Dec 1 (Reuters) - Ring Energy Inc REI.A :
* Ring Energy, Inc. Releases update on three well horizontal drilling program
* Ring Energy Inc - sees preliminary capital expenditure budget for 2017 of approximately $70 million
* Ring Energy Inc - funding for 2017 capex budget will come from existing cash flow from operations and company's $60 million senior credit facility Source text for Eikon: Further company coverage: REI.A