Ring Energy, Inc. Announces Pricing of Public Offering of Common Stock

MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE MKT: REI) (the “Company”) announced today
that it has priced an underwritten public offering of 4,500,000 shares
of its common stock to the public at $12.50 per share. The Company has
granted the underwriters a 30-day option to purchase up to an additional
675,000 shares of common stock from the Company at the offering price
(less the underwriting discounts and commissions). The Company expects
to close the sale of the shares of common stock on July 21, 2017,
subject to customary closing conditions. Net proceeds to the Company
from the sale of 4,500,000 shares will be approximately $53.5 million,
after deducting underwriting discounts, commissions and estimated
offering expenses.

The Company intends to use the net proceeds from the offering to fund
its 2017 capital expenditure program and for other general corporate

SunTrust Robinson Humphrey, Inc. and Seaport Global Securities LLC are
acting as joint book-running managers in the offering. Capital One
Securities, Inc., Euro Pacific Capital Inc., IBERIA Capital Partners
L.L.C., Ladenburg Thalmann & Co. Inc., Northland Securities, Inc., and
Roth Capital Partners are acting as co-managers.

The public offering is being made only by means of a prospectus
supplement and accompanying base prospectus to a shelf registration
statement previously filed with and declared effective by the Securities
and Exchange Commission (the “SEC”). A preliminary prospectus supplement
and accompanying base prospectus relating to the offering was filed with
the SEC on July 17, 2017. A final prospectus supplement and accompanying
base prospectus relating to the offering will be filed with the SEC.
Electronic copies of the prospectus supplement and accompanying base
prospectus relating to the offering can be obtained on the SEC’s website
at http://www.sec.gov.
In addition, copies may be obtained, when available, by contacting (i)
SunTrust Robinson Humphrey, 3333 Peachtree Road NE, 9th Floor, Atlanta,
GA 30326, Attention: Prospectus Department; email: [email protected];
telephone: 404-926-5744; or fax: 404-926-5464 or (ii) Seaport Global
Securities LLC, 360 Madison Avenue, 21st Floor, New York, NY 10017; or
telephone: 646-264-5601.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of, these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or

About Ring Energy, Inc.

Ring Energy, Inc. is an oil and gas exploration, development and
production company with current operations in Texas.


Safe Harbor Statement

This release contains forward-looking statements within the meaning of
the “safe-harbor” provisions of the Private Securities Litigation Reform
Act of 1995 that involve a wide variety of risks and uncertainties,
including, without limitations, statements with respect to the Company’s
strategy and prospects. Such statements are subject to certain risks and
uncertainties which are disclosed in the Company’s reports filed with
the SEC, including its Form 10-K for the fiscal year ended December 31,
2016 and its other filings with the SEC. Readers and investors are
cautioned that the Company’s actual results may differ materially from
those described in the forward-looking statements due to a number of
factors, including, but not limited to, the Company’s ability to acquire
productive oil and/or gas properties or to successfully drill and
complete oil and/or gas wells on such properties, general economic
conditions both domestically and abroad, and the conduct of business by
the Company, and other factors that may be more fully described in
additional documents set forth by the Company.


K M Financial, Inc.
Bill Parsons
(702) 489-4447