Lone Pine Resources Announces Proposed US$200 Million Offering of Senior Unsecured Notes

Lone Pine Resources

today announced that it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of US$200 million in aggregate principal amount of senior unsecured notes due 2017. Lone Pine intends to use the net proceeds from the proposed offering to partially repay borrowings outstanding under its bank credit facility. The notes will be issued by the Company's wholly-owned subsidiary, Lone Pine Resources Canada Ltd. The notes to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes also will not be qualified for public distribution under the securities laws of any Canadian jurisdiction and may not be offered or sold in Canada, except pursuant to an exemption from the prospectus requirements of such laws.