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Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Nov 6, 2014 · 37 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. Investor Presentation – Raging River Exploration Inc. – slide 1
    November 2014
  2. Investor Presentation – Raging River Exploration Inc. – slide 2
    Raging River Profile TSX Listed RRX Basic Shares 180.2 million Dilutive Securities (strike at 4.42/share) 15.4 million Fully Diluted Shares 195.7 million Insider Ownership 14.0% Basic Insider Ownership 20.7% Fully Diluted Market…
  3. Investor Presentation – Raging River Exploration Inc. – slide 3
    2014 Guidance Increase 2014 Increased Guidance Average Production (95% oil) (boepd) 10,500 Exit Production (95% oil) (boepd) 12,750 Funds Flow (000's) 220,000 Capital Expenditures (000s) 275,000 Year End 2014 Net Debt (000's)…
  4. Investor Presentation – Raging River Exploration Inc. – slide 4
    RRX an Organic Growth Story 12,000 12.00 11,000 11.00 10,000 10.00 9,000 9.00 RRX Production boe/d 8,000 8.00 RRX Stock Price 7,000 7.00 6,000 6.00 5,000 5.00 4,000 4.00 3,000 3.00 2,000 2.00 1,000 1.00 - -…
  5. Investor Presentation – Raging River Exploration Inc. – slide 5
    SW Saskatchewan Viking Light Oil 100% of Raging Rivers Assets 5 TSX: RRX
  6. Investor Presentation – Raging River Exploration Inc. – slide 6
    Raging River Lands KERROBERT Raging River, Beaumont, Rock, Polar Star PLENTY RRX Land NAL, Teine, Husky Farm-in Land 1 DODSL AND DODSL 0 2173 03AND 1 1 1 DODSL AND DODSL 21 0402 1 3 AND 5 DODSL…
  7. Investor Presentation – Raging River Exploration Inc. – slide 7
    Statistical and Efficient Play RRX All Wells All Areas 70 WTI FX WTI/Cdn Diff MSW PV 10 ROR US/bbl Cdn/US /bbl MSW - WTI /bb M % 60 60.75 0.90 67.50 7.50 60.00 337 33 69.75 0.90 77.50 7.50 70.00 584 55 50 78.75 0.90 87.50 7.50…
  8. Investor Presentation – Raging River Exploration Inc. – slide 8
    De-risking the Land Base Net Tested Net Untested Net Net Drilled Area Sections Sections Sections Hz Wells Crown FH Greater Dodsland 144 96 48 227 82% 18% Greater Lucky Hills 45 35 10 140 73% 27% Plato 72 28 44 72 42% 58% Total RRX* 260…
  9. Investor Presentation – Raging River Exploration Inc. – slide 9
    RRX Remaining Risked Drilling Locations 2,500 2,250 400 TIER 3 2,000 400 TIER 4 1,750 OF LOCATIONS 1,500 1,250 700 TIER 5 1,000 750 500 950 TIER 6+ 250 - 55 75 85 105 OIL PRICE /BBL TO ACHIEVE A…
  10. Investor Presentation – Raging River Exploration Inc. – slide 10
    Multi Year Growth Plan With Existing Risked Inventory 20,000 Balance Sheet Strength Allows: Growth of 20-25% per year with lower oil price 400 18,000 75 WTI D/CF increases to 0.9X Wells 85 WTI D/CF increases to 0.6X D/CF 16,000…
  11. Investor Presentation – Raging River Exploration Inc. – slide 11
    Sustainability RRX Sustainability - Free Cash Flow at 70/bbl 300,000 250,000 200,000 M's 150,000 100,000 50,000 - 70 75 80 85 90 95 100 WTI US/bbl Sustaining Capex Atax Corp Cashflow Free Cash Flow 11…
  12. Investor Presentation – Raging River Exploration Inc. – slide 12
    Growth Per Share at Low Oil Price Spending only 100% of Cashflow RRX Per Share Growth at Various Oil Price Levels 60.00 30% Per Share Production Growth Rate 50.00 25% Atax Netback /boe 40.00 20% 30.00 15% 20.00…
  13. Investor Presentation – Raging River Exploration Inc. – slide 13
    Viking Increasing Recovery Factor Dodsland Recovery Potential per section (10 mmstb OOIP) Incremental Incremental Total Producing Well Recovery Oil Total Oil Recovery F&D wells Type Method Mstb Mstb Factor /bbl 16 Horizontal Primary…
  14. Investor Presentation – Raging River Exploration Inc. – slide 14
    Increased Drilling Density Should Work Average RRX section 10 MMbbl OOIP OOIP 10 MMbbls 16 Tier 6 HZ wells will recover 720 Mbbls (7.2% In High OOIP Sections Recovery) 16 HZ wells per section Reservoir modelling Leaves significant…
  15. Investor Presentation – Raging River Exploration Inc. – slide 15
    Waterflood Implementation Dodsland 3 horizontal injectors on line in Q4 2014, 3 separate areas Plato 12 vertical injector conversions in Q4 2014 2 horizontal producers drilled 1 D OD SL AN D 1 DO DS LA ND 1 D OD SL AN D 4…
  16. Investor Presentation – Raging River Exploration Inc. – slide 16
    Greater Dodsland Area Gleneath and Eagle Lake 15 Net Sections East 21 Net Sections 1 DODS LA ND DODS LA ND 20160331 2 D ODSLAN D 20160331 DODS LA ND Main 12 Net Sections 1 D OD SLAND ODSLAN D…
  17. Investor Presentation – Raging River Exploration Inc. – slide 17
    Beadle Area Well Performance Beadle 60 50 40 Oil Rate (bbl/d) 30 20 10 0 - 60 120 180 240 300 360 Days On Production 5 Original Beadle Wells 2012/13 - 30 Wells 2014 - 60 Wells Tier 4 Tier 5 Tier 6 17
  18. Investor Presentation – Raging River Exploration Inc. – slide 18
    Dodsland Main Dodsland Main 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 420 480 540 600 660 720 Days On Production 2010/11 - 21 Wells RRX 2012/13 - 65 Wells RRX 2014 - 22 Wells Tier 5…
  19. Investor Presentation – Raging River Exploration Inc. – slide 19
    Dodsland East East Dodsland 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 Days On Production Q4 2012 - 7 Wells 2013 - 22 Wells 2014 -17 Wells Tier 4 Tier 5 Tier 6 19
  20. Investor Presentation – Raging River Exploration Inc. – slide 20
    Lucky/Whiteside Area RRX Land Farm-in Land Viking HZ wells RRX Q3 2014 RRX Q2 2014 TSX:RRX 20
  21. Investor Presentation – Raging River Exploration Inc. – slide 21
    Lucky Hills Lucky Hills 180 160 140 120 Oil Rate (bbl/d) 100 80 60 40 20 0 - 60 120 180 240 300 360 Days On Production 2010/2011 - 11 Wells 2012/13 - 77 Wells 2014-28 Wells Tier 6 Tier 8 Tier 10 21
  22. Investor Presentation – Raging River Exploration Inc. – slide 22
    Whiteside Whiteside 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 420 480 540 Days On Production 2011/12-16 Wells 2013 - 8 Drills Tier 5 Tier 6 Tier 7 22
  23. Investor Presentation – Raging River Exploration Inc. – slide 23
    Kerrobert 1 DODSLAND DODSLAND 20 161001 RRX Land Farm-in Land Viking HZ wells RRX Q3 2014 RRX Q2 2014 23 TSX: RRX
  24. Investor Presentation – Raging River Exploration Inc. – slide 24
    Kerrobert Well Performance Kerrobert 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 Days On Production 2012/13 -41 Wells 2014 - 23 Wells Tier 5 Tier 6 Tier 7 24
  25. Investor Presentation – Raging River Exploration Inc. – slide 25
    Plato & Forgan 72 net sections 28 sections tested to date Plato 1 EL ROSE EL ROSE 2 017 033 1 1 EL ROSE EL ROSE 2017 03 31 1 2 1 2 1 1 EL ROSE ELRO SE PLATO PLAT O ELROSE EL ROSE PLATO PLAT O 2 016 033 1 20…
  26. Investor Presentation – Raging River Exploration Inc. – slide 26
    Plato Area Well Performance Plato 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 30 60 90 120 150 180 210 240 270 300 330 360 Days On Production 26 2012/13 - 45 Wells 2014 - 28 wells Tier 6 Tier 8 Tier 10
  27. Investor Presentation – Raging River Exploration Inc. – slide 27
    Forgan Area Well Performance Forgan 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 Days On Production Forgan 2014 Q1 - 23 Wells Tier 5 Tier 6 Tier 7 27
  28. Investor Presentation – Raging River Exploration Inc. – slide 28
    Raging River Summary RRX currently 12,000 12.00 controls 260 net 11,000 11.00 sections of oil prone Viking lands 10,000 10.00 Quality of the drilling 9,000 9.00 RRX Production boe/d inventory is 8,000 8.00 RRX Stock Price…
  29. Investor Presentation – Raging River Exploration Inc. – slide 29
    Office For further information 710, 400-5th 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…
  30. Investor Presentation – Raging River Exploration Inc. – slide 30
    Appendix Information
  31. Investor Presentation – Raging River Exploration Inc. – slide 31
    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…
  32. Investor Presentation – Raging River Exploration Inc. – slide 32
    Independent Engineering per well booking Structure Crown Royalties Based 90/bbl Edmonton light pricing, 900,000 per well Well Proved + Proved + Spacing 90 Day Months Probable Probable Tier per IP to Reserves NPV10 ROR Section…
  33. Investor Presentation – Raging River Exploration Inc. – slide 33
    Historic Operational Excellence Q3/14 Q2/14 Q1/14 Q4/13 Q3/13 Q2/13 Q1/13 Q4/12 Q3/12 Q2/12 Financial (thousands of dollars except share data) Funds Flow from Operations 57,850 56,283 49,813 35,582 32,174 25,527 23,383 15,089 10,269…
  34. Investor Presentation – Raging River Exploration Inc. – slide 34
    Continuous per share Growth Production per share Growth Funds Flow per share Growth 70 Producion per share (boe/mm basic shares) 0.35 Funds Flow per share (/mm basic shares) 60 0.30 50 0.25 40 0.20 30 0.15 20 0.10…
  35. Investor Presentation – Raging River Exploration Inc. – slide 35
    The RRX Pilot Waterflood Experience 91/08-20-031-22W3/0 50 RRX has been pilot water flooding 100 91/08-20-031-22W3/0 Tier 3 45 90 40 Tier 4 Tier 6 Tier 5 Tier 7 80 for 3 years Results are encouraging and visible…
  36. Investor Presentation – Raging River Exploration Inc. – slide 36
    Mature Waterfloods New Oil 91/15-03-031-22W3/0 100 100 91/15-03-031-22W3/0 90 Tier 10 90 New Drilling in Gleneath Tier 11 in H2 2014 80 Tier 12 80 Historic HZ wells showing Tier 13 Tier 14+ long terms rates 70 Tier 14 70…
  37. Investor Presentation – Raging River Exploration Inc. – slide 37
    Technology Improvements 15 Stage vs 18 Stage 70 First long term trials in areas with low GOR 60 Improvements suggest a long term improvement of two Tiers (PV increase of 500 M for 50 M capital 50 outlay) Results in high GOR areas…

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