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March 2017 Corporate Presentation – Ring Energy Inc.

Ring Energy Inc. · Mar 23, 2017 · 23 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. March 2017 Corporate Presentation – Ring Energy Inc. – slide 1
    Corporate Presentation MARCH 2017 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSEOTCQX:RNGE MKT: REI RNGE
  2. March 2017 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. March 2017 Corporate 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. March 2017 Corporate Presentation – Ring Energy Inc. – slide 4
    Company Strategy Build premiere Permian Basin E&P company headquartered in Midland Exploit acreage position through highly economic, vertical and horizontal wells using the most recent drilling and completion techniques Acquire…
  5. March 2017 Corporate Presentation – Ring Energy Inc. – slide 5
    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…
  6. March 2017 Corporate Presentation – Ring Energy Inc. – slide 6
    Proven Reservoir Exploiting with Improved Technology Rings 42,852 gross acres position in Andrews and Gaines Counties is located - 10 miles north of the core of Arenas legacy acreage position Ring will maintain a vertical drilling…
  7. March 2017 Corporate Presentation – Ring Energy Inc. – slide 7
    Central Basin Platform Asset Asset Description Andrews and Gaines 42,852 gross / 25,790 net acres 192 total drilled gross vertical wells (as of Counties, Texas September 30, 2016) 3 total drilled gross horizontal wells (as of…
  8. March 2017 Corporate Presentation – Ring Energy Inc. – slide 8
    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…
  9. March 2017 Corporate Presentation – Ring Energy Inc. – slide 9
    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…
  10. March 2017 Corporate Presentation – Ring Energy Inc. – slide 10
    3-Well Horizontal San Andres Overview Parallel Wells PDP Locations (3) PUD Locations (6) PROB Locations (3) POSS Locations (3) 3-Well Horizontal Program Status Update Drilling began mid-August Completions began…
  11. March 2017 Corporate Presentation – Ring Energy Inc. – slide 11
    Central Basin Drilling Inventory 1,000+ 238 Horizontal 217 6 Vertical 105 Horizontal 211 6 Vertical 99 PUD Probable & Possible Potential San Andres Additional Potential San Horizontal Andres Vertical Spacing 6…
  12. March 2017 Corporate Presentation – Ring Energy Inc. – slide 12
    Delaware Basin Assets Asset Description 20,794 gross / 20,490 net acres Culberson and Reeves 4 total drilled gross vertical well (as of September Counties, Texas 30, 2016) Well performing in line with type curve expectations…
  13. March 2017 Corporate Presentation – Ring Energy Inc. – slide 13
    Delaware Basin Drilling Inventory Behind pipe zones 109 of interest Upper Brushy 115 Canyon Horizontal Vertical Cherry 550 Canyon 170 95 52 PUD Vertical Probable & Possible Potential Lower Brushy Additional…
  14. March 2017 Corporate Presentation – Ring Energy Inc. – slide 14
    Recent Developments & Preliminary 2017 Capex Guidance Recent Developments Three-well horizontal drilling program began in mid-August in the Central Basin Platform Augustus 1H and Tiberius 1H 24 hour well test after 45 days on…
  15. March 2017 Corporate Presentation – Ring Energy Inc. – slide 15
    Growth in Reserves & Production Ring was able to add scale through the Delaware Basin acquisition and has significantly grown production over the last several years The low-decline nature of the Permian Basin assets help Ring…
  16. March 2017 Corporate Presentation – Ring Energy Inc. – slide 16
    Texas Acreage Growth Ring Energy Acreage Growth TX Gross TX Net Date Acres Acres 70,000 Current 63,646 46,280 12/31/2015 45,969 33,282 60,000 9/30/2015 45,969 33,272 50,000 6/30/2015 29,939 17,999 40,000 3/31/2015 29,898…
  17. March 2017 Corporate Presentation – Ring Energy Inc. – slide 17
    Appendix www.ringenergy.com NYSE OTCQX:RNGE MKT: REI
  18. March 2017 Corporate Presentation – Ring Energy Inc. – slide 18
    Management Team Lloyd T. (Tim) Rochford Co-Founder and Chairman of the Board Mr. Rochford, 70, has been active as an individual consultant and entrepreneur in the oil and gas industry since 1973. During that time, he has been an…
  19. March 2017 Corporate Presentation – Ring Energy Inc. – slide 19
    Management Team (contd) David A. Fowler President and Director Mr. Fowler, 58, has served in several management positions for various companies in the insurance and financial services industries. In 1994, he joined Petroleum Listing…
  20. March 2017 Corporate Presentation – Ring Energy Inc. – slide 20
    Oil and Gas Reserves As Of December 31, 2016 Crude Oil Natural Gas Total PV-10 (Bbls) (Mcf) (Boe) (in thousands) Proved Developed Reserves: Texas 8,451,200 10,223,800 10,155,167 112,853 Kansas 27,800 257,500 70,717 523 Total…
  21. March 2017 Corporate Presentation – Ring Energy Inc. – slide 21
    Income Statement 3 Months Ended December 31, 12 Months Ended December 31, 2015 2016 2015 2016 Revenue 7,362,394 9,830,708 31,013,892 30,850,248 Pre-Tax Income (11,311,117) 1,359,936 (13,314,334) (57,625,272) Net Income…
  22. March 2017 Corporate Presentation – Ring Energy Inc. – slide 22
    Balance Sheet 12 Months Ending 12 Months Ending ( thousands) 12/31/2016 12/31/2015 Assets: Cash and Cash Equivalents 71,086.38 4,431.35 Other Current Assets 4,134.53 4,283.14 Total Current Assets 75,220.91 8,714.49 PP&E, net…
  23. March 2017 Corporate Presentation – Ring Energy Inc. – slide 23
    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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