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MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc.

Rmp Energy Inc. · Mar 12, 2014 · 28 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. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 1
    MARCH 2014 CORPORATE PRESENTATION
  2. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 2
    DISCLAIMER - CONTD Any 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. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 3
    CORPORATE PROFILE TSX Trading Symbol RMP Current Market Capitalization 800 million Common Shares outstanding 119.1 million Stock Options outstanding 9.2 million Warrants outstanding 2.1 million Directors & Officers ownership (fully…
  4. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 4
    COMPANY ATTRIBUTES Balance Sheet Strength - low leverage relative to peers Net Debt of 116 million (YE 2013 estimate) Line of credit of 160 million - significant unutilized credit capacity Free Cash Flow 2014 Capital Budget enhancing…
  5. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 5
    2014 BUDGET GUIDANCE Fiscal 2014 E&D Capital Spending 130 million Production: 46% over Annual Avg. (boe/d) 10,000 FY2013(e) Oil/NGL (%) 68 Cash Flow (Funds from Operations) 142 million 64% over Per basic share 1.20 FY2013(e)…
  6. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 6
    STRONG ORGANIC PRODUCTION GROWTH SIGNIFICANTLY INCREASED LIGHT OIL WEIGHTING 12,000 - 218% production increase (FY2014e) since Orleans RTO (Q211) 10,000 10,000 8,000 6,860 boe/d 68% 6,000 5,356 4,000 3,472…
  7. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 7
    FIELD OPERATING NETBACK EXPANSION INCREASED INTERNAL CASH FLOW GENERATING CAPABILITY 40.00 37.97 36.69 Field Netbacks Opex 35.00 34.00 32.13 (1) 30.40 30.00 Field Netbacks 25.00 Operating Costs 23.66 /boe 20.00 Note…
  8. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 8
    CORE OPERATING AREAS Light oil exploration and development Waskahigan/Grizzly Ante Creek Big Muddy Natural gas potential Kaybob Pine Creek Ricinus 9
  9. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 9
    MONTNEY LIGHT OIL FAIRWAY Significant land position in the Montney oil fairway 108 gross (107.15 net) sections in fairway; 99% W.I. + 300 locations at 4 wells/section Significant low risk development inventory 10
  10. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 10
    ANTE CREEK MONTNEY LIGHT OIL Development 36.75 sections 97.2% W.I. 4 wells drilled in Q1 2014 11 wells planned for 2014 Well performance continues to be exceptional. Infrastructure build-out facilitates significant production…
  11. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 11
    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) 3.6 MM 450 Mbbls 540 MBOE 6.75/boe 46/boe 200% 15.2 MM Note…
  12. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 12
    ANTE CREEK WELL PERFORMANCE 13
  13. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 13
    ANTE CREEK WELL DATA 14
  14. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 14
    ANTE CREEK INFRASTRUCTURE Upgraded oil battery and 35 km (22 mile) pipeline connection to Waskahigan oil battery. Project includes major facility expansion and 8 gas and 8 oil pipelines; completed end-February 2014 on-time and…
  15. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 15
    WASKAHIGAN MONTNEY LIGHT OIL 68.25 sections 100% W.I. 12 wells drilled in 2013; 9 wells planned for 2014 Potential for up to 205 additional locations. Pool details Avg. OOIP/Section: 8 MMBOE 40o API Light Oil GOR: 2900…
  16. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 16
    WASKAHIGAN MONTNEY LIGHT 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 17
  17. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 17
    WASKAHIGAN MONTNEY OIL Waskahigan Netback Breakdown 80.00 70.00 60.00 50.00 /boe Netback 40.00 50.21 46.57 48.93 50.30 57.20 Royalties Trans. 30.00 Opex 20.00 10.00 Opex decrease of 8.79 6.23 6.58 6.18…
  18. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 18
    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) 3.9 MM 118 Mbbls 191 MBOE 20/boe 55/boe 62% 3.2 MM Note 1: Assumed pricing of 86/bbl oil…
  19. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 19
    CONCLUSION Strong production and cash flow growth through light oil development at Waskahigan and Ante Creek Focus on both operating and capital costs Facility constraints to be resolved in 2014 Significant natural gas…
  20. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 20
    APPENDIX 21
  21. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 21
    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…
  22. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 22
    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…
  23. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 23
    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…
  24. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 24
    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 600 boe/d 25
  25. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 25
    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,…
  26. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 26
    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 27
  27. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 27
    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…
  28. MARCH 2014 CORPORATE PRESENTATION – Rmp Energy Inc. – slide 28
    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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