Ring Energy (REI) Fireside Chat summary

Introduction and agenda

• Discussion included forward-looking statements as of October 16, 2024, and referenced the latest corporate presentation, particularly Slide 16.

Background and experience of the speaker

• Management has demonstrated a track record of profitable growth, debt reduction, and balance sheet improvement over the past three years.

Current industry trends

• Industry focus has shifted from unconventional to conventional assets, with new attention on underexplored areas like the Central Basin Platform and Northwest Shelf.

• Consolidation in the Midland and Delaware Basins is increasing competition for assets in less developed regions.