secwatch.observer — SEC 8-K summary
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Issuer:     RING ENERGY, INC. (REI)
CIK:        0001384195
Form:       8-K/A
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0001628280-25-029653
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ring Energy files audited 2024 Lime Rock property financials; pro forma net income $77.7M
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- Lime Rock properties generated $54.6M revenue and $31.6M excess of revenues over direct operating expenses for 2024.
- Purchase price ~$85.4M: $78.6M cash (incl. $10M deferred) + 6.45M shares of Ring common stock.
- Pro forma 2024 combined net income of $77.7M ($0.38 diluted EPS) vs Ring standalone $67.5M ($0.34).
- Pro forma adjustments include additional DD&A $12.0M, ARO accretion $0.2M, and interest expense $6.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384195/000162828025029653/0001628280-25-029653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384195/000162828025029653/rei-20250331.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-029653

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