Ring Energy (REI) Posts Mixed Q4 Results
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Ring Energy Announces Financial and Operational Results for Fourth Quarter and Year End 2014
March 16, 2015 4:23 PM EDT
2014 Revenues Increase 269%
Fourth Quarter Revenues
Increase 98%
Proved Reserves Increase 43%
MIDLAND, Texas--(BUSINESS WIRE)-- Ring Energy, Inc. (NYSE MKT: REI) (Ring)(Company) announced today financial results for the fourth quarter and year ended December 31, 2014.
Ring had net income of $2,708,604, a 76% increase, on oil and gas revenues of $9,984,982, a 98% increase, for the fourth quarter compared to net income of $1,534,957 on revenues of $5,051,434 for the fourth quarter ended December 31, 2013. For the year ended December 31, 2014, Ring had net income of $8,420,500 on revenues of $38,089,443, as compared to a loss... More
