Short RICS overview presentation

Editor's Notes

• #3: The statement in black on this slide sums up the entire effort of what the RICS process is and why it is important to our customers. A Multi Company, Multi Disciplinary Team developed to Identify, Analyze, Quantify, Derisk, and Rank Candidates to meet Customer Multi Disciplinary Requirements The system needs to be able to review large amounts of public domain data and from that identify the potential candidates. Once identified, we need to analyze the wells in three major ways Stimulation Index (how was the well originally completed versus how we might do it today)? Productivity Index How has this well performed compared to peers, and taking into account its original completion method Reservoir Index What can we learn about the well related to its reservoir quality. Dis the well perform as it did due to reservoir quality or in spite of reservoir quality? Once they are analyzed we run production analysis to optimize a frac design. From this we run economics models and risk models to rank the wells and predict their economic returns based on the customers requirements. Wells that meet this final hurdle are then presented to the customer as RICS process wells. This leads to the designed intervention being run.
• #4: In addition to what each team member brings to the RICS group, they have added services that can be used to enhance the solutions we provide to our customers. Each company shown represents a best in class company for the expertise they provide and together “The whole is greater than the sum of the pieces”
• #5: This graphic is designed to represent a very complex process in a simplistic manner. The funnel represents the RICS engine and its ability to take vast quantities of data and to distill it into specific candidates that represent the best chance for customers to reap optimal financial benefits from their inventory of aging wells. It incorporates all available public domain data, proprietary data from customers on their wells (not required, but beneficial), proprietary filtering analytics, and customized recompletion designs that incorporate best of class completion technology into a tool to deliver de-risked candidates that will meet or exceed the customers definition of success….ie exceeds X% IRR or deliver Y% ROI etc.
• #8: This slide is designed to push the differentiation we provide to the customer from other pumping companies. RICS Team represents a broad array of talents and expertise. We represent a Virtual Extension of the Customers Staff that can be working refrac and intervention arena even if the customers team is busy with the new drill market Proprietary Large Data Analytics differentiates us from competitors as well as customers. This is the first of its kind in the industry engine to review big data sets and return viable candidates quickly, efficiently, and without the human bias that can impact success of interventions Candidate Ranking provides a means of selecting target wells based on an economic return versus any other criteria. Since our customers make all decisions based on rate of return, it only makes sense that we present the candidates in a similar manner Understanding what defines success financially for the customer will allow us to queue up the candidates that meet or exceed this parameter. Other wells can still be recompleted, but it now becomes a “business decision” for the customer, knowing what they now know rather than guessing at which might work, thus reducing poor performers from the refrac candidates. Customizable business model allows maximum flexibility for our customers. From our traditional model, to a risk reward, even going so far as to arranging outside funding of projects that might not have internal spending support, but could easily support outside funding. These all help RockPile to provide what the customer wants, when they want it, and how they want to pay for it.
• #9: This summary is meant to reinforce differentiators that we bring to the market in the Refrac domain.