SEIZING THE CHALLENGE Investor Presentation, May 2015
Focus on plays Develop a and reservoirs Implement foundation of where we can growth with the assets with Develop a suite of assets drill bit and apply emerging predictable that can provide a solid through technology to cash flow,…
Find plays Explore new Focus on OIL that are Preserve and technologies exploration scalable and build our to increase and repeatable development recovery development where Rock drilling factors and programs can control inventory…
TSX:RE STOCK TRADING Stock exchange TSE Symbol: RE Corporate Current stock price trading range 3.00-3.50/share Profile CAPITAL STRUCTURE Common stock (basic) 47.0 M Common stock (full diluted) 50.0 M Market capitalization 160-165…
NET ASSET VALUE (Proved plus Probable) Reserve Value* (M) 216.8 Net Asset Value Undeveloped Land (M) 21.0 and Reserves Net Debt (M) 69.0 Net Assets (M) 168.8 December 31, 2014 Basic Shares (M) 40.4 NAV/Basic Share 4.17 RESERVES…
ROCK ENERGY VALUE PROPOSITION Why buy Rock 9
1. How is your Balance Sheet Will you be around when prices recover Why Buy Rock 2. What are you doing to get your costs down 4 Questions to think about Can you adapt to survive at these prices 3. What kind of assets do you have…
We enter 2015 with low debt Year end 2014 net debt is 69.0 million Balance Sheet Rock has moved proactively to guard the Proactively protecting shareholder value balance sheet Reduced the 2015 capital program to 25 million Completed a…
Declining Cost of Lowering Our Total Cost of Production Production 45.00 Interest Implementing the EOR project at Cost Initiatives 40.00 -0.07 5.67 0.23 Mantario in 2015 will reduce our 3.16 0.46 Rock is working to reduce its…
Corporate Funds from Sustainability Operations vs. WTI At WTI 55.00US/bbl the company is generating 120.00 enough funds from Assets operations to hold Rocks assets have a low base 100.00 96.29 production flat at 5,000 decline rate…
Netbacks by Play at Various WTI Prices 90.00 Play Type 80.00 Netbacks 70.00 All our plays generate positive 58.39 60.00 cash netbacks down to WTI 45.00 US/bbl Netback (/bbl) 50.00 47.16 40.00 35.93 30.00 24.69 20.00…
Share Price by Torque in Action Valuation Multiples If oil prices increase by 18% from 12.00 2.50 55.00 US/bbl to 65.00 US/bbl, our funds from operations per Torque3 for 1 10.00 share increases by 0.45/share Share price and price per…
MANTARIO/LAPORTE Foundation of production and cash flow 17
VERTICAL TYPE WELL* DCET 700k NPV 1,470k Pay Out 9 months Mantario IRR 200% *Assumes GLJ Jan 2015 Price Foundation of production and Forecast and EOR royalty of 1%. cash flow PROCEEDING WITH EOR PROJECT TO MAXIMIZE RESERVES…
2015 Drilling 10 million Mantario/Laporte 3 Vertical locations 2015 Plans 3 Horizontal producers Exploration and development upside B 10 water injector conversions 2015 Facilities 8 million Pipeline gathering system Polymer…
Mantario/Laporte Mantario/Laporte Production Forecast Polymer Flood 3,500 (EOR) 3,000 Lower decline rate Polymer injection began on March 11, 2015, with significantly reduced 2,500 royalties Polymer injection Production Rate…
ONWARD SASKATCHEWAN VIKING & MANNVILLE PLAYS Growth opportunities through continued development of this light oil, high netback, stacked horizons play
Viking Resource Play Mannville Lloyd Oil Current light oil production Current Mannville oil Onward approximately 1,200 bopd production approximately Saskatchewan Light oil, high netback 500 bopd Area is highly prospective for new pools…
OLD GAS/OIL Onward Viking CONTACT Play Large drilling inventory NEW GAS/OIL CONTACT 52 HZ DRILLED TO DATE 10 HZ COULD BE DRILLED Q3/Q4 2015 40+ POSSIBLE LOCATIONS FOR 2016 Rock Land Rock Drilled Viking Horizontals to Date…
Onward Well Performance 15 Stage Fracs vs. 18+ Stage Fracs Onward Viking 70 Well Production ONWARD VIKING TYPE WELL* IP30 50-60 boepd Performance 60 EUR 35 mboe (P+P) DCET 955k More fracs per well is making a NPV 368k big difference…
Better production rates Results with new completion techniques are yielding initial production rates 35% better than before Onward Viking Abundance of development opportunities We have validated the play Expanded gas/oil contact 40…
NEW 30-SECTION 3D SEISMIC PROGRAM Onward Mannville 3D seismic program to further develop pools and confirm exploration leads EXISTING 3D SEISMIC PROGRAM Rock Land Existing 3D Rock Producing Lloydminster wells New 30 Section…
Current Status 2015 Plans Onward Current production 500 Interpret 30 section 3D Mannville bopd seismic program Program New Lloyd pool discovered Develop exploration with 11-16 (West Onward) prospects New Bakken pool Review…
Rock is focused on the higher rate of return projects first Prudent Stewardship of 1. Mantario/Laporte vertical wells Capital 2. Onward Horizontal Mannville wells 3. Onward Viking Wells MANTARIO/LAPORTE ONWARD HZ MANNVILLE ONWARD…
Total Net Capital Expenditures for 2015 2015 Capital 3mm Onward Viking Budget 4mm 10mm Exploration 25mm 2015 Capex Mantario Drilling 9 Net Wells Planned 8mm Mantario Facilities 32
Our Assets have a low Our Team has decline rate, Our Balance been through and provide a Sheet is intact. this before. solid foundation of cash flow. We have the Our Stock Assets that We are price has big working hard will give…
SUPPLEMENTARY INFORMATION 35
Management Team Directors Strong Allen J. Bey Stuart G. Clark Management President and CEO Chairman of the Board Team/Board Jeffery G. Campbell Richard J. S. Wigington Senior Vice President and COO Robert A. Maitland Todd Hirtle…
TRADING TSX Stock Symbol RE Market Profile USA - OTC RENFF SHARES OUTSTANDING Basic 47.0 MM Fully diluted 50.0 MM MANAGEMENT & DIRECTORS Basic 7.6% Fully diluted 10.9% RECENT TRADING RANGE 3.00 - 3.50 MARKET CAPITALIZATION…
Analyst INVESTOR RESEARCH FIRM RATING ANALYST Coverage FirstEnergy Out Perform B. Fitzmartyn Alta Corp Out Perform T. Matthews Paradigm Capital Buy K. Lin GMP Capital Buy G. Daunheimer Acumen Buy T. Reynolds Dundee Buy C. Ellison…
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