RING ENERGY INC

Ticker: REI CUSIP: 76680V108 Class: Common Stock

Pembroke Management, LTD's Holding History (CIK: 0001063497)

Note: Option positions (PUT/CALL) are excluded.

Q3 2018

Shares 642,050 Value ($000) $6,363 Avg Close $11.99 Range $9.76 - $14.61

Q2 2018

Shares 656,400 Value ($000) $8,284 Avg Close $14.53 Range $11.87 - $17.35

Q1 2018

Shares 677,100 Value ($000) $9,716 Avg Close $14.54 Range $12.77 - $16.09

Q4 2017

Shares 722,000 Value ($000) $10,035 Avg Close $13.43 Range $11.58 - $15.13

Q3 2017

Shares 769,300 Value ($000) $11,147 Avg Close $12.89 Range $11.70 - $14.67

Q2 2017

Shares 907,000 Value ($000) $11,791 Avg Close $12.46 Range $10.55 - $14.14

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	642,050	$6,363	$11.99	$9.76 - $14.61
Q2 2018	656,400	$8,284	$14.53	$11.87 - $17.35
Q1 2018	677,100	$9,716	$14.54	$12.77 - $16.09
Q4 2017	722,000	$10,035	$13.43	$11.58 - $15.13
Q3 2017	769,300	$11,147	$12.89	$11.70 - $14.67
Q2 2017	907,000	$11,791	$12.46	$10.55 - $14.14