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Permian Player Ring Energy Talks 4Q Financials, Reserves

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Permian Player Ring Energy Talks 4Q Financials, Reserves

Ring Energy, Inc. reported financial results for the fourth quarter and year ended December 31, 2014.

Ring had net income of $2,708,604, a 76% increase, on oil and gas revenues of $9,984,982, a 98% increase, for the fourth quarter compared to net income of $1,534,957 on revenues of $5,051,434 for the fourth quarter ended December 31, 2013. For the year ended December 31, 2014, Ring had net income of $8,420,500 on revenues of $38,089,443, as compared to a loss of $452,209 on revenues of $10,315,701 for the year ended December 31, 2013. Income attributable to common shares for the fourth quarter was $0.10 per diluted share compared to $0.08 for the fourth quarter ended December 31, 2013. For the year ended December 31, 2014, the income attributable to common shares was $0.33 per diluted…

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