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April 2016 Corporate Presentation – Ring Energy Inc.

Ring Energy Inc. · Apr 26, 2016 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. April 2016 Corporate Presentation – Ring Energy Inc. – slide 1
    APRIL 2016 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSEOTCQX:RNGE MKT: REI RNGE
  2. April 2016 Corporate Presentation – Ring Energy Inc. – slide 2
    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…
  3. April 2016 Corporate Presentation – Ring Energy Inc. – slide 3
    Executive Summary Company Profile Midland, Texas based E&P company focused on domestic exploration and Mississippian production of oil and natural gas with current operations in Texas and Kansas Lime Play Year End 2015 Proved…
  4. April 2016 Corporate Presentation – Ring Energy Inc. – slide 4
    Central Basin Platform Asset Asset Description Andrews and Gaines 30,664 gross / 18,115 net acres 188 total drilled gross vertical wells (as of March Counties, Texas 1, 2016) March 2016 average net production of 1,105 New…
  5. April 2016 Corporate Presentation – Ring Energy Inc. – slide 5
    Why Horizontal Now Ring has quietly evaluated the horizontal well results from the sidelines and believes it can produce enhanced economic returns with horizontal development Horizontal results have grown increasingly consistent as…
  6. April 2016 Corporate Presentation – Ring Energy Inc. – slide 6
    Horizontal San Andres Activity As Ring has drilled vertically, there have been several active horizontal operators. Ring has Horizontal Pilot Area outlined the top 16 offsetting wells below. W-2 Gross BOE Net BOE / Sand / Gross…
  7. April 2016 Corporate Presentation – Ring Energy Inc. – slide 7
    3-Well Horizontal San Andres Pilot Overview Parallel Wells PDP Locations (3) PUD Locations (6) 2 PROB Locations (3) 3 POSS Locations (3) 5 12 14 16 7 1 9 11 15 3-Well Horizontal Pilot Assumptions 8 4 10…
  8. April 2016 Corporate Presentation – Ring Energy Inc. – slide 8
    Value Creation from Horizontal Pilot Program Single Well Estimates 1.5-mile Horizontal San Andres Conservatively chose a type curve of 400 MBoe for a 350 Drilling Costs 2,400,000 1.5-mile horizontal based on the average of 74 gross…
  9. April 2016 Corporate Presentation – Ring Energy Inc. – slide 9
    Central Basin Drilling Inventory 1,000+ 212 99 137 PUD Probable & Possible Potential San Additional Potential Vertical Vertical Andres Hz San Andres Vertical Spacing 6 wells per Includes a combination of 10s / 20s / 40s…
  10. April 2016 Corporate Presentation – Ring Energy Inc. – slide 10
    Investment Highlights Experienced Management Team Horizontal Well Pilot with Attractive High Degree of Economics in Operational Control Current Price Environment Track Record of Conservative Acquiring Attractive…
  11. April 2016 Corporate Presentation – Ring Energy Inc. – slide 11
    Appendix www.ringenergy.com NYSE OTCQX:RNGE MKT: REI
  12. April 2016 Corporate Presentation – Ring Energy Inc. – slide 12
    Delaware Basin Assets Asset Description 20,794 gross / 20,490 net acres Culberson and Reeves 1 total drilled gross vertical well (as of March 1, Counties, Texas 2016) Well performing in line with type curve expectations March 2016…
  13. April 2016 Corporate Presentation – Ring Energy Inc. – slide 13
    Lower Brushy Canyon Upside Successful horizontal lower Brushy Canyon wells approximately 3 miles north along with favorable log signature to the south indicates strong potential across Rings acreage 12,029 Gross Potential Acres…
  14. April 2016 Corporate Presentation – Ring Energy Inc. – slide 14
    Delaware Basin Drilling Inventory 774 Behind pipe zones 109 of interest Upper Brushy 115 Canyon Horizontal Vertical Cherry 550 Canyon 177 95 43 PUD Probable & Possible Potential Lower Additional Potential Vertical…
  15. April 2016 Corporate Presentation – Ring Energy Inc. – slide 15
    Growth in Reserves, Production & EBITDA Adjusted EBITDA (MM) Ring was able to add scale through the Delaware Basin 30.0 acquisition and has significantly grown production over the last several years 25.0 20.0 The low-decline…
  16. April 2016 Corporate Presentation – Ring Energy Inc. – slide 16
    Texas Acreage Growth Ring Energy Acreage Growth TX Gross TX Net Date Acres Acres 60,000 Current 51,458 38,605 12/31/2015 45,969 33,282 50,000 9/30/2015 45,969 33,272 40,000 6/30/2015 29,939 17,999 3/31/2015 29,898 17,725…
  17. April 2016 Corporate Presentation – Ring Energy Inc. – slide 17
    Central Basin Platform Type Curves San Andres Vertical Type Curve 30 Drilling Costs 325,000 Realized Oil Prices 35/Bbl 40/Bbl 50/Bbl 25 Net EUR (MBoe) 25.2 25.7 26.6 PV-10 88,290 167,220 326,530 20 IRR 22.7% 34.6% 62.6% Net…
  18. April 2016 Corporate Presentation – Ring Energy Inc. – slide 18
    CBP Waterflood Development Fisher Waterflood Block A-34 Waterflood 2,720 Gross Acres 930 Gross Acres Proved 1 5.667 MMBoe Proved Reserves 1 680 Gross Acres Probable & Possible 2 Low Risk Reserves 2.019 MMBoe Proved Reserves 1…
  19. April 2016 Corporate Presentation – Ring Energy Inc. – slide 19
    YE 2015 Oil and Gas Reserves Central Basin Platform (Net Delaware Basin (Net ) Total (Net) (3) Oil Gas Total PV-10 Oil Gas Total PV-10 Oil Gas Total PV-10 (MMBbl) (Bcf) (MMBoe) (M) (MMBbl) (Bcf) (MMBoe) (M) (MMBbl) (Bcf) (MMBoe)…
  20. April 2016 Corporate Presentation – Ring Energy Inc. – slide 20
    Income Statement 3 Months Ended Dec. 31, 12 Months Ended Dec. 31, ( thousands except per share) 2014 2015 2014 2015 Revenue 9,985 7,362 38,089 31,014 Pre-Tax Income 3,590 (11,626) 12,656 (14,056) Net Income 2,709 (7,473)…
  21. April 2016 Corporate Presentation – Ring Energy Inc. – slide 21
    Balance Sheet 12 Months Ending 12 Months Ending ( thousands) 12/31/2015 12/31/2014 Assets: Cash and Cash Equivalents 4,431 8,622 Other Current Assets 4,283 6,461 Total Current Assets 8,714 15,083 PP&E, net 241,267 152,558…
  22. April 2016 Corporate Presentation – Ring Energy Inc. – slide 22
    Management Team Lloyd T. (Tim) Rochford Co-Founder and Chairman of the Board Mr. Rochford, 69, has been active as an individual consultant and entrepreneur in the oil and gas industry since 1973. During that time, he has been an…

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