Text Size:
A | A

Ring Energy Details Year-end 2013 Financial Results

Text Size: A | A
 
March 24, 2014

An increase of 609% on oil and natural gas revenues helped Ring Energy Inc. (NYSE MKT: REI) end 2013 on a 1,047% increase over 2012 for its income earned in the fourth-quarter period, the company said March 21.

Net income earned in fourth-quarter 2013 was $1,534,957, compared to $133,821 from 2012, the company said, noting that the amount earned in fourth-quarter 2012 was based on oil and natural gas revenues of $712,180.

Ring Energy lost less money—$452, 209 in fourth-quarter 2013, compared to $1,669,283 in the same period 2012, the ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription