Roth Capital Conference March 2019 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 Chief Executive Officer and Director Co-Founder and Chairman of the Board Co-Founded AOCO and pioneered Fuhrman Mascho Co-Founder of Arena…
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 2018 Proved Reserves: 36.6 MMBoe with PV-10 of 541.6…
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…
Central Basin Platform Asset Asset Description 107,203 gross / 76,028 net total acres December 2018 average net production of 6,120 Boe/d (94% oil) SWD infrastructure in place to facilitate a horizontal drilling program Permitted…
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…
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…
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…
Central Basin Drilling Inventory 769 396 165 Horizontal Horizontal 17 79 78 Vertical Vertical 62 87 PUD (1),(2) Probable & Possible (1),(3) Potential San Andres Vertical (3) Potential San (3) Andres Horizontal…
Delaware Basin Assets Asset Description 20,218 gross / 19,917 net total acres Culberson and Reeves Bell Canyon: 20,218 gross / 19,917 net Cherry Canyon: 14,098 gross / 13,798 net Counties, Texas Brushy Canyon: 11,453 gross / 11,162…
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…
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 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…
Appendix www.ringenergy.com NYSE American: REI
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…
Management Team (cont'd) 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…
Oil and Gas Reserves As Of December 31, 2018 Crude Oil Natural Gas Total PV-10 (MBbls) (MMcf) (MBoe) (in thousands) Proved Developed Reserves: 17,774 27,799 22,407 362,870 Proved Developed Non-Producing Reserves: 1,432 4,614…
Income Statement 3 Months Ended December 31, 12 Months Ended December 31, 2018 2017 2018 2017 Revenue 27,561,908 23,308,668 120,065,361 66,699,700 Pre-Tax Income (8,457,807) 2,438,124 12,445,481 12,170,040 Net Income…
Balance Sheet As of As of ( thousands) 12/31/2018 12/31/2017 Assets: Cash and Cash Equivalents 3,364 15,007 Other Current Assets 13,480 14,117 Total Current Assets 16,844 29,124 PP&E, net 542,011 373,611 Total Assets(1)…
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,…
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