Ring Energy Announces Changes in Company Leadership
March 24 2021 - 04:46PM
Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”)
announced that Travis Thomas will be promoted, effective today,
from his current position as Vice President of Finance to Chief
Financial Officer (“CFO”) of the Company, and will be based in the
newly relocated Woodlands Texas headquarters. Randy Broaddrick, who
has served the Company as CFO since its reverse merger with
Stanford Energy in 2012, will remain in the Tulsa, OK area to spend
more time with his family, pursue other interests, and will
continue in a supportive role to the Company as needed. Mr.
Broaddrick’s departure is not related to any issues regarding
strategy, financial disclosures, accounting or legal matters, or
any disagreements with management or the Board.
Paul McKinney, Chairman and Chief Executive
Officer, commented, “We want to thank Randy for his extensive
contributions and dedication to Ring since its inception nine years
ago. He has been instrumental in our success and growth and we
truly appreciate his financial leadership. We wish Randy the very
best in all his future endeavors. I also want to congratulate
Travis on his promotion to an executive role and know that he will
be a great addition to our leadership team. His extensive financial
experience will benefit the Company as we look forward to achieving
our strategic goals of delivering profitable growth and value for
our shareholders.”
About Travis Thomas
Travis Thomas has 16 years of financial
leadership experience and 11 years in the energy industry at both
public and private companies. Prior to joining Ring in October
2020, he served as the Chief Accounting Officer at Paradox
Resources, LLC where he was responsible for all financial affairs
of the company. Mr. Thomas received a BBA with a major in Finance
from the McCombs School of Business at the University of Texas at
Austin and is a member of several industry organizations including
the Petroleum Accountant Society of Houston and the Houston Energy
Finance Group.
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration,
development, and production company with current operations focused
on the conventional development of its Permian Basin assets in West
Texas and New Mexico. For additional information, please visit
www.ringenergy.com.
Safe Harbor Statement
This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements involve a wide variety of risks and uncertainties, and
include, without limitations, statements with respect to the
Company’s strategy and prospects. Such statements are subject to
certain risks and uncertainties which are disclosed in the
Company’s reports filed with the SEC, including its Form 10-K for
the fiscal year ended December 31, 2020, and its other filings with
the SEC. Readers and investors are cautioned that the Company’s
actual results may differ materially from those described in the
forward-looking statements due to a number of factors, including,
but not limited to, the Company’s ability to acquire productive oil
and/or gas properties or to successfully drill and complete oil
and/or gas wells on such properties, general economic conditions
both domestically and abroad, and the conduct of business by the
Company, and other factors that may be more fully described in
additional documents set forth by the Company.
Contact Information
David A. Fowler, Investor RelationsRing Energy, Inc.Office:
432-682-7464dfowler@ringenergy.com
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