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January 2018 Corporate Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Jan 9, 2018 · 37 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 2018 Corporate Presentation – Raging River Exploration Inc. – slide 1
    January 2018
  2. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 2
    Raging River Profile Raging River Exploration RRX.TO Share Price January 5, 2018 7.97 Basic Shares Outstanding (mm) 231.2 ITM Dilutives (mm) 2.0 FD Shares Outstanding (mm) 233.2 Insider Ownership Basic 8.4% Insider Ownership…
  3. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 3
    RRX an Organic Growth Story 16.00 24,000 21,000 14.00 12.00 RRX Stock Price/WTI Cdn/10 18,000 RRX Production boe/d 15,000 10.00 12,000 8.00 9,000 6.00 6,000 4.00 3,000 2.00 - - Production bbls/d…
  4. January 2018 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. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 5
    Raging River 2018 Guidance 2018 average Production (92% oil) (boepd) 24,500 Funds Flow (mm) 328 2018 Capital Expenditures (mm) 335 Funds Flow Per Share basic 1.42 Forecast Year End 2018 Net Debt (mm) 301 Operating Netback (/boe)…
  6. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 6
    2018 Guidance and Capital Allocation 2018 2018 2018 Base Viking Duvernay Total Oil (US WTI) 55.00 55.00 55.00 FX (C/US) 0.78 0.78 0.78 Oil (C MSW) 66.67 66.67 66.67 AECO (C/GJ) 1.65 1.65 1.65 FFO Netback (/boe) 36.76 48.50 36.67…
  7. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 7
    2018 WTI Sensitivities 2018 Guidance Oil Pricing WTI (/bbl US) 50.00 55.00 60.00 65.00 Exchange (C/US) 0.76 0.78 0.80 0.82 Oil Pricing MSW (/bbl Cdn) 61.94 66.67 71.15 75.42 Aeco Pricing (/GJ Cdn) 1.65 1.65 1.65 1.65 AT Funds…
  8. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 8
    Light Oil Growth New Venture Area 380 sections prospective for Duvernay Light Oil Established Viking Light Oil - High Netback, Growth and Cash Flow Platform 8 TSX: RRX
  9. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 9
    Dominant Viking Position PROVOST KERROBERT Karve, Tamarack, Raging River, Raging River, Whitecap Rolling Hills PLENTY RRX Land HOOSIER Raging River NAL, Tamarack, Raging River Teine Viking HZ wells SEDALIA Tamarack,…
  10. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 10
    Raging River Saskatchewan HZ Wells Statistics Matter 1,550 RRX Wells On-Stream Half-cycle Economics 60%Crown 40% Freehold (92% Oil) Pricing: Oil 55/bbl USD (66.67/bbl CAD MSW) 1/2 Mile Lateral ERH Lateral CAPEX per Well (M D,C,E…
  11. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 11
    Extended Reach Horizontals - Forgan Enhancing Returns and Extending the Runway 1 1 3 2 2 3 ERH wells are extending the economic boundaries of our asset base technology is making previous marginal lands economic at…
  12. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 12
    Extended Reach Horizontals - Kerrobert Enhancing Returns and Extending the Runway 1 1 2 2 3 3 ERH wells are extending the economic boundaries of our asset base technology is making previous marginal lands economic at…
  13. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 13
    Raging River Waterflood Projects KERROBERT 1 Strong results - above Tier 9 tracking to EUR100 mstb per well 2 GLENEATH DODSLAND EUREKA 1 Gleneath and Eureka display very strong performance in pressure supported legacy…
  14. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 14
    Duvernay Emerging Light Oil Play Duvernay Company Activity RRX 4-11 DUVERNAY WELL Source: Geoscout and public documents. August Public Domain 39 Light Oil Producers 29 Light Oil Targeted Spuds Exponentially growing…
  15. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 15
    Duvernay Emerging Light Oil Play Early stage, high netback light oil resource play FOX CREEK RRX has captured 380 net sections (243,2000 ac) within the defined Duvernay Oil WEST SHALE BASIN window, 57% Crown Low cost of entry…
  16. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 16
    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…
  17. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 17
    Duvernay Light Oil Historical Results RRX 4-11 48 wells on production in the oil prone portion of the Duvernay play (does not include greater Kaybob). Average production significantly impacted by hours on production (bbls/d)…
  18. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 18
    Duvernay Results to Date Calendar 18 TSX: RRX
  19. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 19
    Duvernay Results by Vintage 48 wells on production in the oil prone portion of the Duvernay play (Does not include greater Kaybob). Average production Calendar significantly impacted by hours on production (reservoir…
  20. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 20
    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 Thickness 8-11m Porosity 5-10% (SS) Average 8%…
  21. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 21
    Duvernay Emerging Light Oil Play Duvernay Well Costs Assumes 1.5 mile lateral Delineation Multi-well Development RRX 4-11 DUVERNAY WELL and 1.5 tonne/m proppant loading M pad M M Drilling 1,950 1,850 1,600 Completions 4,550 3,350…
  22. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 22
    Duvernay Emerging Light Oil Play Knob Hill/Pigeon Lake area Thickness 15-25m Porosity 3-10% (SS) Average 5.5% (SS) OOIP/section 12 20 MMBBL TOC 2% to 6.5% Maturity Tmax: 441 C to 451 C Ro: 0.78% to 0.96% Mineralogy Carbonate…
  23. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 23
    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…
  24. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 24
    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…
  25. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 25
    Disclaimer FORWARD LOOKING STATEMENTS: This presentation contains forward-looking statements. More particularly, this presentation contains statements concerning Raging River's expectations related to potential resources estimates,…
  26. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 26
    Appendix Information
  27. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 27
    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…
  28. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 28
    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…
  29. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 29
    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…
  30. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 30
    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)…
  31. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 31
    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…
  32. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 32
    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…
  33. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 33
    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…
  34. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 34
    Duvernay Geo-Technical Comparison RRX Ferrybank Thickness 8-11m 3% SS Porosity 5-10% (SS) Average 8% (SS) OOIP/section 8 12 MMBBL Total Organic 2% to 7.5% Carbon Maturity Tmax: 434 C to 443 C Ro: 0.65% to 0.81% Mineralogy…
  35. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 35
    Duvernay Geo-Technical Comparison RRX Knob Hill/Pigeon Lake Thickness 15-25m Porosity 3-10% (SS) Average 5.5% (SS) OOIP/section 12 20 MMBBL Total Organic 2% to 6.5% Carbon Maturity Tmax: 441 C to 451 C Ro: 0.78% to 0.96%…
  36. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 36
    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 12 - 20 MMBBL Total Organic Carbon 2% to 7.5% Maturity Tmax: 439 C to…
  37. January 2018 Corporate Presentation – Raging River Exploration Inc. – slide 37
    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 8 14 MMBBL Total Organic Carbon 2.5% to 6.5% Maturity Tmax: 431 C…

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