Company Presentation Q4 2015 Growing E&P company with solid funding in place and focused strategy on production growth AIM: RRL, ASX: RRS Company Presentation Q4 2015 1
Attractive investment proposition The Company is on a solid footing to deliver on its growth plans in 2016 Range is the pre-eminent independent onshore operator in world class petroleum province of Trinidad Largest independent operator…
Growth strategy and funding Strong balance sheet, short-term upside and significant growth potential Growth strategy 1. Production and reserves growth Grow current production in Trinidad (c.600 bopd) to 1,000 bopd by the end of Q1…
Lowest management costs against the peers Team focused on shareholder value Board and management invested in the Company personally 3.50 3.00 Board salaries (USD million pa) 2.50 2.00 1.50 1.00 0.50 -…
2016 production forecast Funded drilling programme Production expected to more than double by the end of 2016 Waterflood to commence in 2H 2016 Production target of 1,000bopd by the end of Q1 2016 Effective…
Trinidad assets overview Building significant E&P player Development drilling Shallow drilling in proven reservoirs with quick development from spud to production Active drilling campaign of over 20 exploration and development wells…
Drilling work programme Access to sizeable drilling fleet with four new drilling rigs Over 20 development wells planned to be drilled over the coming months, with drilling underway (2 wells drilled so far) Production target of 1,000…
Highly prospective exploration: Guayaguayare Shallow PSC Rights to a depth of up to 5,000 ft. Range holds a 65% interest and Petrotrin holds a 35% interest (subject to final approvals) Deep PSC Rights to a depth below 5,000 ft.…
Highly prospective exploration: St Marys The St Marys block comprises 44,731 acres (180 km2) spread over 4 sub- blocks contiguous to Range's Morne Diablo and Guayaguayare licenses Highly prospective acreage with multiple plays, on…
Secondary recovery work programme Largest scale waterflood projects to be undertaken in recent times in Trinidad and will be a major contributor to the Companys production growth Range and LandOcean have been evaluating multiple…
Morne Diablo Shallow Forest waterflood expansion The Company has pilot waterflood in place, which was put together to help gather data and test operational and reservoir parameters to aid in the planning of the larger expansion model…
Beach Marcelle waterflood The Beach Marcelle field waterflood has been split into a number of individual projects, based on the fault blocks within the field Each project has been subjected to subsurface and simulation studies, and…
Production makeup to date Production levels since December 2014 have declined due to natural decline rates Minimal number of new wells were drilled since December 2014. Production kept at approx. 600 bopd level through workovers,…
Actions taken to improve operational performance RRDSL added four brand new rigs to its drilling fleet and have been hiring senior drilling staff to operate it Repairs and upgrades have been completed on the existing two rigs, which…
Summary and outlook Focused on executing the strategy and delivering the plan Summary Active ongoing newsflow campaign Focused strategy and simple plan Deliver production Commencement of drilling of four new rigs and reserves growth…
Capital structure overview Executive Team Share Price* 0.004 / AU 0.009 Yan Liu Chief Executive Officer and Trinidad General Manager Market exchange AIM / ASX Over 18 years of accounting and corporate advisory experience in China and…
Strong strategic partnership with LandOcean Range continues its partnership with LandOcean, an emerging international provider of a wide range of technical and production services In 2014 Range entered into an Integrated Master…
Trinidad reserves and resources (as at 30 June 2015)* Reserves mmbbls 1P 19.4 2P 22.0 3P 27.6 Resources mmbbls 2C 3.2 Prospective 91.3 These estimates do not include highly prospective St Mary's and Guayaguayare licences…
Why is Trinidad & Tobago attractive for independents Trinidad and Tobago is an established oil & gas economy T&T key facts Leading oil & gas producer in the Caribbean (net exporter of oil and gas) Capital Port of Spain Oil & gas…
Trinidad geology and oil prospects Trinidad lies within the Eastern Venezuelan Basin, with the petroleum of Trinidad generated by prolific Upper Cretaceous source rocks, equivalent to the La Luna and Querecual formations in Colombia…
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