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JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc.

Black Ridge Oil & Gas, Inc. · Jul 22, 2015 · 16 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. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 1
    Focused Growth in the Williston Basin July Update OTCQB: ANFC July 22, 2015
  2. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 2
    Black Ridge Overview Public company. OTCQB, Ticker: ANFC Black Ridge Operational Focus: Bakken / Three Forks Shale Oil Bakken / Three Forks Shale Non-Operator Exploration and Production Company Approximately 9,400 net leasehold…
  3. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 3
    Why The Non-Operator Business Model Ability to selectively invest in the highest return projects, without the need to control a drilling unit Knowledge and data from approximately 350 gross wells to make capital allocation…
  4. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 4
    Black Ridge Oil & Gas Strategy Deal Flow with Near-Term Development Reporting, Controls, Regulatory Compliance Disciplined Investment Capital Availability Decisions and Asset Management Cash Flow: IRR 30%…
  5. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 5
    Strong Development Pipeline to Feed Future Growth 14.00 Permitting activity has slowed down in recent months, driven by oil prices Black Ridge Oil & Gas Net Wells (as of 3/31/15) 12.00 2.2 net wells currently drilling, 10.00…
  6. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 6
    Production Ramping Up in High Return Areas Net Production BOE/d 1,400 1Q 2015 average production: 992 boe/d 1,200 Production gains in 2H 2015 from Teton project startup 1,000 800 600 400 200 0 2011 2012 2013 2014…
  7. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 7
    General & Administrative Expenses Cash G&A(1), /boe 60 50 40 30 20 10 0 2011 2012 2013 2014 1Q 2015 (1)Cash G&A excludes stock-based compensation and is a non-GAAP financial measure. Please see reconciliation…
  8. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 8
    Capital Structure 40 Outstanding Debt, MM (as of 03/31/15) 35 30 25 Cadence Revolving Facility Chambers Term Loan Senior Secured Subordinated 34mm borrowing base(1) 31.6mm drawn including PIK 20 8.1mm available LIBOR + 900 bps,…
  9. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 9
    Hedging Summary 800 Barrels Hedged (Bo/d), WTI (/Bbl, Swap Price is Weighted Average)(1) 700 75.00 - 95.60 600 80.00 - 500 89.50 400 300 75.00 - 95.60 200 89.84 72.40 75.84 89.73 87.18 100 0 Q2 & Q3 2015 Q4 2015…
  10. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 10
    Corral Creek Dunn County, ND North Dakota Montana T147N R95W T147N R94W T147N R93W Corral Creek Unit Lincoln Gorhman 30,884 Gross Acres 2748 Gross Acres 1280 Gross Acres 0.77% Working Interest (WI) 6.43% WI 19.34% WI Hansen…
  11. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 11
    Teton McKenzie County, ND Operator: ConocoPhillips Twenty Eight Gross Well Spacing(1) Twenty three gross (1.76 net) wells drilled to TD North Completions activity commencing in 2Q 2015 Dakota Montana First production expected in…
  12. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 12
    Why We Are Developing Teton Company Metrics: Average of Two Quarters Preceding and After Teton Start Up (1) Production, Boepd 2,000 1,600 1,200 800 400 0 Pre Teton Post Teton Debt / Boepd, M 60,000 45,000…
  13. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 13
    Merced Black Ridge Partnership Merced Black Ridge, LLC Transaction Structure Merced provides equity capital, with initial target of 50 Million, subject to Merced approval New Acquisition Capital used to acquire / develop non-…
  14. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 14
    For More Information www.blackridgeoil.com Ken DeCubellis Chief Executive Officer ken.decubellisblackridgeoil.com 952-426-1241 Stay Up to Date on Black Ridge Oil & Gas www.blackridgeoil.com 15
  15. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 15
    Hedging Summary Swaps Settlement Period Contract Date Oil (BBLS) Fixed Price 4/1/2015 - 12/31/2015 8/9/2013 18,000 88.28 4/1/2015 - 12/31/2015 4/8/2014 15,750 89.70 4/1/2015 - 12/31/2015 5/21/2014 9,000 92.38 4/1/2015 -…
  16. JULY 2015 INVESTOR PRESENTATION – Black Ridge Oil & Gas, Inc. – slide 16
    Cash General and Administrative Expense per BOE Three months ended Year ended December 31, March 31, 2011 2012 2013 2014 2015 General and adminstrative (G&A) expense 1,850,536 3,530,643 2,299,757 2,891,641 810,008 Less…

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