Jeffrey Robertson

Noel Parks

Jeffrey Grampp

John White

Neal Dingmann

Bertrand Donnes

- **Ring Energy, Inc. (REI)** announced the immediate resignation of its Chief Financial Officer, **Travis T. Thomas**, who served for five years.  **[1384195_eed70a0b900448e0b736238ee67ea187_0]** 
- The Company stated that Mr. Thomas's resignation was **not a result of any disagreement** with the Company.  **[1384195_eed70a0b900448e0b736238ee67ea187_0]** 
- **Rocky Kwon**, the current Vice President of Accounting, Controller, and Assistant Treasurer, has been appointed **Interim Chief Financial Officer** while a search for a new CFO is conducted.  **[1384195_eed70a0b900448e0b736238ee67ea187_0]** 
- Chairman and CEO Paul D. McKinney expressed confidence in Mr. Kwon's leadership and reiterated the Company's commitment to **debt reduction** and delivering shareholder value.  **[1384195_eed70a0b900448e0b736238ee67ea187_0]**

Ring Energy Announces CFO Departure and Interim Appointment

- Ring Energy has established a debt reduction target of approximately **$18 million** for the third quarter of 2025.  **[1384195_4eb35449bb524a398ef031f626a211c3_0]** 
- The company anticipates its borrowings outstanding on its credit facility will decrease from **$448 million** as of June 30, 2025, to approximately **$430 million** by September 30, 2025.  **[1384195_4eb35449bb524a398ef031f626a211c3_0]** 
- This debt reduction effort is a response to a drop in oil prices experienced earlier this year, aimed at maximizing free cash flow and strengthening the balance sheet.  **[1384195_4eb35449bb524a398ef031f626a211c3_0]** 
- Warburg Pincus has recently exited its full common equity position in Ring Energy.  **[1384195_4eb35449bb524a398ef031f626a211c3_0]**

RING ENERGY (REI)