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October 2017 Corporate Presentation – Ring Energy Inc.

Ring Energy Inc. · Oct 6, 2017 · 24 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.

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  1. October 2017 Corporate Presentation – Ring Energy Inc. – slide 1
    Corporate Presentation October 2017 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSE American: OTCQX:RNGEREI RNGE
  2. October 2017 Corporate Presentation – Ring Energy Inc. – slide 2
    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…
  3. October 2017 Corporate Presentation – Ring Energy Inc. – slide 3
    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…
  4. October 2017 Corporate Presentation – Ring Energy Inc. – slide 4
    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…
  5. October 2017 Corporate Presentation – Ring Energy Inc. – slide 5
    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…
  6. October 2017 Corporate Presentation – Ring Energy Inc. – slide 6
    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…
  7. October 2017 Corporate Presentation – Ring Energy Inc. – slide 7
    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…
  8. October 2017 Corporate Presentation – Ring Energy Inc. – slide 8
    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)…
  9. October 2017 Corporate Presentation – Ring Energy Inc. – slide 9
    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…
  10. October 2017 Corporate Presentation – Ring Energy Inc. – slide 10
    San Andres Cross Section www.ringenergy.com NYSE American: REI 11
  11. October 2017 Corporate Presentation – Ring Energy Inc. – slide 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…
  12. October 2017 Corporate Presentation – Ring Energy Inc. – slide 12
    Central Basin Drilling Inventory 1,000+ 796 187 202 Horizontal 13 Horizontal 16 Vertical Vertical 174 186 PUD 1,2 Probable & Possible1,4 Potential San Additional Potential San Andres Horizontal3,4 Andres Vertical 4…
  13. October 2017 Corporate Presentation – Ring Energy Inc. – slide 13
    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…
  14. October 2017 Corporate Presentation – Ring Energy Inc. – slide 14
    Delaware Basin Drilling Inventory 647 109 Behind pipe zones of interest 538 Vertical Cherry Canyon 210 182 44 PUD Vertical 1 Probable & Possible Potential Delaware Additional Potential Vertical 2 Mountain Group…
  15. October 2017 Corporate Presentation – Ring Energy Inc. – slide 15
    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…
  16. October 2017 Corporate Presentation – Ring Energy Inc. – slide 16
    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…
  17. October 2017 Corporate Presentation – Ring Energy Inc. – slide 17
    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…
  18. October 2017 Corporate Presentation – Ring Energy Inc. – slide 18
    Appendix www.ringenergy.com NYSE American: OTCQX:RNGEREI
  19. October 2017 Corporate Presentation – Ring Energy Inc. – slide 19
    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…
  20. October 2017 Corporate Presentation – Ring Energy Inc. – slide 20
    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…
  21. October 2017 Corporate Presentation – Ring Energy Inc. – slide 21
    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…
  22. October 2017 Corporate Presentation – Ring Energy Inc. – slide 22
    Income Statement 3 Months Ended June 30, 12 Months Ended June 30, 2016 2017 2016 2017 Revenue 7,104,609 14,503,309 13,196,997 26,747,102 Pre-Tax Income (25,528,459) 2,668,923 (49,774,560) 5,288,454 Net Income (15,941,500)…
  23. October 2017 Corporate Presentation – Ring Energy Inc. – slide 23
    Balance Sheet As of As of ( thousands) 12/31/2016 6/30/2017 Assets: Cash and Cash Equivalents 71,086 12,136 Other Current Assets 4,135 9,276 Total Current Assets 75,221 21,412 PP&E, net 211,919 288,699 Total Assets 1…
  24. October 2017 Corporate Presentation – Ring Energy Inc. – slide 24
    Analyst Coverage Ring Energy, Inc. Analyst Coverage FIRM ANALYST(S) Capital One Securities, Inc. Richard Tullis (504) 593-6118 richard.tulliscapitalone.com Coker Palmer Institutional David Beard, CFA (631) 725-8810…

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