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Acquisition of Wishbone Energys Assets – Ring Energy Inc.

Ring Energy Inc. · Feb 26, 2019 · 11 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. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 1
    Acquisition of Wishbone Energys Assets February 2019 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSE American: REI
  2. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 2
    Impactful Accretive Acquisition Summary Highlights Acquisition Creates IMMEDIATELY ACCRETIVE acquisition at 300 MM purchase price 270 MM of cash 30 MM of common stock Rings Proved NAV/share of 7.46(1) increases to pro forma…
  3. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 3
    Pro Forma Acreage Map Yoakum NM Lea Gaines Andrews TX Wishbone Acquisition Ring Energy Existing San Andres Fields www.ringenergy.com NYSE American: REI 4
  4. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 4
    Strategic Acquisition Consistent with Ring Strategy Transaction Overview Wishbone Acreage Map Ring Energy, Inc. has entered into an agreement to acquire Wishbone Energy Partners, LLCs (Wishbone) assets in southwest Yoakum County, TX…
  5. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 5
    Strategic Rationale Rings acquisition of Wishbones position solidifies Rings position as The Horizontal San Andres Consolidator High Return Inventory Well economics of greater than 80% IRR expands premium inventory Stacked potential…
  6. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 6
    Core San Andres Position with Strong Offset Well Results Peak Month Oil Well Name Operator (Bbl/d) 1 Sooner 662 A 1H Wishbone 480 2 Badger 709 C 5XH Wishbone 615 3 Badger 709 B 3XH Wishbone 426 4 12th Man 660 1H Wishbone 369 10…
  7. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 7
    Overview of Wishbone's Owned Infrastructure Infrastructure Detail Infrastructure Map Owned surface lands/water infrastructure creates high margins and provides operational flexibilities 1,385 acres of owned surface rights 21 SWD…
  8. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 8
    Significant Value at an Attractive Price PV-10 SEC Pricing Standalone Wishbone Reserves Illustrate the Immediate Accretive Impact of the Acquisition Based on a 300 MM Purchase Price 554 582 1,252 MM Adds 363 Prospective…
  9. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 9
    Increased Scale and Growth Potential Pro Forma % Growth Central San Basin Andres NetNet Acres Acres 76,028 37,206 113,234 49% ProvedReserves Proved (Mboe)(1)(2) Reserves(MMBoe) 36.6 34.3 70.9 94% Proved Developed…
  10. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 10
    Accretive to Key Per Share Metrics Net Production San Andres Prospective Hz Proved PV-10 (Boe/d) Net Acres San Andres Locations (MM) Ring 6,100 76,028 882 542 Wishbone 6,000 37,206 363 582 Pro Forma 12,100 113,234 1,245 1,123…
  11. Acquisition of Wishbone Energys Assets – Ring Energy Inc. – slide 11
    Pro Forma Net Asset Value Pro Forma 137 425 Total Proved 542 582 288 1,123 290 PV-10 (MM) 42 653 363 46 4 PDP PDNP PUD Proved NAV/Share Accretion Proved NAV/Share Net Asset Value (Debt Adjusted) / Share 7.46(1)…

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