Company: REI
Filing Date: 2025-04-18
Form Type: S-3
Source: 0001628280-25-018466
Chunk: 7

Company: RING ENERGY, INC.
Filing Date: 2025-04-18
Form: S-3
Chunk 7
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 hereof. We assume no obligation, nor do we intend, to update these forward-looking statements, unless required by law.

The information included in this prospectus includes forward-looking statements that involve risks and uncertainties that could materially affect our expected results of operations, liquidity, cash flows and business prospects. Such statements specifically include our expectations as to our future financial position, liquidity, cash flows, results of operations and business strategy, potential acquisition opportunities, other plans and objectives for operations, capital for sustained production levels, expected production and operating costs, reserves, hedging activities, capital expenditures, return of capital, improvement of recovery factors and other guidance. Actual results may differ from anticipated results, sometimes materially, and reported results should not be considered an indication of future performance. For any such forward-looking statement that includes a statement of the assumptions or bases underlying such forward-looking statement, we caution that, while we believe such assumptions or bases to be reasonable and make them in good faith, assumed facts or bases almost always vary from actual results, sometimes materially. You should carefully consider the statements under the heading “Risk Factors” herein and in our Annual Report on Form 10-K for the year ended December 31, 2024.

Such factors (but not necessarily all the factors) that could cause results to differ include, among others:

• declines or volatility in the prices we receive for our oil and natural gas;

• imposition of burdensome tariffs and quotas;

• our ability to raise additional capital to fund future capital expenditures;

• our ability to generate sufficient net cash provided by operating activities, borrowings or other sources to enable us to fully develop and produce our oil and natural gas properties;

• general economic conditions, whether internationally, nationally or in the regional and local market areas in which we do business;

• risks associated with drilling of wells, including completion risks, cost overruns, mechanical failures and the drilling of non-economic wells or dry holes;

• uncertainties associated with estimates of proved oil and natural gas reserves;

• the presence or recoverability of estimated oil and natural gas reserves and the actual future production rates and associated costs;

• unanticipated reductions in the borrowing base under our credit agreement;

• the effect of our oil and natural gas derivative activities;

• our ability to service our outstanding debt obligations;

• the effects of inflation on our cost structure;

• substantial declines in the estimated values of our proved oil and natural gas reserves;

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• our ability to replace our oil and natural gas reserves;

• the effects of rising interest