23 Mar 2012securities registration● Neutral
RING ENERGY, INC. filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Mar 2012material agreement● Neutral
Separately from the Stanford deal, Ring agreed to buy about 161 acres of Andrews County, Texas leasehold from Patriot Royalty & Land for roughly $113,000, and put money in escrow for another small nearby lease from Fisher Royalties.
1 Mar 2012capital raising announcement● Neutral
Ring corrected its January 20, 2012 report on the two $4.00-per-share private stock sales. The first offering was 1,167,504 shares for $4,670,016 (the original report omitted four shares). The second had sold 1,071,180 shares for $4,284,720 as of January 30, 2012 (the original overstated it by 12,000 shares). Costs were $4,847 and $4,165 respectively. Note the corrected first-offering proceeds ($4,670,016) are lower than the original figure ($4,760,000), even though the share count rose by four.
9 Feb 2012director interest notice● Neutral
RING ENERGY, INC. director Denny W Nestripke bought 1,500 shares on the open market at $4.00.
7 Feb 2012business combination● NeutralMajor
Ring and Stanford Energy revised their deal: the $8 million cash component was dropped in favor of an all-stock exchange (3.44 million Ring shares), and Ring disclosed it had already advanced Stanford $1 million in loans ahead of closing.
31 Jan 2012securities registration● Neutral
RING ENERGY, INC. filed notice of an exempt private placement.
20 Jan 2012capital raising announcement● NeutralMajor
Ring reported two private stock sales at $4.00 per share, both to accredited investors with no underwriting fees. The first closed December 23, 2011: 1,167,500 shares for $4,760,000 from 27 investors. A second round, begun the same day, had sold 1,083,180 shares for $4,334,720 to 36 investors by the report date. This follows the exempt private placement notices filed in December 2011 and January 2012. The filing does not say what the money will be used for.
11 Jan 2012director interest notice● Neutral
RING ENERGY, INC. director Robert Morley bought 40,000 shares on the open market at $160000.00.
4 Jan 2012securities registration● Neutral
RING ENERGY, INC. filed notice of an exempt private placement.
5 Dec 2011securities registration● Neutral
RING ENERGY, INC. filed notice of an exempt private placement.
14 Nov 2011quarterly activities report● Neutral
RING ENERGY, INC. reported a quarterly net income of $127 thousand for the period ended 2011-09-30.
4 Oct 2011business combination▲ GoodMajor
Looking for a bigger foothold after its first well failed, Ring signed a non-binding letter of intent to buy Stanford Energy and its Andrews County, Texas oil and gas interests for $8 million cash plus 2 million shares, paying a $250,000 non-refundable fee to secure the deal.
31 Aug 2011quarterly activities report● Neutral
RING ENERGY, INC. reported a quarterly net income of $127 thousand for the period ended 2011-09-30.
15 Aug 2011quarterly activities report● Neutral
RING ENERGY, INC. reported quarterly revenue of $0 and net income of $127 thousand for the period ended 2011-06-30.
13 May 2011quarterly activities report▼ Bad
RING ENERGY, INC. reported quarterly revenue of $0 and a net loss of $24 thousand for the period ended 2011-06-30.
2 Feb 2011director interest notice● Neutral
RING ENERGY, INC. director Denny W Nestripke bought 500 shares on the open market at $2.50.
1 Feb 2011material agreement▼ BadMajor
Ring's first well, on the Howard County prospect, came up dry in both zones it tried and was fully written off. Ring also declined to fund further drilling there, effectively walking away from its first oil and gas bet.
11 Aug 2010quarterly activities report● Neutral
RING ENERGY, INC. reported quarterly revenue of $1 thousand for the period ended 2010-06-30.
12 May 2010quarterly activities report● Neutral
RING ENERGY, INC. reported quarterly revenue of $1 thousand for the period ended 2010-06-30.
11 Aug 2009director interest notice● Neutral
Michael F Harland became a RING ENERGY, INC. director and company insider (initial ownership filing).
10 Aug 2009director interest notice● Neutral
Denny W Nestripke became a RING ENERGY, INC. director and company insider (initial ownership filing).
10 Aug 2009director interest notice● Neutral
Robert Steve Owens became a RING ENERGY, INC. President, CEO, CFO and company insider (initial ownership filing).
10 Aug 2009director interest notice● Neutral
Robert Morley became a RING ENERGY, INC. director and company insider (initial ownership filing).
20 May 2009material agreement▲ GoodMajor
Now renamed Ring Energy, the company left mining behind and made its first oil and gas move: a 25% working interest in a single Howard County, Texas prospect operated by Big Star Oil and Gas, for a $35,750 fee plus its share of a $300-400K well.
12 June 2008director interest notice● Neutral
Robert Morley became a RING ENERGY, INC. director and company insider (initial ownership filing).
12 June 2008director interest notice● Neutral
Michael F Harland became a RING ENERGY, INC. director and company insider (initial ownership filing).
12 June 2008director interest notice● Neutral
Robert Steve Owens became a RING ENERGY, INC. President and company insider (initial ownership filing).
11 Feb 2008auditor change● Neutral
Transglobal Mining's auditor Amisano Hanson resigned after merging into BDO Dunwoody, which took over as accountant. No disagreements were reported; a routine firm-consolidation change, not a red flag.
8 May 2007material agreement● Neutral
As Transglobal Mining Corp (renamed from Blanca Corp), the future Ring Energy took an option with China Eastern Mining to develop shafts on a Chinese gold property, splitting any profit 65/35. This was the shell's original business, years before it became a Texas oil and gas company.
12 Jan 2007securities registration● Neutral
RING ENERGY, INC. registered a small-business securities offering with the SEC.