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Stock Market & Financial Investment News

News Breaks
July 10, 2014
07:17 EDTREIRing Energy initiated with a Buy at Global Hunter
Target $24.
News For REI From The Last 14 Days
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January 29, 2015
09:31 EDTREIRing Energy provides Q4 operations update, with production reaching 155,100 BOEs
In the last three months of 2014, Ring drilled 43 new development wells, 33 of which were completed and placed in production by year-end. The remaining 10 development wells are in varying stages of completion and will be placed in production in early 2015. In addition, the company performed five re-fracs and re-completions in the fourth quarter of 2014. For the full year of 2014, the company drilled 135 development wells, with 125 wells being completed and placed in production by year-end. The company had a 100% success rate on development wells drilled and completed in 2014. Despite weather-related issues late in the year, net production for the quarter ended December 31, 2014 was approximately 155,100 BOEs, as compared to net production of 64,010 BOEs for the same quarter in 2013, a 142% increase, and as compared to 140,000 BOEs for the third quarter 2014, an increase of approximately 10.8%. December 2014 average net daily production was approximately 1,865 BOEs, as compared to average net daily production of 806 BOEs in December 2013, an increase of 131%. Total production for 2014 was approximately 482,750 BOEs compared to 121,695 BOEs for 2013, a 297% increase. Gross acreage in the Company’s core Texas properties increased from 14,376 acres at the end of the fourth quarter 2013 to 29,738 acres at the end of the fourth quarter 2014, a 107% increase, and a 32.1% increase from the end of the third quarter 2014.
09:11 EDTREIRing Energy has large advantage over peers, says Roth Capital
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