Investment Highlights WellRounded Management Team with Strong Capital Markets and Operational Experience With more than 300 years of combined operations experience, inhouse abilities to turn inventory into reserves and production…
Corporate Overview Red Mountain Resources, Inc. (RMR) Market data as of close on December 6, 2013 Listing (OTCQB) RDMP Share Price 0.55 Common Shares Outstanding (MM) 133.1 Market Cap (MM) 73.2 Total Debt (MM) 14.8 Preferred…
Company Overview Summary of Combined Properties of RMR, Cross Border, and Bamco FY 2014 Q1 Net Production1 : 911 BOE/D 52% oil Proved Reserves2: 3.5 MMBOE 54% Proved Developed Drilling Inventory: 450 gross (369 net) locations 1…
Summary of Reserves Proved Reserves (as of June 1, 2013) Total PDP PDNP PUD Proved Proved Net Reserves Oil/Condensate (MBBL) 867 149 1,304 2,320 Natural Gas (MMCF) 4,998 322 2,041 7,361 Total (MBOE) 1,700 203 1,644 3,547…
Our History and Production RMR successfully drills and RMR consolidates financials completes Madera 242H with peak of Cross Border and RMR completes reverse merger with 24hour flow rate of 1,144 Bbls and completes private placement…
Capex Plan and Data FY 2014 Capital Expenditure Plan CAPEX Overview Gross Net CAPEX Percent CAPEX plan diversified between horizontal and vertical wells Wells Wells (in millions) Tom Tom Workovers & New Wells 41 34.5 11.0 43%…
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Permian Basin Focus Property Overview 309,000 net acres in West Texas and New Mexico 31,000 net acres classified as Permian Basin Acreage position provides opportunity for reserve adds and production growth with exposure to:…
Madera Prospect Asset Highlights 2,545 gross acres (1,132 net); 6 producing wells and 1 disposal well Two of the deepest horizontal wells drilled in the Brushy Canyon of the Delaware Mountain Group Additional potential well…
Madera Lateral Economics Oil Price Sensitivity WTI Oil Sensitivity Case Assumptions (4,620 Lateral Length) PV10 (M) Payout (yrs) IRR (%) Price (/bbl) High Base Low HIGH CASE 80 6,140 2.0 58% 90 7,746 1.7 79% EUR (Mboe) 549 464 373…
Madera LongLateral Economics Oil Price Sensitivity WTI Oil Sensitivity Case Assumptions (6,930 Lateral Length) PV10 (M) Payout (yrs) IRR (%) Price (/bbl) High Base Low HIGH CASE 80 10,194 1.6 90% 90 12,410 1.4 122% EUR (Mboe) 767…
Significant Exposure to LowRisk San Andres Reserves San Andres Overview The San Andres formation is an oil and gas bearing member of the Upper Permian occurring in the geologic provinces of West Texas and Southeast New Mexico The San…
Tom Tom/Tomahawk Prospect Area Asset Highlights Discovered by Amoco in 1967, has produced more than 3.5MM Bbls since 2000 Prospect provides low risk exposure to oil reserves and has longlived, shallow production from the prolific…
San Andres Area Economics Oil Price Sensitivity Sensitivity Case Assumptions WTI Oil PV10 (M) Payout (yrs) IRR (%) Price (/bbl) High Base Low HIGH CASE 80 1,063 2.0 73% EUR (Mboe) 67 50 32 90 1,327 1.7 94% PV10 (M) 1,327 768 209…
NonOperated New Mexico Operating Partners Within the Area 2nd Bone Spring Wells GlorietaYeso Wells LUSK RED LAKE, HENSHAW, GRAVE DIGGER Well Name Well Type Operator IP Date Oil IP Gas IP Cum Oil Cum Gas WI Well Name Well Type…
Central Kansas Properties Asset Highlights 8,623 gross and net acres 100% working interest; 80+% NRI Target zones: Arbuckle, Lansing Kansas City, Penn, Reagan, and Granite Wash Established and growing acreage position Arbuckle…
Financial Overview 19
Capitalization Table ProForma Payoff of Capitalization as of December 2013 (in thousands) As of Sept. 30, 2013 Convertible Notes Cash 3,709 1,894 ShortTerm Debt Convertible Notes Payable 1,500 LongTerm Debt Borrowing Base…
Financial Strategy Hedges Our Financial Strategies 100.00 Continue to maintain a simple, conservative balance sheet BBls/day 98.00 Recent offerings provide additional liquidity and financial 300.0 95.19 96.00 flexibility 94.00…
Offering Exposure to the Permian at a Discount (EV/Net Acre in the Permian Basin) 35,000 30,000 25,000 EV / Net Acre 20,000 Mean EV/Net Acre of Peer Group: 18,216 15,000 10,000 5,000 1,300 0 PXD ATHL REI…
In Summary Uniquely Potential reserves Strong production Experienced positioned and production profile to execute management and property set with base with development technical team large acreage projected 1,500 plans,…
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Board and Management Team Highly experienced team with 10% equity stake ALAN W. BARKSDALE RANDELL K. FORD DAVID M. HEIKKINEN RICHARD Y. ROBERTS PAUL N. VASSILAKOS Chairman, President, CEO Director Director Director Director 10+ years…
Permian Adjusted Enterprise Value Derivation (In millions) Company Ticker Market Cap Total Debt Cash Enterprise Value Laredo Petroleum Holdings Inc LPI 3,686.7 1,216.8 33.2 4,870.2 Approach Resources Inc AREX 748.8 106.0 0.8 854.1…
PV10 Reconciliation PV10 Reconciliation (in thousands) PV10 67,627 Future income taxes (23,027) Discount of future income taxes at 10% per annum 12,536 Standardized measure 57,136 PV10 is a nonGAAP financial measure as…
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