STONE ENERGY CORPORATION (NYSE:SGY) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
Board of Directors has retained Petrie Partners LLC to assist the
Board in its determination of the Company’s strategic direction,
including assessing its various strategic alternatives. The press
release is furnished as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated by reference into this Item 7.01.
information in this report, including Exhibit 99.1, shall not be
deemed filed for the purposes of Section 18 of the Securities
Exchange Act of 1934 (the Exchange Act), or otherwise subject to
the liabilities of that section, nor shall such information,
including Exhibit 99.1, be deemed incorporated by reference in any
filing under the Securities Act of 1933 or the Exchange Act, except
as shall be expressly set forth by specific reference in such
filing.
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99.1
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Press release dated April 11, 2017, Stone Energy
Corporation Retains Petrie Partners to Assist with Assessment of Strategic Direction |
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 -0.42 at 21.32 with 200,606 shares trading hands.
