Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Tengasco — Shareholder Meeting (December 2018)
14 slides from Riley Exploration Permian's shareholder meeting presentation, Dec 17, 2018
Slide 1: Annual Shareholders Meeting December 11, 2018
Annual Shareholders MeetingDecember 11, 2018 TENGASCO, INC. 1
Slide 2: Outline of Presentation
Annual Shareholders Meeting – December 11, 2018Outline of Presentation Directors and OfficersForward Looking StatementsSignificant Activities Since The Last Shareholders MeetingOil PricesCapital Spending and Drilling ResultsKansas ProductionBorrowings on Credit FacilityFinancial ReviewNine months en
Slide 3: Directors and Officers
Annual Shareholders Meeting – December 11, 2018Directors and Officers Peter SalasDirector, Chairman of the BoardElected to the Board in 2002 and as Chairman of the Board in 2004Matt BehrentDirector, Chairman of the Audit Committee, member of the Compensation CommitteeElected to the Board in 2007Rich
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 11, 2018Significant Activities Since The Last Shareholders Meeting Sold the Methane Facility assets in January 2018Received $2.65 millionRecorded a gain on the sale of approximately $1.16 millionAcquired most of the drilling program interest - $164KContinued to
Slide 6: Capital Spending and Drilling Results
Annual Shareholders Meeting – December 11, 2018Capital Spending and Drilling Results($ Thousands) YTD Est. FY 2017 Sep. 2018 2018Capital Spending (includes accruals): Drilling 70 418 467 Polymers - 244 244 Leasehold and Seismic 93 18 109 Field Vehicles 99 163 163 Acquire Drilling Program Interests -
Slide 7: Average Monthly Oil Price Received
Annual Shareholders Meeting – December 11, 2018Average Monthly Oil Price Received($ per barrel) 7
Slide 8: Average Daily Gross Operated Production For Selected Months
Annual Shareholders Meeting – December 11, 2018Average Daily Gross Operated Production For Selected Months(Barrels of Oil Per Day) 8
Slide 9: Financial Summary – Continuing Operations
Annual Shareholders Meeting – December 11, 2018Financial Summary – Continuing Operations($ Thousands, except per share data, sales volumes, and price per barrel) 9 Months Ended September 30, * 2018 2017 Change PercentRevenues 4,497 3,383 1,114 32.9%Production cost and taxes (2,502) (2,595) 93 3.6%DD
Slide 10: Financial Summary (includes discontinued operations)
Annual Shareholders Meeting – December 11, 2018Financial Summary (includes discontinued operations)($ Thousands, except per share data, sales volumes, and price per barrel) Year Ended December 31, 2017 2016 Change PercentRevenues 5,263 4,672 591 12.6%Production cost and taxes (3,933) (3,421) (512) (
Slide 11: 2019 Outlook
Annual Shareholders Meeting – December 11, 20182019 Outlook Company will monitor oil prices and continue to manage our capital spending and borrowing levelsCompany will continue to identify and evaluate opportunitiesCurrent inventoryCorporateAcquisition of producing propertiesAcreageNon-operated opp
Slide 12: Thank you to employees and shareholders
Annual Shareholders Meeting – December 11, 2018 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 ye
Slide 13: Results of Voting
Annual Shareholders Meeting – December 11, 2018 Results of Voting 13
Slide 14: Shareholder Questions to Management
Annual Shareholders Meeting – December 11, 2018 Shareholder Questions to ManagementPlease state your name, confirm you are a shareholder of the Company, and direct your questions to Mike Rugen. 14