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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>Ring is adding production and proved reserves in its core Central Basin Platform (CBP) through the $100-million asset acquisition of acreage offsetting its Shafter Lake operations in Andrews County, Texas from Lime Rock Resources IV, LP.</li><li>The assets consist of ~17,700 net acres (100% HBP) that are contiguous to Ring’s existing acreage. 3Q24 production averaged 2,300 BOE/d (&gt;80% oil) from ~101 gross wells.</li><li>Management estimates that the acreage could support more than 40 gross drilling locations that are expected to compete for capital in the 2025 plan.</li></ul>

Ring is adding production and proved reserves in its core Central Basin Platform (CBP) through the $100-million asset acquisition of acreage offsetting its Shafter Lake operations in Andrews County, Texas from Lime Rock Resources IV, LP.The assets consist of ~17,700 net acres (100% HBP) that are contiguous to Ring’s existing acreage. 3Q24 production averaged 2,300 BOE/d (&gt;80% oil) from ~101 gross wells.Management estimates that the acreage could support more than 40 gross drilling locations that are expected to compete for capital in the 2025 plan.

Ring Energy, Inc. - Core Area Acquisition Adds to CBP Scale

Ring Energy Inc

Ring Energy, Inc. - Core Area Acquisition Adds to CBP Scale