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February 2019 Corporate Presentation – Ring Energy Inc.

Ring Energy Inc. · Feb 19, 2019 · 26 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. February 2019 Corporate Presentation – Ring Energy Inc. – slide 1
    Corporate Presentation February 2019 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSE American: REI
  2. February 2019 Corporate Presentation – Ring Energy Inc. – slide 2
    Ring Energy Team Management Team Key Board Members Kelly Hoffman Lloyd T. (Tim) Rochford Chief Executive Officer and Director Co-Founder and Chairman of the Board Co-Founded AOCO and pioneered Fuhrman Mascho Co-Founder of Arena…
  3. February 2019 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. February 2019 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. February 2019 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. February 2019 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. February 2019 Corporate Presentation – Ring Energy Inc. – slide 7
    Exploiting with Improved Technology Of Rings 107,203 gross acres position in Andrews and Gaines Counties approximately 105,500 acres is dedicated to horizontal Ring will drill the San Andres with increased efficiency via horizontal…
  8. February 2019 Corporate Presentation – Ring Energy Inc. – slide 8
    Central Basin Platform Asset Asset Description 107,203 gross / 76,028 net total acres 193 total drilled gross vertical wells (as of December 31, 2018) 107 total drilled gross horizontal San Andres wells and 12 SWDs (as of December…
  9. February 2019 Corporate Presentation – Ring Energy Inc. – slide 9
    Proven Reservoir San Andres Overview Permian Basin Geology Over the past 90 years the Permian Basin has produced 30 BBbl The San Andres produced 12 BBbl and 3 Tcf during that same time (40% of total Permian Basin production) Highly…
  10. February 2019 Corporate Presentation – Ring Energy Inc. – slide 10
    San Andres Cross Section www.ringenergy.com NYSE American: REI 11
  11. February 2019 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. February 2019 Corporate Presentation – Ring Energy Inc. – slide 12
    Type Curve Net Price Received 50.00 55.00 60.00 IRR 81.88 104.3 130.52 Years to Payout 1.33 1.13 0.97 ROI Disc 2.71 3.04 3.37 ROI Undisc 5.18 5.86 6.53 PV 10 3,763.76 4,486.90 5,210.05 EUR Net BOE 342 342 342 Curve…
  13. February 2019 Corporate Presentation – Ring Energy Inc. – slide 13
    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…
  14. February 2019 Corporate Presentation – Ring Energy Inc. – slide 14
    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…
  15. February 2019 Corporate Presentation – Ring Energy Inc. – slide 15
    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…
  16. February 2019 Corporate Presentation – Ring Energy Inc. – slide 16
    Recent Developments & 2018 Capex Guidance Recent Developments 88 horizontal wells on production at the end of Q418. Additionally, 17 horizontal wells have been drilled and are in varying stages of completion and testing The Company…
  17. February 2019 Corporate Presentation – Ring Energy Inc. – slide 17
    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…
  18. February 2019 Corporate Presentation – Ring Energy Inc. – slide 18
    Texas Acreage Growth Date TX Gross TX Net Ring Energy Acreage Growth Acres Acres 12/31/2018 127,421 95,945 140,000 YE 2013 YE 2014 YE 2015 YE 2016 YE 2017 9/30/2018 121,813 90,530 6/30/2018 123,266 90,563 120,000 3/31/2018…
  19. February 2019 Corporate Presentation – Ring Energy Inc. – slide 19
    Appendix www.ringenergy.com NYSE American: REI
  20. February 2019 Corporate Presentation – Ring Energy Inc. – slide 20
    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…
  21. February 2019 Corporate Presentation – Ring Energy Inc. – slide 21
    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…
  22. February 2019 Corporate Presentation – Ring Energy Inc. – slide 22
    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…
  23. February 2019 Corporate Presentation – Ring Energy Inc. – slide 23
    Income Statement 3 Months Ended September 30, 9 Months Ended September 30, 2018 2017 2018 2017 Revenue 32,687,179 16,643,930 92,503,453 43,391,032 Pre-Tax Income 6,290,574 4,443,462 20,903,288 9,731,916 Net Income 5,693,628…
  24. February 2019 Corporate Presentation – Ring Energy Inc. – slide 24
    Balance Sheet As of As of ( thousands) 9/30/2018 12/31/2017 Assets: Cash and Cash Equivalents 3,771 15,007 Other Current Assets 13,832 14,117 Total Current Assets 17,603 29,124 PP&E, net 509,149 373,611 Total Assets 1…
  25. February 2019 Corporate Presentation – Ring Energy Inc. – slide 25
    Analyst Coverage Ring Energy, Inc. Analyst Coverage FIRM ANALYST(S) Alliance Global Partners Joel Musante, CFA (800) 727-7922 ext: 4782 B. Riley FBR, Inc. Rehan Rashid (703) 469-1184 rrashidbrileyfbr.com Capital One Securities,…
  26. February 2019 Corporate Presentation – Ring Energy Inc. – slide 26

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