Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Tengasco — Shareholder Meeting (December 2015)
17 slides from Riley Exploration Permian's shareholder meeting presentation, Dec 14, 2015
Slide 1: Annual Shareholders Meeting December 9, 2015
Annual Shareholders MeetingDecember 9, 2015 TENGASCO, INC. 1
Slide 2: Outline of Presentation
Annual Shareholders Meeting – December 9, 2015Outline of Presentation Introduction of Directors and OfficersForward Looking StatementsSignificant Activities Since The Last Shareholders MeetingExploration Play UpdateOil PricesCapital Spending and Drilling ResultsKansas ProductionBorrowings on Credit
Slide 3: Directors and Officers
Annual Shareholders Meeting – December 9, 2015Directors 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 9, 2015Significant Activities Since The Last Shareholders Meeting Continued to lease additional acreage outside the Central Kansas UpliftContinued to evaluate opportunities (primarily in Kansas and surrounding states)Current inventoryCorporateAcquisition of pro
Slide 6: Update on Acreage Outside Central Kansas Uplift
Annual Shareholders Meeting – December 9, 2015Update on Acreage Outside Central Kansas Uplift In December 2013, leased approximately 4,100 acresIn 2014, shot seismic over originally lease acreageIn 2014, renewed approximately 1,900 acres of the original 4,100 acresDrilled a dry hole in December 2014
Slide 7: Capital Spending and Drilling / Polymer Results
Annual Shareholders Meeting – December 9, 2015Capital Spending and Drilling / Polymer Results($ Thousands) YTD Est. FY 2014 Sep. 2015 2015Capital Spending (includes accruals): Drilling 2,520 174 174 Recompletions 209 75 75 Polymers 175 - - Leasehold 648 90 90 Seismic 277 21 151 MMC 204 - - Other 58
Slide 8: Average Monthly Oil Price Received
Annual Shareholders Meeting – December 9, 2015Average Monthly Oil Price Received($ per barrel) 8
Slide 9: Average Daily Kansas Gross Oil Production For Selected Months
Annual Shareholders Meeting – December 9, 2015Average Daily Kansas Gross Oil Production For Selected Months(Barrels) 9
Slide 10: Bank Borrowings – Quarter End Balance
Annual Shareholders Meeting – December 9, 2015Bank Borrowings – Quarter End Balance($ Thousands) 10
Slide 11: Financial Summary
Annual Shareholders Meeting – December 9, 2015Financial Summary($ Thousands, except per share data, sales volumes, and price per barrel) 9 Months Ended September 30, * 2015 2014 Change PercentRevenues 4,958 11,108 (6,150) (55.4)%Production cost and taxes (3,223) (4,769) 1,546 32.4%DD&A (2,082) (2,21
Slide 12: Production Cost and Taxes & General and Administrative
Annual Shareholders Meeting – December 9, 2015Production Cost and Taxes & General and Administrative($ Thousands, except cost per barrel) 9 Months Ended September 30, * 2015 2014 Change PercentProduction Cost and Taxes:Kansas (2,930) (3,976) 1,046 26.3%Methane Facility (293) (407) 114 28.0%Other - (
Slide 13: Financial Summary – Continuing Operations
Annual Shareholders Meeting – December 9, 2015Financial Summary – Continuing Operations($ Thousands, except per share data, sales volumes, and price per barrel) Year Ended December 31, 2014 2013 Change PercentRevenues 13,788 15,700 (1,912) (12.2)%Production cost and taxes (5,994) (5,524) (470) (8.5)
Slide 14: Outlook
Annual Shareholders Meeting – December 9, 2015Outlook Company anticipates prices to remain low during 2016Company will continue to manage our borrowing levelsContinue to identify and evaluate opportunities (increasing efforts outside of Kansas)Current inventoryCorporateAcquisition of producing prope
Slide 15: Thank you to employees and shareholders
Annual Shareholders Meeting – December 9, 2015 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 9, 2015 Results of Voting 16
Slide 17: Shareholder Questions
Annual Shareholders Meeting – December 9, 2015 Shareholder QuestionsPlease state your name and confirm you are a shareholder of the Company 17