Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 4 Months Ended 8 Months Ended 12 Months Ended
Apr. 30, 2011
Dec. 31, 2011
Dec. 31, 2012
Oil and Natural Gas Sales $ 96,956 $ 388,674 $ 1,757,444
Costs and Operating Expenses      
Lease operating expenses 71,656 173,310 785,959
Production taxes 4,468 18,428 82,995
Depreciation, depletion and amortization 2,778 89,376 506,786
Accretion expense 3,732 5,547 20,906
General and administrative expenses (including $944,681 and $95,897, respectively, in share-based compensation) 6,000 428,575 2,392,645
Total Costs and Operating Expenses 88,634 715,236 3,789,291
Income (Loss) from Operations 8,322 (326,562) (2,031,847)
Other Income (Expense)      
Gain on derivative put options 0 73,946 276,736
Gain on change in value of Ring Energy, Inc. common stock 0 160,000 0
Non-refundable transaction fee 0 250,000 0
Interest income 0 0 4,309
Interest expense 0 (94,219) (218,805)
Other Income, net 0 389,727 62,240
Income (Loss) Before Provision for Income Taxes 8,322 63,165 (1,969,607)
Benefit from Income Taxes 0 0 300,324
Net Income (Loss) $ 8,322 $ 63,165 $ (1,669,283)
Basic and Diluted Earnings (Loss) per Share $ 0.00 $ 0.01 $ (0.21)