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June 2017 Corporate Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Jun 22, 2017 · 29 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. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 1
    June 2017
  2. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 2
    Light Oil Growth New Venture Area 155 sections prospective for Duvernay Light Oil; Anticipate first drilling Q4/2017 100% of Raging Rivers Current Producing Assets 2 TSX: RRX
  3. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 3
    Duvernay Emerging Light Oil Early stage light oil resource play FOX CREEK RRX has captured 100,000 acres prospective for Duvernay light oil Moderate drilling depths < 3,000 m tvd. Significant resource potential EDMONTON…
  4. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 4
    Raging River Profile Raging River Exploration RRX.TO Share Price May 30, 2017 8.01 Basic Shares Outstanding (mm) 231.1 Dilutives (mm) 1.0 FD Shares Outstanding (mm) 232.1 Insider Ownership Basic 8.6% Insider Ownership Fully…
  5. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 5
    2017 WTI Sensitivities 2017 2017 2017 Oil (US WTI) 45.00 50.00 55.00 FX (C/US) 0.73 0.73 0.73 Oil ( Cdn Ed Par ) 57.71 64.58 71.45 AECO (C/GJ) 2.75 2.75 2.75 FFO (/boe) 30.69 36.58 42.46 Average Production 22,750 22,750 22,750…
  6. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 6
    RRX Production boe/d - 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 4,000 2,000 6,000 8,000 2012-07-01 2012-10-01 2013-01-01 2013-04-01 2013-07-01 2013-10-01 2014-01-01 2014-04-01 Production…
  7. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 7
    Funds Flow per share (/mm basic shares) Producion per share (boe/mm basic shares) - 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0 20 40 60 80 100 120 Q2/12 Q2/12 Q3/12 Q3/12 Q4/12 Q4/12 Q1/13 Q1/13 Q2/13 Q2/13 Q3/13…
  8. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 8
    Dominant Viking Position PROVOST KERROBERT Apache, Tamarack, Raging Raging River, Whitecap, River, Rolling Hills Crescent Point HOOSIER PLENTY RRX Land Spur, Raging River Raging River NAL, Teine Viking HZ wells SEDALIA…
  9. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 9
    Sustainable Growth Model Viking Only Sustainability at 50 WTI 44,000 440,000 190 MM Capex required to maintain 2018 production at 22,750 boe/d 40,000 Represents 66% of Cash Flow (1.86) 400,000 (190MM Capex vs 291MM CF) (1.40) D/CF…
  10. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 10
    Raging River All Corporate Wells Statistics Matter 1,400 RRX Wells On-Stream All Wells 100 Average RRX WellNormalized 70% Crown 30% Start Day: FirstFH Oil (Tier 6) WTI- Normalization Variable: Off = 90 WTI FX MSW Edm Par Capex EUR…
  11. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 11
    ERH Results to Date ERH versus Offsets 100 Improved Wells Economics Normalized Start Day: First Oil 90 (55 WTI Flat Pricing, Crown) Normalization Variable: Off = 1/2 Mile Lateral 3/4 Mile Lateral 80 Tier 4 Tier 7 DCET (M) 650…
  12. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 12
    Improved Economics with ERH Development Average Greater Dodsland section OOIP 10MMbbls Drill Spacing at 22 wells per section ( 155 m inter-well spacing) Average Greater Dodsland Historical Short Lateral Development section OOIP…
  13. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 13
    RRX Economic Drilling Inventory 55 /bbl WTI Flat Pricing Historical Short New ERH Lateral Development Development 22 wells/section 13 wells/section 13
  14. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 14
    Raging River Waterflood Projects The greater Dodslands area has over 50 years of KERROBERT waterflood history RRX Land RRX Land with Legacy waterflood Projects WF Potential RRX WF PROJECT such as Gleneath serve as GLENEATH…
  15. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 15
    Waterflood 1 in Gives 10 back WF Works 10% Incremental Recovery Factor 250 18,000 Reserves 75,393 mbbls Capital 331 million 16,000 Cum Cashflow 3,451 million 200 Recycle Ratio 10.4 14,000 F&D 4.40 /bbl IRR 38% FCF Year 2021…
  16. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 16
    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 Balance Sheet Strict control and management…
  17. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 17
    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…
  18. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 18
    Appendix Information
  19. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 19
    Management Team and Board of Directors Management Team Neil Roszell, P. Eng. Bruce Beynon, P. Geol. Jason Jaskela, P. Eng. CEO & Exec Chairman President VP Production & COO Jerry Sapieha, CA. Scott Rideout Jesse Barlow, P. Eng. VP…
  20. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 20
    Funds Flow Per Share Consistent High Margins Pre Hedging Funds Flow From Operations (CAD/boe) Pre Hedging Funds Flow 70 70 70 From Operations (CAD/boe) The Viking Barrel is the WTI Pricing US 54.00/bbl, Highest Netback Barrel FX…
  21. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 21
    Historic Operational Excellence Quarter Q1/17 Q4/16 Q3/16 Q2/16 Q1/16 Q4/15 Q3/15 Q2/15 Q1/15 Q4/14 Q3/14 Q2/14 Q1/14 Financial (thousands of dollars except share data) WTI (US/bbl) 51.90 49.29 44.94 45.59 33.45 42.18 46.43 57.94 48.63…
  22. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 22
    RRX Economic Drilling Inventory 55 /bbl WTI Flat Pricing Remaining Risked Drilling Remaining Risked Drilling Inventory Inventory (Dec. 31,2016) ERH Optimized (Management Mar. 1,2017) 301 676 702 1,037 142 407 1,743 1,745…
  23. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 23
    Waterflood Works North Eureka 100 90 80 70 60 Oil Rate (bbl/d) 50 40 30 20 10 0 - 60 120 180 240 300 360 Days On Production 2016/1/1 - 2016/12/31 (3) Dods 3 (25mbbl) Dods 4 (32.5mbbl) Dods 5…
  24. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 24
    Waterflood Works Gleneath Legacy WF Gleneath Waterflood Area Waterflood Initiated 1966 OOIP 155 mm bbls Current Recovery 15% Ultimate Recovery 24% Massive drop in GOR and original producers have more than doubled primary production…
  25. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 25
    Waterflood A Long Term Strategy Dodsland Typical One Section Waterflood - Predicted Response 22 Wells Per Section 1 Mile 10 wells converted to injectors Modeled 90 sections of WF implementation (160 prospective) 1,400 Implement 6…
  26. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 26
    Pilot Response Examples 28
  27. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 27
    Pilot Response Examples 29
  28. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 28
    RRX December 31, 2016 Reserve Summary December 31, 2016 December 31, 2015 Natural YOY Reserve Category Oil (1) Gas Total(2) Growth Total(2) YOY Change % per (Mbbls) (Mmcf) (Mboe) share (Mboe) (%) PDP 30,495 14,980 32,991 24% 24,530…
  29. June 2017 Corporate Presentation – Raging River Exploration Inc. – slide 29
    Raging River December 31, 2016 Net Asset Value Sproule - December 31, 2016 Pricing December 31, 2016 Reserves BTAX NPV 5% NPV 10% (000's) /shares(5) (000's) /shares(5) Proved plus probable reserves NPV (1,2) 2,548,372 10.64…

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