Auric Resources Corp · TSXV:RES
Auric Resources — Road Runner Energy — Investor Presentation (June 2023)
21 slides from Auric Resources's investor presentation, June 2023
Slide 1: Corporate Presentation
June 2023 Corporate Presentation ROAD RUNNER ENERGY DEVELOPING AMERICAN ONSHORE ENERGY 1
Slide 2: Disclaimer
DISCLAIMER THE INFORMATION CONTAINED HEREIN HAS BEEN PREPARED TO ASSIST INTERESTED PARTIES IN MAKING THEIR OWN EVALUATION OF ROAD RUNNER ENERGY (“ROAD RUNNER” OR THE “COMPANY”) AND DOES NOT PURPORT TO CONTAIN ALL OF THE INFORMATION THAT A PROSPECTIVE INVESTOR OR PARTNER MAY DESIRE. IN ALL CASES, INT
Slide 3: About Road Runner
ABOUT ROAD RUNNER Growth-oriented, US-focused junior E&P emerging as a public company into a market dominated by intermediate and senior producers Oil-weighted, US asset-focused company, pursuing lower-risk prospects, initially in New Mexico‘s Permian Basin Drill-ready asset at Warnica Ranch origina
Slide 4: Why Road Runner?
WHY ROAD RUNNER? Our unique “Money Ball” approach to oil exploration focused on vertical and conventional light oil prospects separates us from intermediate and major players focused on high-cost and high-decline unconventional prospects STRONG PIPELINE OF ROBUST CAPITAL ACQUISITION TARGETS UNIQUE U
Slide 5: Bullish on American Oil
BULLISH ON AMERICAN OIL “ “ What is the best reopening play? It is oil. U.S. Energy Department to begin buying back What is idled? Planes, trains and auto- up to 3 million barrels of oil for the Strategic mobiles. You turn them all back on, that’s Petroleum Reserve, the first purchase since its goin
Slide 6: Advantages of New Mexico
ADVANTAGES OF NEW MEXICO New Mexico & Texas share the Permian Basin, which accounts for nearly 1/2 of total U.S. oil production The state of New Mexico produces more oil ACTIVE ONSHORE OIL & GAS REGION than the entire country of Mexico4 Major producing fields and existing infrastructure offering ass
Slide 7: Road Runner Management
ROAD RUNNER MANAGEMENT Strong executive leadership team of experts across resource development, business & finance ALEX TWORO, P.GEO MEETUL PATEL, CPA MICHAEL SULLIVAN CEO & Director CFO & Director Exploration Manager • >38 years of experience in the energy industry holding • Served as a director an
Slide 8: Board & Strategic Advisors
BOARD & STRATEGIC ADVISORS Strong governance practices and excellent technical advisors support high integrity operations STEVE O’HARA, P.GEO DALE BURSTALL, LLB ROBERT TEAGUE DR. IAN MOFFAT, P.GEO Independent Director & Technical Advisor Independent Director Special Advisor Technical Advisor • Petro
Slide 9: Exceptional Operating Partner
EXCEPTIONAL OPERATING PARTNER GREEHEYCO, INC. OVERVIEW • Led by Sid Greehey, industry veteran with 35+ years in the oil & gas space • Proven track record founding, building, growing and successfully exiting numerous E&P, fluid and energy services companies • Deep operating expertise and key relation
Slide 10: Greeheyco Operating Team
GREEHEYCO OPERATING TEAM Road Runner is leveraging Greeheyco's combined 100 years of energy industry experience and proven track record of oil & gas development to support our aggressive organic and acquisition growth strategy SID GREEHEY CHRIS ELLIS, MBA DAN KNUPP President of Greeheyco Exploration
Slide 11: Warnica Ranch Project
WARNICA RANCH PROJECT Road Runner to acquire a 75% WI in the project from Greeheyco; Greeheyco will be carried 25% on the first two wells • Greeheyco originally acquired asset for US$8MM with US$2MM invested in proprietary seismic to date • Covers existing North Peterson field that produced 530,000
Slide 12: Multi-Zone Stacked Pay Expands Economics
MULTI-ZONE STACKED PAY EXPANDS ECONOMICS Multiple productive zones including Wolfcampian, Pennsylvanian, Mississippian and Fusselman formations afford greater ability to hit pay *Generalized stratigraphic representation Triassic Permian REPRESENTATIVE OF THE (Wolfcampian) POTENTIAL STACKED RESERVOIR
Slide 13: The First Two Prospects
THE FIRST TWO PROSPECTS ‘String of Pearls’ 5 major producing fields on trend with current land position BERETTA GATLIN • Prominent seismic structure, possible • Nearfield extension of a proven Pennsylvanian reservoir Warnica Ranch pinnacle reef, with 4-way closure in multiple • Stratigraphic trap hi
Slide 14: Prospects & Drilling Program
PROSPECTS & DRILLING PROGRAM Penn Amplitude Map 14
Slide 15: Gatlin Prospect
GATLIN PROSPECT Warnica Gatlin Penn seismic map and location profile NORTH PETERSON Location Location 15
Slide 16: Beretta Prospect
BERETTA PROSPECT • Seismic section through proposed Beretta Prospect E-W and N-S as shown • 4-way closure on potential reef structure; note drape to Wolfcamp level • Potential Fusselman P50 EUR 610MSTB, 0.8BCF gas1 • Penn A to C and Wolfcamp and Fusselman Stacked Pay Penn_B Depth Map 1 Forecast base
Slide 17: Wolfcamp Facies Map
WOLFCAMP FACIES MAP Wolfcamp seismic facies map made in Stratimagic compared to modern Landsat image of near shore marine estuary channels and bars WOLFCAMP SEISMIC FACIES MAP Wolfcamp shows _A _B _C 17
Slide 18: Compelling Project Economics
COMPELLING PROJECT ECONOMICS* Multiple scenario economics yield attractive opportunities ESTABLISH, PRODUCE, PROLIFERATE • US$10 million spent on asset to date by Greeheyco, including US$2 million on proprietary seismic data • Initial 2 proof of concept (POC) wells – testing stacked reservoirs and t
Slide 19: Capitalization & Financing Plan
CAPITALIZATION & FINANCING PLAN Proforma Cap Table Financing Concurrent with Go-Public Transaction: Intended Use of Proceeds Shares Outstanding 16.75 MM* $4MM Sub-Receipt Financing @ CAD$0.25 16.0 MM Total Shares Outstanding 32.75 MM Capex $4.0MM $1MM *Held by management, principals, advisors and st
Slide 20: Commitment to Ethical Practices
COMMITMENT TO ETHICAL PRACTICES Road Runner is focused on realizing corporate & economic sustainability for the benefit of all stakeholders • From day one, we intend to implement best-practice ESG with continuous monitoring and improvement • Priorities include: • Intending to hire workers from local
Slide 21: Corporate Contact
CORPORATE ROAD RUNNER ENERGY CSE: RRUN* Road Runner Energy Corporation 1800, 800 - 6th Ave SW invest@roadrunnerenergy.com Calgary, Alberta T2P 3G3 http://roadrunnerenergy.com/ *Ticker reserved 21
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