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November Corporate Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Nov 27, 2017 · 36 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. November Corporate Presentation – Raging River Exploration Inc. – slide 1
    November 2017
  2. November Corporate Presentation – Raging River Exploration Inc. – slide 2
    Raging River Profile Raging River Exploration RRX.TO Share Price November 7, 2017 8.49 Basic Shares Outstanding (mm) 231.2 Dilutives (mm) 3.3 FD Shares Outstanding (mm) 234.5 Insider Ownership Basic 8.6% Insider Ownership Fully…
  3. November Corporate Presentation – Raging River Exploration Inc. – slide 3
    RRX Production boe/d - 3,000 6,000 9,000 12,000 15,000 18,000 21,000 24,000 2012-01-01 2012-04-01 2012-07-01 2012-10-01 Production bbls/d 2013-01-01 2013-04-01 2013-07-01 2013-10-01 2014-01-01…
  4. November Corporate Presentation – Raging River Exploration Inc. – slide 4
    Funds Flow per share (/mm basic shares) - Production 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 Q3/12 Q2/12 Q4/12 Q3/12 Q1/13 Q4/12 Q2/13 Q3/13…
  5. November Corporate Presentation – Raging River Exploration Inc. – slide 5
    Light Oil Growth New Venture Area 370 sections prospective for Duvernay Light Oil Established Viking Light Oil - High Netback, Growth and Cash Flow Platform 5 TSX: RRX
  6. November Corporate Presentation – Raging River Exploration Inc. – slide 6
    Dominant Viking Position PROVOST KERROBERT Karve, Tamarack, Raging Raging River, Whitecap River, Rolling Hills HOOSIER PLENTY RRX Land Tamarack, Raging River Raging River NAL, Teine Viking HZ wells SEDALIA Tamarack, Raging…
  7. November Corporate Presentation – Raging River Exploration Inc. – slide 7
    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…
  8. November Corporate Presentation – Raging River Exploration Inc. – slide 8
    Duvernay Emerging Light Oil Play Early stage light oil resource play FOX CREEK RRX has captured 370 net sections (236,800 ac) within the defined Duvernay Oil WEST SHALE BASIN window, 57% Crown Low cost of entry Moderate…
  9. November Corporate Presentation – Raging River Exploration Inc. – slide 9
    Duvernay Emerging Light Oil Play RRX 4-11 DUVERNAY WELL Source: Geoscout and public documents. August Public Domain 39 Light Oil Producers 29 Light Oil Targeted Spuds Exponentially growing production 9 TSX: RRX
  10. November Corporate Presentation – Raging River Exploration Inc. – slide 10
    Duvernay Emerging Light Oil Play Duvernay Well Costs RRX 4-11 DUVERNAY WELL Assumes 1.5 mile lateral Delineation Multi-well Development and 1.5 tonne/m proppant loading M pad M M Drilling 1,950 1,850 1,600 Completions 4,550 3,350…
  11. November Corporate Presentation – Raging River Exploration Inc. – slide 11
    Duvernay Results Payout of 12 months Oil rate (bbls/d) Payouts of 20-33 months Assumes 5,500 M well costs 55 WTI Flat Pricing Cumulative Oil (bbls) 11 TSX: RRX
  12. November Corporate Presentation – Raging River Exploration Inc. – slide 12
    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…
  13. November Corporate Presentation – Raging River Exploration Inc. – slide 13
    Duvernay Emerging Light Oil Play Ferrybank Area RRX 4-11 DUVERNAY WELL 3% SS IP: 177 bbl/d IP: 146 bbl/d IP: 202 bbl/d IP: 173 bbl/d IP: 455 bbl/d IP: 414 bbl/d RRX Successfully drilled the 4-11 Horizontal well…
  14. November Corporate Presentation – Raging River Exploration Inc. – slide 14
    Duvernay Emerging Light Oil Play Knob Hill/Pigeon Lake area Thickness 15-25m Porosity 3-10% (SS) Average 5.5% (SS) OOIP/sectio 13.7 MMbbl n (5.5% porosity; 20m; 10% Sw) TOC 2% to 6.5% Maturity Tmax: 441 C to 451 C Ro: 0.78%…
  15. November Corporate Presentation – Raging River Exploration Inc. – slide 15
    2017 Guidance 2017 2017 2017 Revised Original Revised May November Oil (US WTI) 54.00 50.00 50.98 FX (C/US) 1 0.76 0.73 0.77 Oil ( Cdn Ed Par )1 66.66 62.77 68.87 AECO (C/GJ)1 3.00 2.85 2.19 FFO (/boe)2 37.78 34.50 33.84 Average…
  16. November Corporate Presentation – Raging River Exploration Inc. – slide 16
    2018 Preliminary Look-ahead 2018 2018 2018 Base Viking Duvernay Total Oil (US WTI) 55.00 55.00 55.00 FX (C/US) 1 0.78 0.78 0.78 Oil ( Cdn Ed Par )1 66.32 66.32 66.32 AECO (C/GJ)1 2.10 2.10 2.10 FFO (/boe)2 37.52 43.40 37.64…
  17. November Corporate Presentation – Raging River Exploration Inc. – slide 17
    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…
  18. November Corporate Presentation – Raging River Exploration Inc. – slide 18
    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…
  19. November Corporate Presentation – Raging River Exploration Inc. – slide 19
    Disclaimer FORWARD LOOKING STATEMENTS: This presentation contains forward-looking statements. More particularly, this presentation contains statements concerning Raging River's expectations to drill its first evaluation well into the…
  20. November Corporate Presentation – Raging River Exploration Inc. – slide 20
    Appendix Information
  21. November Corporate Presentation – Raging River Exploration Inc. – slide 21
    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…
  22. November Corporate Presentation – Raging River Exploration Inc. – slide 22
    Historic Operational Excellence Quarter Q3/17 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) 48.21 48.27 51.90 49.29 44.94 45.59 33.45 42.18 46.43 57.94…
  23. November Corporate Presentation – Raging River Exploration Inc. – slide 23
    Funds Flow Per Share Consistent High Margins Pre Hedging Funds Flow From Operations (CAD/boe) 70 70 The Viking Barrel is the Highest Netback Barrel 60 in Canada 60 50 50 Reference Price WTI US/bbl Realized CAD/boe…
  24. November Corporate Presentation – Raging River Exploration Inc. – slide 24
    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…
  25. November Corporate Presentation – Raging River Exploration Inc. – slide 25
    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…
  26. November Corporate Presentation – Raging River Exploration Inc. – slide 26
    Look Back Profitability 2012 2013 2014 2015 2016 2017 YTD Sales Price per boe 76.57 85.02 85.80 50.93 45.34 52.07 BTAX FFO 52.41 57.69 62.11 33.43 28.73 32.49 BTAX FFO Margin 68.4% 67.9% 72.4% 65.6% 63.4% 62.4% DD&A per boe 29.11 26.54…
  27. November Corporate Presentation – Raging River Exploration Inc. – slide 27
    Evolution of the Viking Well Design 1,600 32 2017 Cost Structure Cost (M) 1/2 Mile 3/4 Mile 1 Mile 1,400 Drill 235 290 335 28 Complete 310 385 510 Equip 125 125 125 Total 670 800 970 1,200 24 Cost (M) and Well Length (m)…
  28. November Corporate Presentation – Raging River Exploration Inc. – slide 28
    Evolution of the Viking Well Design 120,000 1,800 2017 Cost Structure Completion Detail Cost (M) 1/2 Mile 3/4 Mile 1 Mile Metric 1/2 Mile 3/4 Mile 1 Mile Drill 235 290 335 Stages 18 25 - 30 35 - 40 1,600 Complete 310 385 510…
  29. November Corporate Presentation – Raging River Exploration Inc. – slide 29
    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…
  30. November Corporate Presentation – Raging River Exploration Inc. – slide 30
    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…
  31. November Corporate Presentation – Raging River Exploration Inc. – slide 31
    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…
  32. November Corporate Presentation – Raging River Exploration Inc. – slide 32
    New Horizontals in Mature Waterfloods 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 - 2 Wells 2017 - 6 Wells Dods 5 (40mbbl) Dods 6…
  33. November Corporate Presentation – Raging River Exploration Inc. – slide 33
    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:…
  34. November Corporate Presentation – Raging River Exploration Inc. – slide 34
    Duvernay Geo-Technical Comparison RRX Knob Hill/Pigeon Lake Thickness 15-25m Porosity 3-10% (SS) Average 5.5% (SS) OOIP/section 13.7 MMbbl (5.5% porosity; 20m; 10% Sw) Total Organic 2% to 6.5% Carbon Maturity Tmax: 441 C to…
  35. November Corporate Presentation – Raging River Exploration Inc. – slide 35
    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…
  36. November Corporate Presentation – Raging River Exploration Inc. – slide 36
    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…

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