RING ENERGY, INC. DAILY DRILLING REPORT

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1 REPORT DATE: 5/10/2016 REPORT NUMBER: 1 LEASE NAME: UNIVERSITY 38R LOCATION: #2 DRILLING RIG: REPORT BY: REPORTED TO: TARGET TD: CAPSTAR #109 RICK RIVERA DANNY WILSON, JEREMY HEATLEY 4,900 Current Depth 24 Hr Progress Wt Vis PV YP Gels API WL ph Solids Chlorides 6668' 666' Material FW Gel SW Gel Barite Lime Caustic Paper Fibre Plug Y. Starch MF GALS K 59K 52K varel heo04jmrsv X BIT, SS, 28"DC, XO, 206"DC TOTAL X95 XH bbls Spud Date 5/10/2016 Surf CSG 8 5/8 24#/ J55 Bg Gas Loads Hauled: 22 Loads Hauled: 6:00 22:00 16 MOVE RIG / RIG UP / RIG INSPECTION 22:00 1:00 3 RIG REPAIR ( WORK ON TRANSFER PUMP ) 1:00 2: DRILL F/ 0 TO 283' 2:30 3: ' :00 6:00 3 DRILL F/ 283' TO 666' Depth 666' Footage 666' Consultant: RICK RIVERA ,375 2, HORIZON MUD 5,183 5,183 VAREL MIDWEST TRUCKING E.W.C Logging 29,303 29, STEEL RAIN ,303 30,103 30,103

2 REPORT DATE: 5/11/2016 DRILLING RIG: CAPSTAR #109 REPORT NUMBER: 2 REPORT BY: RICK RIVERA LOCATION: #2 TARGET TD: 4,900 Current Depth 24 Hr Progress Wt Vis PV YP Gels API WL ph Solids Chlorides 1,670' 1,004' Material FW Gel SW Gel Barite Lime Caustic Paper Fibre Plug Y. Starch MF GALS K 80K 74K BIT, SS, 28"DC, XO, 206"DC TOTAL X95 XH bbls Loads Hauled: 25 Loads Hauled: 10 6:00 6: DRILL F/ 666' TO 803' 6:30 7: ' 0.25 DEG. 7:00 11:00 4 DRILL F/ 803' TO 1,256' 11:00 11: ,210' 0.25 DEG. 11:30 16:30 5 DRILL F/ 1,256' TO 1,670' 16:30 17: CIRCULATE 17:00 20:00 3 T.O.O.H 20:00 0: :30 1:30 1 1:30 3: :00 6:00 3:00 Depth 1,670' Footage 1,004' Consultant: RICK RIVERA ,375 11,400 13, HORIZON MUD 3,300 3, MIDWEST TRUCKING ,600 E.W.C Logging 26,142 55,425 SAFETY MEETING / RIG UP CASING CREW / RUN 37JTS OF 8 5/8 24# CASING 1,670' CIRCULATE / SAFETY MEETING / RIG UP CEMENTERS CEMENT LEAD 535SXS OF 65/35 C W/6%GEL, 1/4PPS CELLOFLAKE, 5%NACL TAIL 300SXS CLASS C W/1% CACL2, CIRCULATED 325SXS TO SURFACE ( 110BBLS ) BUMP 3:30AM W.O.C. 13,776 13, ,576 26,142 70,001 70,001 KC PIPE STEEL RAIN

3 REPORT DATE: 5/12/2016 DRILLING RIG: CAPSTAR #109 REPORT NUMBER: 3 REPORT BY: RICK RIVERA LOCATION: #2 TARGET TD: 4,900 Current Depth 24 Hr Progress Wt Vis PV YP Gels API WL ph Solids Chlorides 3,030' 1,360' Material FW Gel SW Gel Barite Lime Caustic Paper Fibre Plug Y. Starch MF K 78K 71K 2 7 7/8 VAREL vtd616sdx x13/3x14 1,670' 3,030' 14 97' BIT, BS,, 16"DC, IBS, 26"DC, IBS, 176"DC, XO TOTAL X95 XH 54 2, bbls Loads Hauled: 25 Loads Hauled: 10 6:00 7:00 1 W.O.C. 7:00 9:00 2 CUT OFF / WELD ON WELD HEAD 9:00 11:00 2 NIPPLE UP BOP 11:00 12: TEST B.O.P. & CHOKE / 250LOW / 1000HIGH 12:30 14: PICK UP / T.I.H. 14:00 14: TEST PIPE RAMS 250LOW / 1000HIGH 14:30 15:30 1 T.I.H. 15:30 16: ,619' DRILL OUT CEMENT AND PLUG 16:00 19: DRILL F/ 1,670' TO 2,159' 19:45 20: ,159' 0.7 DEG. 20:00 23:00 3 DRILL F/ 2,159' TO 2,611' 23:00 23: ,611' 1.0 DEG. 23:30 6:00 12:00 DRILL F/ 2,611' TO 3,030' Depth 3,030' Footage 1,360' Consultant: RICK RIVERA ,775 11,400 25, ,198 2,038 HORIZON MUD 3,300 3, ,495 2,005 MIDWEST TRUCKING 1, ,400 E.W.C ,900 1,900 4,042 4, ,979 76,538 13,776 13, ,245 14,576 15,971 14,576 20,979 92,509 92,509 BASIC TRUCKING BASIC TRUCKING KC PIPE BP WELLHEADS STEEL RAIN ($800) BT&S TRUCKING

4 REPORT DATE: 5/13/2016 DRILLING RIG: CAPSTAR #109 REPORT NUMBER: 4 REPORT BY: RICK RIVERA LOCATION: #2 TARGET TD: 4,950' Current Depth 24 Hr Progress Wt Vis PV YP Gels API WL ph Solids Chlorides 4,685' 1,655' Material FW Gel SW Gel Barite Lime Caustic Paper Fibre Plug Y. Starch MF K 106K 97K 2 7 7/8 VAREL vtd616sdx x13/3x14 1,670' 4,685' 37 81' BIT, BS,, 16"DC, IBS, 26"DC, IBS, 176"DC, XO TOTAL X95 XH 90 4, bbls Pump No. 1 GARDNER PZ ,250 Loads Hauled: 25 Loads Hauled: 10 6:00 6: DRILL F/ 3,030' TO 3,096' 6:45 7: ,096' 0.7 DEG. 7:00 12: DRILL F/ 3,096' TO 3,593' 12:15 12: ,593' 0.7 DEG. 12:30 20: DRILL F/ 3,593' TO 4,093' 20:45 21: ,093' 1.0 DEG. 21:00 3: DRILL F/ 3,593' TO 4,549' 3:30 3: ,549' 0.7 DEG. 3:45 6: DRILL F/ 4,549' TO 4,685' Depth 4,685' Footage 1,655' Consultant: RICK RIVERA ,175 11,400 36,575 4, CORROSION LTD , ,482 HORIZON MUD 3,300 3,300 2,005 2,005 MIDWEST TRUCKING 2, ,200 E.W.C , ,394 BASIC TRUCKING 4,042 4,042 BASIC TRUCKING MAKENZIE'S 2,485 3,328 5, ,879 94,397 13,776 13,776 KC PIPE BP WELLHEADS ,245 STEEL RAIN ($800) BT&S TRUCKING 15,826 16,571 15,826 17, , ,968

5 REPORT DATE: 5/14/2016 DRILLING RIG: CAPSTAR #109 REPORT NUMBER: 5 REPORT BY: RICK RIVERA LOCATION: #2 (API # ) TARGET TD: 4,950' Current Depth 24 Hr Progress Wt Vis PV YP Gels API WL ph Solids Chlorides 4,955' 270' Material FW Gel SW Gel Barite Lime Caustic Paper Fibre Plug Y. Starch MF K 114K 106K 2 7 7/8 VAREL vtd616sdx x13/3x14 1,670' 4,955' 3,285' 40 82' BIT, BS,, 16"DC, IBS, 26"DC, IBS, 176"DC, XO TOTAL X95 XH 96 4, bbls Pump No. 1 GARDNER PZ ,250 Prod CSG 5 1/2 15/50 5/13/2016 Trip Gas Loads Hauled: 25 Loads Hauled: 10 6:00 9:00 3 DRILL F/ 4,685' TO 4,955' TD SURVEY 0.6 DEG. 9:00 10:00 1 CIRCULATE / WORK PIPE 10:00 13:00 3 T.O.O.H. 13:00 14:00 1 RIG DOWN FLOOR / SWAP BOOM / CHANGE RAMS 14:00 17:00 3 SAFETY MEETING / RIG UP CASING CREW / RUN 121 JTS OF 5 1/2 15.5# TAGGED BOTTOM 17:00 18:00 1 CIRCULATE / RIG UP CEMENTERS / SAFETY MEETING 18:00 20: PUMP 20BBLS WATER SPACER / LEAD 850SXS C 50/50 POZ MIX WITH 10%GEL / 5%SALT0.2%C19+1/8# CELLOFLAKE+3#KOLS / TAIL 200SXS CLASS C 50/50 POZ MIX WITH 2%GEL/5%SALT0.2%C12 CIRCULATED CEMENT TO PIT (75BBL) / BUMP 8:30 20:30 22:30 2 NIPPLE DOWN / SET SLIPS / CUT OFF 22:30 6: RIG DOWN RIG 10:30 Depth 4,955' Footage 207' Consultant: RICK RIVERA Previous Daily Cumulative Vendor 25,175 10,212 35, CORROSION LTD. 2,482 2,482 HORIZON MUD 7,792 11,524 19,316 3,300 3,300 2,400 2,000 4,400 SMITH CASING 2,005 2,005 MIDWEST TRUCKING 3, ,000 E.W.C ,394 2,394 BASIC TRUCKING 4, ,222 BASIC TRUCKING MAKENZIE'S 5,813 5, , ,857 13,776 25,271 39,047 KC PIPE BP WELLHEADS ,245 1,245 STEEL RAIN ($800) BT&S TRUCKING 16,571 41,842 16,571 24, , ,699