Ring Energy Inc.

American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy Inc. , announced today that they are very concerned with the decisions of the Board of Directors of Ring Energy Inc. As a result of this concern, SK Energy and American Resources urge all Ring Energy shareholders to withhold votes on all members of Ring Energy's Board of Directors in the [...]

American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy Inc., announced today that they are calling upon their fellow shareholders to withhold votes on all members of Ring Energy's Board of Directors in the upcoming election. Someone who purchased shares in Ring Energy five years ago has seen the value of those shares fall by more than 90%. It [...]

Ring Energy Inc. announced today financial and operational results for the third quarter ended September 30, 2020. Q3 2020 Highlights Increased net oil & gas sales by 74.0% to 9,549 Boe/d , compared to 5,487 Boe/d for Q2 2020 Decreased LOE1 by 38.5% to $8.88 million or $10.11/Boe, compared to $14.43 million or $14.03/Boe for Q3 2019 Decreased cash G&A2 by 34.6% to $1.93 million or $2.20/Boe, compared to $2.95 million or [...]

Ring Energy Inc. has scheduled a conference call on Tuesday, November 10, 2020 at 11:00 a.m. ET to discuss the third quarter 2020 financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, November 9, 2020. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the Ring Energy conference call [...]

Ring Energy Inc. stated today that the prospective buyer was unable to consummate the closing of the Company’s Delaware Basin assets located in Culberson and Reeves Counties, Texas . Mr. Paul McKinney, Ring’s Chief Executive Officer and Chairman of the Board of Directors, commented, “We are very disappointed that the buyer was unable to complete this important and highly anticipated transaction, but believe we have, after [...]

Ring Energy Inc. announced today the appointments of Mr. John A. Crum and Mr. Richard E. Harris to the Company’s Board of Directors. Mr. Crum and Mr. Harris will be joining as independent Directors. Mr. Crum has been involved with worldwide oil and gas development for more than 40 years. He is the managing partner of JAC Energy Partners, LLC, which was formed to provide advice to companies and individual investors in oil [...]

Ring Energy Inc. today released its operations update for the 3rd quarter of 2020 and additional information with respect to cash flow and reducing the outstanding amount of its senior credit facility. Q3’20 highlights: Restored production to 9,219 Barrels of oil equivalent per day , 88% oil, in the third quarter within the Company’s guidance range; Increased third quarter net daily production approximately 70% compared [...]

Ring Energy Inc. , today announced the pricing of an underwritten public offering of 8,343,000 Common Shares, 13,428,500 Pre-Funded Warrants and 21,771,500 Common Warrants at a combined purchase price of $0.70. The gross proceeds to Ring Energy from this offering are expected to be approximately $15,240,000, before deducting underwriting discounts and commissions and other estimated offering expenses. Ring Energy has [...]

Ring Energy Inc. , today announced that it intends to offer and sell a combination of shares of its common stock and warrants to purchase shares of its common stock in an underwritten public offering. As part of this offering, Ring Energy intends to grant the underwriters a 45-day option to purchase up to an additional fifteen percent of the shares of common stock and/or warrants offered in the public offering. Ring [...]

Ring Energy Inc. , today announced it has cancelled the registered direct offering of the Company’s securities announced last Thursday. The previously announced offering—which was subject to required regulatory approvals which have not yet been received—was for the purchase and sale to institutional investors of $18 million of shares of the Company’s common stock, pre-funded warrants and common warrants. This press [...]