Skip to main content December 2015 Investor Presentation – Raging River Exploration Inc. | Shale Experts
Loading...
Pm

December 2015 Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Dec 2, 2015 · 27 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. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 1
    December 2015
  2. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 2
    Viking Light Oil Anegada Acquisition 100% of Raging Rivers Assets 2 TSX: RRX
  3. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 3
    Anegada Acquisition R6 R5 R4 R3 R2 R1W4 R29 R28 R27 R26 R25 R24W3 Recent Rolling Hills T35 & Novus Activity Alberta Saskatchewan RRX Land Acqn. Assets T3 Acqn. Royalty Assets Viking HZ wells PROVOST T34 T3 T33…
  4. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 4
    Anegada Acquisition Deal Summary Acquisition Summary: Consideration: 126 million 11.7 million shares plus assumption of 30 million net debt Production(1): 1,600 bbls/d Viking light oil 6,900 mcf/d Viking gas 2,750 boepd P+P…
  5. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 5
    Anegada Acquisition Historical Wells Anegada All Wells 120 9000 8000 100 7000 80 6000 Oil Rate (bbl/d) GOR (scf/bbl) 5000 60 4000 40 3000 2000 20 1000 0 0 - 60 120 180 240 300 360 Days On Production…
  6. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 6
    Expanding the Land Base Net Tested Untested Prospective Net Drilled Net Net % Area Sections HZ Wells Sections Sections Tested Crown Freehold RRX Saskatchewan 301 832 194 106 65% 67% 33% RRX Alberta 30 1 1 29 3% 100% 0% Total RRX…
  7. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 7
    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…
  8. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 8
    Raging River Profile pro-forma Acquisition TSX Listed RRX Basic Shares 212.7 million(1) Dilutive Securities (strike at 7.18/share) 10.3 million(1) Fully Diluted Shares 223.0 million Insider Ownership 12.4% Basic (220 million of…
  9. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 9
    Raging River 2016 Guidance Average daily production Crude oil and NGLs (bbls/d) 15,400 Natural gas (mcf/d) 9,500 Barrels of oil equivalent (boe/d) 17,000 Pricing Crude oil - WTI (US/bbl) 42.50 Exchange rate (Cdn/US) 1.35 Natural…
  10. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 10
    Free Cash flow & Growth Profile 60 WTI 7% Growth Model Includes 16 million per year of Waterflood Capital 35,000 350,000 30,000 300,000 Average Production boepd (91% Oil) Free Cash Flow Above 7% Growth 25,000 MAX 250,000…
  11. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 11
    RRX Economic Drilling Inventory RRX Risked Remaining Economic Drilling Inventory Proforma Corporate Acquisition 4,500 4,000 3,500 Tier 2 3,000 Tier 3 of Locations 2,500 Tier 4 2,000 1,500 Tier 5+ 1,000 500 - 40…
  12. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 12
    Raging River Historical Wells RRX All Wells All Areas 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 Days On Production 2012/2013 - 283 Wells 2014 - 289 Wells 2015 - 132 Wells Tier 4…
  13. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 13
    Raging River Expands Dominant Viking Position R6 R5 R4 R3 R2 R1W4 R29 R28 R27 R26 R25 R24 R23 R22 R21 R20 R19 R18 R17 R16 R15 R14 R13 R12W3 T36 T36 T35 PROVOST Viking Light Oil Resource Play T35 Anegada, Apache, Spur,…
  14. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 14
    Decline Profile RRX Coporate Decline History and Forecast - Assumes 7% Anulized Production Growth 60.00% 50.00% Corporate Decline Rate % 40.00% 30.00% 20.00% 10.00% 0.00% Jan-12 Dec-12 Jan-14 Jan-15 Jan-16…
  15. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 15
    Sustainability at long term 40 WTI(1)(2) US 40/bbl WTI 5% Growth- Max D/CF of 1.4 25,000 200% 22,500 180% 20,000 160% Average Production boepd (91% Oil) Sustaining Capex % of Cashflow 17,500 140% 15,000 120% 12,500…
  16. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 16
    The Business at long term 50 WTI(1) (2) US 50/bbl WTI 5% Growth 25,000 200% 22,500 180% 20,000 160% Average Production boepd (91% Oil) Sustaining Capex % of Cashflow 17,500 140% 15,000 120% 12,500 100% 10,000 80%…
  17. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 17
    The Business at long term 60 WTI(1) (2) US 60/bbl WTI 10% Growth 30,000 200% 27,500 180% 25,000 160% Average Production boepd (91% Oil) 22,500 Sustaining Capex % of Cashflow 140% 20,000 17,500 120% 15,000 100%…
  18. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 18
    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…
  19. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 19
    Waterflood Works Gleneath 140 120 100 Oil Rate (bbl/d) 80 60 40 20 0 - 60 120 180 240 300 360 Days On Production 19 RRX 2014 - 2 Wells RRX 2015 - 5 Wells Tier 5 Tier 7 Tier 9
  20. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 20
    2016 Guidance Highlights Optionality 3 Years of resource capture and delineation drilling has led to Strong understanding of drilling inventory Ability to rapidly increase or decrease capital expenditure levels US 40/bbl WTI cashflow…
  21. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 21
    RRX Built to Last RRX offers downside protection if oil is lower for longer 5% growth per year at 40 WTI with D/CF never exceeding 1.4x 5% growth for 10 years at 50 WTI flat pricing with free cash flow in 2016/2017 10% growth for 10…
  22. December 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. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 23
    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…
  24. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 24
    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…
  25. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 25
    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 +…
  26. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 26
    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…
  27. December 2015 Investor Presentation – Raging River Exploration Inc. – slide 27
    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…

From the store

Browse maps, data & reports in the Shale Experts store