Ring Energy files Founders Oil & Gas financials: $59M revenue, $26.1M net income for FY2022

RING ENERGY, INC.

Founders FY2022 net income $26.1M vs $7.3M in FY2021; revenue $59.0M vs $26.8M.
Founders total assets $92.2M at Sep 30, 2022; net PP&E $74.9M.
Founders FY2022 cash from operations $34.9M; development capex $27.8M.
Pro forma financials (unaudited) combined with Ring Energy for FY2022 and H1 2023.
Audited FY2022 and 2021 statements and interim 9-month 2023 statements provided.

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