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Acquisition of Stronghold Energy II – Ring Energy Inc.

Ring Energy Inc. · Jul 5, 2022 · 12 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 Stronghold Energy II – Ring Energy Inc. – slide 1
    INCREASING SHAREHOLDER VALUE ENHANCING SIZE AND SCALE LOWERING BREAK-EVEN COSTS RING ENERGY ACQUIRES STRONGHOLD ENERGY II TRANSACTION SUMMARY July 5, 2022 www.ringenergy.com NYSE American: REI
  2. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 2
    Transformational Transaction Immediately Accretive to: Q4 2022 Production2 Increases Free Cash Flow1 Cash flow/share1 FCF/share1 Up 100% FCF yield1 Enhances Size & Scale Q4 2022E Adj. EBITDA 1,2 Production/share1 Reserves2/share1 Up…
  3. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 3
    Purchase Price and Funding Overview 465 million in total consideration 1 billion underwritten credit facility with upgraded borrowing base to 600 million, 200 million cash at closing, subject to purchase price improves liquidity and…
  4. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 4
    Pro Forma Overview of Key Metrics Operational and Financial Metrics increase by 50% to over 100% Nearly doubles production, proved developed reserves, and free cash flow Establishes premier CBP and NWS operator positioned to drive…
  5. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 5
    Significantly Accretive on ALL KEY Share Metrics Standalone4 Pro Forma Cash flow/share 1 15% 0.32 0.37 Free cash flow/share 1 0.09 242% 0.03 1 32% Production/share 0.03 0.04 197% 197% 1 0.46 26% Reserves/share 0.36 Free cash…
  6. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 6
    Stronghold Energy II Asset Overview Acquisition Highlights Predictable PDP base with shallow declines & long-life Proved reserves Meaningful low-risk, high rate-of-return inventory Margin enhancing ownership with high NRIs,…
  7. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 7
    Step Change in Proved Reserve Value Pro Forma Proved Reserves 5 High Quality Conventional Asset Modern Completion 1P Reserves PV-101 MM Methods Stacked Pay Zones Proved Developed 1,739 Legacy Simple Single Modern Multi-Stage…
  8. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 8
    Other Transaction Details Approvals and Timing Unanimously approved by Ring Board of Directors Transaction Effective Date Subject to customary closing conditions, including June 1, 2022 regulatory approvals Transaction effective date…
  9. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 9
    Transaction Enhances Shareholder Value Significantly Increases Size and Scale Nearly Doubles Production, Reserves and Projected Adjusted EBITDA1 Enhances Free Cash Flow Generation and Cash Margins Enhances Cash Flow and Lowers…
  10. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 10
    COMPANY CONTACT Al Petrie (281) 975-2146 apetrieringenergy.com Chris Delange (281) 975-2146 cdelangeringenergy.com ANALYST COVERAGE Alliance Global Partners (A.G.P.) Jeff Campbell (203) 577-5427 jcampbellallianceg.com Tuohy…
  11. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 11
    APPENDIX www.ringenergy.com NYSE American: REI
  12. Acquisition of Stronghold Energy II – Ring Energy Inc. – slide 12
    Footnotes June 21, 2022 NYMEX Strip Pricing for WTI /HH used throughout the presentation: 2022:107.12 / 7.10; 2023: 92.89 / 5.35; 2024: 83.09 / 4.76; 2025: 76.31 / 4.63; 2026+: 71.68 / 4.62 Based on NYMEX strip pricing as of June 21,…

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