Ring Energy, Inc. · AMEX:REI
Ring Energy — ROTH Capital Partners Conference 2016
20 slides from Ring Energy's conference presentation, March 2016
Slide 1: ROTH Capital Partners Conference March 2016
MARCH 2016 ROTH Capital Partners Conference 2016 www.ringenergy.com www.ringenergy.com OTCQX:RNGE NYSE MKT: REI OTCQX:RNGE RNGE
Slide 2: Forward-Looking Statements and Cautionary Note Regarding Hydrocarbon Disclosures
Forward-Looking Statements and Cautionary Not Regarding Hydrocarbon Disclosures Forward –Looking Statements This Presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933 and the Securities Exchange Act o
Slide 3: Presentation By
Presentation By: Tim Rochford – Chairman of the Board David Fowler - President www.ringenergy.com NYSE MKT: REI OTCQX:RNGE
Slide 4: Ring Co-Founders' Prior Success
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 $1.6BN Ring’s management team desires to execute a similar growt
Slide 5: Company Strategy
Company Strategy Build premiere Permian Basin E&P Company Compliment with additional Kansas resource upside in the Mississippian play Proven strategy with focused approach Acquire Exploit Explore Look for “upside Apply new Step Out with Drillbit opportunity” technologies Focus on the
Slide 6: Executive Summary
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 and Kansas (17,631 gross acres) Year End 2015 Reserves will release Tuesday, March 15, 2016 68,277 gross acres (54,480 Net)
Slide 7: Permian Basin History
Permian Basin History Permian Basin 80 years of production – 30 billion barrels produced Contains estimated 22% of remaining U.S. oil reserves and 29% of estimated U.S. reserve growth San Andres Zone Facts 1 6 billion San Andres barrels produced in the Permian Basin 2.15 billion barrels prod
Slide 8: Central Basin Platform - Proven Strategy on Familiar Acreage
Central Basin Platform - Proven Strategy on Familiar Acreage Ring’s 30,663 gross acres (as of 12/31/15) position in Andrews and Gaines Counties is located ~10 miles north of the core of Arena’s legacy acreage position Ring can execute its vertical drilling program and exploit the oil reserves in
Slide 9: San Andres Cross Section
San Andres Cross Section www.ringenergy.com NYSE MKT: REI OTCQX:RNGE 9
Slide 10: Ring's Central Basin Platform Assets
Ring's Central Basin Platform Assets Andrews and Gaines 2015 Activity and Current Production Counties, Texas 30,663 Gross Acres Seagraves Denver City Drilled 8 wells New Mexico/Texas state line Completed 12 wells (carry over from 2014) Seminole Re-completed 5 wells GAINES Re-fraced 3 wells
Slide 11: Ring's Delaware Basin Assets
Ring's Delaware Basin Assets Description of the Asset Culberson and Reeves Acquired assets from private company for $75MM in Counties, Texas June 2015 Financed the acquisition with a $51.75MM equity Loving issuance and fundings under the upsized revolver of $100 million borrowing base 19,679 n
Slide 12: Ring's Kansas Leasehold
Ring's Kansas Leasehold Description of the Asset Low Entry Cost Gray, Finney & Haskell Favorable Terms on Long Term Leasehold of Counties, Kansas 17,631 gross acres and 16,673 net acres. Entered into joint development agreement. Initiated pilot development program Q1 2014. Shot extensive 3D
Slide 13: Ring's Growth in Production & Reserves
Ring’s Growth in Production & Reserves Production (Boepd) Ring was able to add scale through the Delaware Basin 3,000 acquisition and has significantly grown production on its Platform assets over the last several years 2,500 2,335 The low-decline nature of the Permian Basin assets help 10K Rele
Slide 14: Central Basin Platform
Central Basin Platform Rigs Released 12/19/14 Rig 3- 9/17/14 Rig 2- 2/12/14 Rig 1- 6/5/13 www.ringenergy.com NYSE MKT: REI OTCQX:RNGE 14
Slide 15: Delaware Basin
Delaware Basin Eff. Date 5/1/15 Ring Begins Operations 7/1/15 www.ringenergy.com NYSE MKT: REI OTCQX:RNGE 15
Slide 16: Texas Acreage Growth
Texas Acreage Growth TX Gross TX Net RING ENERGY ACREAGE GROWTH Date Acres Acres 60000.00 12/1/2015 50,646.00 37,807.00 9/30/2015 45968.66 33281.75 50000.00 6/30/2015 29,938.80 17,999.25 3/31/2015 29,897.68 17,725.37 40000.00 12/31/2014 29,737.68 17,269.69 9/30/2014 22,505.63 14,478.91 Acres 30000.0
Slide 17: Ring Investment Highlights
Ring Investment Highlights Strong Management Team Proven track record of creating shareholder value Implement similar strategy as Arena Resources Leverage relationships in Permian Basin to source robust pipeline of acquisition opportunities Significant operational experience Ring’s managem
Slide 18: Management Team
Management Team Lloyd T. (Tim) Rochford Co-Founder and Chairman of the Board Mr. Rochford, 69, has been active as an individual consultant and entrepreneur in the oil and gas industry since 1973. During that time, he has been an operator of wells in the mid-continent of the United States, evaluated
Slide 19: Management Team (cont'd)
Management Team (cont’d) David A. Fowler President and Director Mr. Fowler, 57, has served in several management positions for various companies in the insurance and financial services industries. In 1994, he joined Petroleum Listing Service as Vice President of Operations, overseeing oil and gas pr
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