CONTINUING THE CONVERSATION WHATS NEW AND EXCITING AT ROCK For starters, we are exploring in an area we can afford to be in and, we have a solid foundation of production and cash flow to finance our growth. August 2014 TSX:…
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…
Rock Energys Strategy Explore new Find plays technology to Focus on OIL that are Drill 60-80 increase exploration scalable and wells per year recovery and repeatable that we can factors from development where Rock afford…
Corporate Profile Stock exchange TSE Symbol RE Current stock price trading range 6.25-6.75/share Capital structure Common stock (basic) 40.2 MM (fully diluted) 43.5 MM Market capitalization 260 MM Total debt (June 30, 2014) 16.8 MM…
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…
Mantario Exploration and Development Upside Drilled discovery well at 12-30 in October 2011 Assembled 30 sections of land on the play Shot 70 sq km of 3D Drilled an additional 39 wells into the main pool Proceeding with EOR…
Mantario Current Status Even before the royalty holiday, these wells pay out in less than a 6 months Type Wells Vertical Horizontal Cost (DCET) 750k 900k IP Rate (bopd) (unrisked) 85 150 Reserves(Mstb/well) (unrisked) 90 130…
Mantario Exploration and Development Upside 2014 Plans Drilling 16 million 10 additional vertical locations 9 horizontal producers 9 water injector conversions Facilities 27 million Main battery 6 Satellites Pipeline…
Mantario Chemical/Polymer Flood Mantario Production Forecast 4,000 3,500 3,000 Total EOR Project (June 2014) 2,500 Total Cost 63M Rate (boe/d) 2,000 Production 3,300 bopd 1,500 NPV% 200M 1,000 IRR % 380% 500 - 2014 2015…
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…
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…
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…
Onward, Saskatchewan Viking Resource Play Mannville Lloyd Oil Current light oil production Current Mannville oil 250-275 bopd (peaked at production 500 bopd 500 bopd prior to break up) Low viscosity heavy oil Light oil, high…
Onward Viking Play 15 development locations in 2014 Rock Land Rock Drilled Viking Horizontals on Production Completed Viking Vertical Oil Well Vertical Viking Penetrations Rock Viking lands de-risked with original Viking…
Onward Viking Well Production Performance Onward Well Performance (Twp 34 Rge 24W3) 80 2013/14 (14 Wells) 70 Tier 4 Tier 5 60 Tier 6 Oil Rate (bbl/d) 50 40 30 20 10 0 0 30 60 90 120 Days On Production…
Onward Viking Type Well Economics (unrisked) (GLJ Jan 2014 prices) Crown Freehold Sections 32 9 Costs Drill 400K 400K Complete 450K 450K Equip &Tie-in 150K 150K Total 1,000K 1,000K IP 30 (bopd) 50 50 URR (Mbbls) 36.6 36.6 Payout…
Onward Viking Current Status Over 40 net 25 wells drilled Current production sections 250-275 bopd from 18 wells (peaked at 500 boepd prior to break up Average IP 30 Over 20 sections 200-300 approximately de-risked development…
Onward 2014 Viking Plans Spend 40 MM (15 M spent ytd) De-risk the remaining lands Drill 20 horizontal step-out wells (15 drilled ytd) Begin to develop a production base Drill 15 Horizontal development locations TSX: RE:CA w…
Onward Viking Play Potential Development Scheme Build Production 1,500 bopd Drill to hold flat for 5 yrs and then decline…
Onward Mannville More exploration targets 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
Onward Mannville Program Current Status Current production 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 to the…
2014 Capital Budget Total 2014 Capex: 110 MM 72 net wells planned 6 MM New Acquisition 16 MM 14 MM Mantario Drilling Exploration 7 MM Mannville 27 MM Mantario Facilities 40 MM Onward Viking TSX: RE:CA w w w. r o c k e n…
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
Premium Markets for Rocks Oil Rock transports 2,000-2,500 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…
Results and Guidance 2012 2013 2014 Actual Actual Q1 2014 Q2 2014 Forecast Production Avg. (boepd) 2,377 3,559 4,899 4,988 4,900-5,100 % oil 77 90 94 95 95 Realized Price (/boe) 53.53 62.91 73.58 82.45 78.90 Operating Costs (/boe)…
Sustainability Model Base Production Mantario 3,300 Onward Viking 1,500 Total 4,800 Total Viking Decline (bopd) 600 Viking Wells Drilled to Arrest Decline 20/yr Capital Required to Arrest Decline 20 M Corporate Cash flow…
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…
SUPPLEMENTARY INFORMATION TSX: RE:CA w w w. r o c k e n e r g y. c a
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…
Market Profile TSX Stock Symbol RE USA OTC RENFF Shares Outstanding Basic 40.2 million Fully diluted 43.5 million Ownership Basic Fully Diluted Management & Directors 7.0% 11.0% Recent Trading Range 6.25 - 6.75 Market…
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…
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…
Canadian Heavy Oil Price History Maya (USGC) and WCS Pricing (US/bbl) 130.00 120.00 The Differential is 110.00 stabilizing 100.00 90.00 80.00 70.00 60.00 50.00 40.00 MAYA 30.00 WCS 20.00 10.00 0.00 Mar…
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…
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 Q3/2014 (July) Enbridge…
Heavy Oil Hedging Program Quantity Price (WCS CDN) Term (bbls/d) 750 81.10 July 2014 Sept 2014 500 84.80 July 2014 Sept 2014 TSX: RE:CA w w w. r o c k e n e r g y. c a
Analyst Coverage Company Rating Analyst FirstEnergy Out Perform B. Fitzmartyn Alta Corp Out Perform T. Matthews Paradigm Capital Buy K. Lin GMP Capital Buy G. Daunheimer Acumen Buy T. Reynolds PI Financial Buy (Top Pick) A.…
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