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Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Oct 1, 2014 · 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. Investor Presentation – Raging River Exploration Inc. – slide 1
    October 2014
  2. Investor Presentation – Raging River Exploration Inc. – slide 2
    Raging River Profile TSX Listed RRX Basic Shares 180.2 million Dilutive Securities (strike at 4.42/share) 15.4 million Fully Diluted Shares 195.7 million Insider Ownership 14.0% Basic Insider Ownership 20.7% Fully Diluted Market…
  3. Investor Presentation – Raging River Exploration Inc. – slide 3
    Guidance 2014 Increased Guidance Average Production (95% oil) (boepd) 10,500 Exit Production (95% oil) (boepd) 12,500 Funds Flow (000's) 220,000 Capital Expenditures (000s) 260,000 Year End 2014 Net Debt (000's) 135,000 Corporate…
  4. Investor Presentation – Raging River Exploration Inc. – slide 4
    RRX an Organic Growth Story 12,000 12.00 11,000 11.00 10,000 10.00 9,000 9.00 RRX Production bbls/d 8,000 8.00 RRX Stock Price 7,000 7.00 6,000 6.00 5,000 5.00 4,000 4.00 3,000 3.00 2,000 2.00 1,000 1.00 -…
  5. Investor Presentation – Raging River Exploration Inc. – slide 5
    Continuous per share Growth 5
  6. Investor Presentation – Raging River Exploration Inc. – slide 6
    SW Saskatchewan Viking Light Oil 100% of Raging Rivers Assets 6 TSX: RRX
  7. Investor Presentation – Raging River Exploration Inc. – slide 7
    Raging River Lands KERROBERT Raging River, Beaumont, Rock, Polar Star PLENTY RRX Land NAL, Teine, Husky Farm-in Land 1 DODSL AND DODSL 0 2173 03AND 1 1 1 DODSL AND DODSL 21 0402 1 3 AND 5 DODSL…
  8. Investor Presentation – Raging River Exploration Inc. – slide 8
    Statistical and Efficient Play RRX All Wells All Areas 70 WTI FX WTI/Cdn Diff MSW PV 10 ROR US/bbl Cdn/US /bbl MSW - WTI /bb M % 60 60.75 0.90 67.50 7.50 60.00 337 33 69.75 0.90 77.50 7.50 70.00 584 55 50 78.75 0.90 87.50 7.50…
  9. Investor Presentation – Raging River Exploration Inc. – slide 9
    De-risking the Land Base Net Tested Net Untested Net Net Drilled Area Sections Sections Sections Hz Wells Crown FH Greater Dodsland 144 96 48 227 82% 18% Greater Lucky Hills 45 35 10 140 73% 27% Plato 72 28 44 72 42% 58% Total RRX* 260…
  10. Investor Presentation – Raging River Exploration Inc. – slide 10
    RRX Remaining Risked Drilling Locations 2,500 2,250 400 TIER 3 2,000 400 TIER 4 1,750 OF LOCATIONS 1,500 1,250 700 TIER 5 1,000 750 500 950 TIER 6+ 250 - 55 75 85 105 OIL PRICE /BBL TO ACHIEVE A…
  11. Investor Presentation – Raging River Exploration Inc. – slide 11
    Multi Year Growth Plan With Existing Risked Inventory 20,000 Balance Sheet Strength Allows: Growth of 20-25% per year with lower oil price 400 18,000 75 WTI D/CF increases to 0.9X Wells 85 WTI D/CF increases to 0.6X D/CF 16,000…
  12. Investor Presentation – Raging River Exploration Inc. – slide 12
    Sustainability RRX Sustainability - Free Cash Flow at 70/bbl 300,000 250,000 200,000 M's 150,000 100,000 50,000 - 70 75 80 85 90 95 100 WTI US/bbl Sustaining Capex Atax Corp Cashflow Free Cash Flow 12…
  13. Investor Presentation – Raging River Exploration Inc. – slide 13
    Growth Per Share at Low Oil Price Spending only 100% of Cashflow RRX Per Share Growth at Various Oil Price Levels 60.00 30% Per Share Production Growth Rate 50.00 25% Atax Netback /boe 40.00 20% 30.00 15% 20.00…
  14. Investor Presentation – Raging River Exploration Inc. – slide 14
    Technology Improvements 15 Stage vs 18 Stage 70 First long term trials in areas with low GOR 60 Improvements suggest a long term improvement of two Tiers (PV increase of 500 M for 50 M capital 50 outlay) Results in high GOR areas…
  15. Investor Presentation – Raging River Exploration Inc. – slide 15
    Viking Increasing Recovery Factor Dodsland Recovery Potential per section (10 mmstb OOIP) Incremental Incremental Total Producing Well Recovery Oil Total Oil Recovery F&D wells Type Method Mstb Mstb Factor /bbl 16 Horizontal Primary…
  16. Investor Presentation – Raging River Exploration Inc. – slide 16
    Waterflood Implementation Dodsland 3 horizontal injectors on line in Q4 2014, 3 separate areas Plato 12 vertical injector conversions in Q4 2014 2 horizontal producers drilled 1 D OD SL AN D 1 DO DS LA ND 1 D OD SL AN D 4…
  17. Investor Presentation – Raging River Exploration Inc. – slide 17
    Increased Drilling Density Should Work Average RRX section 10 MMbbl OOIP OOIP 10 MMbbls 16 Tier 6 HZ wells will recover 720 Mbbls (7.2% In High OOIP Sections Recovery) 16 HZ wells per section Reservoir modelling Leaves significant…
  18. Investor Presentation – Raging River Exploration Inc. – slide 18
    Greater Dodsland Area Gleneath and Eagle Lake 15 Net Sections East 21 Net Sections 1 DODS LA ND DODS LA ND 20160331 2 D ODSLAN D 20160331 DODS LA ND Main 12 Net Sections 1 D OD SLAND ODSLAN D…
  19. Investor Presentation – Raging River Exploration Inc. – slide 19
    Beadle Area Well Performance Beadle 60 50 40 Oil Rate (bbl/d) 30 20 10 0 - 60 120 180 240 300 360 Days On Production 5 Original Beadle Wells 2012/13 - 30 Wells 2014 - 55 Wells Tier 4 Tier 5 Tier 6 19
  20. Investor Presentation – Raging River Exploration Inc. – slide 20
    Dodsland Main Dodsland Main 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 420 480 540 600 660 720 Days On Production 2010/11 - 21 Wells RRX 2012/13 - 65 Wells RRX 2014 - 18 Wells Tier 5 Tier…
  21. Investor Presentation – Raging River Exploration Inc. – slide 21
    Dodsland East East Dodsland 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 Days On Production Q4 2012 - 7 Wells 2013 - 22 Wells 2014 -11 Wells Tier 4 Tier 5 Tier 6 21
  22. Investor Presentation – Raging River Exploration Inc. – slide 22
    Lucky/Whiteside Area RRX Land Farm-in Land Viking HZ wells RRX Q3 2014 RRX Q2 2014 TSX:RRX 22
  23. Investor Presentation – Raging River Exploration Inc. – slide 23
    Lucky Hills Lucky Hills 180 160 140 120 Oil Rate (bbl/d) 100 80 60 40 20 0 - 60 120 180 240 300 360 Days On Production 2010/2011 - 11 Wells 2012/13 - 77 Wells 2014-24 Wells Tier 6 Tier 8 Tier 10 23
  24. Investor Presentation – Raging River Exploration Inc. – slide 24
    Whiteside Whiteside 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 420 480 540 Days On Production 2011/12-16 Wells 2013 - 8 Drills Tier 5 Tier 6 Tier 7 24
  25. Investor Presentation – Raging River Exploration Inc. – slide 25
    Kerrobert 1 DODSLAND DODSLAND 20 161001 RRX Land Farm-in Land Viking HZ wells RRX Q3 2014 RRX Q2 2014 25 TSX: RRX
  26. Investor Presentation – Raging River Exploration Inc. – slide 26
    Kerrobert Well Performance Kerrobert 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 Days On Production 2012/13 -41 Wells 2014 - 14 Wells Tier 5 Tier 6 Tier 7 26
  27. Investor Presentation – Raging River Exploration Inc. – slide 27
    Plato & Forgan 72 net sections 28 sections tested to date Plato 1 EL ROSE EL ROSE 2 017 033 1 1 EL ROSE EL ROSE 2017 03 31 1 2 1 2 1 1 EL ROSE ELRO SE PLATO PLAT O ELROSE EL ROSE PLATO PLAT O 2 016 033 1 20…
  28. Investor Presentation – Raging River Exploration Inc. – slide 28
    Plato Area Well Performance Plato 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 30 60 90 120 150 180 210 240 270 300 330 360 Days On Production 2012/13 - 45 Wells 2014 - 28 wells Tier 6 Tier 8 Tier 10 28
  29. Investor Presentation – Raging River Exploration Inc. – slide 29
    Forgan Area Well Performance Forgan 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 60 120 180 240 300 360 Days On Production Forgan 2014 Q1 - 23 Wells Tier 5 Tier 6 Tier 7 29
  30. Investor Presentation – Raging River Exploration Inc. – slide 30
    Raging River Summary RRX currently 12,000 12.00 controls 260 net 11,000 11.00 sections of oil prone 10,000 10.00 Viking lands 9,000 9.00 RRX Production bbls/d Quality of the drilling 8,000 8.00 RRX Stock Price inventory…
  31. Investor Presentation – Raging River Exploration Inc. – slide 31
    Office For further information 710, 400-5th Avenue SW Please contact: Calgary, Alberta T2P 0L6 Mr. Neil Roszell, P.Eng. Main: (403) 387-2950 Email: nroszellrrexploration.com Fax: (403) 387-2951 Phone: (403) 767-1250 Website Mr. Jerry…
  32. Investor Presentation – Raging River Exploration Inc. – slide 32
    Appendix Information
  33. Investor Presentation – Raging River Exploration Inc. – slide 33
    Management Team and Board of Directors Management Team Neil Roszell, P. Eng. Bruce Robertson Jerry Sapieha, CA President, CEO & Director Executive Vice President VP Finance & CFO Bruce Beynon, P. Geol. Jason Jaskela, P. Eng. Terry…
  34. Investor Presentation – Raging River Exploration Inc. – slide 34
    Independent Engineering per well booking Structure Crown Royalties Based 90/bbl Edmonton light pricing, 900,000 per well Well Proved + Proved + Spacing 90 Day Months Probable Probable Tier per IP to Reserves NPV10 ROR Section…
  35. Investor Presentation – Raging River Exploration Inc. – slide 35
    Historic Operational Excellence Q2/14 Q1/14 Q4/13 Q3/13 Q2/13 Q1/13 Q4/12 Q3/12 Q2/12 Financial (thousands of dollars except share data) Funds Flow from Operations 56,283 49,813 35,582 32,174 25,527 23,383 15,089 10,269 7,492 Basic…
  36. Investor Presentation – Raging River Exploration Inc. – slide 36
    The RRX Pilot Waterflood Experience 91/08-20-031-22W3/0 50 RRX has been pilot water flooding 100 91/08-20-031-22W3/0 Tier 3 45 90 40 Tier 4 Tier 6 Tier 5 Tier 7 80 for 3 years Results are encouraging and visible…
  37. Investor Presentation – Raging River Exploration Inc. – slide 37
    Mature Waterfloods New Oil 91/15-03-031-22W3/0 100 100 91/15-03-031-22W3/0 90 Tier 10 90 New Drilling in Gleneath Tier 11 in H2 2014 80 Tier 12 80 Historic HZ wells showing Tier 13 Tier 14+ long terms rates 70 Tier 14 70…

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