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Investor Presentation – Raging River Exploration Inc.

Raging River Exploration Inc. · Feb 9, 2015 · 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
    February 2015
  2. Investor Presentation – Raging River Exploration Inc. – slide 2
    RRX an Organic Growth Story 15,000 15.00 14,000 14.00 13,000 13.00 12,000 12.00 RRX Stock Price/WTI Cdn/10 11,000 11.00 RRX Production boe/d 10,000 10.00 9,000 9.00 8,000 8.00 7,000 7.00 6,000 6.00 5,000 5.00 4,000…
  3. Investor Presentation – Raging River Exploration Inc. – slide 3
    Raging River Profile TSX Listed RRX Basic Shares 194.0 million Dilutive Securities (strike at 4.55/share) 15.6 million Fully Diluted Shares 209.4 million Insider Ownership 12.8% Basic Insider Ownership 19.4% Fully Diluted Market…
  4. Investor Presentation – Raging River Exploration Inc. – slide 4
    Raging River Revised 2015 Guidance Production Average boepd (97% oil) 13,500 Exit boepd (97% oil) 15,000 Financial Operating cashflow (000) 167,000 Funds flow from operations (000) 158,000 2015 exit net debt (000) 125,000 Exit Net…
  5. Investor Presentation – Raging River Exploration Inc. – slide 5
    Viking Asset Acquisition PLENTY RRX Land 1 1 1 LN D DODS A DODS A LN D DODSL AND L1 0703 21 DODS A N D DODS 207 A L1 103 N D DODSL 0 2173 03AND 1 Acqn. Assets 1 DODSL AND DODSL 2010 43AND 25…
  6. Investor Presentation – Raging River Exploration Inc. – slide 6
    Viking Asset Acquisition Deal Summary The Numbers Consideration 35.6 million Production 600 boe/d (100% light oil) Proved plus Probable reserves(1) 2.8 MMboe (100% light oil) Land 59,000 net acres Horizontal Drilling locations 100…
  7. Investor Presentation – Raging River Exploration Inc. – slide 7
    RRX December 31, 2014 Independent Reserves BTAX Oil Gas Total1 PV 10% FDC Net Category Mbbls Mmcf Mboe MMs MMs PUDs Proved Developed Producing 18,283 4,710 19,103 675 - - Proven Undeveloped 30,141 3,710 30,769 571 743 791 Total…
  8. Investor Presentation – Raging River Exploration Inc. – slide 8
    RRX December 31, 2014 Reserve Growth December 31, 2014 December 31, 2013 Natural Reserve Category Light Oil Gas Total1 % Total1 YOY Change (Mbbls) (Mmcf) (Mboe) P+P (Mboe) (%) Proved Developed Producing 18,283 4,710 19,103 30%…
  9. Investor Presentation – Raging River Exploration Inc. – slide 9
    Raging River 2014 Finding and Development Costs Proved Proved plus 2014 FD&A Costs (000s) Producing Proved Probable Development 277,000 277,000 277,000 Net Acquisitions - - - Change in FDC - 262,071 305,248 Total Capital 277,000…
  10. Investor Presentation – Raging River Exploration Inc. – slide 10
    Raging River December 31, 2014 Net Asset Value December 31, 2014 P+P BTAX 10% 1,760 MMs Land Value 146 MMs Net Debt (158) MMs Dilutive Securities Proceeds 68 MMs Enterprise Value 1,816 MMs Fully Diluted Shares Outstanding 195.2…
  11. Investor Presentation – Raging River Exploration Inc. – slide 11
    Statistical and Efficient Play RRX All Wells All Areas 70 Average RRX Well (New Tier 6 old Tier 6.7) 66% Crown, 34% Freehold WTI FX WTI-MSW MSW Capex EUR PV 10 IRR Payout US/bbl Cdn/US /Cdn /Cdn Per Well mbbls M % Months 60 40.00…
  12. Investor Presentation – Raging River Exploration Inc. – slide 12
    Survival of the Fittest Raging River Modest Growth Constant 50/bbl WTI* 20,000 Wells 2.00 Drilled Base Cap Eff Prod Average Production boepd (96% Oil) Growth Decline /bbl Growth 18,000 2015 180 34% 28,000 24.2% 1.80 2016 170…
  13. Investor Presentation – Raging River Exploration Inc. – slide 13
    20% Growth at Strip Pricing Raging River 5 Years of Predictable Growth 30,000 2.40 Strip Pricing as at Feb 5,2015 Average Production boepd (96% Oil) 27,500 WTI FX WTI-MSW MSW 2.20 Year US/bbl Cdn/US /Cdn /Cdn 25,000 2015…
  14. Investor Presentation – Raging River Exploration Inc. – slide 14
    RRX Netback & Recycle Ratio RRX Corporate Netback and PDP Recycle Ratio vs Price 80.00 4.00 FX = 0.80 Cdn/US Diff WTI to Cdn Light = 7.50/bbl 70.00 3.50 60.00 3.00 Funds Flow Netback /boe 50.00 2.50 40.00 2.00 30.00…
  15. Investor Presentation – Raging River Exploration Inc. – slide 15
    RRX Economic Drilling Inventory Drilling Inventory vs Oil Price 3000 2600 2500 2300 of Economic Locations 2100 2000 1725 1500 1000 700 500 95 0 40 50 60 70 80 90 WTI Oil Price US/bbl 15 TSX: RRX
  16. Investor Presentation – Raging River Exploration Inc. – slide 16
    SW Saskatchewan Viking Light Oil 100% of Raging Rivers Assets 16 TSX: RRX
  17. Investor Presentation – Raging River Exploration Inc. – slide 17
    Raging River Lands Expanding Land Position PROVOST Anegada, Apache, Spur, Raging River KERROBERT Viking Light Oil Resource Play Raging River, Beaumont, Rock, Crescent Point 4000 Drilled and Licensed HZ wells 3800 HZ have been Rig…
  18. Investor Presentation – Raging River Exploration Inc. – slide 18
    De-risking the Land Base Prospective Prospective Untested Risked Net Prospective Prospective Net Tested Net Remaining Area Total Net Acres Net Acres Net Sections Sections Sections Locations Crown Freehold Saskatchewan 250,000 172,800…
  19. Investor Presentation – Raging River Exploration Inc. – slide 19
    Greater Dodsland Area Gleneath and Eagle Lake 15 Net Sections East 21 Net Sections 1 DODSLAND 20160331 DODSLAND 2 DODSLAND DODSLAND 20160331 Main 12 Net Sections 1 DODSLAND DODSLAND 20150331 1 1 1…
  20. Investor Presentation – Raging River Exploration Inc. – slide 20
    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 - 85 Wells Tier 3 Tier 4 Tier 5 20
  21. Investor Presentation – Raging River Exploration Inc. – slide 21
    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 - 22 Wells Tier…
  22. Investor Presentation – Raging River Exploration Inc. – slide 22
    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 -33 Wells Tier 3 Tier 4 Tier 5 22
  23. Investor Presentation – Raging River Exploration Inc. – slide 23
    Lucky/Whiteside Area RRX Land Farm-in Land Viking HZ wells RRX Q4 2014 TSX:RRX 23 RRX Q1 2015
  24. Investor Presentation – Raging River Exploration Inc. – slide 24
    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 2014-35 Wells Tier 4 Tier 6 Tier 8 24
  25. Investor Presentation – Raging River Exploration Inc. – slide 25
    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 2013/14 - 10 Drills Tier 4 Tier 5 Tier 6 25
  26. Investor Presentation – Raging River Exploration Inc. – slide 26
    Kerrobert 1 DODSLAND DODSLAND 2 01610 01 RRX Land Farm-in Land Viking HZ wells RRX Q4 2014 RRX Q1 2015 26 TSX: RRX
  27. Investor Presentation – Raging River Exploration Inc. – slide 27
    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 - 23 Wells Tier 3 Tier 4 Tier 5 27
  28. Investor Presentation – Raging River Exploration Inc. – slide 28
    Plato & Forgan Plato 1 1 EL ROSE ELRO SE EL ROSE EL ROSE 2 0170 33 1 20 170 331 1 2 1 2 1 1 EL ROSE ELRO SE Forgan PLATO PL ATO EL ROSE ELRO SE PLATO PL ATO 2 0160 33 1 20 160 331 2 01703 31 201 703 31 1…
  29. Investor Presentation – Raging River Exploration Inc. – slide 29
    Plato Area Well Performance Plato 70 60 50 Oil Rate (bbl/d) 40 30 20 10 0 - 30 60 90 120 150 180 210 240 270 300 330 360 390 420 450 480 510 540 Days On Production 2012/13 - 45 Wells 2014 - 28 wells Tier 5…
  30. Investor Presentation – Raging River Exploration Inc. – slide 30
    Forgan Area Well Performance Forgan 50 45 40 35 Oil Rate (bbl/d) 30 25 20 15 10 5 0 - 60 120 180 240 300 360 Days On Production Forgan 2014 Q1 - 30 Wells Tier 3 Tier 4 Tier 5 30
  31. Investor Presentation – Raging River Exploration Inc. – slide 31
    Hoosier Farm in Expanding Land Position PROVOST Anegada, Apache, Spur, Raging River HOOSIER Anegada, Spur, Raging River RRX Land Farm-in Land Viking HZ wells RRX Expl. Stepouts Defined Viking Pool Boundaries Recent…
  32. Investor Presentation – Raging River Exploration Inc. – slide 32
    Raging River Summary 15,000 15.00 RRX currently 14,000 14.00 controls 320 net 13,000 13.00 sections of oil 12,000 12.00 prone Viking lands RRX Stock Price/WTI Cdn/10 11,000 11.00 RRX Production boe/d 2,600 identified…
  33. Investor Presentation – Raging River Exploration Inc. – slide 33
    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…
  34. Investor Presentation – Raging River Exploration Inc. – slide 34
    Appendix Information
  35. Investor Presentation – Raging River Exploration Inc. – slide 35
    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…
  36. Investor Presentation – Raging River Exploration Inc. – slide 36
    Historic Operational Excellence Q3/14 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 57,850 56,283 49,813 35,582 32,174 25,527 23,383 15,089 10,269…
  37. Investor Presentation – Raging River Exploration Inc. – slide 37
    Continuous per share Growth Production per share Growth Funds Flow per share Growth 70 Producion per share (boe/mm basic shares) 0.35 Funds Flow per share (/mm basic shares) 60 0.30 50 0.25 40 0.20 30 0.15 20 0.10…

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