Ring Energy and its lenders, with SunTrust Bank as administrative agent and issuing bank, entered into an amendment that decreases its borrowing base to $60 million.

The amendment decreases the borrowing base under the credit agreement to $60 million effective as of May 18, 2016. The amendment also adds provisions to the credit agreement to address the requirements now applicable to lenders who are EEA Financial Institutions with respect to the Bail-In Legislation.

Except as changed by the amendment, all of the terms and conditions of the credit agreement remain in full force and effect.