Continental Resources Plans 2012 Investors Day for Tuesday, October 9, 2012
OKLAHOMA CITY, Aug. 23, 2012 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) plans to hold its 2012 Investors Day on Tuesday, October 9, 2012 in Oklahoma City in conjunction with its 45th corporate anniversary. Presentations will begin at 8 a.m. CT at the Cox Convention Center in downtown Oklahoma City.
Presentations will focus on Continental's five-year strategic growth plan for 2012-2017, with particular emphasis on its 2013 growth outlook. In addition, Continental teams will discuss their plans to grow and increase the efficiency of the Company's operations over the next several years. The Company will discuss how it is expanding the geographic scope and potential of its exploration and production operations. Finally, the Company will discuss general operating and growth expectations for 2018-2022.
Along with record second-quarter production growth, Continental on August 8, 2012 announced it is ahead of plan to triple production. The Company's original five-year growth plan was announced at its 2010 Investors Day in October 2010. Continental now expects to triple production 18-to-24 months ahead of the original year-end 2014 target, and in addition to triple proved reserves ahead of schedule.
"We have accelerated growth to bring forward the value of our premier assets, especially in the Bakken," said Harold Hamm, Chairman and Chief Executive Officer. "Continental's performance has been exceptionally strong since our 2010 Investors Conference, and our goal at the 2012 conference will be to share our exciting growth plan for the next five years."
The Continental Resources 2012 Investors Conference will be audio webcast on the Company's website at www.CLR.com. Individuals interested in attending the conference must register in advance by visiting www.regonline.com/CLRinvestorsday before October 1, 2012. Presentation materials for the Continental Resources 2012 Investors Day will be available the morning of Tuesday, October 9, 2012 on the Company's website at www.CLR.com.
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