Address of Principal0Executive Office (Street and Number)
The Woodlands, TX 77380
City, State and0Zip Code
PART II - RULES 12b-25(b) AND (c)
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
x (b) The subject annual report, semi-annual0report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before0the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date;0and
No accountant's statement or exhibit is necessary.
PART III -- NARRATIVE
The Registrant was unable to complete all the0formatting of the Form 10-Q in order for it to be filed on the EDGAR system on the required due date. The Form 10-Q will be filed promptly0after filing of this notification.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Travis0T. Thomas
(281)
397-3699
(Name)
(Area Code)
(Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the0Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such0report(s) been filed? If answer is no, identify report(s). x Yes ¨0No
(3) Is0it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected0by the earnings statements to be included in the subject report or portion thereof? x Yes ¨0No
Income (unaudited) from operations for the three0months ended September 30, 2022 was $53,571,866 compared to $24,387,015 for the like period in 2021, and for the nine months ended September030, 2022, was $145,910,111 compared to $63,886,783 for the like period in 2021. Net income (unaudited) for the three months ended September030, 2022, was $75,085,891 compared to $14,163,934 in the like period for 2021, and for the nine months ended September 30, 2022, was $124,142,3560compared to a net loss of $20,789,318 for the like period in 2021.
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Ring0Energy, Inc.
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its0behalf by the undersigned hereunto duly authorized.
Date: November 9, 2022
By: /s/ Travis T. Thomas
Travis
T. Thomas
Chief Financial Officer
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Ring Energy Inc. published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 11:17:39 UTC.
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).