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November 2015 Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Nov 5, 2015 · 31 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. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 1
    November 2015
  2. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 2
    SW Saskatchewan Viking Light Oil 100% of Raging Rivers Assets 2 TSX: RRX
  3. November 2015 Investor 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. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 4
    RRX an Organic Growth Story 15,000 15.00 14,000 14.00 13,000 13.00 12,000 12.00 11,000 11.00 RRX Production boe/d 10,000 10.00 RRX Stock Price 9,000 9.00 WTI Cdn/10 8,000 8.00 7,000 7.00 6,000 6.00 5,000 5.00…
  5. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 5
    Raging River Profile TSX Listed RRX Basic Shares 200.3 million(1) Dilutive Securities (strike at 7.18/share) 10.9 million(1) Fully Diluted Shares 211.3 million Insider Ownership 13.0% Basic (220 million of exposure) Insider…
  6. November 2015 Investor 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) 176,000 Funds flow from operations (000) 170,000 2015 exit net debt (000) 103,000 Exit Net…
  7. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 7
    2016 Illustrative Outlook Built to Sustain Lower for Longer WTI Oil (US/bbl) 40.00 45.00 50.00 55.00 60.00 Canadian Light (Cdn/bbl)(1) 48.42 54.47 60.53 66.58 72.63 FFO /boe 26.20 31.50 36.50(2) 40.50(3) 44.40(4) Capital (000)…
  8. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 8
    Decline Profile Raging River Decline History and Foreast 50.0% 45.0% 40.0% 35.0% Corporate Decline Rate 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% Jan-12 Dec-12 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19…
  9. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 9
    Free Cash flow Profile (1)(2) 200,000 180,000 Free Cash Flow Above 7% Growth (000) 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 - 2016 2017 2018 2019 2020 2021 2022 2023 2024 Free Cashfl Flow…
  10. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 10
    Sustainability at long term 40 WTI(1)(2) 40 WTI/bbl No Growth Model Includes 16 million per year of Waterflood Capital 20,000 200% 17,500 175% Full waterflood capital Average Production boepd (96% Oil) Sustaining Capex % of…
  11. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 11
    The Business at long term 50 WTI(1) (2) 50 WTI/bbl 5% Growth Model 20,000 Includes 16 million per year of Waterflood Capital 200% Full waterflood 17,500 175% capital No inventory high Average Production boepd (96% Oil)…
  12. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 12
    The Business at long term 60 WTI(1) (2) 60 WTI/bbl 7% Growth Model Includes 16 million per year of Waterflood Capital 20,000 200% Full waterflood 17,500 175% capital No inventory high Average Production boepd (96% Oil)…
  13. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 13
    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…
  14. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 14
    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…
  15. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 15
    Waterflood A Long Term Strategy Dodsland One Section Waterflood - Predicted Response 22 Wells Per Section 10 wells converted to injectors 1,400 1,200 Minimum of 60 sections with WF potential Implement 4 sections per year for 15…
  16. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 16
    Waterflood Works Gleneath 140 120 100 Oil Rate (bbl/d) 80 60 40 20 0 - 60 120 180 240 300 360 Days On Production RRX 2014 - 2 Wells RRX 2015 - 5 Wells Tier 5 Tier 7 Tier 9 16
  17. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 17
    Why Increased Drilling Density Drill Spacing at 16 wells per section 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…
  18. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 18
    Infill Drilling RRX Infill Program 70 Positive Results 60 Average well spacing from 16 wells per section to 22 wells per section Limited Interference witnessed 50 Oil Rate (bbl/d) 40 30 20 10 0 - 30 60 90 120 150…
  19. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 19
    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…
  20. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 20
    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…
  21. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 21
    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 flat pricing with free cash flow in 24 months 7-10% growth for…
  22. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 22
    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…
  23. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 23
    Appendix Information
  24. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 24
    Footnotes Slide 5 1. As of September 30,2015. 2. Utilizing price of 8.50/share for RRX on November 3,2015 3. Utilizing estimated net well count for 2015 of 220 drills 4. Based on Q4 Strip Pricing of 45.57 Us/bbl, FX of 1.32 US/Cdn…
  25. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 25
    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. Jesse…
  26. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 26
    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 Days On Production Days On…
  27. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 27
    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…
  28. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 28
    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…
  29. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 29
    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 +…
  30. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 30
    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…
  31. November 2015 Investor Presentation – Raging River Exploration Inc. – slide 31
    Historic Operational Excellence Q3/15 Q2/15 Q1/15 Q4/14 Q3/14 Q2/14 Q1/14 Q4/13 Q3/13 Q2/13 Q1/13 Q4/12 Financial (thousands of dollars except share data) Funds Flow from Operations 43,630 49,535 33,480 57,704 57,850 56,283 49,813…

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