Company InformationRing Energy, Inc. (NYSE MKT: REI) is a Texas-based oil and gas exploration, development and production company with current operations in Texas and Kansas. Founded in 2012, the experienced management team has aggressively sought to acquire select properties in their "back yard" which provides immediate positive cash flow and development opportunities for future years. As of 12/31/15, the company has, through exploitation and acquisitions, increased their proven reserves to an estimated 24.4 million BOE's (barrel of oil equivalents) and an estimated $240.2 million* in PV-10 (future net revenues discounted 10%). Ring Energy's management understands what is required to build an oil and gas company from the ground up, having successfully done so on more than one occasion. With over 100 years of combined experience in the oil and gas industry, coupled with new technological advancements, careful geological evaluation in reservoir engineering, Ring has the components in place to build a profitable and successful program.
Summary The latest stock offering put the cash balance back above $70 million. Management is adding a second rig at a time when most of the industry is cutting back. Management grows by selling equity, so there is no long-term Read Full
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