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