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September 2016 Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Sep 15, 2016 · 24 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. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 1
    September 2016
  2. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 2
    Viking Light Oil 100% of Raging Rivers Assets 2 TSX: RRX
  3. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 3
    Raging River Profile Corporate Information Raging River Exploration RRX.TO Basic Shares Outstanding (mm) 230.9 Dilutives ( Average 8.63/share) (mm) 9.7 Trading Snapshot FD Shares Outstanding 240.6 Closing Price September 6, 2016…
  4. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 4
    RRX an Organic Growth Story 20,000 20.00 18,000 18.00 16,000 16.00 RRX Stock Price/WTI Cdn/10 RRX Production boe/d 14,000 14.00 12,000 12.00 10,000 10.00 8,000 8.00 6,000 6.00 4,000 4.00 2,000 2.00 - -…
  5. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 5
    Per Share Matters Production Per Share 450% RRX vs. Cdn Peers & Permian 400% 350% Production Growth Per Share Debt and Dividend Adjusted 300% 250% 200% 150% 100% 50% 2012 2013 2014 2015 2016E 2017E RRX Peer 1…
  6. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 6
    2017 Growth Sensitivity 2017 2017 Strip Upside Oil (US WTI) 48.66 60.00 Edmonton Par (C/bbl)(1) 57.93 71.43 FFO /boe(4) 29.84 41.50 Production boepd (92.5% Oil) 21,700 22,500 Capital (000) 285,000 322,000 FFO (000) 236,000…
  7. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 7
    Building a sustainable model at 45-55/bbl WTI Growth Model - September 6th Strip Pricing Includes 24 million per year of Waterflood Capital 2017 40,000 400,000 36,000 (1.85) 360,000 (1.29) D/CF Average Production boepd (93%…
  8. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 8
    Building a sustainable model at 45-55/bbl WTI Growth Model September 6th Strip Pricing Includes 24 million per year of Water flood Capital 2017 & 2018 ZERO WATERFLOOD RESPONSE 40,000 400,000 36,000 360,000 Average Production boepd…
  9. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 9
    Raging River Expands Dominant Viking Position PROVOST KERROBERT Apache, Spur, Raging River, Rolling Hills Raging River, Whitecap, Crescent Point, NBlizzard HOOSIER PLENTY RRX Land Spur, Raging River Raging River NAL, Teine,…
  10. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 10
    Raging River All Corporate Wells Statistics Matter 1,250 RRX Wells On-Stream Average RRX Well 70% Crown 30% FH (Tier 6) WTI FX WTI-MSW Edm Par Capex EUR PV 10 IRR Payout US/bbl Cdn/US /Cdn /Cdn Per Well mbbls M % Months 35 0.78 3.59…
  11. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 11
    RRX Economic Drilling Inventory RRX Risked Remaining Economic Drilling Inventory Possible Changes to Inventory with Longer Laterals 4500 4000 3500 Tier 2 3000 Tier 3 of Locations 2500 Tier 4 2000 1500 Tier 5+ 1000…
  12. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 12
    Making the Viking More Economic Improved Economics Forgan Long vs Short Comparison Wells PV 10 50 WTI 60 improved from -200 k per well to + 200 k per 50 well Assumes 300 k (45%) incremental cost for 40 longer laterals Oil Rate…
  13. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 13
    Why Raging River Management Proven execution throughout the commodity cycle Business Model Per share growth is imperative Debt and dividend adjusted per share growth of 350% since 2012 37%/yr. average production per share growth…
  14. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 14
    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…
  15. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 15
    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,…
  16. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 16
    Drilling Density Drill Spacing at 16 wells per section OOIP(1) 10MMbbls 16 Tier 5-6 HZ wells will recover 640-800 Mbbls In high OOIP sections (6.4%-8% Recovery) 16 HZ wells per section Reservoir modelling leaves significant shows…
  17. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 17
    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…
  18. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 18
    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 -…
  19. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 19
    Waterflood Works Gleneath 100 90 2016 Wells are tracking 2014/2015 80 wells at 100 mstb+ per well 70 Oil Rate (bbl/d) 60 50 40 30 20 10 0 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000…
  20. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 20
    Pilot Response Examples 24
  21. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 21
    Pilot Response Examples 25
  22. September 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. September 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. September 2016 Investor Presentation – Raging River Exploration Inc. – slide 24
    Historic Operational Excellence Q2/16 Q1/16 Q4/15 Q3/15 Q2/15 Q1/15 Q4/14 Q3/14 Q2/14 Q1/14 Q4/13 Q3/13 Financial (thousands of dollars except share data) Funds Flow from Operations 43,999 29,904 40,708 43,630 49,535 33,480 57,704…

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