2014

Resolute Energy Corporation Announces Common Stock Offering

DENVER, May 7, 2013 /PRNewswire/ -- Resolute Energy Corporation ("Resolute" or the "Company") (NYSE: REN) announced today that it intends, subject to market conditions, to offer 13,250,000 shares of its common stock in an underwritten public offering.  In addition, certain selling stockholders will also offer 3,000,000 shares of common stock for sale in connection with the Company's offering at the same price per share and on the same terms as offered by the Company.  Pricing and number of shares offered will be determined in the context of the market.  The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 2,437,500 shares solely to cover over-allotments, if any.  The Company intends to use its portion of the net proceeds from the offering to repay outstanding balances under its revolving credit facility.

Barclays, BMO Capital Markets, Citigroup, Raymond James and Wells Fargo Securities will act as joint book-runners for the offering, and Johnson Rice & Company L.L.C. and Capital One Southcoast will act as senior co-managers for the offering.

The common stock will be offered and sold pursuant to both an effective shelf registration statement and an effective selling stockholder registration statement, each previously filed with the Securities and Exchange Commission ("SEC").  The offering is being made only by means of a prospectus supplement and accompanying base prospectuses.  A preliminary prospectus supplement, which is subject to completion or amendment, containing important information relating to the Company and the common stock will be filed with the SEC.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein or any other securities of the Company, nor shall there be any sale of any such securities in any state or jurisdiction in which the offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the prospectus supplement and accompanying base prospectuses relating to the offering may be obtained free of charge on the SEC's website at www.sec.gov or from the underwriters by contacting Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Telephone: (888) 603-5847, or by emailing barclaysprospectus@broadridge.com; BMO Capital Markets, 3 Times Square, 27th Floor, New York, NY 10036, Attention: Syndicate Department, Telephone: (800) 414-3627, or by emailing bmoprospectus@bmo.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1-800-831-9146 or by emailing batprospectusdept@citi.com; Raymond James, Attention: Prospectus Department, 880 Carillon Parkway, St. Petersburg, Florida 33716, Telephone: (800) 248-8863 or by emailing prospectus@raymondjames.com; or Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, Telephone: (800) 326-5897 or by e-mailing cmclientsupport@wellsfargo.com.

About Resolute Energy Corporation
Resolute is an independent oil and gas company focused on the acquisition, exploration, exploitation and development of oil and gas properties, with a particular emphasis on liquids focused, long-lived onshore U.S. opportunities. Resolute's producing properties are located in the Paradox Basin in Utah, the Permian Basin in Texas and New Mexico, the Bakken trend of North Dakota and the Powder River Basin in Wyoming.  The Company also owns exploration properties in the Permian Basin of Texas and the Big Horn Basin of Wyoming.

Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.  Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "poised," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements.  Such forward looking statements include statements regarding completion of the offering, the intended use of proceeds of the offering, anticipated amounts or pricing of the common stock being offered and the exercise of any option to purchase additional shares.  Resolute's expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended.  Actual results may differ materially from those contained in the forward-looking statements in this press release.  Resolute undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release.  You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see the Company's risk factors, as they may be amended from time to time, set forth in the Company's filings with the SEC, including the Company's Annual Report on Form 10-K for the year ended December 31, 2012, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2013 and the prospectus supplement and accompanying base prospectuses mentioned above.  All forward-looking statements are qualified in their entirety by this cautionary statement.

CONTACT:

HB Juengling


Vice President - Investor Relations


Resolute Energy Corporation


303-534-4600


hbjuengling@resoluteenergy.com 

SOURCE Resolute Energy Corporation




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