Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)
Common Stock Shares
Common Stock Amount
USD ($)
Additional Paid - in Capital
USD ($)
Accumulated Deficit
USD ($)
Total Stockholders' Equity (Deficit)
USD ($)
Balance at May. 01, 2011 6,250,000 6,250 199,750 0 206,000
Capital contributions from shareholders of available-for-sale securities   $ 0 $ 200,000 $ 0 $ 200,000
Net capital distributions to shareholders   0 (150,000) 0 (150,000)
Share-based compensation,   0 95,897 0 95,897
Redemption of common stock and distributions to shareholders (2,810,000) (2,810) (141,062) (4,377,700) (4,521,572)
Net incomefor 2011   0 0 63,165 63,165
Balance at Dec. 31, 2011 3,440,000 3,440 204,585 (4,314,535) (4,106,510)
Share-based compensation.   0 944,681 0 944,681
Common stock issued to purchase Ring Energy, Inc. 6,579,808 6,580 13,525,180 0 13,531,760
Common stock issued for cash 3,148,425 3,148 13,005,914 0 13,009,062
Common stock issued in property acquisitions 997,778 998 4,489,003 0 4,490,001
Net loss for 2012   $ 0 $ 0 $ (1,669,283) $ (1,669,283)
Balance at Dec. 31, 2012 14,166,011 14,166 32,169,363 (5,983,818) 26,199,711