Riley Exploration Permian (NYSE American: REPX), an independent oil and natural gas company, recently closed a public offering resulting in proceeds of roughly $50 million, before deducting the underwriting discount and estimated expenses. The offering was comprised of 1,666,667 shares of common stock sold at the public offering price of $30 each. REPX granted the underwriters a 30-day option to purchase up to 250,000 additional shares of its common stock. Roth Capital Partners acted as joint lead manager for the offering.
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About Riley Exploration Permian
Riley Permian is an independent oil and natural gas company focused on steadily growing its reserves, production and cash flow per share through the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids in the Permian Basin. For more information, visit the company’s website at www.RileyPermian.com.
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