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.
Paul D Mckinney bought 200,000 shares of REI on 10 March at $1.08 per share, worth a total of $215K. They now own 2,966,054 REI shares, or a 7% holding increase.
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