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September 2018 Corporate Presentation – Ring Energy Inc.

Ring Energy Inc. · Sep 28, 2018 · 25 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. September 2018 Corporate Presentation – Ring Energy Inc. – slide 1
    Corporate Presentation September 2018 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSE American: REI
  2. September 2018 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. September 2018 Corporate Presentation – Ring Energy Inc. – slide 3
    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…
  4. September 2018 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. September 2018 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. September 2018 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 2017 Proved Reserves: 31.9 MMBoe with PV-10 of 382.1…
  7. September 2018 Corporate Presentation – Ring Energy Inc. – slide 7
    Exploiting with Improved Technology Of Rings 103,048 gross acres position in Andrews and Gaines Counties approximately 99,500 acres is dedicated to horizontal Ring will drill the San Andres with increased efficiency via horizontal…
  8. September 2018 Corporate Presentation – Ring Energy Inc. – slide 8
    Central Basin Platform Asset Asset Description 103,048 gross / 70,646 net total acres 193 total drilled gross vertical wells (as of June 30, 2018) 76 total drilled gross horizontal San Andres wells and 12 SWDs (as of June 30, 2018)…
  9. September 2018 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. September 2018 Corporate Presentation – Ring Energy Inc. – slide 10
    San Andres Cross Section www.ringenergy.com NYSE American: REI 11
  11. September 2018 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 2.2MM 2.6MM Cost per DSU 640k 1 960k 2 6 6 Locations per DSU (1 Bench) (1 Bench) Acreage Cost per Location 107k 160k…
  12. September 2018 Corporate Presentation – Ring Energy Inc. – slide 12
    Central Basin Drilling Inventory 796 396 147 132 Horizontal Horizontal 11 34 Vertical Vertical 136 98 PUD 1,2 Probable & Possible 1,3 Potential San Andres Vertical 3 Potential San 3 Andres Horizontal Spacing 6 wells…
  13. September 2018 Corporate Presentation – Ring Energy Inc. – slide 13
    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…
  14. September 2018 Corporate Presentation – Ring Energy Inc. – slide 14
    Delaware Basin Drilling Inventory 561 Behind pipe zones 109 of interest 452 Vertical Cherry 182 Canyon Horizontal 2 210 Vertical 180 180 39 1 PUD Vertical Probable & Possible Vertical 2 Potential Delaware Mountain…
  15. September 2018 Corporate Presentation – Ring Energy Inc. – slide 15
    Recent Developments & 2018 Capex Guidance Recent Developments 76 horizontal wells on production at the end of Q118. Additionally, 14 horizontal wells have been drilled and are in varying stages of completion and testing The Company…
  16. September 2018 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. September 2018 Corporate Presentation – Ring Energy Inc. – slide 17
    Texas Acreage Growth Date TX Gross TX Net Ring Energy Acreage Growth Acres Acres 6/30/2018 123,266 90,563 140,000 YE 2013 YE 2014 YE 2015 YE 2016 YE 2017 3/31/2018 122,850 89,673 12/31/2017 122,995 89,791 120,000 9/30/2017…
  18. September 2018 Corporate Presentation – Ring Energy Inc. – slide 18
    Appendix www.ringenergy.com NYSE American: REI
  19. September 2018 Corporate Presentation – Ring Energy Inc. – slide 19
    Management Team Lloyd T. (Tim) Rochford Co-Founder and Chairman of the Board Mr. Rochford, 72, 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. September 2018 Corporate Presentation – Ring Energy Inc. – slide 20
    Management Team (contd) David A. Fowler President and Director Mr. Fowler, 60, has served in several management positions for various companies in the insurance and financial services industries. In 1994, he joined Petroleum Listing…
  21. September 2018 Corporate Presentation – Ring Energy Inc. – slide 21
    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…
  22. September 2018 Corporate Presentation – Ring Energy Inc. – slide 22
    Income Statement 3 Months Ended June 30, 6 Months Ended June 30, 2018 2017 2018 2017 Revenue 29,924,883 14,503,309 59,816,274 26,747,102 Pre-Tax Income 5,978,851 2,668,923 14,612,714 5,288,454 Net Income 4,719,806 1,910,763…
  23. September 2018 Corporate Presentation – Ring Energy Inc. – slide 23
    Balance Sheet As of As of ( thousands) 6/30/2018 12/31/2017 Assets: Cash and Cash Equivalents 13,431 15,007 Other Current Assets 13,114 14,117 Total Current Assets 26,545 29,124 PP&E, net 469,338 373,611 Total Assets 1…
  24. September 2018 Corporate Presentation – Ring Energy Inc. – slide 24
    Analyst Coverage Ring Energy, Inc. Analyst Coverage FIRM ANALYST(S) Alliance Global Partners Joel Musante, CFA (800) 727-7922 ext: 144 B. Riley FBR, Inc. Rehan Rashid (703) 469-1184 rrashidbrileyfbr.com Capital One Securities,…
  25. September 2018 Corporate Presentation – Ring Energy Inc. – slide 25

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