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Raging River Exploration Breakout Notes

Bruce Beynon, president of Raging River Exploration Inc., (ticker: RRX) presented today at EnerCom’s The Oil & Gas Conference® 22.

Raging River holds its core producing assets in the Dodsland Viking area where it has begun utilizing a new spacing design and longer laterals to increase production. In addition to its core Viking assets, the company acquired approximately 99,200 net acres in the Duvernay light oil play, where it will conduct drilling in late 2017.

During the company’s breakout session, management was asked the following questions:

  • Do you have comments on the overpressure of the Duvernay?
  • You said that your well cost was five million. What is your plan to decrease your well cost?
  • Who do you lease this land from?
  • How did you choose betwen the Duvernay versus others?
  • How much success have you gotten from new leasing and development?
  • Are you still looking for new land to lease?
  • What is your company’s five year plan?
  • You mention it took you two days to drill. How typical is that number of days to drill in the Viking compare to other companies?
  • What are some of the challenges you see for secondary recovery in the Viking?
  • How much acreage in the Viking is suitable for waterflooding?
  • What kind of recovery factor are you getting in the Viking with vertical wells?
  • Compare to WTI, what kind of differential are you seeing from Viking and Duvernay?
  • Elaborate on the single digit on development cost you mentioned on your presentation.
  • You mention a $4 million cost per section. How much of that goes to wellbore, line development and other costs?

Raging River presented at EnerCom’s 2017 The Oil & Gas Conference®.

You can listen to the company’s presentation by clicking here.

You can view the company’s Q2 update by clicking here.

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