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September 2017 Corporate Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Sep 11, 2017 · 28 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 2017 Corporate Presentation – Raging River Exploration Inc. – slide 1
    September 2017
  2. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 2
    Raging River Profile Raging River Exploration RRX.TO Share Price September 6, 2017 6.81 Basic Shares Outstanding (mm) 231.2 Dilutives (mm) 1.5 FD Shares Outstanding (mm) 232.7 Insider Ownership Basic 8.6% Insider Ownership Fully…
  3. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 3
    RRX Production boe/d - 12,000 15,000 18,000 21,000 24,000 3,000 6,000 9,000 2012-01-01 2012-04-01 2012-07-01 2012-10-01 2013-01-01 2013-04-01 2013-07-01 Production bbls/d 2013-10-01 2014-01-01 2014-04-01…
  4. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 4
    Look Back Has the quality of the barrel changed Raging River Quarterly FFO per boe normalized to 50 WTI 33.64 33.31 33.22 32.16 32.31 32.14 31.41 31.31 31.55 31.13 30.44 29.93 29.76 29.08 29.21 29.17 29.41 28.69 26.18…
  5. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 5
    Look Back How have we done Multi Year Prediction for Production per share vs Actual Achieved 120 (e) 100 RRX, on a production per share basis, has outperformed its expectations as presented every Production boepd Per m…
  6. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 6
    Look Back Profitability 2012 2013 2014 2015 2016 2017 YTD Sales Price per boe 76.57 85.02 85.80 50.93 45.34 53.81 BTAX FFO 52.41 57.69 62.11 33.43 28.73 34.10 BTAX FFO Margin 68.4% 67.9% 72.4% 65.6% 63.4% 63.4% DD&A per boe 29.11 26.54…
  7. September 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 0.35 100 120 0 20 40 60 80 Q2/12 Q2/12 Q3/12 Q3/12 Q4/12 Q4/12 Q1/13 Q2/13 Q1/13 Q3/13…
  8. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 8
    Light Oil Growth New Venture Area 225 sections prospective for Duvernay Light Oil; Anticipate first drilling Q4/2017 100% of Raging Rivers Current Producing Assets 8 TSX: RRX
  9. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 9
    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…
  10. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 10
    Raging River All Corporate Wells Statistics Matter 1,550 RRX Wells On-Stream All Wells 70 Indicative Economics 60% Crown 40% Freehold 92% Oil Sproule WTI FX Edm Par Capex EUR1 PV 10 IRR Payout Tier US/bbl Cdn/US /Cdn Per Well mbbls M…
  11. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 11
    Raging River 2018 Waterflood at a Glance KERROBERT Sufficient Capital Deployed in 2016/2017 to assess RRX Land response and technology RRX Land with WF Potential RRX WF PROJECT 2018 will be a monitoring year GLENEATH with 5…
  12. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 12
    Duvernay Emerging Light Oil Play Early stage light oil resource play FOX CREEK RRX has captured 225 net sections (144,000 ac) prospective for Duvernay light WEST SHALE BASIN oil, 55% Crown Moderate drilling depths 2,300 m…
  13. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 13
    Duvernay ESB Emerging Light Oil Play Portion of RRX-Captured Lands Duvernay Well Costs RRX FIRST Delineation Multi-well Development M pad M M DUVERNAY WELL Drilling 1,950 1,850 1,600 Completions 4,550 3,350 2,850 E&T 500 300 300…
  14. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 14
    Duvernay Results 500 450 Recent Artis Well 400 350 Payout of 12 months 300 250 200 Payouts of 20-33 months 150 100 50 0 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 High Model Case Peer…
  15. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 15
    Duvernay Technology is Improving Peer Well Results by Vintage 400 Technology Changes Increased Stages from 20-50 350 Decreased inter frac spacing from 100 m to 50 m Increased Lateral length from 1,200-2,400 m Proppant loading…
  16. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 16
    Duvernay Geo-Technical Comparison RRX Ferrybank Thickness 8-11m Porosity 5-10% (SS) 3% SS Average 8% (SS) OOIP/section 10 MMbbl (8% porosity; 10m; 10% Sw) Total Organic 2% to 7.5% Carbon Maturity Tmax: 434 C to 443 C Ro:…
  17. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 17
    Duvernay Geo-Technical Comparison Vesta Joffre Thickness Upper only 10m to 14.5m Upper and Lower 13m to 20m Porosity 3-10% (SS) Average 7% (SS) OOIP/section Upper :10 MMbbls (7% porosity; 13m; 10% Sw) Upper and Lower: 14 MMbbls…
  18. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 18
    Duvernay Geo-Technical Comparison Artis Trochu Thickness Upper only 9m to 13m Upper and Lower 14m to 18m Porosity 3-9% (SS) Average 4.0% (SS) 3% SS OOIP/section 6.2-8 MMbbl (5% porosity; 10-12 m; 10% Sw) Total Organic Carbon…
  19. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 19
    2017 Guidance 2017 2017 2017 Original Revised May Expected Oil (US WTI) 54.00 50.00 48.95 FX (C/US) 1 0.76 0.73 0.77 Oil ( Cdn Ed Par )1 66.66 62.77 59.39 AECO (C/GJ)1 3.00 2.85 2.34 FFO (/boe)2 37.78 34.50 31.43 Average…
  20. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 20
    2018 Preliminary Look-ahead 2018 2018 2018 Low Mid High Oil (US WTI) 50.00 55.00 60.00 FX (C/US) 1 0.80 0.80 0.80 Oil ( Cdn Ed Par )1 58.13 64.38 70.63 AECO (C/GJ)1 2.36 2.36 2.36 FFO (/boe)2 30.77 36.28 41.80 Average Production…
  21. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 21
    Why Raging River Management Proven execution throughout the commodity cycle Business Model Per share growth is imperative Balance Sheet Strict control and management of balance sheet Sustainability 10 year plus Viking drilling…
  22. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 22
    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…
  23. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 23
    Appendix Information
  24. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 24
    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…
  25. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 25
    Historic Operational Excellence Quarter Q2/17 Q1/17 Q4/16 Q3/16 Q2/16 Q1/16 Q4/15 Q3/15 Q2/15 Q1/15 Financial (thousands of dollars except share data) WTI (US/bbl) 48.27 51.90 49.29 44.94 45.59 33.45 42.18 46.43 57.94 48.63 MSW…
  26. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 26
    Funds Flow Per Share Consistent High Margins Pre Hedging Funds Flow 70 From Operations (CAD/boe) The Viking Barrel is the WTI Pricing US 54.00/bbl, Highest Netback Barrel FX 1.32 CAD/US 60 in Canada 1.07 1.00 1.35 50…
  27. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 27
    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…
  28. September 2017 Corporate Presentation – Raging River Exploration Inc. – slide 28
    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…

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