secwatch.observer — SEC 8-K summary
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Issuer:     RING ENERGY, INC. (REI)
CIK:        0001384195
Form:       8-K/A
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001628280-23-035295
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384195/000162828023035295/0001628280-23-035295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384195/000162828023035295/rei-20230815.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035295

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