Continental Resources, Inc. Announces Commencement of Initial Public Offering
PRNewswire
ENID, Okla.

Continental Resources, Inc. ("Continental Resources") announced today the commencement of the initial public offering of 29,500,000 shares of its common stock pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission. Continental Resources is offering 8,850,000 shares of common stock in the offering, and Harold G. Hamm, the Chairman, Chief Executive Officer and principal shareholder of Continental Resources, is offering to sell 20,650,000 shares of common stock in the offering. In addition, Mr. Hamm has granted the underwriters a 30-day option to purchase up to an additional 4,425,000 shares of common stock to cover over-allotments. The common stock has been approved for listing on the New York Stock Exchange, subject to official notice of issuance, under the symbol "CLR."

(Logo: http://www.newscom.com/cgi-bin/prnh/20070501/DATU029LOGO )

Continental Resources is an independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States.

J.P. Morgan Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated will act as joint book-running managers of the offering. Citi, UBS Securities LLC, Deutsche Bank Securities, Inc. and Raymond James & Associates will act as co-managers of the offering. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from J.P. Morgan Securities, Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, New York, 11245, Attention: Prospectus Department; fax: 718-242-8002; phone: 718-242-8003; or Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, Attention: Prospectus Department, New York, New York 10080; 212-449-1000.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities issuable pursuant to the registration statement, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Statements about the proposed offering are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside of the control of Continental Resources, and a variety of risks that could cause results to differ materially from those expected by the management of Continental Resources.

   Continental Resources, Inc.
   P.O. Box 1032
   302 N. Independence
   Enid, Oklahoma 73702

   For Investor Relations inquiries contact:
   John Hart
   Tel: + 1 (580) 548-5110

   For Media inquiries contact:
   Don Fischbach
   Tel: + 1 (580) 233-8955

First Call Analyst:
FCMN Contact:

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070501/DATU029LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: Continental Resources, Inc.

CONTACT: investor relations, John Hart, +1-580-548-5110, or media, Don
Fischbach, +1-580-233-8955, both of Continental Resources, Inc.

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