Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Tengasco — Shareholder Meeting (December 2016)
17 slides from Riley Exploration Permian's shareholder meeting presentation, Dec 9, 2016
Slide 1: Annual Shareholders Meeting December 6, 2016
Annual Shareholders MeetingDecember 6, 2016 TENGASCO, INC. *
Slide 2: Outline of Presentation
Annual Shareholders Meeting – December 6, 2016Outline of Presentation Introduction of Directors, Officers, and EmployeesForward Looking StatementsSignificant Activities Since The Last Shareholders MeetingExploration Play UpdateOil PricesCapital Spending and Drilling ResultsKansas ProductionBorrowing
Slide 3: Directors and Officers
Annual Shareholders Meeting – December 6, 2016Directors and Officers Peter SalasDirector, Chairman of the Board, member of the Exploration CommitteeElected to the Board in 2002 and as Chairman of the Board in 2004Matt BehrentDirector, Chairman of the Audit Committee, member of the Compensation Commi
Slide 4: Forward Looking Statements
Forward Looking StatementsExcept for the historical information contained in this review, the matters discussed in this presentation are forward-looking statements within the meaning of applicable securities laws, that are based upon current expectations. Important factors that could cause actual re
Slide 5: Significant Activities Since The Last Shareholders Meeting
Annual Shareholders Meeting – December 6, 2016Significant Activities Since The Last Shareholders Meeting Announced rights offeringContinued to evaluate opportunities (primarily in Kansas and surrounding states)Current inventoryCorporateAcquisition of producing propertiesAcreageNon-operated opportuni
Slide 6: Update on Saline County Acreage
Annual Shareholders Meeting – December 6, 2016Update on Saline County Acreage At December 6, 2016, has approximately 9,700 acres under leaseIn 2016, shot seismic over lease acreage acquired in 2014/2015Discussing opportunity with potential partners in order to share cost and risk, and maintain more
Slide 7: Capital Spending and Drilling / Polymer Results
Annual Shareholders Meeting – December 6, 2016Capital Spending and Drilling / Polymer Results($ Thousands) YTD Est. FY 2015 Sep. 2016 2016Capital Spending (includes accruals): Drilling 177 - 79 Recompletions 28 - - Polymers - - - SWD Conversion 47 - - Leasehold 90 - 8 Seismic 22 300 308 Other 142 64
Slide 8: Average Monthly Oil Price Received
Annual Shareholders Meeting – December 6, 2016Average Monthly Oil Price Received($ per barrel) *
Slide 9: Average Daily Gross Operated Production For Selected Months
Annual Shareholders Meeting – December 6, 2016Average Daily Gross Operated Production For Selected Months(Barrels of Oil Per Day) *
Slide 10: Bank Borrowings – Quarter End Balance
Annual Shareholders Meeting – December 6, 2016Bank Borrowings – Quarter End Balance($ Thousands) *
Slide 11: Financial Summary – Nine Months Ended September 30
Annual Shareholders Meeting – December 6, 2016Financial Summary($ Thousands, except per share data, sales volumes, and price per barrel) 9 Months Ended September 30, * 2016 2015 Change PercentRevenues 3,456 4,958 (1,502) (30.3)%Production cost and taxes (2,570) (3,223) 653 20.3%DD&A (904) (2,082) 1,
Slide 12: Production Cost and Taxes & General and Administrative
Annual Shareholders Meeting – December 6, 2016Production Cost and Taxes & General and Administrative($ Thousands, except cost per barrel) 9 Months Ended September 30, * 2016 2015 Change PercentProduction Cost and Taxes:Kansas (2,365) (2,930) 565 19.3%Methane Facility (205) (293) 88 30.0%Total Produc
Slide 13: Financial Summary – Year Ended December 31
Annual Shareholders Meeting – December 6, 2016Financial Summary($ Thousands, except per share data, sales volumes, and price per barrel) Year Ended December 31, 2015 2014 Change PercentRevenues 6,164 13,788 (7,624) (55.3)%Production cost and taxes (4,224) (5,994) 1,770 29.5%DD&A (2,676) (3,030) 354
Slide 14: 2017 Outlook
Annual Shareholders Meeting – December 6, 20162017 Outlook Current pricing is higher than average 2016 levelsCompany will continue to manage our borrowing levelsContinue to identify and evaluate opportunitiesCurrent inventoryCorporateAcquisition of producing propertiesAcreageNon-operated opportuniti
Slide 15: Thanks to employees and shareholders
Annual Shareholders Meeting – December 6, 2016 The Company’s management and Board of Directors want to thank all of our employees and their families for their dedication and contribution to Tengasco. We also want to thank the shareholders for your continued support. We hope to see you again next yea
Slide 16: Results of Voting
Annual Shareholders Meeting – December 6, 2016 Results of Voting *
Slide 17: Shareholder Questions to Management
Annual Shareholders Meeting – December 6, 2016 Shareholder Questions to ManagementPlease state your name, confirm you are a shareholder of the Company, and direct your questions to Mike Rugen. *