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Roth Conference – Black Ridge Oil & Gas, Inc.

Black Ridge Oil & Gas, Inc. · Mar 9, 2015 · 15 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. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 1
    Focused Growth in the Williston Basin Roth Conference OTCQB: ANFC March 9, 2015
  2. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 2
    Black Ridge Overview Black Ridge Operational Focus: Public company. OTCQB, Ticker: ANFC Bakken / Three Forks Shale Oil Bakken / Three Forks Shale Non-Operator Exploration and Production Company Approximately 10,000 net leasehold…
  3. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 3
    Why The Non-Operator Business Model Ability to selectively invest in the highest return projects, without the need to control a drilling unit Knowledge and data from approximately 350 gross wells to make capital allocation…
  4. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 4
    Black Ridge Oil & Gas Strategy Deal Flow with Near-Term Development Reporting, Controls, Regulatory Compliance Disciplined Investment Capital Availability Decisions and Asset Management Cash Flow: IRR 30%…
  5. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 5
    Strong Development Pipeline to Feed Future Growth 14.00 Permitting activity has slowed down in recent months, driven by oil prices Black Ridge Oil & Gas Net Wells (as of 2/28/15) 12.00 2.4 net wells currently drilling, 10.00…
  6. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 6
    Production Ramping Up in High Return Areas Black Ridge Oil & Gas Net Production BOE/d 1,200 4Q 2014 guidance updated to approximately 1,190 BOE/d from previous guidance of 950 1,100 BOE/d 1,000 800 761 715 600 525 400…
  7. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 7
    Leading to Balance Sheet Improvement Run Rate Leverage Ratio(1) 4.0 3.5 3.0 2.5 2.0 Actual Guidance (1) Calculated as net debt (long term debt, excluding unamortized warrants and discounts, less cash) divided…
  8. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 8
    Mandaree McKenzie County, ND Operator: EOG Resources Antelope Extension Prospect Five Gross (0.62 net) Wells Producing IP rates very encouraging & above expectation(1) North Dakota Montana 100,000 Mandaree 135-05H Culmulative…
  9. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 9
    Teton McKenzie County, ND Operator: Burlington Resources (ConocoPhillips) Twenty Eight Gross Well Spacing(1) Operator drilling twenty four wells (1.76 net) with six rigs North Dakota First production expected in Q3 2015 Montana…
  10. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 10
    Hedging Summary Swaps Settlement Period Contract Date Oil (BBLS) Fixed Price 01/01/2015 - 12/31/2015 8/9/2013 24,000 88.28 01/01/2015 - 12/31/2015 4/8/2014 21,000 89.70 01/01/2015 - 12/31/2015 5/21/2014 12,000 92.38 01/01/2015 -…
  11. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 11
    2015 Plan Company strategy, management execution has Black Ridge Oil & Gas on solid ground to weather current commodity price environment 4Q 2014 production guidance raised to approximately 1,190 BOE/d 4Q 2014 run rate leverage…
  12. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 12
    For More Information www.blackridgeoil.com Ken DeCubellis Chief Executive Officer ken.decubellisblackridgeoil.com 952-426-1241 Stay Up to Date on Black Ridge Oil & Gas www.blackridgeoil.com 13
  13. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 13
    Appendix www.blackridgeoil.com 14
  14. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 14
    Reconciliation of Net Income to Adjusted EBITDA Black Ridge Oil & Gas, Inc. Adjusted EBITDA by Quarter Three Months Ended March 31, June 30, September 30, 2014 2014 2014 Net income (loss) (381,560) (543,360) 1,190,716 Add…
  15. Roth Conference – Black Ridge Oil & Gas, Inc. – slide 15
    Reconciliation of Net Debt Leverage Ratio Black Ridge Oil & Gas, Inc. Net Debt Leverage Ratio by Quarter Three months ended March 31, June 30, September 30, 2014 2014 2014 Adjusted EBITDA 2,374,954 3,614,774 3,616,890 X4 X4 X4…

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