Corporate Presentation May 2017 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSEOTCQX:RNGE MKT: REI RNGE
Investment Highlights Build strong Permian acreage position with a focused asset base in the Central Basin Platform and Delaware Basins Permian Focus The Permian offers industry-leading break-evens and is one of the major producing…
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 headquartered in Midland Exploit acreage position through highly economic, vertical and horizontal wells using the most recent drilling and completion techniques Acquire…
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 Year End 2016 Proved Reserves: 27.7 MMBoe with PV-10 of 217.3…
Exploiting with Improved Technology Of Rings 97,604 gross acres position in Andrews and Gaines Counties approximately 87,000 acres is dedicated to horizontal Ring will drill the San Andres with increased efficiency via horizontal…
Central Basin Platform Asset Asset Description 97,604 gross / 69,456 net total acres 192 total drilled gross vertical wells (as of March 31, 2017) 10 total drilled gross horizontal San Andres wells and 9 SWDs (as of March 31, 2017)…
Proven Reservoir San Andres Formation Permian Basin Geology Over 30 BBL produced from the Permian over the past 90 years with approximately 12 BBL and 2 TCF from the San Andres The San Andres is a Permian Age Carbonate Reservoir…
San Andres Cross Section www.ringenergy.com NYSE MKT: REI 11
San Andres Well Economics San Andres San Andres (1.0 mile lateral) (1.5 mile lateral) Average Well Cost 2.0MM 2.4MM Cost per DSU 640k 1 960k 2 6 6 Locations per DSU (1 Bench) (1 Bench) Acreage Cost per Location 107k 160k…
Central Basin Drilling Inventory 1,000+ 796 187 202 Horizontal 13 Horizontal 16 Vertical Vertical 174 186 1,2 1,4 PUD Probable & Possible Potential San 3,4 Additional Potential San Andres Horizontal Andres Vertical 4…
Delaware Basin Assets Asset Description 20,794 gross / 20,490 net total acres Culberson and Reeves Bell Canyon: 20,794 gross / 20,490 net Counties, Texas Cherry Canyon: 14,154 gross / 13,850 net Brushy Canyon: 12,029 gross / 11,735…
Recent Developments & 2017 Capex Guidance Recent Developments In April 2017, Ring announced the acquisition of 33,000 undeveloped acres in Gaines County, Texas for approximately 16.6 MM (500 per acre) More than 50% of the acquired…
Growth in Reserves & Production Ring was able to add scale through its leasing, acquisition, and horizontal drilling activity significantly growing production over the last several years The low-decline nature of the Permian Basin…
Texas Acreage Growth Ring Energy Acreage Growth TX Gross TX Net Date Acres Acres 140,000 YE 2013 YE 2014 YE 2015 YE 2016 4/17/2017 118,398 89,946 12/31/2016 74,376 53,153 120,000 9/30/2016 63,646 46,280 100,000 6/30/2016…
Appendix www.ringenergy.com NYSE OTCQX:RNGE MKT: REI
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…
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…
Oil and Gas Reserves As Of December 31, 2016 Crude Oil Natural Gas Total PV-10 (MBbls) (MMcf) (MBoe) (in thousands) Proved Developed Reserves: Texas 8,451 10,224 10,155 112,853 Kansas 28 258 71 523 Total PD Reserves 8,479…
Income Statement 3 Months Ended March 31, 12 Months Ended December 31, 2015 2016 2016 2017 Revenue 6,092,388 12,243,793 31,013,892 30,850,248 Pre-Tax Income (24,246,101) 2,619,531 (13,314,334) (57,625,272) Net Income…
Balance Sheet As of As of ( thousands) 12/31/2016 3/31/2017 Assets: Cash and Cash Equivalents 71,086 55,418 Other Current Assets 4,135 5,160 Total Current Assets 75,221 60,579 PP&E, net 211,919 239,926 Total Assets 1…
Analyst Coverage Ring Energy, Inc. Analyst Coverage FIRM ANALYST(S) Capital One Securities, Inc. Richard Tullis (504) 593-6118 richard.tulliscapitalone.com Euro Pacific Capital, Inc. Joel Musante, CFA (800) 727-7922 ext: 144…
Loading...
