Ring Energy, headquartered in The Woodlands, Texas, focuses on oil and gas exploration in the Permian Basin, holding 129.8 million BOE in proved reserves across 96,127 acres. The company employs 108 people and went public on March 28, 2007.
John A Crum bought 50,000 shares of REI on 1 April at $1.15 per share, worth a total of $57K. They now own 564,125 REI shares, or a 10% holding increase.
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