Ring Energy to acquire Lime Rock CBP assets for $100M; deal accretive

RING ENERGY, INC.

Purchase price: $80M cash at close, $10M deferred cash, ~7.4M shares (value ~$10M).
Assets: ~17,700 net acres, 2,300 boe/d (>80% oil), $120M PD PV-10, >40 drilling locations.
Expected close by end of Q1 2025; funded with cash on hand and existing credit facility.
Management expects synergy capture similar to prior Founders acquisition; accelerates debt reduction.
Q4 FY2024 earnings release on March 5, 2025; conference call on March 6, 2025.

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