Riley Exploration Permian Inc.

Description

Priced public offering of about 1.7 million shares of its common stock at $30 per share. Includes 30-day option granted to underwriters to purchase of to an additional 250,000 shares of stock. Proceeds of $25 million will be used to accelerate EOR pilot program in Yoakum County, Texas. Remaining proceeds for general corporate purposes, including, but not limited to, financing of capex, acquisitions, investments and other business opportunities, repayment or refinancing of outstanding debt plus working capital purposes. Truist Securities is sole book-running manager. Roth Capital Partners is joint lead manager. Seaport Global Securities is co-manager.

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Estimated Price
$50.0MM
Financing Type
Report Date