Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Tengasco — Shareholder Meeting (December 2017)
16 slides from Riley Exploration Permian's shareholder meeting presentation, Dec 15, 2017
Slide 1: Annual Shareholders Meeting
Annual Shareholders MeetingDecember 12, 2017 TENGASCO, INC. 1
Slide 2: Outline of Presentation
Annual Shareholders Meeting – December 12, 2017Outline of Presentation Introduction of Directors, Officers, and EmployeesForward Looking StatementsSignificant Activities Since The Last Shareholders MeetingOil PricesCapital Spending and Drilling ResultsKansas ProductionBorrowings on Credit FacilityFi
Slide 3: Directors and Officers
Annual Shareholders Meeting – December 12, 2017Directors 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 Comm
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 12, 2017Significant Activities Since The Last Shareholders Meeting Rights offering funding occurred in February 2017Continued to evaluate opportunities (primarily in Kansas, Oklahoma, New Mexico, and Texas)Current inventoryCorporateAcquisition of producing prop
Slide 6: Capital Spending and Drilling Results
Annual Shareholders Meeting – December 12, 2017Capital Spending and Drilling Results($ Thousands) YTD Est. FY 2016 Sep. 2017 2017Capital Spending (includes accruals): Drilling 88 69 69 Leasehold 8 70 70 Seismic 308 - - Other 76 69 69 Total Capital Spending 480 208 208Drilling, Polymers, and Recomple
Slide 7: Average Monthly Oil Price Received
Annual Shareholders Meeting – December 12, 2017Average Monthly Oil Price Received($ per barrel) 7
Slide 8: Average Daily Gross Operated Production For Selected Months
Annual Shareholders Meeting – December 12, 2017Average Daily Gross Operated Production For Selected Months(Barrels of Oil Per Day) 8
Slide 9: Bank Borrowings – Quarter End Balance
Annual Shareholders Meeting – December 12, 2017Bank Borrowings – Quarter End Balance($ Thousands) 9
Slide 10: Financial Summary
Annual Shareholders Meeting – December 12, 2017Financial Summary($ Thousands, except per share data, sales volumes, and price per barrel) 9 Months Ended September 30, * 2017 2016 Change PercentRevenues 3,841 3,456 385 11.1%Production cost and taxes (2,951) (2,570) (381) (14.8)%DD&A (705) (904) 199 2
Slide 11: Production Cost and Taxes & General and Administrative
Annual Shareholders Meeting – December 12, 2017Production Cost and Taxes & General and Administrative($ Thousands, except cost per barrel) 9 Months Ended September 30, * 2017 2016 Change PercentProduction Cost and Taxes:Kansas (2,595) (2,320) (275) (11.9)%Methane Facility (356) (250) (106) (42.4)%To
Slide 12: Financial Summary
Annual Shareholders Meeting – December 12, 2017Financial Summary($ Thousands, except per share data, sales volumes, and price per barrel) Year Ended December 31, 2016 2015 Change PercentRevenues 4,672 6,164 (1,492) (24.2)%Production cost and taxes (3,421) (4,224) 803 19.0%DD&A (1,139) (2,676) 1,537
Slide 13: 2018 Outlook
Annual Shareholders Meeting – December 12, 20172018 Outlook To date 4th quarter 2017 pricing is higher than average for the first 3 quarters of 2017Company will continue to manage our borrowing levelsContinue to identify and evaluate opportunitiesCurrent inventoryCorporateAcquisition of producing pr
Slide 14: Thank you to employees and shareholders
Annual Shareholders Meeting – December 12, 2017 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 15: Results of Voting
Annual Shareholders Meeting – December 12, 2017 Results of Voting 15
Slide 16: Shareholder Questions to Management
Annual Shareholders Meeting – December 12, 2017 Shareholder Questions to ManagementPlease state your name, confirm you are a shareholder of the Company, and direct your questions to Mike Rugen. 16