JUNE 2015 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSEOTCQX:RNGE MKT: REI RNGE
Ring Energy Team Management Team Key Board Members Kelly Hoffman Lloyd T. (Tim) Rochford CEO and Director Co-Founder and Chairman of the Board Co-Founded AOCO and pioneered Fuhrman Mascho Co-Founder of Arena Resources field…
Ring Co-Founders Prior Success Proven and simple strategy Arena Resources was formed in 2001 by Tim Rochford and Stan McCabe with a focus of growing production and reserves organically and via acquisition Sold in July 2010 for…
Company Strategy Build premiere Permian Basin E&P company with focus on the Central Basin Platform Compliment with additional resource upside in the Mississippian play Proven strategy with focused approach Acquire Exploit…
Executive Summary Company Profile Midland, Texas based E&P company focused on domestic exploration and production of oil and natural gas with current operations in Texas and Kansas Year End 2014 Reserves: 10.4 MMBOE of proven…
Summary of Acquisition Opportunity Key Acquisition Terms Purchase Price: 75MM Effective date: May 1, 2015 Anticipated closing: June 30, 2015 Standard and customary closing conditions Financing the Acquisition Upsized Senior…
Deal Rationale Transaction increases Rings current daily production by 80% to over 2.75 MBoe/d Significantly Expand Rings Increase the net Permian acreage position by 80% to 32,000 net acres Size Increases PDP reserves by 125% to 7.5…
Overview of Acquired Assets Description of the Asset Asset Map Delaware Basin assets owned by a privately held exploration and production company 14,700 net acres (98% WI; 78% NRI) operated by the seller Current net production of…
Ring Investment Highlights Strong Management Team Proven track record of creating shareholder value Implement similar strategy as Arena Resources Leverage relationships in Permian Basin to source robust pipeline of acquisition…
Proven Strategy on Familiar Acreage Rings 29,738 gross acres (as of 12/31/14) position in Andrews and Gaines Counties is located - 10 miles north of the core of Arenas legacy acreage position Ring can execute its vertical drilling…
Permian Basin History Permian Basin 80 years of production 30 billion barrels produced Contains estimated 22% of remaining U.S. oil reserves and 29% of estimated U.S. reserve growth San Andres Zone Facts 1 6 billion San Andres…
San Andres Cross Section www.ringenergy.com NYSE MKT: REI OTCQX:RNGE 13
Ring Energys Permian Assets Andrews and Gaines Counties, Texas 29,738 gross acres Drilling Inventory PUD + Potential Locations - 40/20/10 Acre PUDs - 239 (SEC; as of 12/31/14) Wells Drilled in 2014 135 Additional Potential…
Kansas Leasehold Low Entry Cost Favorable Terms on Long Term Leasehold of 18,276 Gray, Finney & Haskell gross acres and 17,016 net acres. Counties, Kansas Entered into joint development agreement. Initiated pilot development…
Appendix www.ringenergy.com NYSE OTCQX:RNGE MKT: REI
Management Team Lloyd T. (Tim) Rochford Co-Founder and Chairman of the Board Mr. Rochford, 68, has been active as an individual consultant and entrepreneur in the oil and gas industry since 1973. During that time, he has been an…
Oil and Gas Reserves As Of December 31, 2014 Crude Oil Natural Gas Total PV-10 (Bbls) (Mcf) (Boe) (0) Proved Developed Reserves: Texas 4,433,614 255,688 4,476,229 147,660 Kansas 20,800 43,500 28,050 921 Total PD Reserves 4,454,414…
Income Statement 3 Months Ended March 31, 3 Months Ended March 31, 2015 2014 Revenue 6,045,701 5,970,452 Pre-Tax Income (Loss) (1,548,609) 1,847,125 Net Income (Loss) (975,624) 1,163,689 Earnings (Loss) Per Share1 (0.04)…
Balance Sheet 3 Mos Ending 12 Mos Ending ( thousands) 3/31/2015 12/31/2014 Assets: Cash and Cash Equivalents 2,850.12 8,622.24 Other Current Assets 6,004.76 6,461.06 Total Current Assets 8,854.88 15,083.30 PP&E, net…
Analyst Coverage Ring Energy, Inc. Analyst Coverage FIRM ANALYST Capital One Securities, Inc. Richard Tullis (504) 593-6118 richard.tulliscapitalone.com Euro Pacific Capital, Inc. Joel Musante, CFA (800) 727-7922 ext: 144…
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