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Permian Acquisition – Ring Energy Inc.

Ring Energy Inc. · Jul 18, 2023 · 10 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. Permian Acquisition – Ring Energy Inc. – slide 1
    PROPOSED ACCRETIVE ACQUISITION EXPANDS CORE OPERATING AREA RING ENERGY PROPSED ACQUISITION OF FOUNDERS OIL & GAS PROPOSED TRANSACTION SUMMARY July 11, 2023 www.ringenergy.com NYSE American: REI
  2. Permian Acquisition – Ring Energy Inc. – slide 2
    Proposed Accretive Acquisition Expands Core Operating Area Transaction Highlights New Mexico Accretive acquisition expands Rings core Central Basin Platform (CBP) operating area Texas Central Basin Platform Strengthens…
  3. Permian Acquisition – Ring Energy Inc. – slide 3
    Asset & Pro Forma Company Highlights Asset Highlights Founders O&G Profile Predictable PDP base with shallow declines, long-life reserves, and highly oil weighted (80%) Q223 Est. Net Sales1 : 2.5 MBoe/d Prod Mix: 86% Oil Margin…
  4. Permian Acquisition – Ring Energy Inc. – slide 4
    Purchase Price and Funding Overview 75 Million in Total Consideration 60 million cash at closing, subject to customary closing adjustments 15 million deferred cash payment, 4 months after closing All cash consideration funded from…
  5. Permian Acquisition – Ring Energy Inc. – slide 5
    Positioning Company for Long-Term Value Immediately Accretive Metrics Track Record of Reducing Leverage Since YE20 Leverage Ratio5 4.00 125 Production increase1 7% 4.0 Legend 3.48 Leverage Ratio WTI Oil Price Reserves2 increase…
  6. Permian Acquisition – Ring Energy Inc. – slide 6
    High Quality Inventory Provides Superior Economic Returns Undeveloped Drilling Locations Inventory of 50+ low risk, high rate-of-return drilling locations lowers Rings break-even costs Recent Founders vertical wells demonstrate…
  7. Permian Acquisition – Ring Energy Inc. – slide 7
    Ring Energy Expanding Core Areas in NWS & CBP Acquisition Track Record Since 2018, Ring will have successfully grown production by a 27% CAGR1 through 4Q 2023 assuming the Founders acquisition closes as planned Founders acquisition…
  8. Permian Acquisition – Ring Energy Inc. – slide 8
    Executing on our Value Focused Proven Strategy Proposed Acquisition is immediately accretive to Rings shareholders 1 regarding production, reserves, Adjusted Free Cash Flow , and other metrics Will continue to pursue accretive,…
  9. Permian Acquisition – Ring Energy Inc. – slide 9
    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 Grampp (949) 296-4171 jgramppallianceg.com ROTH Capital…
  10. Permian Acquisition – Ring Energy Inc. – slide 10
    2023 Second Half Pro Forma Guidance Sales Volumes Q3 2023 Q4 2023 Total (Boe/d) 18,100 18,600 18,900 19,500 2H 2023 Mid Point (Boe/d) 18,350 19,200 CAPEX Allocation Oil (%) 68% 69% NGLs (%) 15% 15% 8% Gas (%) 17% 16% 19% Capital…

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