Ring Energy, Inc. General form of registration statement for all companies including face-amount certificate companies

EMPLOYEE STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2012

Following is a table reflecting the issuances during 2011 and 2012 and their related exercise prices:

A summary of the status of the stock options as of December 31, 2012 and changes during the years ended December 31, 2012 and 2011 is as follows:

	2012			2011
	Options	Weighted-Average Exercise Price		Options	Weighted-Average Exercise Price
Outstanding at beginning of the year	1,125,000	$	2.00	-	$	-
Issued	165,000		4.50	1,125,000		2.00
Forfeited	(165,000)		2.00	-		-
Exercised	-		-	-		-

Outstanding at end of year	1,125,000	$	2.37	1,125,000	$	2.00

Exercisable at end of year	200,000	$	2.00	-	$	-

Weighted average fair value of
options granted during the year		$	4.26		$	2.32

The following are the Black-Scholes weighted-average assumptions used for options granted during the periods ended December 31, 2012 and 2011:

The following table summarizes information related to the Companys stock options outstanding at December 31, 2012:

	Options Outstanding
Exercise price	Number Outstanding	Weighted-Average Remaining Contractual Life (in years)	Number Exercisable
2.00	960,000	8.92	200,000
4.50	165,000	9.49	-

	1,125,000	9.00	200,000