secwatch.observer — SEC 8-K summary
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Issuer:     RING ENERGY, INC. (REI)
CIK:        0001384195
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001628280-25-009049
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384195/000162828025009049/0001628280-25-009049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384195/000162828025009049/rei-20250225.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-009049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer