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August 2015 Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Aug 19, 2015 · 33 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. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 1
    Aug 2015
  2. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 2
    RRX an Organic Growth Story 15,000 15.00 14,000 14.00 13,000 13.00 12,000 12.00 RRX Stock Price/WTI Cdn/10 11,000 11.00 RRX Production boe/d 10,000 10.00 9,000 9.00 8,000 8.00 7,000 7.00 6,000 6.00 5,000 5.00 4,000…
  3. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 3
    Raging River Profile TSX Listed RRX Basic Shares 198.7 million Dilutive Securities (strike at 6.40/share) 12.6 million Fully Diluted Shares 211.3 million Insider Ownership 13.1% Basic Insider Ownership 18.3% Fully Diluted Market…
  4. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 4
    Raging 2015 Guidance Production Average boepd (97% oil) 13,500 Exit boepd (97% oil) 15,000 Financial Operating cashflow (000) 172,000 Funds flow from operations (000) 165,000 2015 exit net debt (000) 131,000 Exit Net debt to funds…
  5. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 5
    Statistical and Efficient Play RRX All Wells All Areas 70 Average RRX Well 70% Crown, 30% Freehold WTI- WTI FX MSW MSW Capex EUR PV 10 IRR Payout US/bbl Cdn/US /Cdn /Cdn Per Well mbbls M % Months 60 40.00 0.77 4.16 47.84 725 50…
  6. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 6
    Independent Engineering per well Booking Structure 70% Crown & 30% Freehold Royalties Based on 50/bbl WTI pricing, 0.77 F/X (US/CAD), WTI/Ed Light Differential 8% of WTI On-stream Capital of 725,000 per well Well Proved + Proved +…
  7. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 7
    Independent Engineering per well Booking Structure 70% Crown & 30% Freehold Royalties Based 70/bbl WTI pricing, 0.77 F/X (US/CAD), WTI/Ed Light Differential 8% of WTI On-stream Capital of 725,000 per well Well Proved + Proved +…
  8. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 8
    RRX Economic Drilling Inventory RRX Risked Remaining Economic Drilling Inventory Well Spacing 16 Wells per section 3,000 2,500 Tier 2 2,000 of Locations Tier 3 1,500 Tier 4-5 1,000 Tier 5.5 500 - 50 60 70…
  9. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 9
    Infill Drilling It is Working RRX Initial Infill Program 70 Positive Results Average well spacing from 16 wells per 60 section to 22 wells per section Limited Interference witnessed 50 In excess of 200 days of production Oil Rate…
  10. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 10
    RRX Economic Drilling Inventory RRX Risked Remaining Economic Drilling Inventory Well Spacing 22 Wells per Section 4,000 3,500 Tier 2 3,000 Tier 3 of Locations 2,500 Tier 4-5 2,000 1,500 Tier 5.5 1,000 500 - 50…
  11. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 11
    RRX Free Cash Flow Generation RRX Free Cash Flow above 47.50/bbl 300,000 250,000 200,000 Cashflow (000) 150,000 100,000 50,000 Lower capital cost structure of 725 per well has driven cashflow - neutral price…
  12. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 12
    Fantastic Optionality without Balance Sheet Impairment RRX Still Achieves Real Growth at 50 WTI 20,000 2.00 At 50 WTI 17,500 1.75 Sustaining Capex of 85% of Cashflow Average Production boepd (96% Oil) 15,000 1.50 12,500…
  13. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 13
    RRX A Sustainable Business Model Rapid growth since 2012 has created above average declines of 35-40% However At the current cost structure the average RRX well pays out in 17 months at 50 WTI 5% growth maintained for 10 years at 50…
  14. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 14
    SW Saskatchewan Viking Light Oil 100% of Raging Rivers Assets 14 TSX: RRX
  15. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 15
    Raging River Lands Dominant Viking Land Position PROVOST Anegada, Apache, Spur, Raging River KERROBERT Viking Light Oil Resource Play Raging River, Whitecap, Rock, Crescent Point 4300 Drilled and Licensed HZ wells 4000 With Public…
  16. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 16
    Greater Dodsland Area TSX:RRX 16
  17. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 17
    Area Well Performance Beadle Dodsland Main 60 70 50 60 50 40 Oil Rate (bbl/d) Oil Rate (bbl/d) 40 30 30 20 20 10 10 0 0 - 60 120 180 240 300 360 - 60 120 180 240 300 360 420 480 540 600 660 720 Days…
  18. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 18
    Lucky/Whiteside Area RRX Land Farm-in Land Viking HZ wells RRX Q1 2015 RRX Q2 2015 TSX:RRX 18 RRX Q3 2015
  19. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 19
    Kerrobert RRX Land Farm-in Land Viking HZ wells RRX Q1 2015 RRX Q2 2015 RRX Q3 2015 19 TSX: RRX
  20. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 20
    Area Well Performance Lucky Hills Whiteside 180 70 160 60 140 50 120 Oil Rate (bbl/d) 40 Oil Rate (bbl/d) 100 80 30 60 20 40 10 20 0 0 - 60 120 180 240 300 360 - 60 120 180 240 300 360 420 480 540…
  21. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 21
    Plato & Forgan Plato Forgan RRX Land Farm-in Land Viking HZ wells RRX Q1 2015 RRX Q2 2015 RRX Q3 2015 21 TSX:RRX
  22. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 22
    Area Well Performance Plato 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 Forgan - 30 60 90 120 150 180 210 240 270 300 330 360 390 420 450 480 510 540 50 Days On Production 2012/13 - 50 Wells 2014 - 44 wells…
  23. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 23
    Provost & Hoosier Farm in Expanding Land Position PROVOST Anegada, Apache, Spur, Raging River, Rolling Hills HOOSIER Anegada, Spur, Raging River RRX Land Farm-in Land Viking HZ wells RRX Expl. Stepouts RRX Q1 2015…
  24. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 24
    Area Well Performance Hoosier Expansion Summary 10 exploration tests drilled 100% discovered hydrocarbons 3 gas wells (uneconomic) 7 oil wells Tier 4 -Tier 7 Area achieving expected risked results Success rate will increase once…
  25. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 25
    Raging River Summary RRX currently 15,000 15.00 controls 320 net 14,000 14.00 sections of oil 13,000 13.00 RRX Stock Price/WTI Cdn/10 prone Viking lands 12,000 12.00 11,000 11.00 RRX Production boe/d 3,500 identified…
  26. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 26
    Office For further information 1700-605-5th Avenue SW Please contact: Calgary, Alberta T2P 0L6 Mr. Neil Roszell, P.Eng. Main: (403) 387-2950 Email: nroszellrrexploration.com Fax: (403) 387-2951 Phone: (403) 767-1250 Website Mr. Jerry…
  27. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 27
    Appendix Information
  28. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 28
    Management Team and Board of Directors Management Team Neil Roszell, P. Eng. Bruce Robertson Jerry Sapieha, CA President, CEO & Director Executive Vice President VP Finance & CFO Bruce Beynon, P. Geol. Jason Jaskela, P. Eng. Terry…
  29. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 29
    RRX December 31, 2014 Independent Reserves BTAX Oil Gas Total1 PV 10% FDC Net Category Mbbls Mmcf Mboe MMs MMs PUDs Proved Developed Producing 18,283 4,710 19,103 675 - - Proven Undeveloped 30,141 3,710 30,769 571 743 791 Total…
  30. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 30
    Historic Operational Excellence Q2/15 Q1/15 Q4/14 Q3/14 Q2/14 Q1/14 Q4/13 Q3/13 Q2/13 Q1/13 Q4/12 Q3/12 Financial (thousands of dollars except share data) Funds Flow from Operations 49,535 33,480 57,704 57,850 56,283 49,813 35,582…
  31. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 31
    Waterflood Implementation Waterflood Response Wells at Gleneath RRX 2014 Drills 91/15-04-031-22W3/0 vs 91/14-03-031-22W3/0 91/15-04 Oil Tier 5 (5.3 - 40mbbl) 120 Tier 6 (6.7 - 50mbbl) Tier 7 (8.5 - 62.5mbbl) Tier 8 (11 - 75mbbl)…
  32. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 32
    Technology Innovation Waterflood Implementation - Analogy Original Gleneath Producers Waterflood Response 1000 900 Waterflood Initiated 800 Original Recovery Oil Rate bbls/d 700 Factor Doubled with waterflood 600 500…
  33. August 2015 Investor Presentation – Raging River Exploration Inc. – slide 33
    Technology Innovation Waterflood Implementation - Analogy Gleneath Pool After 40 Years Still Immature Waterflood 100 2000 1800 OOIP= 140 mmstb Current RF = 15.7% 1600 Projected RF = 23.2% 1400 Oil Rate Bbls/d 1200 Oil…

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