Chaparral Energy, Inc. Announces Extension of Exchange Offer for Its 7.625% Senior Notes Due 2022
OKLAHOMA CITY, Okla., Oct. 29, 2012 (GLOBE NEWSWIRE) -- Chaparral Energy, Inc. ("Chaparral") announced that it has extended the expiration date of its previously announced exchange offer for its 7.625% Senior Notes due 2022 (CUSIP Nos. 15942RAC3 and U16002AH7). The exchange offer, which was to expire at 5:00 p.m., New York City time, on October 29, 2012, will now be extended to 5:00 p.m., New York City time, November 2, 2012, unless the exchange offer is terminated or further extended (the "Expiration Date").
As of October 29, 2012, $393,286,000 aggregate principal amount of the Notes have been tendered for exchange.
Except for the extension of the Expiration Date as described above, all other terms and conditions of the exchange offer remain unchanged. Holders that have previously tendered their Notes for exchange do not need to re-tender their Notes or take any other action in response to this extension.
Founded in 1988, Chaparral Energy, Inc. is a growing independent oil and natural gas production and exploitation company, headquartered in Oklahoma City. The company is an oil focused company and one of the largest oil producers in the State of Oklahoma. The long term growth of the company is positioned to come from its development of CO2 EOR operations, with near term growth coming from drilling activities. The company holds a significant acreage position in the liquids rich Northern Oklahoma Mississippi Play, along with several other developing plays in the Mid-Continent and Permian Basin.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking statements." All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect our operations, financial performance, and other factors as discussed in our filings with the Securities and Exchange Commission. Among the factors that could cause results to differ materially are those risks discussed in the periodic reports we file with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2011. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading "Risk Factors." We do not undertake any duty to update any forward-looking statement except as required by law.