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Oilbarrel Conference – Range Energy Resources, Inc.

Range Energy Resources, Inc. · Jul 2, 2014 · 15 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. Oilbarrel Conference – Range Energy Resources, Inc. – slide 1
    A New Beginning Oilbarrel Conference 2 July 2014
  2. Oilbarrel Conference – Range Energy Resources, Inc. – slide 2
    Highlights Three oil producing assets and largest onshore acreage holder in Trinidad Solid reserves base Solid reserve base, certified 1P of 19.0 mmbo in well-known, easy-to-access reservoirs in Trinidad In-house drilling and services…
  3. Oilbarrel Conference – Range Energy Resources, Inc. – slide 3
    Strong Management Team Rory Scott Russell CEO, Executive Director Over 10 years of international upstream oil & gas experience Held senior positions with Shell across Europe and Russia; was finance manager for Europe and Russia…
  4. Oilbarrel Conference – Range Energy Resources, Inc. – slide 4
    Experienced Board Sir Sam Jonah Non-Executive Chairman Director of numerous public and private companies including Vodafone Group PLC Ex CEO and Chairman of Anglo Ashanti Gold first African led business to list in NY Adviser to three…
  5. Oilbarrel Conference – Range Energy Resources, Inc. – slide 5
    The Strategy Grow Production, Selective Exploration 6
  6. Oilbarrel Conference – Range Energy Resources, Inc. – slide 6
    Trinidad Reserves Overview Summary of Trinidad reserves* 1P 2P 3P Summary of 1P reserves* (mmbo) 20.0 19.0 Morne Diablo 4.6 7.0 12.5 18.0 16.0 South Quarry 0.6 1.0 1.3 Reserves mmbo 14.0 Beach Marcelle 13.9 14.0 14.4 12.0 13.9…
  7. Oilbarrel Conference – Range Energy Resources, Inc. – slide 7
    Drilling Fleet Fully-owned drilling and oil services subsidiary 12 rigs (six drilling rigs and six workover units) available Provides full oilfield operations of the three producing assets in Trinidad, including operation of field…
  8. Oilbarrel Conference – Range Energy Resources, Inc. – slide 8
    Strong Strategic Partner - LandOcean LandOcean Energy Services International oil & gas services provider listed in Shenzhen, China (Market Cap c.US 1.3 billion) LandOcean are a capable and technically sophisticated preferred services…
  9. Oilbarrel Conference – Range Energy Resources, Inc. – slide 9
    Range in Trinidad Core producing assets with identified upside Asset locations in Trinidad In 2011, Range acquired 100% interest in three operated onshore production licenses and a fully operational drilling and oil services company…
  10. Oilbarrel Conference – Range Energy Resources, Inc. – slide 10
    Production Growth Driven by Drilling and Waterflood Low-risk development drilling programme c.175 wells to be drilled through 2017 on three core producing blocks Low risk, shallow oil drilling with quick development from spud to…
  11. Oilbarrel Conference – Range Energy Resources, Inc. – slide 11
    The Turn Around Continues: Feb - May New Management in Place New senior management and strengthened operational team Focused Strategy Three projects in Trinidad 1. Development drilling in Morne Diablo and South Quarry 2.…
  12. Oilbarrel Conference – Range Energy Resources, Inc. – slide 12
    The Turn Around Continues: May - June Corporate debt repaid Expensive, dilutive debt removed New equity investor - bought in at a premium Updated Reserves Report 9% increase to P2 resources in Trinidad Encouraging operational…
  13. Oilbarrel Conference – Range Energy Resources, Inc. – slide 13
    2014 Company Targets Operational Double production - safely and responsibly Positive operating cash flow Drill two exploration wells Financial Long term finance for Trinidad operations Continue to reduce corporate overheads…
  14. Oilbarrel Conference – Range Energy Resources, Inc. – slide 14
    Q&A 15
  15. Oilbarrel Conference – Range Energy Resources, Inc. – slide 15
    Contact Information Buchanan Financial PR (UK) Email: rangeresourcesbuchanan.uk.com Range Resources Limited Email: adminrangeresources.co.uk www.rangeresources.co.uk 16

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