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May 2016 Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · May 9, 2016 · 25 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. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 1
    May 2016
  2. May 2016 Investor 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. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 3
    Viking Light Oil 100% of Raging Rivers Assets 3 TSX: RRX
  4. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 4
    Raging River Profile TSX Listed RRX Basic Shares 226.2 million(1) Dilutive Securities (strike at 8.40/share) 9.6 million(1) Fully Diluted Shares 235.8 million Insider Ownership 9.3% basic Insider Ownership 13.0% fully diluted…
  5. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 5
    Raging River All Corporate Wells Statistics Matter 906 RRX Wells On-Stream All Wells 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 %…
  6. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 6
    2016 Increased Guidance January Current Guidance Guidance Oil (US WTI) 33.75 42.40 Edmonton Par (C/bbl)(1) 42.61 49.80 FFO /boe(3) 19.10 26.40 Capital 155,000 175,000 Waterflood 3,000 7,000 Development 146,000 162,000 Land et al…
  7. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 7
    2017 Growth Sensitivity 2017 2017 2017 Oil (US WTI) 45.00 50.00 60.00 Edmonton Par (C/bbl)(1) 52.66 58.50 70.21 FFO /boe(3) 27.80 32.75 41.50 Oil bbls/d 17,800 17,800 18,600 Gas mcfd 8,500 8,500 8,800 Production boepd 19,200…
  8. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 8
    15% Growth to Significant Free Cashflow Waterflood Model 15% Growth Model - May 4th Strip Pricing Includes 24 million per year of Waterflood Capital 2017 & Beyond 30,000 1,050 Remaining Locations after 2025 300,000 (0.29) (0.72)…
  9. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 9
    15% Growth to Significant Free Cashflow No Waterflood Model 15% Growth Model - May 4th Strip Pricing No Waterflood Model 650 Wells Remaining after 2025 30,000 300,000 28,000 280,000 (0.28) (0.71) (1.10) (1.61) (2.16) 26,000 D/CF…
  10. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 10
    Flat at 45/bbl Yields a 15% Growth Free Cash Flow Buisness 15% Growth Model - May 4th Strip Pricing Includes 24 million per year of Waterflood Capital 2017 & Beyond 30,000 300,000 0.32 0.04 (0.46) (0.95) (1.59) 28,000 0.66 D/CF D/CF…
  11. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 11
    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…
  12. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 12
    RRX Economic Drilling Inventory RRX Risked Remaining Economic Drilling Inventory 4500 4000 3500 Tier 2 3000 Tier 3 of Locations 2500 Tier 4 2000 1500 Tier 5+ 1000 500 0 45 50 60 70 Based on 0.78 F/X (US/CAD),…
  13. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 13
    What is Next Longer Laterals Technology improvements have allowed longer laterals to now become both technically and potentially economically viable Expected cost structure shows long wells to be approximately 30-50% more costly than…
  14. May 2016 Investor 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. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 15
    Footnotes Slide 4 1. Estimated as of May 1, 2016. 2. Utilizing price of 9.70/share for RRX on May 5, 2016. 3. Utilizing estimated net well count for 2016 of 220 drills Slides 7-10 1. FX of 0.78 US/Cdn, Differential from WTI to…
  16. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 16
    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,…
  17. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 17
    RRX Funds Flow vs WTI RRX FFO vs WTI FX of 0.78 (US/CAD) Ed light Differential of 8% 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
  18. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 18
    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…
  19. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 19
    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…
  20. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 20
    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 -…
  21. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 21
    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 25 RRX 2014 - 2 Wells RRX 2015 - 5 Wells Tier 5 Tier 7 Tier 9
  22. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 22
    Independent Engineering per well Booking Structure Crown Royalties Based on 50/bbl WTI pricing, 0.78 F/X (US/CAD), WTI/Ed Light Differential 8% of WTI On-stream Capital of 650,000 per well Well Proved + Proved + Spacing 90 Day…
  23. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 23
    Independent Engineering per well Booking Structure Freehold Royalties Based on 50/bbl WTI pricing, 0.78 F/X (US/CAD), WTI/Ed Light Differential 8% of WTI On-stream Capital of 650,000 per well Well Proved + Proved + Spacing 90 Day…
  24. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 24
    Historic Operational Excellence Q1/16 Q4/15 Q3/15 Q2/15 Q1/15 Q4/14 Q3/14 Q2/14 Q1/14 Q4/13 Q3/13 Q2/13 Financial (thousands of dollars except share data) Funds Flow from Operations 29,904 40,708 43,630 49,535 33,480 57,704 57,850…
  25. May 2016 Investor Presentation – Raging River Exploration Inc. – slide 25
    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)…

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