OKLAHOMA CITY, June 29, 2020 /PRNewswire/ -- Continental
Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today
announced that its Founder and Executive Chairman, Harold Hamm, purchased 4,736,264 shares of
Continental common stock on the open market from June 22, 2020 to June 25,
2020, at market prices. This brings Mr. Hamm's total
holdings, as of June 25, 2020, to
289,659,385 shares, or approximately 79.3% of the Company's total
common shares outstanding at April 30,
2020.
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In addition, Mr. Hamm entered into a 10b5-1 plan pursuant to
Rule 10b5-1 under the Securities Exchange Act of 1934, as amended
("Rule 10b5-1"). It is Mr. Hamm's intention to acquire shares of
the Company's common stock consistent with certain timing, volume
and price limitations. The 10b5-1 trading plan was entered into on
June 25, 2020.
"I firmly believe Continental's current share price reflects an
uncommon value as the global pandemic has negatively impacted
worldwide crude oil demand. Recent purchases underscore my
confidence in the Company's continued operational excellence and
strong financial performance. Continental is poised to deliver
significant shareholder value for many years to come and I believe
there is no management team more aligned with shareholders than
Continental," said Harold Hamm,
Executive Chairman.
About Continental Resources
Continental Resources (NYSE: CLR) is a top 10 independent oil
producer in the U.S. and a leader in America's energy renaissance.
Based in Oklahoma City,
Continental is the largest leaseholder and the largest producer in
the nation's premier oil field, the Bakken play of North Dakota and Montana. The Company also has significant
positions in Oklahoma, including
its SCOOP Woodford and SCOOP Springer discoveries and the STACK
plays. With a focus on the exploration and production of oil,
Continental has unlocked the technology and resources vital to
American energy independence and our nation's leadership in the new
world oil market. In 2020, the Company will celebrate 53 years of
operations. For more information, please visit
www.CLR.com.
Investor
Contact:
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Media
Contact:
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Rory Sabino
|
Kristin
Thomas
|
Vice President,
Investor
Relations
|
Senior Vice
President, Public Relations
|
405-234-9620
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405-234-9480
|
Rory.Sabino@CLR.com
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Kristin.Thomas@CLR.com
|
|
|
Lucy
Guttenberger
|
|
Investor Relations
Analyst
|
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405-774-5878
|
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Lucy.Guttenberger@CLR.com
|
|
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SOURCE Continental Resources