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April 2016 Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Apr 11, 2016 · 28 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. April 2016 Presentation – Raging River Exploration Inc. – slide 1
    April 2016
  2. April 2016 Presentation – Raging River Exploration Inc. – slide 2
    RRX an Organic Growth Story 18,000 18.00 16,000 16.00 14,000 14.00 RRX Stock Price/WTI Cdn/10 RRX Production boe/d 12,000 12.00 10,000 10.00 8,000 8.00 6,000 6.00 4,000 4.00 2,000 2.00 - - Production…
  3. April 2016 Presentation – Raging River Exploration Inc. – slide 3
    Viking Light Oil 100% of Raging Rivers Assets 3 TSX: RRX
  4. April 2016 Presentation – Raging River Exploration Inc. – slide 4
    Raging River Profile TSX Listed RRX Basic Shares 226.0 million(1) Dilutive Securities (strike at 8.24/share) 9.9 million(1) Fully Diluted Shares 235.9 million Insider Ownership 10.2% Basic (210 million of exposure) Insider Ownership…
  5. April 2016 Presentation – Raging River Exploration Inc. – slide 5
    Raging River All Corporate Wells RRX All Wells All Areas 70 Average RRX Well 70% Crown 30% FH (Tier 6) WTI FX WTI-MSW Edm Par Capex EUR PV 10 IRR Payout 60 US/bbl Cdn/US /Cdn /Cdn Per Well mbbls M % Months 35 0.74 3.78 43.51 675 50…
  6. April 2016 Presentation – Raging River Exploration Inc. – slide 6
    2016 Capital Flexibility Downside Revised Strip Scenario Guidance Pricing Oil (US WTI) 30.00 33.75 39.60 Edmonton Par (C/bbl)(1) 37.41 42.61 47.37 FFO /boe(3) 15.84 19.10 23.70 Capital 155,000 155,000 175,000 Waterflood 3,000…
  7. April 2016 Presentation – Raging River Exploration Inc. – slide 7
    2017 Growth Sensitivity 2017 2017 2017 Oil (US WTI) 50.00 55.00 60.00 Edmonton Par (C/bbl)(1) 59.66 65.63 71.59 FFO /boe(3) 33.87 38.93 42.70 Oil bbls/d 17,755 18,560 19,366 Gas mcfd 8,547 8,740 8,933 Production boepd 19,179…
  8. April 2016 Presentation – Raging River Exploration Inc. – slide 8
    15% Growth to Significant Free Cashflow 15% Growth Model - April 6th Strip Pricing Includes 24 million per year of Waterflood Capital 2017 & Beyond 30,000 300,000 (0.20) (0.66) (1.27) (1.88) (2.66) 28,000 0.25 D/CF D/CF D/CF D/CF…
  9. April 2016 Presentation – Raging River Exploration Inc. – slide 9
    Flat at 40/bbl Yields a 15% Growth Business 15% Growth Model - Flat 40/bbl WTI Includes 24 million per year of Waterflood Capital 2017 & Beyond 30,000 300,000 1.24 1.05 0.60 0.15 (0.39) 28,000 1.45 D/CF D/CF D/CF D/CF D/CF 280,000…
  10. April 2016 Presentation – Raging River Exploration Inc. – slide 10
    Raging River Expands Dominant Viking Position PROVOST KERROBERT Viking Light Oil Resource Play Apache, Spur, Raging River, Rolling Hills Raging River, Whitecap, 6000 Drilled and Licensed HZ wells Rock, Crescent Point 5300 With…
  11. April 2016 Presentation – Raging River Exploration Inc. – slide 11
    RRX Land Evolution Added Total Prospective Year Net Acres Net Acres Net Acres Opening 76,800 76,800 54,400 2012 40,967 117,767 99,200 2013 91,077 208,845 128,000 2014 16,489 225,334 166,400 2015 138,676 364,010 243,840 2016 7,110…
  12. April 2016 Presentation – Raging River Exploration Inc. – slide 12
    RRX Economic Drilling Inventory RRX Risked Remaining Economic Drilling Inventory 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 50 60 70 Based on 0.74 F/X…
  13. April 2016 Presentation – Raging River Exploration Inc. – slide 13
    Innovation What is Next Longer Laterals Technology improvements have allowed longer laterals to now become both technically and potentially economically viable Current cost structure shows long wells to be approximately 30% more…
  14. April 2016 Presentation – Raging River Exploration Inc. – slide 14
    Growing the Business 2016 Budget Budget is flexible in response to oil pricing Balance sheet protection remains paramount Recent equity financing solidifies balance sheet Recent equity financing allows continuous opportunistic…
  15. April 2016 Presentation – Raging River Exploration Inc. – slide 15
    Office For further information 1700, 605-5th Avenue SW Please contact: Calgary, Alberta T2P 3H5 Mr. Neil Roszell, P.Eng. Main: (403) 387-2950 Email: nroszellrrexploration.com Fax: (403) 387-2951 Phone: (403) 767-1250 Website Mr. Jerry…
  16. April 2016 Presentation – Raging River Exploration Inc. – slide 16
    Appendix Information
  17. April 2016 Presentation – Raging River Exploration Inc. – slide 17
    Footnotes Slide 4 1. Estimated as of March 31, 2016. 2. Utilizing price of 9.18/share for RRX on April 6, 2016. 3. Utilizing estimated net well count for 2016 of 185 drills Slides 7-10 1. FX of 0.77 US/Cdn, Differential from WTI to…
  18. April 2016 Presentation – Raging River Exploration Inc. – slide 18
    Management Team and Board of Directors Management Team Neil Roszell, P. Eng. Jason Jaskela, P. Eng. Jerry Sapieha, CA President, CEO & Director VP Production & COO VP Finance & CFO Bruce Beynon, P. Geol. Scott Rideout Jesse Barlow,…
  19. April 2016 Presentation – Raging River Exploration Inc. – slide 19
    RRX Funds Flow vs WTI RRX FFO vs WTI 50 45 40 35 FFO Cdn/boe 30 25 20 15 10 5 0 15 20 25 30 35 40 45 50 55 60 WTI US/bbl 21
  20. April 2016 Presentation – Raging River Exploration Inc. – slide 20
    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 significant shows…
  21. April 2016 Presentation – Raging River Exploration Inc. – slide 21
    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…
  22. April 2016 Presentation – Raging River Exploration Inc. – slide 22
    Waterflood Value 14.00 Recycle Ratio of Waterflood 12.00 Why Waterflood 10.00 Long term value creation Recyle Ratio 8.00 Strong recycle ratios 6.00 Double primary recovery 4.00 Competitive payouts and 2.00 IRRs -…
  23. April 2016 Presentation – Raging River Exploration Inc. – slide 23
    Waterflood Works Gleneath 140 120 100 Oil Rate (bbl/d) 80 60 40 20 0 - 60 120 180 240 300 360 420 480 540 Days On Production RRX 2014 - 2 Wells RRX 2015 - 5 Wells Tier 5 Tier 7 Tier 9 25
  24. April 2016 Presentation – Raging River Exploration Inc. – slide 24
    Independent Engineering per well Booking Structure Crown Royalties Based on 50/bbl WTI pricing, 0.77 F/X (US/CAD), WTI/Ed Light Differential 8% of WTI On-stream Capital of 675,000 per well Well Proved + Proved + Spacing 90 Day…
  25. April 2016 Presentation – Raging River Exploration Inc. – slide 25
    Independent Engineering per well Booking Structure 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 675,000 per well Well Proved + Proved + Spacing 90 Day…
  26. April 2016 Presentation – Raging River Exploration Inc. – slide 26
    Historic Operational Excellence Q4/15 Q3/15 Q2/15 Q1/15 Q4/14 Q3/14 Q2/14 Q1/14 Q4/13 Q3/13 Q2/13 Q1/13 Financial (thousands of dollars except share data) Funds Flow from Operations 40,708 43,630 49,535 33,480 57,704 57,850 56,283…
  27. April 2016 Presentation – Raging River Exploration Inc. – slide 27
    RRX December 31, 2015 Independent Reserves 2015 Year End 2014 Year End Reserves Reserves Oil Gas Total1 BTAX PV FDC FDC Net Net Category 10% Mbbls Mmcf Mboe MMs PUDs MMs PUDs MMs Proved Developed 22,431 12,592 24,530 602 911 (2)…
  28. April 2016 Presentation – Raging River Exploration Inc. – slide 28
    What is current Best half cycle F&D Old PDP P+PP New PDP P+PP Proved + Tier Proved Probable Capital F&D F&D Capital F&D F&D 2 17 20 925 54.41 46.25 725 42.65 36.25 3 20 25 925 46.25 37.00 725 36.25 29.00 4 25 32.5 925 37.00 28.46…

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