STONE ENERGY CORPORATION (NYSE:SGY) Files An 8-K Regulation FD Disclosure
Item7.01
| Regulation FD Disclosure. |
On the Effective Date, the Company issued a press release
announcing its emergence from bankruptcy. A copy of this press
release is included herein as Exhibit 99.2.
The information included in this Report under Item 7.01 and
Exhibit 99.2 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.
| Item8.01 | Other Events. |
On February23, 2017, to the terms of the Plan, the New York Stock
Exchange (the NYSE) approved the
listing of shares of common stock of the Company, par value $0.01
(the New Common Stock), for trading on
the NYSE. On the Effective Date, to the terms of the Plan, the
Company registered the New Common Stock under Section12(b) of the
Exchange Act. Trading in the New Common Stock is expected to
commence on the NYSE on March1, 2017.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
|
Exhibit No. |
Description |
|
| 2.1 |
Second Amended Joint Prepackaged Plan of Reorganization of Stone Energy Corporation and its Debtor Affiliates, dated December 28, 2016 (incorporated by reference to Exhibit A to the Confirmation Order attached as Exhibit 99.1 hereto). |
|
| 99.1 |
Order Confirming the Second Amended Joint Prepackaged Plan of Reorganization of Stone Energy Corporation and its Debtor Affiliates, as entered by the Bankruptcy Court on February 15, 2017 (incorporated by reference to Exhibit 99.1 of the Companys Current Report on Form 8-K filed on February 15, 2017). |
|
| 99.2* |
Press release issued by Stone Energy Corporation dated as of February28, 2017. |
| * | Filed herewith. |
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 up +0.37 at 6.95 with 965,775 shares trading hands.
