Ring Energy, Inc. Signs Purchase and Sale Agreement with Wholly Owned Subsidiary of The Carlyle Group L.P.

Ring Energy, Inc. Announces Closing of Andrews County Acquisition

Dateline City:
MIDLAND, Texas

Company Acquires Premium Acreage in Andrews County

MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE American: REI) (“Company”) (“Ring”) announced
today that it has entered into a Purchase and Sale Agreement with
Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle
Group L.P. (NASDAQ: CG) (“Carlyle”), to acquire assets located in
Andrews County, Texas for 2,623,948 shares of common stock of the
Company valued at $5.80 per share. The closing date of the transaction
will be prior to year-end 2018, with an effective date of November 1,
2018.

Language:
English

Contact:

For further information contact:
Bill Parsons, K M Financial, Inc. (702) 489-4447

Ticker Slug:
Ticker:
REI

Exchange:
NYSEAM

Ticker:
CG

Exchange:
NASDAQ

read more

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *