Ring Energy reports Q1 oil sales >12,000 Bo/d, exceeds guidance, completes Lime Rock acquisition

RING ENERGY, INC.

Oil sales >12,000 Bo/d exceeded high end of guidance; total >18,300 Boe/d above midpoint.
Completed CBP acquisition from Lime Rock on 3/31; initial synergies reduced LOE >5%.
First two weeks of CBP operations averaged >2,500 Boe/d, exceeding expectations by >200 Boe/d.
7 wells (4 horizontal, 3 vertical) came online, all exceeding pre-drill estimates.
Over 6,300 bbl/day hedged at weighted average floor of $64.44/bbl for remainder of 2025.

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