Ring Energy, Inc. (NYSEMKT:REI) Files An 8-K Other Events
Item 8.01 Other Events.
On December 6, 2016, Ring Energy, Inc. (the Company) issued a
press release announcing the pricing of an underwritten public
offering of 6,525,000 shares of its common stock to the public at
$11.50 per share. The Company has granted the underwriters a
30-day option to purchase up to an additional 978,750 shares of
common stock from the Company at the offering price, less
underwriting discounts and commissions, solely to cover
over-allotments. A copy of the press release is attached hereto
as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
| 99.1 |
Press release dated December 6, 2016, entitled Ring Energy, Inc. Announces Pricing of Public Offering of Common Stock. |
About Ring Energy, Inc. (NYSEMKT:REI)
Ring Energy, Inc. (Ring) is an exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. The Company’s exploration and production interests are focused on Texas and Kansas. Its operations are all oil and gas exploration and production related activities in the United States. Its drilling operations target the Central Basin Platform in Andrews County and Gaines County, Texas, and the Delaware Basin in Reeves County and Culberson County, Texas. Ring has over 30,660 gross (18,130 net) acres in Andrews and Gaines counties and over 19,980 gross (19,680 net) acres in Reeves and Culberson counties. It has over 17,630 gross (16,670 net) acres in Kansas. Ring’s proved reserves are approximately 24.4 million barrels of oil equivalent (BOE). Ring owns interests in a total of over 5,880 gross (5,170 net) developed acres and over 24,790 gross (12,960 net) undeveloped acres in Andrews and Gaines County, Texas. Ring Energy, Inc. (NYSEMKT:REI) Recent Trading Information
Ring Energy, Inc. (NYSEMKT:REI) closed its last trading session down -0.06 at 11.44 with 2,096,717 shares trading hands.
