LAFAYETTE, La., March 9, 2017 /PRNewswire/ -- Stone Energy
Corporation (NYSE: SGY) ("Stone" or the "Company") today announced
that the Company received approval to list its warrants with the
CUSIP number 861642 114 (the "Warrants") on the NYSE MKT under the
ticker symbol "SGYWS", with trading expected to commence on
March 10, 2017.
As previously disclosed, the Warrants were issued to holders of
Stone's pre-emergence common stock upon the Company's emergence
from chapter 11 reorganization in accordance with the Company's
Second Amended Joint Prepackaged Plan of Reorganization of Stone
Energy Corporation and its Debtor Affiliates, dated December 28, 2016, that was confirmed on
February 15, 2017 by the United States Court for the Southern
District of Texas. The Warrants have an exercise price of
$42.04 per share, as the same may be
adjusted pursuant to the terms of the Warrants, and a term of four
years, unless terminated earlier by their terms upon the
consummation of certain business combinations or sale transactions
involving the Company.
Stone Energy is an independent oil and natural gas
exploration and production company headquartered in Lafayette, Louisiana with additional offices
in New Orleans, Houston and Morgantown, West Virginia. Stone is engaged in
the acquisition, exploration, development and production of
properties in the Gulf of Mexico
basin.
Contact:
Jennifer E. Mercer
Epiq Strategic Communications for Stone Energy
310-712-6215
jmercer@epiqsystems.com
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SOURCE Stone Energy Corporation