Ring Energy, Inc. Announces Closing of Andrews County Acquisition

Ring Energy, Inc. Announces Closing of Andrews County Acquisition

Dateline City:
MIDLAND, Texas

MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE American: REI) (“Company”) (“Ring”) announced
today that it has closed its transaction with Tessara Petroleum
Resources, a wholly owned subsidiary of The Carlyle Group L.P. (NASDAQ:
CG) (“Carlyle”), for assets located in Andrews County, Texas. Ring
issued 2,623,948 million shares of its common stock valued at $5.80 per
share. The transaction has 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

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