Market Overview

Equal Energy Responds to Unsolicited Proposal from Montclair Energy


Equal Energy (NYSE: EQU) confirms that it is aware of a public
announcement by Montclair Energy today with respect
to its prior unsolicited and conditional proposal dated February 27,
2013 to acquire all of the common shares of Equal (the "Proposal").

In response to Equal's receipt of the afore-mentioned Proposal and a
number of verbal non-binding and conditional expressions of interest
for a potential transaction, the board of directors of Equal formed a
special committee (the "Special Committee") of independent directors in
early March to investigate and evaluate all proposals presented to
Equal.  Global Hunter Securities, LLC and Scotia Waterous Inc. were
engaged as financial advisors to assist the Special Committee.  The
Special Committee, with the assistance of its financial and legal
advisors, intends to consider such expressions of interest in a
deliberate and thoughtful manner with a view to the best interests of
Equal before undertaking any specific course of conduct. Equal did not
intend to disclose, nor will it disclose further, developments with
respect to the process being undertaken by the Special Committee unless
and until the board of directors has approved a definitive transaction.

Equal has

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Posted-In: News Guidance Contracts Asset Sales Management M&A


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