Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Tengasco — Shareholder Meeting (December 2019)
13 slides from Riley Exploration Permian's shareholder meeting presentation, Dec 18, 2019
Slide 1: Annual Shareholders Meeting December 13, 2019
Annual Shareholders MeetingDecember 13, 2019 TENGASCO, INC. 1
Slide 2: Outline of Presentation
Annual Shareholders Meeting – December 13, 2019Outline of Presentation Directors and OfficersForward Looking StatementsSignificant Activities Since The Last Shareholders MeetingCapital Spending and Drilling ResultsOil PricesProductionFinancial ReviewNine months ended September 30, 2019 and 2018Year
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 13, 2019Significant Activities Since The Last Shareholders Meeting Continued to evaluate opportunities (primarily in Kansas, Oklahoma, New Mexico, and Texas)Current inventoryCorporateAcquisition of producing propertiesAcreageNon-operated opportunitiesDrilled on
Slide 6: Capital Spending and Drilling Results
Annual Shareholders Meeting – December 13, 2019Capital Spending and Drilling Results($ Thousands) YTD Est. FY 2018 Sep. 2019 2019Capital Spending (includes accruals): Drilling 537 128 494 Polymers 244 - - Leasehold and Seismic 107 16 16 Field Vehicles 163 32 32 Acquire Drilling Program Interests 164
Slide 7: Average Monthly Oil Price Received
Annual Shareholders Meeting – December 13, 2019Average Monthly Oil Price Received($ per barrel) 7
Slide 8: Average Daily Gross Operated Production For Selected Months
Annual Shareholders Meeting – December 13, 2019Average Daily Gross Operated Production For Selected Months(Barrels of Oil Per Day) 8
Slide 9: Financial Summary – Continuing Operations (Nine Months Ended September 30)
Annual Shareholders Meeting – December 13, 2019Financial Summary – Continuing Operations($ Thousands, except per share data, sales volumes, and price per barrel) 9 Months Ended September 30, * 2019 2018 Change Percent Revenues 3,777 4,497 (720) (16.0)%Production cost and taxes (2,604) (2,502) (102)
Slide 10: Financial Summary – Continuing Operations (Year Ended December 31)
Annual Shareholders Meeting – December 13, 2019Financial Summary – Continuing Operations($ Thousands, except per share data, sales volumes, and price per barrel) Year Ended December 31, 2018 2017 Change PercentRevenues 5,871 4,683 1,188 25.4%Production cost and taxes (3,591) (3,444) (147) (4.2)%DD&A
Slide 11: Thank you to employees and shareholders
Annual Shareholders Meeting – December 13, 2019 The Company’s management and Board of Directors thank all our employees and their families for their dedication and contribution to Tengasco. We also thank the shareholders for your continued support. We hope to see you again next year at our Sharehold
Slide 12: Results of Voting
Annual Shareholders Meeting – December 13, 2019 Results of Voting 12
Slide 13: Shareholder Questions to Management
Annual Shareholders Meeting – December 13, 2019 Shareholder Questions to ManagementPlease state your name, confirm you are a shareholder of the Company, and direct your questions to Mike Rugen. 13