Ring Energy Inc.

Ring Energy Inc. (NYSE MKT: REI) (“Ring”) (“Company”) released today a preliminary update on their three well horizontal drilling program which began in early August on the Company’s Central Basin Platform (“CBP”) asset. The program is targeting the San Andres formation. Currently, all three wells have been drilled - two of the wells were drilled 1 ½ miles horizontally and [...]

Ring Energy Inc. (NYSE MKT: REI) (“Ring”) (“Company”) announced today financial results for the three months and six months ended June 30, 2016. For the three month period ended June 30, 2016, Ring had oil and gas revenues of $7,104,609, compared to $8,976,790 for the quarter ended June 30, 2015. For the six month period ended June 30, 2016, the Company reported oil and gas revenues of $13,196,997 [...]

Ring Energy Inc. (NYSE-MKT: REI) (“Ring”)(“Company”) has scheduled a conference call on Tuesday, August 9, 2016 at 11:00 a.m. ET to discuss the 2016 second quarter and six month financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, August 8, 2016. To participate, dial at 877-709-8150 at least five minutes before the [...]

Ring Energy Inc. (NYSE MKT: REI) (“Ring”) (“Company”) today announced its operations update for the second quarter of 2016. In the three months ended June 30, 2016, the Company drilled and completed two new vertical development wells and refraced two existing wells on Ring’s Central Basin Platform (“CBP”) asset, as well as drilled one new vertical well on its Delaware Basin [...]

Ring Energy Inc. (NYSE MKT: REI) (“Ring”) (“Company”) announced today financial results for the first quarter ended March 31, 2016. For the three month period ended March 31, 2016, Ring had oil and gas revenues of $6,092,388 compared to $6,045,701 for the quarter ended March 31, 2015, and a net loss of $15,275,044, or $0.50 per diluted share, which included a pre-tax non-cash impairment of [...]

Ring Energy Inc. (NYSE MKT: REI) (“Ring”) (“Company”) announced today a capital expenditure budget (“CAPEX”) of approximately $23 million for the remainder of 2016. The budget targets seven vertical wells and three horizontal wells to be drilled. The Company continues to look for acquisition opportunities but has made no provision in its 2016 budget for any acquisition. The majority of [...]

Ring Energy Inc. (NYSE-MKT: REI) (“Ring”)(“Company”) has scheduled a conference call on Tuesday, May 10, 2016 at 12:00 p.m. EDT to discuss the 2016 first quarter financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, May 9, 2016. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please [...]

Ring Energy Inc. (NYSE MKT: REI) (the “Company”) today announced the completion of an underwritten public offering of 11,500,000 shares of its common stock, including 1,500,000 shares sold pursuant to the full exercise of an over-allotment option previously granted to the underwriters. All of the shares were offered by the Company at a price to the public of $5.60 per share. The net proceeds to the Company [...]

Ring Energy Inc. (NYSE MKT: REI) (the “Company”) announced today that it has priced an underwritten public offering of 10,000,000 shares of its common stock to the public at $5.60 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the Company at the offering price (less the underwriting discounts and commissions). The [...]

Ring Energy Inc. (NYSE MKT: REI) (the “Company”) announced today that it intends to offer shares of its common stock in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be [...]