OKLAHOMA
CITY, Jan. 16, 2024 /PRNewswire/ -- Riley
Exploration Permian, Inc. (NYSE American: REPX) ("Riley
Permian" or the "Company") today announced that its Board of
Directors has approved a cash dividend on the Company's common
stock in the amount of $0.36 per
share. The dividend is payable on February
8, 2024 to stockholders of record as of the close of
business on January 25, 2024. The
February 2024 dividend will represent
the 20th consecutive distribution made by the Company or
its predecessor.
Additionally, the Company reported that it reduced the principal
value of debt outstanding by $30
million during the fourth quarter of 2023 using available
cash on hand. As of December 31,
2023, the Company had a principal balance of $185 million on its senior unsecured notes and
outstanding borrowings of $185
million under its credit facility with $190 million of undrawn capacity.
About Riley Exploration Permian, Inc.
Riley
Permian is a growth-oriented, independent oil and natural gas
company focused on the acquisition, exploration, development and
production of oil, natural gas, and natural gas liquids. For more
information please visit www.rileypermian.com.
Investor Contact:
Rick D'Angelo
405-438-0126
IR@rileypermian.com
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SOURCE Riley Exploration Permian, Inc.
