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October 2016 Investor Presentation – Ring Energy Inc.

Ring Energy Inc. · Oct 6, 2016 · 17 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. October 2016 Investor Presentation – Ring Energy Inc. – slide 1
    OCTOBER 2016 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSEOTCQX:RNGE MKT: REI RNGE
  2. October 2016 Investor 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. October 2016 Investor Presentation – Ring Energy Inc. – slide 3
    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…
  4. October 2016 Investor Presentation – Ring Energy Inc. – slide 4
    Company Strategy Build premiere Permian Basin E&P company Compliment with additional Kansas resource upside in the Mississippian play Proven strategy with focused approach Acquire Exploit Explore Look for upside Apply new Step…
  5. October 2016 Investor Presentation – Ring Energy Inc. – slide 5
    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 2015 Reserves: 24.4 MMBOE of proven…
  6. October 2016 Investor Presentation – Ring Energy Inc. – slide 6
    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…
  7. October 2016 Investor Presentation – Ring Energy Inc. – slide 7
    Proven Strategy on Familiar Acreage Rings 30,663 gross acres (as of 12/31/15) 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…
  8. October 2016 Investor Presentation – Ring Energy Inc. – slide 8
    San Andres Cross Section www.ringenergy.com NYSE MKT: REI OTCQX:RNGE 9
  9. October 2016 Investor Presentation – Ring Energy Inc. – slide 9
    Ring Energys Permian Assets 2015 Activity and Current Production Andrews and Gaines Counties, Texas 30,663 Gross Acres Drilled 8 wells Completed 12 wells (carry over from 2014) Re-completed 5 wells Re-fraced 3 wells…
  10. October 2016 Investor Presentation – Ring Energy Inc. – slide 10
    Rings Delaware Basin Assets Description of the Asset Culberson and Reeves Acquired assets from private company for 75MM in Counties, Texas June 2015 Financed the acquisition with a 51.75MM equity issuance and fundings under the…
  11. October 2016 Investor Presentation – Ring Energy Inc. – slide 11
    Kansas Leasehold Description of the Asset Low Entry Cost Gray, Finney & Haskell Favorable Terms on Long Term Leasehold of Counties, Kansas 17,631 gross acres and 16,673 net acres. Entered into joint development agreement.…
  12. October 2016 Investor Presentation – Ring Energy Inc. – slide 12
    Rings Growth in Production & Reserves Ring was able to add scale through the Delaware Basin acquisition and has significantly grown production on its Platform assets over the last several years The low-decline nature of the Permian…
  13. October 2016 Investor Presentation – Ring Energy Inc. – slide 13
    Texas Acreage Growth TX Gross TX Net Date Acres Acres 12/1/2015 45,968.66 33,281.75 9/30/2015 45,968.66 33,271.85 6/30/2015 29,938.80 17,999.25 3/31/2015 29,897.68 17,725.37 12/31/2014 29,737.68 17,269.69 9/30/2014…
  14. October 2016 Investor Presentation – Ring Energy Inc. – slide 14
    Oil and Gas Reserves As Of December 31, 2015 Crude Oil Natural Gas Total PV-10 (Bbls) (Mcf) (Boe) (in thousands) Proved Developed Reserves: Texas 7,148,900 8,541,400 8,572,467 111,354 Kansas 18,400 0 18,400 378 Total PD…
  15. October 2016 Investor Presentation – Ring Energy Inc. – slide 15
    Income Statement 3 Months Ended June 30, 6 Months Ended June 30, 2015 2016 2015 2016 Revenue 8,976,790 7,104,609 15,022,491 13,196,997 Pre-Tax Income 940,683 (25,528,459) (607,926) (49,774,560) Net Income 534,167 (15,941,500)…
  16. October 2016 Investor Presentation – Ring Energy Inc. – slide 16
    Balance Sheet 6 Months Ending 12 Months Ending ( thousands) 6/30/2016 12/31/2015 Assets: Cash and Cash Equivalents 8,328.71 4,431.35 Other Current Assets 4,141.59 4,283.14 Total Current Assets 12,470.30 8,714.49 PP&E, net…
  17. October 2016 Investor Presentation – Ring Energy Inc. – slide 17
    Analyst Coverage Ring Energy, Inc. Analyst Coverage FIRM ANALYST(S) Canaccord Genuity Inc. Sam Burwell (212) 389-8051 SBurwellcanaccordgenuity.com Capital One Securities, Inc. Richard Tullis (504) 593-6118…

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