Continental Resources, Inc. Extends 5% Senior Notes Exchange Offer
OKLAHOMA CITY, August 1, 2012 /PRNewswire/ -- Continental Resources, Inc. (the "Company") (NYSE:CLR) announced today it has extended the primary expiration date for its previously announced exchange offer relating to its outstanding 5% Senior Notes due 2022 (the "Notes"), which commenced on July 3, 2012.
The registered exchange offer, which was initially scheduled to expire at 5:00 p.m., New York City time, on July 31, 2012, has been extended until 5:00 p.m., New York City Time on August, 14, 2012. Holders of Notes previously tendered for the exchange have the right to withdraw tenders of the Notes at any time prior to the expiration of the exchange offer. As of July 31, 2012, holders of $799 million, or approximately 99.9%, of the outstanding principal amount of the Notes had tendered their Notes for exchange.
This press release includes forward-looking information that is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Other than historical facts included in this press release, all information regarding strategy, future operations, drilling plans, estimated reserves, future production, estimated capital expenditures, projected costs, the potential of drilling prospects and other plans and objectives of management are forward-looking information. All forward-looking statements speak only as of the date of this press release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Actual results may differ materially from those anticipated due to many factors, including oil and natural gas prices, industry conditions, drilling results, uncertainties in estimating reserves, uncertainties in estimating future production from enhanced recovery operations, availability of drilling rigs and other services, availability of crude oil and natural gas transportation capacity, availability of capital resources and other factors listed in reports we have filed or may file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.
SOURCE Continental Resources, Inc.