Corporate Presentation May 2018 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSE American: REI
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…
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 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 2017 Proved Reserves: 31.9 MMBoe with PV-10 of 382.1…
Exploiting with Improved Technology Of Rings 102,632 gross acres position in Andrews and Gaines Counties approximately 98,000 acres is dedicated to horizontal Ring will drill the San Andres with increased efficiency via horizontal…
Central Basin Platform Asset Asset Description 102,632 gross / 69,756 net total acres 193 total drilled gross vertical wells (as of March 31, 2018) 62 total drilled gross horizontal San Andres wells and 13 SWDs (as of March 31,…
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 American: REI 11
San Andres Well Economics San Andres San Andres (1.0 mile lateral) (1.5 mile lateral) Average Well Cost 2.2MM 2.6MM 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 796 396 147 Horizontal Horizontal 122 11 24 Vertical Vertical 136 98 PUD 1,2 Probable & Possible 1,3 Potential San Andres Vertical 3 Potential San 3 Andres Horizontal Spacing 6 wells…
Delaware Basin Assets Asset Description 20,218 gross / 19,917 net total acres Culberson and Reeves Bell Canyon: 20,218 gross / 19,917 net Counties, Texas Cherry Canyon: 14,098 gross / 13,798 net Brushy Canyon: 11,453 gross / 11,162…
Recent Developments & 2018 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 Date TX Gross TX Net Ring Energy Acreage Growth Acres Acres 3/31/2018 122,850 89,673 140,000 YE 2013 YE 2014 YE 2015 YE 2016 YE 2017 12/31/2017 122,995 89,791 9/30/2017 123,541 91,094 120,000 6/30/2017…
Appendix www.ringenergy.com NYSE American: REI
Management Team Lloyd T. (Tim) Rochford Co-Founder and Chairman of the Board Mr. Rochford, 71, 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, 59, 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, 2017 Crude Oil Natural Gas Total PV-10 (MBbls) (MMcf) (MBoe) (in thousands) Proved Developed Reserves: 12,516 11,274 14,395 218,905 Proved Developed Non-Producing Reserves: 2,806 1,400…
Income Statement 3 Months Ended March 31, 12 Months Ended December 31, 2018 2017 2017 2016 Revenue 29,891,391 12,243,793 66,699,700 30,850,248 Pre-Tax Income 8,633,863 2,619,531 12,170,040 (57,625,272) Net Income 5,665,634…
Balance Sheet As of As of ( thousands) 3/31/2018 12/31/2017 Assets: Cash and Cash Equivalents 47,036 15,007 Other Current Assets 14,215 14,117 Total Current Assets 61,251 29,124 PP&E, net 414,619 373,611 Total Assets 1…
Analyst Coverage Ring Energy, Inc. Analyst Coverage FIRM ANALYST(S) B. Riley FBR, Inc. Rehan Rashid (703) 469-1184 rrashidbrileyfbr.com Capital One Securities, Inc. Richard Tullis (504) 593-6118 richard.tulliscapitalone.com…
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