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Corporate Presentation – Rock Energy Inc.

Rock Energy Inc. · Jun 30, 2014 · 40 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. Corporate Presentation – Rock Energy Inc. – slide 1
    CONTINUING THE CONVERSATION WHATS NEW AND EXCITING AT ROCK PLENTY WERE NOW MUCH MORE WEIGHTED TO MEDIUM OIL AND WE HAVE A GREAT NEW VIKING LIGHT OIL PLAY. June 2014 TSX: RE:CA w w w. r o c k e n e r g y. c a
  2. Corporate Presentation – Rock Energy Inc. – slide 2
    Rock Energys Vision Develop a suite of assets that can provide a solid platform of predictable, sustainable cash flow with a long reserve life and low decline rates Focus on plays Develop a and reservoirs foundation of Implement…
  3. Corporate Presentation – Rock Energy Inc. – slide 3
    Rock Energys Strategy Explore new Find plays technology to Focus on OIL that are Drill 50-60 increase exploration scalable and wells per year recovery and repeatable that we can factors from development where Rock afford…
  4. Corporate Presentation – Rock Energy Inc. – slide 4
    Corporate Profile Stock exchange TSE Symbol RE Current stock price trading range 6.70-6.90/share Capital structure Common stock (basic) 39.9 MM (fully diluted) 43.4 MM Market capitalization 275 MM Total debt (March 31, 2014) 25.6 MM…
  5. Corporate Presentation – Rock Energy Inc. – slide 5
    Rocks Focus and Future LUSELAND ONWARD Southwest Saskatchewan PRAIRIEDALE KERROBERT PLENTY Mantario EOR project DODSLAND NORTH Horizontal Viking project at Onward COLEVILLE SMILEY DODSLAND Ongoing exploration activities…
  6. Corporate Presentation – Rock Energy Inc. – slide 6
    Mantario Exploration and Development Upside Drilled discovery well at 12-30 in October 2011 Assembled 33 sections of land on the play Shot 70 sq km of 3D Drilled an additional 39 wells into the main pool Currently producing over…
  7. Corporate Presentation – Rock Energy Inc. – slide 7
    Mantario Current Status Current production from 41 wells in the pool is over 3,500 bopd, including two horizontal wells producing 175-200 bopd each Type Wells Vertical Horizontal Cost (DCET) 750M 900M IP Rate (bopd) (unrisked) 85…
  8. Corporate Presentation – Rock Energy Inc. – slide 8
    Mantario Exploration and Development Upside 2014 Plans Drilling 15 million 6 additional vertical locations 9 horizontal producers 9 water injector conversions Facilities 23 million Main battery 6 Satellites Pipeline gathering…
  9. Corporate Presentation – Rock Energy Inc. – slide 9
    Mantario Chemical/Polymer Flood Mantario Production Forecast 4,000 3,500 3,000 Total EOR Project (June 2014) 2,500 Total Cost 61MM Rate (boe/d) 2,000 Production 3,300 bopd 1,500 NPV% 200MM 1,000 ROR % 380% 500 - 2014 2015…
  10. Corporate Presentation – Rock Energy Inc. – slide 10
    Mantario Exploitation Plans Next Steps Phase 1 Phase 2 Phase 3 Drill another Drill 9 Construct 5-6 vertical horizontal surface 40-acre step- producers facilities and out locations and complete gathering to continue 9 injector…
  11. Corporate Presentation – Rock Energy Inc. – slide 11
    Mantario Exploration Near the Main Pool Rocks Mantario pool is essentially a shore face deposit that is geologically Clearbrook older in age than the original pool Polymer Flood discovery by Grad and Walker The analog pool…
  12. Corporate Presentation – Rock Energy Inc. – slide 12
    Mantario Exploration The exploration fairway contained between the Swift Current platform and the Sweetgrass Arch is prospective for Mannville oil and has not been explored SWIFT CURRENT Mannville mineral rights south of…
  13. Corporate Presentation – Rock Energy Inc. – slide 13
    Onward, Saskatchewan Viking Resource Play Mannville Lloyd Oil Current light oil production Current Mannville oil 400-450 bopd production 475-500 bopd Light oil, high netback Low viscosity heavy oil Over 38 net sections Water flood…
  14. Corporate Presentation – Rock Energy Inc. – slide 14
    Onward Viking Play Rock Land Rock Drilled Viking Horizontals to Date Completed Viking Oil Wells Vertical Viking Penetrations Rock Viking lands de-risked with Viking producers Hz wells to be drilled in remaining of 2014…
  15. Corporate Presentation – Rock Energy Inc. – slide 15
    Onward Viking Well Production Performance First 60 Days 80 Rock Wells Rock T.W. 70 Tier 5 Tier 6 60 50 Oil Rate (bbl/d) 40 30 20 10 0 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50…
  16. Corporate Presentation – Rock Energy Inc. – slide 16
    Onward Viking Type Well Economics (unrisked) (GLJ Jan 2014 prices) Crown Freehold Sections 30 8 Costs Drill 400M 400M Complete 450M 450M Equip &Tie-in 150M 150M Total 1,000M 1,000M IP 30 (bopd) 50 50 URR (Mbbls) 36.6 36.6 Payout…
  17. Corporate Presentation – Rock Energy Inc. – slide 17
    Onward Viking Current Status Over 39 net 18 wells drilled Current production sections and tested 400-450 bopd from 18 wells Average IP 30 15.5 sections 230 development approximately de-risked locations identified 50 bopd…
  18. Corporate Presentation – Rock Energy Inc. – slide 18
    Onward today New Viking Oil Cleaning and Water Source Facility TSX: RE:CA w w w. r o c k e n e r g y. c a
  19. Corporate Presentation – Rock Energy Inc. – slide 19
    Onward 2014 Viking Plans Spend 17-20 MM De-risk the remaining lands Drill 17 horizontals wells TSX: RE:CA w w w. r o c k e n e r g y. c a
  20. Corporate Presentation – Rock Energy Inc. – slide 20
    Onward Viking Play Potential Development Scheme Build Production 1,500 bopd Drill to hold flat for 5 yrs and then decline…
  21. Corporate Presentation – Rock Energy Inc. – slide 21
    Onward Mannville Rock Land Rock Producing Lloydminster wells Rock New Lloydminster Pool discovery well Rock Future Potential wells Exploration wells TSX: RE:CA w w w. r o c k e n e r g y. c a
  22. Corporate Presentation – Rock Energy Inc. – slide 22
    Onward Mannville Program Current Status Current production at 475-500 bopd New pool discovered with 11-16-34-24W3 (West Onward) Existing Water flood being extended to the North 2014 Plans Spend 4-6 MM Drill 4 follow-up locations…
  23. Corporate Presentation – Rock Energy Inc. – slide 23
    2014 Capital Budget Total 2014 Capex: 91 MM 60-65 net wells planned 6 MM New Acquisition 15 MM 12 MM Mantario Drilling Exploration 7 MM Mannville 23 MM Mantario Facilities 28 MM Onward Viking TSX: RE:CA w w w. r o c k e…
  24. Corporate Presentation – Rock Energy Inc. – slide 24
    Western Canada Select Price Up to 1,500 bpd hedged until Sept 30, 2014 at average 100.00 WCS prices of Cdn80/bbl 90.00 80.00 Cdn/bbl 70.00 60.00 50.00 40.00 TSX: RE:CA w w w. r o c k e n e r g y. c a
  25. Corporate Presentation – Rock Energy Inc. – slide 25
    Premium Markets for Rocks Oil Rock transports 1,500-2,000 bopd via rail Bypass pipeline bottlenecks Deliver crude oil directly to the U.S. Gulf Coast Active part of our hedging strategy Provides an average of 6/bbl price…
  26. Corporate Presentation – Rock Energy Inc. – slide 26
    Results and Guidance 2013 2014 Q2 2013 Q3 2013 Q4 2013 Actual Q1 2014 Forecast Production Avg. (boepd) 3,100 3,886 4,023 3,559 4,899 4,800-5,000 % oil 87 92 92 90 94 95 Realized Price (/boe) 64.56 80.77 59.87 62.91 73.58 73.45…
  27. Corporate Presentation – Rock Energy Inc. – slide 27
    Sustainability Model Base Production Mantario 3,000 Onward Viking 1,500 Total 4,500 Total Viking Decline (bopd) 600 Viking Wells Drilled to Arrest Decline 20/yr Capital Required to Arrest Decline 20 MM Corporate Cash flow 60-65…
  28. Corporate Presentation – Rock Energy Inc. – slide 28
    Rock Energy Essentials We are an oil company with a solid growth platform An oil pool at A new Viking light Numerous A strong balance Mantario being oil discovery at exploration sheet, with less developed with a Onward in the prospects…
  29. Corporate Presentation – Rock Energy Inc. – slide 29
    SUPPLEMENTARY INFORMATION TSX: RE:CA w w w. r o c k e n e r g y. c a
  30. Corporate Presentation – Rock Energy Inc. – slide 30
    Strong Management Team/Board Management Team Directors Allen J. Bey Stuart G. Clark President and CEO Chairman of the Board Jeffrey G. Campbell Richard J. S. Wigington Senior Vice President and COO Robert A. Maitland Todd Hirtle…
  31. Corporate Presentation – Rock Energy Inc. – slide 31
    Market Profile TSX Stock Symbol RE USA OTC RENFF Shares Outstanding Basic 39.9 million Fully diluted 43.4 million Ownership Basic Fully Diluted Management & Directors 7.1% 11.5% Recent Trading Range 6.70 - 6.90 Market…
  32. Corporate Presentation – Rock Energy Inc. – slide 32
    Drilling Results 2012 2013 2014 YTD Mannville Oil 17 (17.0 net) 31 (30.0 net) 6 (6.0 net) Light Oil 10 (10.0 net) 8 (8.0 net) Natural Gas Nil Nil Nil D&A 3 (3.0 net) 4 (4.0 net) Nil Service Wells 3 (3.0 net) 1 (1.0 net) Nil…
  33. Corporate Presentation – Rock Energy Inc. – slide 33
    Regional Viking Play Rocks Viking lands are very LUSELAND similar in net pay, porosity, and permeability to those in the existing Kerrobert pool ONWARD On trend and up dip extension KERROBERT to Kerrobert oil pool PRAIRIEDALE…
  34. Corporate Presentation – Rock Energy Inc. – slide 34
    Onward Viking Play Viking Area Cross Section Rock Energy land Rocks land produces from an older stratigraphic sand when compared to the Prairiedale lands PRAIRIEDALE ONWARD Explains why the Viking Rock Energy land sand is oil…
  35. Corporate Presentation – Rock Energy Inc. – slide 35
    Q1/2014 Operating Netback (/boe) Corporate Average Mantario Average realized price () 73.58 73.94 Royalties () 15.90 17.84 Operating expense () 18.04 10.52 Field netback () 39.64 45.58 TSX: RE:CA w w w. r o c k e n e r g y.…
  36. Corporate Presentation – Rock Energy Inc. – slide 36
    Canadian Heavy Oil Price History Maya (USGC) and WCS Pricing (US/bbl) 130.00 120.00 The Prize 110.00 100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 MAYA 20.00 WCS 10.00 0.00 Mar Mar Mar…
  37. Corporate Presentation – Rock Energy Inc. – slide 37
    WCS Differential Explained A bottleneck of crude oil in the Solution is to expand pipeline Chicago/Cushing area has been capacity to new markets to the caused by expanding North south, east and west Dakota (Bakken) and Canadian…
  38. Corporate Presentation – Rock Energy Inc. – slide 38
    Market Expansion Projects Approved Projects Size Potential Date BP Whiting Refinery Expansion 250 mbpd On stream Q1/2014 Keystone South Gulf Coast Expansion 700 mbpd Q1/2014 Seaway Expansion Phase 2 450 mbpd 2014 Enbridge Flanagan…
  39. Corporate Presentation – Rock Energy Inc. – slide 39
    Heavy Oil Hedging Program Quantity Price (WCS CDN) Term (bbls/d) 500 79.50 April 2014 June 2014 500 81.10 April 2014 June 2014 500 85.10 April 2014 June 2014 750 81.10 July 2014 Sept 2014 500 84.80 July 2014 Sept 2014…
  40. Corporate Presentation – Rock Energy Inc. – slide 40
    Analyst Coverage Company Rating Analyst FirstEnergy Out Perform B. Fitzmartyn Alta Corp Out Perform D. Rawson Paradigm Capital Buy K. Lin GMP Capital Buy G. Daunheimer Acumen Buy T. Reynolds PI Financial Buy (Top Pick) A. Toward…

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