 OKLAHOMA CITY, May 11, 2021 PRNewswire -- Riley Exploration Permian, Inc. NYSE American: REPX Riley Permian or the Company, today reported financial and operational results for the fiscal second quarter ended March 31, 2021. HIGHLIGHTS Closed reverse merger transaction with Tengasco on February 26, 2021 Increased total equivalent sales volumes to 8.3 MBoe per day for the second quarter 2021, an increase of 11 over the same period in 2020, despite significant reductions in capital expenditures and production outages due to two severe storms Generated Cash Flow from Operations of 38.1 million for the six months ended March 31, 2021 Reported a Net Loss of 48.5 million for the three months ended March 31, 2021, with Adjusted Net Income of 8.6 million for the same period Incurred capital expenditures of 17.1 million for the six months ended March 31, 2021, which corresponds to 43 of EBITDAX1, representing a significant decrease of 49 compared to the same period for 2020 Generated Free Cash Flow1 of 20.6 million for the six months ended March 31, 2021 Paid cash common dividends of 3.8 million during the three months ended March 31, 2021; announced latest dividend of 0.28 per share with a record date of April 16, 2021, which was paid May 7, 2021, for a total of 5.0 million Exited the second quarter with 10.1 million in cash and 97.5 million drawn on the credit facility Decreased flaring by 35 quarter-over-quarter Production, cash flow, capital investing and leverage trends all performing in line with previously released guidance and the Companys capital allocation framework Began operations on enhanced oil recovery EOR project, which will utilize a combination of water and C02 injection, including the goal of using anthropogenic CO2 ACO2 Bobby Riley, Chief Executive Officer of Riley Permian, stated, Were excited to have closed our reverse merger transaction and welcome the positive reception by markets thus far. 