Hey Ole, I love my SK panner wrench also......I have has this happened to me before, and what I did was tighten the ring again and try and work it out again. Hopefully as Donald said the threads are not crossed and the ring is only misthread, by tighten it again you sort of realign the threads and it might be able to come out. It worked for me, hoepfully it works for you too.....good luck buddy.