Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Tengasco — Shareholder Meeting (October 2013)
13 slides from Riley Exploration Permian's shareholder meeting presentation, Oct 18, 2013
Slide 1: Annual Shareholders Meeting - October 17, 2013
Annual Shareholders MeetingOctober 17, 2013 TENGASCO, INC.
Slide 2: Outline of Presentation
Annual Shareholders Meeting - October 17, 2013Outline of Presentation Financial ReviewCapital Spending and Drilling ResultsKansas ProductionOther Events and TransactionsChairman’s CommentsQ&A
Slide 3: 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 4: Financial Summary – Continuing Operations
Annual Shareholders Meeting - October 17, 2013Financial Summary – Continuing Operations($ Thousands, except per share data) 2012 2011 Change PercentRevenues 20,557 17,062 3,495 20.5%Production cost and taxes (7,182) (5,944) (1,238) (20.8)%DD&A (3,403) (2,527) (876) (34.7)%General & administrative (2
Slide 5: Revenue Summary – Continuing Operations
Annual Shareholders Meeting - October 17, 2013Revenue Summary – Continuing Operations($ Thousands) 2012 2011 Change PercentOil revenues – Kansas 19,383 16,371 3,012 18.4%Oil Revenues – Swan Creek 313 329 (16) (4.9)%Gas Revenue – Swan Creek 144 111 33 29.7%Methane Plant Sales – Gas 219 190 29 15.3%Me
Slide 6: Financial Summary – Continuing Operations, 6 Months Ended June 30
Annual Shareholders Meeting - October 17, 2013Financial Summary – Continuing Operations($ Thousands, except per share data) 6 Months Ended June 30, 2013 2012 Change PercentRevenues 8,185 10,184 (1,999) (19.6)%Production cost and taxes (2,561) (3,602) 1,041 28.9%DD&A (1,537) (1,569) 32 2.0%General &
Slide 7: Revenue Summary – Continuing Operations, 6 Months
Annual Shareholders Meeting - October 17, 2013Revenue Summary – Continuing Operations($ Thousands) 6 Months Ended June 30, 2013 2012 Change PercentOil revenues – Kansas 7,616 9,595 (1,979) (20.6)%Oil Revenues – Swan Creek 174 126 48 38.1%Gas Revenue – Swan Creek 113 54 59 109.3%Methane Plant Sales –
Slide 8: Bank Borrowings – Month End Balance
Annual Shareholders Meeting - October 17, 2013Bank Borrowings – Month End Balance($ Thousands)
Slide 9: Capital Spending and Drilling / Polymer Results
Annual Shareholders Meeting - October 17, 2013Capital Spending and Drilling / Polymer Results($ Thousands) Est. Remaining 2013 2012 YTD 2013 1st Half 2014Capital Spending: Drilling 5,869 930 Polymers 1,241 146 Leasehold 305 106 Seismic 30 88 MMC 443 - Other 190 160 Total Capital Spending 8,078 1,430
Slide 10: Annual Kansas Gross Oil Production
Annual Shareholders Meeting - October 17, 2013Annual Kansas Gross Oil Production(Barrels)
Slide 11: Average Daily Kansas Gross Oil Production
Annual Shareholders Meeting - October 17, 2013Average Daily Kansas Gross Oil Production(Barrels)
Slide 12: Other Events / Transactions in 2012 and YTD 2013
Annual Shareholders Meeting - October 17, 2013Other Events / Transactions in 2012 and YTD 2013 June 2012 – received $1 million section 1603 refund related to MMCOctober 2012 – long time director, Dr. John Clendening passed awayJune 2013 – Jeff Bailey resigned and Mike Rugen named interim CEOAugust 2
Slide 13: The Company thanks our Shareholders
Annual Shareholders Meeting - October 17, 2013 The Company thanks our Shareholders .The Company also thanks our Employees and their families.