STONE ENERGY CORPORATION (NYSE:SGY) Files An 8-K Regulation FD Disclosure
Item7.01. Regulation FD Disclosure.
On February24, 2017, Stone Energy Corporation (Stone or the
Company) issued a press release announcing (i)that the Company
received approval to list its new common stock on the New York
Stock Exchange (the NYSE), and (ii)the post-emergence exchange
ratios for common stock and warrants to be issued in connection
with the Companys anticipated emergence from chapter 11
reorganization in accordance with the Companys Second Amended
Joint Prepackaged Plan of Reorganization of Stone Energy
Corporation and its Debtor Affiliates, dated December28, 2016
(the Plan) that was confirmed on February15, 2017 by the United
States Court for the Southern District of Texas, Houston
Division. A copy of the press release is furnished as
Exhibit99.1.
The information included in this Current Report on Form 8-K under
Item 7.01 and Exhibit 99.1 attached hereto is being furnished and
shall not be deemed filed for purposes of Section18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or otherwise subject to liabilities of that Section, unless the
registrant specifically states that the information is to be
considered filed under the Exchange Act or incorporates it by
reference into a filing under the Exchange Act or the Securities
Act of 1933, as amended.
Item9.01. Financial Statements and Exhibits.
(d) Exhibits:
| 99.1 |
Press release dated February24, 2017, Stone Energy Corporation Announces Continued Listing of New Shares of Common Stock and Trading Under Ticker SGY Following Emergence from Chapter 11 Reorganization |
About STONE ENERGY CORPORATION (NYSE:SGY)
Stone Energy Corporation is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company operates in the Gulf of Mexico (GOM) basin. It has leveraged its operations in the GOM conventional shelf and has its reserve base in the prolific basins of the GOM deep water, Gulf Coast deep gas, and the Marcellus and Utica shales in Appalachia. Its estimated proved oil and natural gas reserves are over 60 million barrels of oil equivalents (MMBoe) or 340 billion cubic feet equivalent (Bcfe). Over 95 MMBoe or 570 Bcfe of its estimated proved reserves are revised downward. It has made investments in seismic data and leasehold interests, and has geological, geophysical, engineering and operational operations in deep water arena to evaluate potential exploration, development and acquisition opportunities. It holds over two deep water platforms, producing reserves and various leases. STONE ENERGY CORPORATION (NYSE:SGY) Recent Trading Information
STONE ENERGY CORPORATION (NYSE:SGY) closed its last trading session down -0.15 at 6.21 with 323,603 shares trading hands.
