Investment Highlights Well-Rounded Management Team with Strong Capital Markets and Operational Experience More than 300 years of combined experience, in-house abilities to turn inventory into reserves and production Successful track…
Corporate Overview * Market data as of market close on August 8, 2014 Red Mountain Resources, Inc. (RMR) Listing (OTCQB) RDMP Share Price* 5.00 Common Shares Outstanding (MM) 14.8 Market Cap (MM)* 74.1 Total Debt (MM) 26.8 Series…
Company Overview Summary of Properties FY 2014 Q4 Net Production1 : Approximately 1,200 BOE/D 56% oil Proved Reserves2: 3.6 MMBOE 52% Proved Developed Drilling Inventory: 450 gross (369 net) potential locations 1 Average daily…
Summary of Reserves Proved Reserves (as of January 1, 2014) Reserves by Field PDP PDNP PUD Total Proved Proved Net Reserves 18% Madera 27% Oil/Condensate (MBBL) 854 148 1,335 2,337 Lusk Gas (MMCF) 4,153 309 1,811 6,273 7% Turkey…
CAPEX Plan and Data Capital Development Plan For Fiscal 20151 CAPEX Overview Gross Net CAPEX Percent CAPEX plan diversified between horizontal and vertical wells Wells Wells (in millions) Tom Tom (San Andres) 57.0 45.3 22.3 45%…
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Permian Basin Focus Property Overview 300,000 net acres in West Texas and New Mexico 31,000 net acres classified as Permian Basin Acreage position provides opportunity for reserve adds and production growth with exposure to:…
Madera Prospect Asset Highlights 2,545 gross acres (1,132 net); 7 producing wells, 1 awaiting completion, and 1 disposal well Continued Brushy Canyon development Completed agreement with Chevron to add adjacent acreage, making the…
Madera Lateral Economics Oil Price Sensitivity WTI Oil Sensitivity Case Assumptions (4,620 Lateral Length) PV-10 (M) Payout (yrs) IRR (%) Price (/bbl) High Base Low HIGH CASE 80 6,140 2.0 58% 90 7,746 1.7 79% EUR (Mboe) 549 464 373…
Madera Long-Lateral Economics Oil Price Sensitivity WTI Oil Sensitivity Case Assumptions (6,930 Lateral Length) PV-10 (M) Payout (yrs) IRR (%) Price (/bbl) High Base Low HIGH CASE 80 10,194 1.6 90% 90 12,410 1.4 122% EUR (Mboe) 767…
Significant Exposure to Low-Risk San Andres Reserves San Andres Overview The San Andres formation is an oil and gas bearing member of the Upper Permian occurring in the geologic provinces of West Texas and Southeast New Mexico The San…
San Andres Area Economics Oil Price Sensitivity Sensitivity Case Assumptions WTI Oil PV-10 (M) Payout (yrs) IRR (%) Price (/bbl) High Base Low HIGH CASE 80 1,063 2.0 73% EUR (Mboe) 67 50 32 90 1,327 1.7 94% PV-10 (M) 1,327 768 209…
Non-Operated New Mexico Operating Partners within the Area 15
Central Kansas Properties Asset Highlights 9,868 gross and net acres 100% working interest; 80+% NRI Target zones: Arbuckle, Lansing/Kansas City, Penn, Reagan, and Granite Wash Established and growing acreage position Completed…
Financial Overview 17
Capitalization Table Capitalization as of March 31, 2014 (in thousands) Actual As Adjusted1 Cash and Cash Equivalents 1,233 1,233 Debt Borrowing Base Credit Facility 30,000 23,800 26,800 Series A Preferred Stock, Net of Discount 2…
Offering Exposure to the Permian at a Discount (EV/Net Acre in the Permian Basin) 45,000 40,000 35,000 30,000 EV / Net Acre 25,000 Mean EV/Net Acre of Peer Group: 22,054 20,000 15,000 10,000 5,000 0…
In Summary Uniquely 3.6 MMBOE Strong production Experienced positioned proved reserves profile to execute management and property set with and 1,000+ boepd development technical team large acreage production base plans, including…
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Board and Management Team Highly experienced team with an approximately 7.5% equity stake ALAN W. BARKSDALE DAVID M. HEIKKINEN RICHARD Y. ROBERTS PAUL N. VASSILAKOS FRANK W. YATES, JR. Chairman, President, CEO Director Director Director…
Permian Adjusted Enterprise Value Derivation (In millions) Company Ticker Market Cap Total Debt Cash Enterprise Value Laredo Petroleum Holdings Inc LPI 3,523.3 1,501.5 399.5 4,625.3 Approach Resources Inc AREX 709.9 296.0 0.4 1,005.4…
PV-10 Reconciliation PV-10 Reconciliation (in thousands) PV-10 73,317 Future income taxes (28,406) Discount of future income taxes at 10% per annum 17,514 Standardized measure 62,425 PV-10 is a non-GAAP financial measure…
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