TSX:RE STOCK TRADING Stock exchange TSE Symbol: RE Corporate Current stock price trading range 1.60 1.70/share Profile CAPITAL STRUCTURE Common stock (basic) 47.5 M Common stock (full diluted) 51.5M Market capitalization 80 85 M…
ROCK ENERGY VALUE PROPOSITION Why buy Rock We will survive. We have great growth prospects when the time is right. We have huge torque in our stock price. 5
1. How is your Balance Sheet Will you be around when prices recover Why Buy Rock 2. What are you doing to get your costs down 4 Questions to think about Can you adapt to survive at these prices 3. What kind of assets do you have…
We entered 2015 with low debt Year end 2014 net debt was 69.0 million Rock moved proactively to guard the Balance Sheet balance sheet early in the year Proactively protecting shareholder value Reduced the 2015 capital program to 25…
Declining Cost of Lowering Our Total Cost of Production Production 45.00 Implementing the EOR project at Cost Initiatives Interest -0.07 40.00 0.23 Mantario in 2015 has reduced our 5.67 Rock is working to reduce its 35.00 3.16…
2015 Corporate Funds from Sustainability Operations vs. WTI Because of our low decline rate, at WTI 50.00US/bbl for 50.00 2016 the company is Assets 45.00 42.00 46.00 generating enough funds from Rocks assets have a low base…
Netbacks by Play at Various WTI Prices 90.00 Play Type 80.00 Netbacks 70.00 All our plays generate positive 58.39 60.00 cash netbacks down to WTI 40.00 US/bbl Netback (/bbl) 50.00 47.16 40.00 35.93 30.00 24.69 20.00…
Share Price by Torque in Action Valuation Multiples Hedges in 2015 provide down 9.00 1.80 side protection, and we still have significant torque in 2016. Torque 3:1 8.00 1.60 In 2016 if Rock holds production Our hedges protect the…
MANTARIO/LAPORTE The EOR project is working, and it provides the foundation of production and cash flow for the Company. 13
VERTICAL INFILL WELL* DCET 625k NPV 2.5MM Pay Out 7 months Mantario IRR 460% *Assumes GLJ July 2015 Price Foundation of production and Forecast and EOR royalty of 1%. cash flow. Infill locations generate robust rates of return (28%)…
Free cash flow WTI50.00US/bbl Mantario/Laporte = 23.00CDN/bbl Netback 2015 Plans Average Production 10-20 potential infill locations. B of 2,300-2,400 bopd 6-8 potential step-out locations. Annual Cash flow of 20 Million/yr…
Gas/Oil Ratio (GOR) How do we The GOR at Mantario/Laporte has increased from 25 m3/m3 to know it is a peak of 75m3/m3, but has stabilized at 70 m3/m3. As the working pressure in the pool increases (from the polymer injection) the GOR…
Mantario/Laporte Production Forecast 4,000 3,500 Pool Production 3,000 Injector Conversions Forecast 2,500 2,650 bopd Barells per day In this low oil price environment, 2,000 we have decided to defer the drilling of the…
ONWARD SASKATCHEWAN VIKING & MANNVILLE PLAYS Growth opportunities through continued development of this light oil, high netback, stacked horizons play
Viking Resource Play Mannville Lloyd Oil Current light oil production Current Mannville oil Onward over 1,000 bopd production approximately Saskatchewan Light oil, high netback 400-450 bopd Area is highly prospective for new pools in…
Onward Viking Play Large drilling inventory GAS/OIL CONTACT New gas/oil contact has been confirmed with vertical wells and 3D seismic. Play has been established over 40 sections of land generating over 600 unbooked drilling locations…
Onward Viking Well Performance Onward Viking 18+ Stage Wells Well Production 80 ONWARD VIKING TYPE WELL* Performance 70 IP30 50-60 boepd EUR 35 mboe (P+P) More fracs per well, and better DCET 875k 60 placement within the zone is…
Better production rates Results with new completion techniques are yielding initial production rates 35% better than before Onward Viking We have got our costs down We have validated the play Drill and Case 310k Complete 420k Total…
NEW 30-SECTION 3D SEISMIC PROGRAM Onward Mannville 3D seismic program to further develop pools and confirm exploration leads EXISTING 3D SEISMIC PROGRAM Rock Land Existing 3D Rock Producing Lloydminster wells New 30 Section…
Current Status 2015 Plans Onward Current production 450- Interpret 30 section 3D Mannville 500 bopd seismic program Program New Lloyd pool discovered Develop exploration with 11-16 (West Onward) prospects New Bakken pool Review…
LOOKING FOWARD 2015 CAPEX program and go-forward strategy
Rock is focused on the higher rate of return projects first Prudent 1. Mantario/Laporte EOR project and vertical wells Stewardship of Capital 2. Onward Viking Wells Protected with Hedges Focused on value creation over the long term…
Drilling Locations 700 Drilling Inventory 600 As oil prices improve, Rock has a 500 significant amount of drilling inventory to provide growth. Laporte Infill Mannville Horizontal The Company's engineering firm 400 Laporte Step…
Total Net Capital Expenditures for 2015 2015 Capital 4mm Budget Exploration Expanded on May 12, 2015 to accomplish our strategic 6mm objectives. Protected with hedges Mantario Drilling 40mm 16mm 2015 Capex Onward Viking…
Our Balance Sheet is intact Spending less than cash flow in 2H/2015 Forecasting D/CF at year end of 1.7 times Our Assets have a low decline rate of 15-20% Stable foundation of cash flow Can generate enough cash flow at WTI 50.00…
Management Team Directors Strong Allen J. Bey Stuart G. Clark Management President and CEO Chairman of the Board Team/Board Jeffrey G. Campbell Richard J. S. Wigington Senior Vice President and COO Robert A. Maitland Todd Hirtle…
TRADING TSX Stock Symbol RE Market Profile USA - OTC RENFF SHARES OUTSTANDING Basic 47.5 MM Fully diluted 51.5 MM MANAGEMENT & DIRECTORS Basic 7.6% Fully diluted 11.9% RECENT TRADING RANGE 1.60 1.70 MARKET CAPITALIZATION 80…
Hedging Summary Stream Volume (bpd) Price (CDN/bbl) Term Fair Market Value at July 31, 2015 WCS 1,000 60.40 July Dec 2015 was 6.3 MM MSW 1,000 71.18 July Dec 2015 MSW 500 69.50 Jan Dec 2016 36
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