Razor Energy presents at EnerCom’s The Oil & Gas Conference®

Razor Energy (ticker: RZE) is a publicly-traded junior oil and gas development and production company headquartered in Calgary, Alberta. Its business is concentrated on acquiring, enhancing, producing oil and gas properties primarily in Alberta.

Q2 highlights

  • Achieved average production of 5,023 barrels of oil equivalent per day (“boepd”) in the second quarter of 2018, a 59% increase from the same period in 2017 due to Kaybob acquisitions, general reactivation and optimization activities, and Kaybob area drilling.
  • Generated adjusted funds flow of $8.7 million in the second quarter of 2018 compared to $1.7 million in the second quarter of 2017.
  • Reported $2.5 million after tax net income in the second quarter of 2018 compared to a $1.6 million net loss in the same period last year.
  • Increased net revenues by 145% in the second quarter of 2018 from the same period in 2017, due to the Kaybob acquisition, coupled with increased production and 30% increase in realized prices.
  • On June 18, 2018, Razor entered into a $4.4 million four year finance lease to fund a portion of the natural gas power generators and associated equipment purchase.

Breakout session at the EnerCom conference

During Razor Energy breakout session at the 2018 EnerCom conference, management was asked the following questions:

  • Are you actively hedging for production barrels on the forward curve?
  • Can you talk a bit about cashless collars?
  • For pipeline infrastructure in Canada – what’s taking place in terms of crude oil projects?
  • You mentioned that crude oil is not an issue because it can be transported by rail. Are there takeaway constraints for natural gas?
  • Where are you railing the crude rail to?
  • I’m curious from a trend standpoint – what trends are you seeing in the Canadian gas industry right now?
  • What do you expect outspend to be next year?
  • Just in general, during winter, do you have problems with sourcing water and keeping it flowing?
  • Do you use any chemicals or anything, or just pure recycled water?
  • In the US, we’ve been more and more oil and gas friendly political environments. In Canada, it seems that most people are still against drilling – what changes have we seen on that front?
  • It seems that your oil mostly just reaches the north and the west, will you be expanding to the east?
  • Is there anything we need to pay attention to going forward?

You can listen to Razor Energy’s presentation here.

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