Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 56

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 56
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 John A. CrumMrs. Regina RoesenerMr. John A. CrumDirectorDirectorDate: March 5, 2025Date: March 5, 2025/s/ Richard E. Harris/s/ David S. HabachyMr. Richard E. HarrisMr. David S. HabachyDirectorDirectorDate: March 5, 2025Date: March 5, 2025

69

RING ENERGY, INC.

INDEX TO FINANCIAL STATEMENTS

PageReport of Grant Thornton LLP Independent Registered Public Accounting Firm (PCAOB ID Number 248)F-2Balance Sheets as of December 31, 2024 and 2023F-4Statements of Operations for the years ended December 31, 2024, 2023, and 2022F-5Statement of Stockholders’ Equity for the years ended December 31, 2024, 2023, and 2022F-6Statements of Cash Flows for the years ended December 31, 2024, 2023, and 2022F-7Notes to Financial StatementsF-9Supplemental Information on Oil and Natural Gas Producing Activities (Unaudited)F-42

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Stockholders

Ring Energy, Inc.

Opinion on the financial statements

We have audited the accompanying balance sheets of Ring Energy, Inc. (a Nevada corporation) (the “Company”) as of December 31, 2024 and 2023, the related statements of operations, stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America. 

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in the 2013 Internal Control—Integrated Framework