Continental Resources, Inc. Schedules Special Meeting of Shareholders for Friday, August 10, 2012
OKLAHOMA CITY, July 9, 2012 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) (the "Company") has scheduled a special meeting of shareholders for Friday, August 10, 2012 for the purpose of voting on approval of the issuance of shares of common stock, par value $0.01 per share, of Continental Resources, pursuant to the terms and conditions of the previously announced Reorganization and Purchase and Sale Agreement, dated March 27, 2012 (the "Purchase and Sale Agreement"), among the Company, Wheatland Oil Inc. and the shareholders of Wheatland Oil Inc., in accordance with Section 312.03(b) of the New York Stock Exchange Listed Company Manual and the requirements of the Purchase and Sale Agreement.
The special meeting of shareholders is scheduled to be held at 10 a.m. C.D.T. at the Cox Convention Center, Meeting Room 4, 1 Myriad Gardens, Oklahoma City, Oklahoma 73102-9219.
Continental plans to file with the Securities and Exchange Commission and mail to shareholders later today definitive proxy materials pertaining to the special meeting of shareholders.
About Continental Resources
Continental Resources is a Top 10 petroleum liquids producer in the United States and the largest leaseholder in the nation's premier oil play, the Bakken Play of North Dakota and Montana. Based in Oklahoma City, the Company also has a leading presence in the Anadarko Woodford Play of Oklahoma and the Red River Units Play of North Dakota, South Dakota and Montana. Founded in 1967, Continental's growth strategy has focused on crude oil since the 1980s. The Company reported total revenues of $1.6 billion for 2011 and is ahead of plan to triple production and proved reserves from 2009 to 2014. Visit www.CLR.com for more information.
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