Tessara Petroleum Resources Acquisition Presentation – Ring Energy Inc.

Ring Energy Inc. · Dec 28, 2018 · 6 slides

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Slides

Acquisition Presentation December 2018 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSE American: REI
Core-of-the-Core Bolt-On Acquisition Asset Highlights Pro Forma Acreage Map Ring has entered into an agreement to acquire acreage in Ring Energy Acreage Andrews County, TX that it has pursued since the Companys Acquired Acreage…
Strategic Rationale Contiguous Acquisitions are core-of-the-core and mostly contiguous with Rings existing Central Basin Platform footprint Bolt-Ons to Existing Core Blocked up acreage provides opportunity for extended lateral…
Core San Andres Position with Strong Offset Well Results Well Name Operator IP-24 (Boe/d) Lateral Length 6 8 1 University JV 14 8H Pacesetter 1,363 7,792 10 9 14 2 Persephone 1H Ring Energy 1,278 7,067 2 3 University JV 14 3H…
Accretive to Key Per Share Metrics Accretion Metrics 3P PV-10 (MM) 3P PV-10 Shares (MM) Outstanding (MM) 104 (1) Ring Standalone 508 60.5 (2) Acquisitions 104 2.6 Pro Forma 613 63.2 613 (Per Share) 3P PV-10 508 Ring…
Significant Value at an Attractive Price PV-10 Flat 45.00/2.50(1) PV-10 Flat 47.50/2.50(1) PV-10 Flat 50.00/2.50(1) 36.9 41.3 45.6 Immediately Accretive at 86.5 94.8 104.0 Combined 180.0MM 199.2MM 219.5MM 15.7MM 28.8 32.2…