ACCRETIVE BOLT-ON ACQUISITION CAPTURING SYNERGIES & EXPANDING OUR HIGH-RETURN OPERATING AREA IN THE CENTRAL BASIN PLATFORM TRANSACTION SUMMARY www.ringenergy.com NYSE American: REI
Expands Legacy High-Return Operating Area Continuing Our Transformation to a Scaled Conventional Permian Operator Operator Transaction Summary Legend Ring Energy Leasehold Strategic and accretive acquisition of Lime Rock Resources…
Investment Highlights Compelling Transaction Leads to Shareholder Value Creation Accretive to key Ring per share financial and operating metrics Highly Accretive CBP Acquisition Attractively valued…
Rings Proven M&A Strategy Enhances Free Cash Flow and Accelerates Debt Reduction Differentiated approach by applying unconventional What Do We Like About This Transaction technology and thinking to conventional Permian assets Ring…
Track Record of Strategic Consolidation Four Acquisitions Since 2019 Increased Production by 3.5x Legend Acquisition Track Record Ring Energy Legacy 22,000 Lime Rock Resources Rings Value Focused Proven Founders Oil & Gas Strategy…
Immediate Impact from Accretive Asset Leveraging Rings Operational Excellence to Drive Cost Reduction Synergies Asset Overview Operational synergies reduce costs and increase operational efficiencies Rings modern completion techniques…
Outstanding Results Across Multiple Benches Lime Rocks Acreage Offers Access to Emerging Plays with Encouraging Results San Andres Barnett Devonian Legend Ring Energy Legacy Successful recent results continue to define Significant…
Disciplined Financial Approach Liquidity Impact: Pro Forma Borrowings (mm) Transaction Details Liquidity 100mm purchase price, subject to customary purchase price adjustments2 RBL Outstanding 80mm of upfront cash consideration 7.4mm…
Opportunity-Rich Basin Why is Ring Focused on Consolidating Conventional Assets in the Central Basin Platform & Northwest Shelf Publics NWS Acquire accretive, balance sheet enhancing CBP & NWS assets Privates CBP/NWS CBP & NWS remain…
Value Proposition Lime Rock CBP Assets Acquisition Attractive acquisition price…
COMPANY CONTACT Al Petrie (281) 975-2146 apetrieringenergy.com ANALYST COVERAGE Alliance Global Partners (A.G.P.) Jeff Grampp (949) 296-4171 jgramppallianceg.com ROTH Capital Partners John M. White (949) 720-7115 jwhiteroth.com…
Footnotes February 19, 2025 NYMEX Strip Pricing for WTI / HH used throughout the Presentation: 2024: 69.37 / 2.80; 2025: 71.71 / 4.38; 2026; 67.26 / 4.30; 2027+: 65.25 / 3.88 Based on NYMEX Strip Pricing as of February 19, 2025.…
Loading...
