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Corporate Presentation – Rmp Energy Inc.

Rmp Energy Inc. · Jan 31, 2014 · 28 slides

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Slides

  1. Corporate Presentation – Rmp Energy Inc. – slide 1
    JANUARY 2014 CORPORATE PRESENTATION
  2. Corporate Presentation – Rmp Energy Inc. – slide 2
    DISCLAIMER - CONTD Any well economics provided in this presentation are based on the average historical estimates of reserves for wells drilled in the respective areas in which RMP has an interest and there is no certainty that future…
  3. Corporate Presentation – Rmp Energy Inc. – slide 3
    CORPORATE PROFILE Trading Symbol RMP.TO Current market cap. 650 million Common Shares outstanding 118.1 million Stock Options outstanding 10.3 million Warrants outstanding 2.1 million Directors & Officers ownership (fully…
  4. Corporate Presentation – Rmp Energy Inc. – slide 4
    COMPANY ATTRIBUTES Balance Sheet Strength - low leverage relative to peers Estimated Net Debt of 116 million (December 31, 2013) Line of credit of 160 million - significant unutilized credit capacity Free Cash Flow 2014 Capital…
  5. Corporate Presentation – Rmp Energy Inc. – slide 5
    2014 BUDGET Fiscal 2014 E&D Capital Spending 130 million Production: 46% over Annual Avg. (boe/d) 10,000 FY2013(e) Oil/NGL (%) 68 Cash Flow (Funds from Operations) 142 million 64% over Per basic share 1.20 FY2013(e)…
  6. Corporate Presentation – Rmp Energy Inc. – slide 6
    STRONG ORGANIC PRODUCTION GROWTH SIGNIFICANTLY INCREASED LIGHT OIL WEIGHTING boe/d 10,000 10,000 - 218% production increase (FY2014e) since 9,000 Orleans RTO (Q211) 8,000 6,860 68% 7,000 5,356 6,000 Oil/NGLs 5,000 Gas…
  7. Corporate Presentation – Rmp Energy Inc. – slide 7
    FIELD OPERATING NETBACK EXPANSION INCREASED INTERNAL CASH FLOW GENERATING CAPABILITY 40.00 37.97 Field Netbacks Opex 36.69 35.00 32.13 30.40 30.00 Field Netbacks 25.00 23.66 Operating Costs 20.00 - Q313 reflects higher…
  8. Corporate Presentation – Rmp Energy Inc. – slide 8
    CORE AREAS Light oil exploration and development Waskahigan Ante Creek Big Muddy Natural gas potential Kaybob Pine Creek Ricinus 9
  9. Corporate Presentation – Rmp Energy Inc. – slide 9
    MONTNEY OIL FAIRWAY Significant land position in the Montney oil fairway 106 gross (105.15 net) sections in fairway; 99% W.I. over 300 locations at 4 wells/section Significant low risk development inventory 10
  10. Corporate Presentation – Rmp Energy Inc. – slide 10
    WASKAHIGAN MONTNEY OIL 68.25 sections 100% W.I. 12 wells drilled in 2013; 9 wells planned for 2014 Potential for up to 205 additional locations. Pool details Avg. OOIP/Section: 8 MMBOE 40o API Light Oil GOR: 2900…
  11. Corporate Presentation – Rmp Energy Inc. – slide 11
    WASKAHIGAN MONTNEY OIL 100% RMP-owned Oil Battery Current capacity: 6,000 bbls/d oil 10 mmcf/d natural gas Facility ownership benefits: Very low operating cost 6 - 7/boe Quick tie-in of new wells 12
  12. Corporate Presentation – Rmp Energy Inc. – slide 12
    WASKAHIGAN MONTNEY OIL /boe Waskahigan Netback Breakdown 70.00 60.00 50.00 50.21 50.30 Netback 40.00 57.20 48.93 Royalties 46.57 Trans. Opex 30.00 20.00 10.00 8.79 6.58 Opex 6.23 6.18 5.77 decrease - of 35%…
  13. Corporate Presentation – Rmp Energy Inc. – slide 13
    WASKAHIGAN MONTNEY OIL Waskahigan Well Economics: (D,C &T/I) (Light Oil) (Oil equiv.) Well Cost Reserves Reserves F&D Netback ROR NPV 10% (1) 3.9 MM 118 Mbbls 191 MBOE 20/boe 55/boe 62% 3.2 MM Note 1: Assumed pricing of 86/bbl oil…
  14. Corporate Presentation – Rmp Energy Inc. – slide 14
    ANTE CREEK MONTNEY OIL Development 36.75 sections 97.2% W.I. 5 wells drilled in 2013 11 wells planned for 2014 Well performance continues to be exceptional. Infrastructure build-out is the next step to significant production…
  15. Corporate Presentation – Rmp Energy Inc. – slide 15
    ANTE CREEK MONTNEY HORIZONTAL OIL WELL PRODUCTION Ante Creek Well Economics: (D,C &T/I) (Light Oil) (Oil equiv.) Well Cost Reserves Reserves F&D Netback ROR NPV 10% (1) 3.6 MM 450 Mbbls 540 MBOE 6.75/boe 46/boe 200% 15.2 MM Note…
  16. Corporate Presentation – Rmp Energy Inc. – slide 16
    ANTE CREEK WELL PERFORMANCE 17
  17. Corporate Presentation – Rmp Energy Inc. – slide 17
    ANTE CREEK WELL DATA Ante Creek Well Results Well IP 30 IP 60 IP 90 Current Rate Cumulative Oil (bbls/d) (bbls/d) (bbls/d) (bbls/d)(1) (bbls) 13-26-66-24W5 1,550 1,460 1,355 825 314,524 4-35-66-24W5 870 830 850 450 254,628…
  18. Corporate Presentation – Rmp Energy Inc. – slide 18
    ANTE CREEK INFRASTRUCTURE PROJECT Upgraded facility and 35km pipeline interconnect between Ante Creek and Waskahigan will significantly increase gas conservation and allow for higher deliverability of light oil volumes to the Pembina…
  19. Corporate Presentation – Rmp Energy Inc. – slide 19
    CONCLUSION Strong production and cash flow growth through oil development at Waskahigan and Ante Creek Focus on both operating and capital costs Facility constraints will be resolved in 2014 Significant natural gas potential…
  20. Corporate Presentation – Rmp Energy Inc. – slide 20
    APPENDIX 21
  21. Corporate Presentation – Rmp Energy Inc. – slide 21
    DIRECTORS Craig Stewart Executive Chairman of RMP Energy Inc. Doug Baker Independent Businessman John Brussa Partner, Burnet Duckworth & Palmer LLP John Ferguson President and CEO of RMP Energy Inc. Andrew Hogg President and CEO of…
  22. Corporate Presentation – Rmp Energy Inc. – slide 22
    MANAGEMENT TEAM Craig Stewart Executive Chairman John Ferguson President and CEO Dean Bernhard Vice President, Finance and CFO Brent DesBrisay Vice President, Geosciences Jon Grimwood Vice President, Exploration Ross MacDonald…
  23. Corporate Presentation – Rmp Energy Inc. – slide 23
    MANAGEMENT TRACK RECORD Senior management team has worked together for over 20 years Successfully grown and managed companies from 1,000 boe/d to 120,000 boe/d Team has invested over 5.0 billion in WCSB since 1992 Team is a…
  24. Corporate Presentation – Rmp Energy Inc. – slide 24
    PINE CREEK WILRICH NATURAL GAS 6.25 net sections, 63% W.I. Wilrich development 7 wells currently producing from Wilrich (40% W.I.; Peyto operated) Currently producing 600 boe/d 25
  25. Corporate Presentation – Rmp Energy Inc. – slide 25
    KAYBOB MONTNEY NATURAL GAS 28 sections 92% W.I. Significant low risk gas inventory 60 locations; 90 BCF Infrastructure is established; quick tie-in and onstream projects Industry is still active in area; i.e TQN, TET,…
  26. Corporate Presentation – Rmp Energy Inc. – slide 26
    RICINUS LIQUID RICH NATURAL GAS 53 sections, 65% W.I. Deep Basin stratigraphy provides a resource style area Potential zones: Cardium Viking Glauconite Ellerslie Cadomin 27
  27. Corporate Presentation – Rmp Energy Inc. – slide 27
    THIRD QUARTER 2013 FINANCIAL RESULTS Nine Months ended September 30, (thousands except share data) 2013 2012 % Change Cash flow from operations 59,145 31,749 86 Per share basic 0.55 0.32 72 Net Income 7,997 4,076 96 Net debt…
  28. Corporate Presentation – Rmp Energy Inc. – slide 28
    THIRD QUARTER 2013 OPERATING RESULTS Nine months ended September 30, (6:1 oil equivalent conversion) 2013 2012 % Change E&D Capital Spending ( thousands) 94,453 63,033 50 Average Daily Production: Crude Oil & NGLS(bbls/d) 3,542…

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