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December 2016 Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Dec 30, 2016 · 26 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 2016 Investor Presentation – Raging River Exploration Inc. – slide 1
    December 2016
  2. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 2
    Viking Light Oil 100% of Raging Rivers Assets 2 TSX: RRX
  3. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 3
    RRX an Organic Growth Story 22,000 22.00 20,000 20.00 18,000 18.00 RRX Stock Price/WTI Cdn/10 16,000 16.00 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…
  4. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 4
    Raging River Profile Corporate Information Raging River Exploration RRX.TO Basic Shares Outstanding (mm) 231.1 Dilutives ( Average 9.25/share) (mm) 9.6 Trading Snapshot FD Shares Outstanding 240.7 Closing Price December 13, 2016…
  5. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 5
    Raging River 2017 Guidance Average daily production Crude oil and NGLs (bbls/d) 20,900 Natural gas (mcf/d) 9,600 Barrels of oil equivalent (boe/d) 22,500 Pricing Crude oil - WTI (US/bbl) 54.00 Exchange rate (Cdn/US) 1.32 Natural…
  6. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 6
    Sustainable Growth Model Growth Model December 2016 Strip Pricing Includes 24 million per year of Waterflood Capital (35 million in 2017) 40,000 400,000 (1.63) D/CF 36,000 (1.20) 360,000 (0.79) D/CF Average Production boepd (93%…
  7. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 7
    Sustainable Model Zero Waterflood Response Model Growth Model December 2016 Strip Pricing Includes 24 million per year of Waterflood Capital for 2017 & 2018 40,000 400,000 36,000 360,000 Average Production boepd (93% Oil)…
  8. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 8
    Raging River All Corporate Wells Statistics Matter 1,250 RRX Wells On-Stream All Wells 60 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…
  9. December 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 HOOSIER PLENTY RRX Land Spur, Raging River Raging River NAL, Teine, Husky Viking HZ…
  10. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 10
    RRX Economic Drilling Inventory RRX Risked Remaining Economic Drilling Inventory1 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…
  11. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 11
    ERH 0.75 mile Examples
  12. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 12
    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…
  13. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 13
    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…
  14. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 14
    Appendix Information
  15. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 15
    Footnotes Slide 4 1. Utilizing price of 10.74/share for RRX on December 13, 2016. 2. Debt to cash flow calculated using annualized Q4 cash flow Slides 6,7 1. FX of 0.76 US/Cdn, Differential from WTI to Canadian Light of 8%. 2. WTI…
  16. December 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. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 17
    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…
  18. December 2016 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 2016 Investor Presentation – Raging River Exploration Inc. – slide 19
    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 -…
  20. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 20
    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…
  21. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 21
    Pilot Response Examples 23
  22. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 22
    Pilot Response Examples 24
  23. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 23
    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…
  24. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 24
    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…
  25. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 25
    Historic Operational Excellence Q3/16 Q2/16 Q1/16 Q4/15 Q3/15 Q2/15 Q1/15 Q4/14 Q3/14 Q2/14 Q1/14 Q4/13 Financial (thousands of dollars except share data) Funds Flow from Operations 49,726 43,999 29,904 40,708 43,630 49,535 33,480…
  26. December 2016 Investor Presentation – Raging River Exploration Inc. – slide 26
    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…

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