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January 2017 Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Jan 18, 2017 · 27 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. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 1
    January 2017
  2. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 2
    Viking Light Oil 100% of Raging Rivers Assets 2 TSX: RRX
  3. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 3
    RRX an Organic Growth Story 3
  4. January 2017 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 8.74/share) (mm) 9.6 Trading Snapshot FD Shares Outstanding 240.7 Closing Price December 28, 2016…
  5. January 2017 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. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 6
    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…
  7. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 7
    Raging River All Corporate Wells Statistics Matter 1,300 RRX Wells On-Stream Average RRX Well 70% Crown 30% FH (Tier 6) WTI- WTI FX MSW Edm Par Capex EUR PV 10 IRR Payout US/bbl Cdn/US /Cdn /Cdn Per Well mbbls M % Months 35 0.7463…
  8. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 8
    RRX Economic Drilling Inventory RRX Risked Remaining Economic Drilling Inventory Possible Changes to Inventory with Longer Laterals 4500 Dashed outline represent 4000 inventory expansion through the utilization of longer laterals…
  9. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 9
    ERH (0.75 mile) Results to Date 3/4 Mile Comparison Chart 100 Improved Wells Economics (55 WTI Flat Pricing, Crown) 90 1/2 Mile Lateral 3/4 Mile Lateral Tier 4 Tier 7 80 DCET (M) 650 800 2P Reserves (Mbbls) 32.5 62.5 70 NPV10…
  10. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 10
    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%…
  11. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 11
    Waterflood Works 2016 Wells are tracking 2014/2015 wells at 100 mstb+ per well 11
  12. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 12
    Waterflood Works TSXV:RRX 12
  13. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 13
    Pilot Response Examples 13
  14. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 14
    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…
  15. January 2017 Investor 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. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 16
    Appendix Information
  17. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 17
    Footnotes Slide 4 1. Utilizing price of 10.56/share for RRX on December 28, 2016. 2. Debt to cash flow calculated using annualized Q4 cash flow Slides 10,22 1. FX of 0.76 US/Cdn, Differential from WTI to Canadian Light of 8%. 2.…
  18. January 2017 Investor 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. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 19
    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…
  20. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 20
    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)…
  21. January 2017 Investor 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. January 2017 Investor 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. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 23
    Pilot Response Examples 25
  24. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 24
    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…
  25. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 25
    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…
  26. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 26
    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…
  27. January 2017 Investor Presentation – Raging River Exploration Inc. – slide 27
    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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