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September 2015 Corporate Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Sep 10, 2015 · 29 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. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 1
    September 2015
  2. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 2
    SW Saskatchewan Viking Light Oil 100% of Raging Rivers Assets 2 TSX: RRX
  3. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 3
    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…
  4. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 4
    RRX an Organic Growth Story 15,000 15.00 14,000 14.00 13,000 Recent production 13.00 12,000 at Q4 Average 12.00 RRX Stock Price/WTI Cdn/10 levels 11,000 11.00 RRX Production boe/d 10,000 10.00 9,000 9.00 8,000 8.00…
  5. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 5
    Raging River Profile TSX Listed RRX Basic Shares 200.2 million(1) Dilutive Securities (strike at 7.15/share) 11.0 million(1) Fully Diluted Shares 211.2 million Insider Ownership 13.2% Basic (215 million of exposure) Insider…
  6. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 6
    Raging River 2015 Guidance Production Average boepd (97% oil) 13,500 Q4 2015 boepd (97% oil) 14,000 Financial Operating cashflow (000) 169,000 Funds flow from operations (000) 162,500 2015 exit net debt (000) 112,000 Exit Net debt…
  7. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 7
    2016 Illustrative Outlook Built to Sustain Lower for Longer Oil (US WTI) 40.00 45.00 50.00 55.00 60.00 Edmonton Par (C/bbl)(1) 48.42 54.47 59.21 64.93 70.51 FFO /boe 23.82 29.19 34.51 39.35(2) 41.90(3) Capital 145,000 180,000…
  8. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 8
    Free Cash flow at Strip Pricing(1)(2) Raging River Decline History and Forecast 50.0% 200,000 45.0% 180,000 Current Decline Rate 40.0% 160,000 Corporate Decline Rate 35.0% 140,000 Free Cash Flow MM 30.0% 120,000 25.0%…
  9. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 9
    Survival at long term 40 WTI(1)(2) 40 WTI/bbl No Growth Model Waterflood Capital Eliminated 20,000 2.00 17,500 1.75 No waterflood capital No inventory high grading Average Production boepd (96% Oil) 15,000 1.50 Production…
  10. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 10
    The Business at long term 50 WTI(1) (2) 50 WTI/bbl 5 Year Growth Model Includes 16 million per year of Waterflood Capital 20,000 2.00 17,500 1.75 Waterflood implementation Average Production boepd (96% Oil) 15,000 1.50…
  11. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 11
    The Business at long term 60 WTI(1) (2) 60 WTI/bbl 7.5% Growth Model Includes 16 million per year of Waterflood Capital 20,000 2.00 17,500 1.75 Waterflood implementation 7.5% per share growth per Average Production boepd (96%…
  12. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 12
    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 60 US/bbl Cdn/US /Cdn /Cdn Per Well mbbls M % Months 40.00 0.77 4.16 47.84 725 50 242…
  13. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 13
    Statistical and Efficient Play(1) Average Well Payout vs WTI 70 60 Cost Reductions 50 2014 900-925 M on-stream per well Payout Time Months 2015 700-750 M on-stream per well Payout at 50WTI reduced to 17 40 months allowing…
  14. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 14
    Waterflood A Long Term Strategy Typical Dodsland Waterflood Section 800 700 Minimum of 55 sections with WF potential Implement 4 sections per year for 15 years Capital of 4 million per section 600 Incremental EUR 800 mstb per…
  15. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 15
    Waterflood Works Gleneath 140 120 Wells with 100 mstb + EURs 100 Oil Rate (bbl/d) 80 60 40 20 0 - 60 120 180 240 300 360 Days On Production 15 RRX 2014 - 2 Wells RRX 2015 - 5 Wells Tier 5 Tier 7 Tier 9
  16. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 16
    Why Increased Drilling Density Average RRX section 10 MMbbl OOIP OOIP 10 MMbbls 16 Tier 5-6 HZ wells will recover 640-800 Mbbls In High OOIP Sections (6.4-8.0% Recovery) 16 HZ wells per section Reservoir modelling Leaves…
  17. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 17
    Infill Drilling It is Working RRX Infill Program 70 Positive Results 60 Average well spacing from 16 wells per section to 22 wells per section Limited Interference witnessed 50 In excess of 270 days of production Oil Rate…
  18. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 18
    RRX Economic Drilling Inventory (low case no downspacing) 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…
  19. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 19
    RRX Economic Drilling Inventory (expected case selective downspacing) 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…
  20. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 20
    RRX Built to Last RRX offers downside protection if oil is lower for longer Flat production per share at 40 WTI with modest D/CF increase 5% growth for 10 years at 50 WTI with free cash flow in 24 months 7.5% growth for 10 years at…
  21. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 21
    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…
  22. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 22
    Footnotes Slide 5 1. As of August 31,2015. 2. Utilizing market close price of 8.13/share for RRX on September 4,2015 3. Utilizing estimated net well count for 2015 of 200-220 drills 4. Based on Q4 Strip Pricing of 48.13 Us/bbl, FX of…
  23. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 23
    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…
  24. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 24
    Area Well Performance Dodsland Main Beadle 70 60 60 50 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…
  25. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 25
    Area Well Performance Lucky Hills Whiteside 180 70 160 60 140 50 120 Oil Rate (bbl/d) Oil Rate (bbl/d) 40 100 80 30 60 20 40 10 20 0 0 - 60 120 180 240 300 360 - 60 120 180 240 300 360 420 480 540…
  26. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 26
    Area Well Performance Hoosier 50 45 40 35 30 Oil Rate (bbl/d) 25 20 15 10 5 0 - 60 120 180 240 300 360 Days On Production Greater Hoosier - 12 Wells Tier 3 Tier 4 Tier 5 Provost 80 70…
  27. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 27
    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 +…
  28. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 28
    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…
  29. September 2015 Corporate Presentation – Raging River Exploration Inc. – slide 29
    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…

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