20 Aug 2014securities registration● Neutral
RING ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2014securities registration● Neutral
RING ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
14 Aug 2014securities registration● Neutral
Ring Energy filed prospectus supplement no. 7 for the resale of up to 3,528,580 shares by selling stockholders, incorporating its June 30, 2014 quarterly report. Ring receives no proceeds from the resale.
8 Aug 2014quarterly activities report● Neutral
Ring Energy reported net income of $2.8 million for the quarter ended June 30, 2014, on oil and gas revenues of $11.2 million. Six-month net income was $4.0 million.
15 July 2014securities registration● Neutral
Ring Energy filed a prospectus supplement incorporating its July 10, 2014 Form S-1, which covers resale of up to 2,000,001 shares by selling stockholders. The company will receive no proceeds from those sales.
11 July 2014securities registration● Neutral
Ring Energy filed a Form S-1 registering the resale of up to 2,000,001 shares of common stock by selling stockholders. The company will receive no proceeds from the sales.
3 July 2014director interest notice● Neutral
RING ENERGY, INC. Executive Vice President Wilson Daniel D bought 5,000 shares on the open market at $16.64.
3 July 2014securities registration● Neutral
Ring Energy entered a senior secured revolving credit facility with SunTrust Bank with a $150 million maximum and a $40 million initial borrowing base, maturing July 1, 2019. It paid off and terminated its previous Prosperity Bank facility.
3 July 2014debt financing▲ GoodMajor
Ring entered a five-year, SunTrust-led senior secured revolving credit agreement with a $150 million maximum and a $40 million initial borrowing base. It terminated and paid off the earlier revolver with Prosperity Bank that dated from the Stanford Energy era.
3 July 2014director interest notice● Neutral
RING ENERGY, INC. President Fowler David A. bought 6,000 shares on the open market.
3 July 2014director interest notice● Neutral
RING ENERGY, INC. Chief Executive Officer Hoffman Kelly W. bought 2,000 shares on the open market.
25 June 2014securities registration● Neutral
RING ENERGY, INC. filed notice of an exempt private placement.
20 June 2014securities registration● Neutral
Ring closed a private placement of 2,000,001 shares at $15.00 for gross proceeds of about $30 million, and committed to a new five-year credit facility with a $150 million maximum and $40 million initial borrowing base.
20 June 2014capital raising announcement▲ GoodMajor
Ring closed a $30,000,015 private placement of 2,000,001 shares at $15.00 each on June 18, 2014, placed by SunTrust Robinson Humphrey and Global Hunter Securities. It must register those shares for resale within 30 days of closing. It also committed to a new five-year SunTrust-led revolving credit facility with a $150 million maximum and a $40 million initial borrowing base, replacing a prior facility with a $25 million borrowing base. The press release says the funds will let Ring step up leasing and accelerate Permian drilling, including adding a third rig in late Q3 or early Q4 2014, and keep pursuing acquisitions. The credit facility was a commitment, not yet a signed final agreement. The raise price of $15.00 is far above the $4.00 raises of 2011-12.
18 June 2014director interest notice● Neutral
RING ENERGY, INC. director Woodrum Clayton Eugene gifted 1,000 shares.
12 May 2014securities registration● Neutral
Ring filed prospectus supplement no. 3 for the resale of up to 3,528,580 shares by selling stockholders, incorporating its 2013 annual report and Q1 2014 quarterly report. Ring received no proceeds from the resale.
8 May 2014quarterly activities report● Neutral
Ring reported net income of $1.16 million for the quarter ended March 31, 2014, on oil and gas revenues of $5.97 million, compared with a loss of $0.97 million a year earlier.
11 Apr 2014director interest notice● Neutral
RING ENERGY, INC. President Fowler David A. sold 15,712 shares at $16.35.
4 Mar 2014securities registration● Neutral
Ring completed its $6.45 million cash purchase of 2,481 gross (1,567 net) acres in Andrews and Gaines Counties, Texas, and added a second drilling rig. The filing was a prospectus supplement for the resale of 3,528,580 shares by selling stockholders.
4 Mar 2014asset acquisition disposition▲ GoodMajor
Ring closed its roughly $6.45 million purchase from Raw Oil & Gas, JDH Raw Energy and Smith Energy, adding about 1,567 net acres in Andrews and Gaines Counties, Texas, near its existing Permian Basin assets. The developed part was producing 42 BOE a day, over 92% oil.
10 Feb 2014material agreement▲ GoodMajor
Now headquartered in Midland, Ring agreed to buy more Permian Basin oil and gas assets in Andrews County, Texas from Raw Oil & Gas, JDH Raw Energy and Smith Energy for $7 million cash plus a per-acre payment for undeveloped leasehold, continuing to build out its core acreage position.
10 Feb 2014securities registration● Neutral
Ring Energy filed a prospectus supplement incorporating an 8-K: on February 4, 2014 it agreed to buy producing Andrews County, Texas oil and gas assets for $7 million in cash, plus non-producing leases, and deposited $350,000 in escrow.
10 Feb 2014securities registration● Neutral
RING ENERGY, INC. filed the final prospectus for a registered offering.
3 Feb 2014securities registration● Neutral
RING ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
24 Jan 2014securities registration● Neutral
RING ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
2 Jan 2014director interest notice● Neutral
RING ENERGY, INC. director Woodrum Clayton Eugene gifted 2,000 shares.
30 Dec 2013director interest notice● Neutral
RING ENERGY, INC. director Mccabe Stanley Myron gifted 75,000 shares.
30 Dec 2013director interest notice● Neutral
RING ENERGY, INC. director Rochford Living Trust Lloyd Timothy Rochford, Trustee gifted 150,000 shares.
18 Dec 2013director interest notice● Neutral
RING ENERGY, INC. Chief Financial Officer Broaddrick William Randall bought 20,000 shares on the open market at $0.00.
18 Dec 2013director interest notice● Neutral
RING ENERGY, INC. President Fowler David A. bought 25,000 shares on the open market at $0.00.