UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

RING ENERGY, INC.
(Name of Issuer)
 
Common Stock, par value $0.001
(Title of Class of Securities)

 

  76680V108  
  (CUSIP Number)  
 
November 21, 2022
(Date of Event Which Requires Filing of This Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  o Rule 13d-1(b)
     
  x Rule 13d-1(c)
     
  o Rule 13d-1(d)

 

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 

 

 

1
 

 

CUSIP No. 76680V108
1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

William R. Kruse

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

 

(a)o

(b)o

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

1,014,3001

6

SHARED VOTING POWER

 

11,682,6481

7

SOLE DISPOSITIVE POWER

 

1,014,3001

8

SHARED DISPOSITIVE POWER

 

11,682,6481

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12,696,9481

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

o

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

7.2%2

12

TYPE OF REPORTING PERSON (see instructions)

 

IN

 

1 William R. Kruse owns 14,300 shares of stock in his individual accounts over which he has sole voting and dispositive power. William R. Kruse owns warrants (the” Warrants”) to purchase an additional 1,000,000 shares, which are included in the total. William R. Kruse and Deborah L. Kruse own 11,682,648 shares in accounts as joint tenants with right of survivorship. This Schedule 13G is filed by the reporting persons and amends, supplements and replaces in its entirety the Schedule 13D filed on February 4, 2022, (the “Schedule 13D”). See Preliminary Statement.

 

2 Based on 174,411,333 shares issued and outstanding as reported on the Issuer’s most recent 10-Q filed on November 10, 2022.

 

2
 

 

CUSIP No. 76680V108
1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Deborah L. Kruse

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

 

(a)o

(b)o

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

01

6

SHARED VOTING POWER

 

11,682,6481

7

SOLE DISPOSITIVE POWER

 

01

8

SHARED DISPOSITIVE POWER

 

11,682,6481

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

11,682,6481

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

o

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.7%2

12

TYPE OF REPORTING PERSON (see instructions)

 

IN

 

1 William R. Kruse owns 14,300 shares of stock in his individual accounts over which he has sole voting and dispositive power. William R. Kruse owns warrants (the” Warrants”) to purchase an additional 1,000,000 shares, which are included in the total. William R. Kruse and Deborah L. Kruse own 11,682,648 shares in accounts as joint tenants with right of survivorship. This Schedule 13G is filed by the reporting persons and amends, supplements and replaces in its entirety the Schedule 13D filed on February 4, 2022, (the “Schedule 13D”). See Preliminary Statement.

 

2 Based on 174,411,333 shares issued and outstanding as reported on the Issuer’s most recent 10-Q filed on November 10, 2022.

 

3
 

 

Preliminary Statement;

 

. This Schedule 13G is filed by the reporting persons and amends, supplements and replaces in its entirety the Schedule 13D filed on February 4, 2022, (the “Schedule 13D”). The Schedule 13D had superseded a Schedule 13G previously filed by the reporting persons relating to the Common Stock of the Issuer. The reporting persons have determined that they no longer hold any shares of Common Stock of the Issuer with any purpose, or with the effect of, changing or influencing control of the Issuer or in connection with or as a participant in any transaction having that purpose or effect. In accordance with Rule 13d-1(h), the reporting persons accordingly determined to again report their beneficial ownership of shares of Common Stock of the Issuer on Schedule 13G.

 

 

Item 1(a). Name of Issuer:
   
   RING ENERGY, INC.
   
Item 1(b). Address of Issuer’s Principal Executive Offices:
   
   1725 Hughes Landing Blvd, Suite 900, The Woodlands, TX 77380
   
Item 2(a). Name of Person Filing:
   
   William R. Kruse
   
Item 2(b). Address of Principal Business Office or, if none, Residence:
     
   1340 S. Main Street, Suite 300, Grapevine, TX 76051
   
Item 2(c). Citizenship:
   
   USA
   
Item 2(d). Title of Class of Securities:
   
   Common Stock, $0.001 par value per share
   
Item 2(e). CUSIP Number:  76680V108

 

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Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
   
  (a) o Broker or dealer registered under Section 15 of the Act;
  (b) o Bank as defined in Section 3(a)(6) of the Act;
  (c) o Insurance company as defined in Section 3(a)(19) of the Act;
  (d) o Investment company registered under Section 8 of the Investment Company Act of 1940;
  (e) o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
  (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
  (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
  (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940;
  (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
  (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:      

 

Item 4. Ownership William R. Kruse:
  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
   (a) Amount Beneficially Owned: 12,696,948 shares
   (b) Percent of Class: 7.2%
   (c) Number of shares as to which such person has:
      (i) sole power to vote or to direct the vote: 1,014,300 shares
      (ii) shared power to vote or to direct the vote: 11,682,648 shares
      (iii) sole power to dispose or to direct the disposition of: 1,014,300 shares
      (iv) shared power to dispose or to direct the disposition of: 11,682,648 shares
         

 

Item 4. Ownership Deborah L. Kruse:
  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
   (a) Amount Beneficially Owned: 11,682,648 shares
   (b) Percent of Class: 6.7%
   (c) Number of shares as to which such person has:
      (i) sole power to vote or to direct the vote: 0 shares
      (ii) shared power to vote or to direct the vote: 11,682,648 shares
      (iii) sole power to dispose or to direct the disposition of: 0 shares
      (iv) shared power to dispose or to direct the disposition of: 11,682,648 shares
         

 

5
 

 

Item 5. Ownership of Five Percent or Less of a Class.
   
   If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
   
 Item 6. Ownership of More than Five Percent on Behalf of Another Person.
   
   Not applicable.
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
   
   Not applicable.
   
Item 8. Identification and Classification of Members of the Group.
   
   Not applicable.
   
Item 9. Notice of Dissolution of Group.
   
   Not applicable.
   
Item 10. Certification.
   
   By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect for the time being.

 

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SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

  November 22, 2022  
  Date  
     
  /s/ William R. Kruse  
  Signature  
     
  William R. Kruse, Individual  
  Name/Title  
     
     
     
  /s/ Deborah L. Kruse  
  Signature  
     
  Deborah L. Kruse, Individual  
  Name/Title  

 

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EXHIBIT A

 

JOINT FILING AGREEMENT

 

This Joint Filing agreement (this “Agreement”) hereby confirms the agreement by and among all of the undersigned that the Amendment No. 3 Schedule 13G to which this Agreement is attached as Exhibit A with respect to the beneficial ownership of the undersigned of shares Common Stock of Ring Energy, Inc. is being filed on behalf of each of the undersigned. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

 

Date:  November 22, 2022   /s/   William R. Kruse
    WILLIAM R. KRUSE
     
     
    /s/   Deborah L. Kruse
Date:  November 22, 2022   DEBORAH L. KRUSE

 

 

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