV 10% (1) 4.4 MM 160 mbbls 230 mboe 19/boe 64/boe 57% 4.3 MM Note 1: Assumed pricing of 95/bbl oil…
  15. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 15
    ANTE CREEK MONTNEY OIL Development 36.75 sections 97.2% W.I. 5 wells drilled in 2013 Well performance continues to be exceptional. Infrastructure build-out is the next step to significant production growth in the area.…
  16. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 16
    ANTE CREEK MONTNEY HORIZONTAL OIL WELL PRODUCTION Ante Creek Well Economics: (D,C &T/I) (Light Oil) (Oil equiv.) Well Cost Reserves Reserves F&D Netback ROR NPV 10% (1) 3.5 MM 390 mbbls 440 mboe 8/boe 74/boe 200% 10.4 MM Note 1:…
  17. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 17
    ANTE CREEK WELL PERFORMANCE 18
  18. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 18
    ANTE CREEK WELL DATA Ante Creek Well Results Well IP 30 IP 60 IP 90 Current Rate Cumulative Oil (bbls/d) (bbls/d) (bbls/d) (bbls/d)(1) (bbls) 13-26-66-24W5 1,550 1,460 1,355 660 278,441 4-35-66-24W5 870 830 850 970 216,382…
  19. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 19
    ANTE CREEK INFRASTRUCTURE PROJECT Upgraded facility and 35km pipeline interconnect between Ante Creek and Waskahigan will significantly increase gas conservation and allow for higher deliverability of light oil volumes to the…
  20. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 20
    CONCLUSION Strong production growth through oil development at Waskahigan and Ante Creek Focus on both operating and capital costs Facility constraints will be resolved Significant natural gas potential at: Kaybob Pine Creek…
  21. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 21
    APPENDIX 22
  22. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 22
    DIRECTORS Craig Stewart Executive Chairman of RMP Energy Inc. Doug Baker Independent Businessman John Brussa Partner, Burnet Duckworth & Palmer LLP John Ferguson President and CEO of RMP Energy Inc. Andrew Hogg President and CEO of…
  23. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 23
    MANAGEMENT TEAM Craig Stewart Executive Chairman John Ferguson President and CEO Dean Bernhard Vice President, Finance and CFO Brent DesBrisay Vice President, Geosciences Jon Grimwood Vice President, Exploration Ross MacDonald…
  24. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 24
    MANAGEMENT TRACK RECORD Senior management team has worked together for over 20 years Successfully grown and managed companies from 1,000 boe/d to 120,000 boe/d Team has invested over 5.0 billion in WCSB since 1992 Team is a…
  25. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 25
    PINE CREEK WILRICH NATURAL GAS 6.25 net sections, 63% W.I. Wilrich development 7 wells currently producing from Wilrich (40% W.I.; Peyto operated) Currently producing 700 boe/d 26
  26. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 26
    KAYBOB MONTNEY NATURAL GAS 28 sections 92% W.I. Significant low risk gas inventory 60 locations; 90 BCF Infrastructure is established; quick tie-in and onstream projects Industry is still active in area; i.e TQN, TET,…
  27. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 27
    RICINUS LIQUID RICH NATURAL GAS 53 sections, 65% W.I. Deep Basin stratigraphy provides a resource style area Potential zones: Cardium Viking Glauconite Ellerslie Cadomin 28
  28. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 28
    THIRD QUARTER 2013 FINANCIAL RESULTS Nine Months ended September 30, (thousands except share data) 2013 2012 % Change Cash flow from operations 59,145 31,749 86 Per share basic 0.55 0.32 72 Net Income 7,997 4,076 96 Net debt…
  29. NOVEMBER 2013 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 29
    THIRD QUARTER 2013 OPERATING RESULTS Nine months ended September 30, (6:1 oil equivalent conversion) 2013 2012 % Change E&D Capital Spending ( thousands) 94,453 63,033 50 Average Daily Production: Crude Oil & NGLS(bbls/d) 3,542…

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