Ring Energy plans to price public offering of common stock

Bookrunners SunTrust Robinson Humphrey and Seaport Global will assist

By Devika Patel

Knoxville, Tenn., April 20 – Ring Energy, Inc. will conduct a public sale of common shares with a 30-day greenshoe, according to a preliminary prospectus supplement filed Wednesday with the Securities and Exchange Commission.

SunTrust Robinson Humphrey, Inc. and Seaport Global Securities LLC are the bookrunners.

Proceeds will be used for the company’s pilot horizontal drilling program, to repay some debt under its $50.9 million 3.1% revolving credit facility due 2019 and for general corporate purposes.

Ring Energy is an oil and gas company based in Redlands, Calif.

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