Ring Energy Inc REI

Energy Oil & Gas E&P

Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas. The Company's leasehold acreage positions total approximately 96,127 gross (80,535 net) acres, and it holds interests in approximately 1,043 gross (864 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 63% consisting of oil, 19% consisting of natural gas, and 18% consisting of natural gas liquids. Of those reserves, approximately 68% are classified as proved developed and 32% are classified as proved undeveloped. Its proved reserves are approximately 129.8 million barrels of oil equivalent (BOE).

NYSEAM:REI - Post by User

Ring Energy Inc

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Post by ditchdigger251on Feb 26, 2022 5:23pm

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Post# 34464860

REI Directors Changes in Holdings During Feb-22

Take this with a grain of salt if you want but looking at the INK Research report for REI I'm seeing that the CEO and CFO both increased their share positions by roughly 50% in February (CEO from ~600K shares to ~900K shares & CFO from ~200K shares to ~300K shares). Further, Director Holdings have almost doubled from ~1.5MM shares to ~2.9MM shares this past month. Further the lone >10% shareholder increased by about 1MM shares to 12.9MM shares in Aug/21 has shown no divestment since. Bodes well for REI share value I think.

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