Common Stock of Newly Combined Sabine Oil & Gas & Forest Oil to Trade on the OTCQB Market Under the New Trading Symbol “FST...
December 17 2014 - 9:43AM
Business Wire
Forest Oil Corporation (OTCQB:FSTO) (which is in the process of
changing its name to Sabine Oil & Gas Corporation) announced
today that following its recently completed business combination
with Sabine Oil & Gas, the common stock of the combined entity
will begin trading on the OTCQB marketplace at the open of the
market today, December 17, 2014. As previously disclosed, Forest
Oil was delisted from the New York Stock Exchange (the “NYSE”) on
December 16, 2014 following completion of the business
combination.
Investors will be able to view the RealTime Level II stock
quote, which provides detailed information by market maker, for the
combined company at http://www.otcmarkets.com, under the ticker
symbol “FSTO”.
The move from the NYSE to OTCQB Marketplace does not change SEC
reporting obligations under applicable securities laws.
Accordingly, the combined company will continue to file, among
others, Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K
and Current Reports on Form 8-K.
As previously disclosed, the company remains committed to
listing its common stock on an active exchange and expects to seek
relisting on an exchange as soon as it meets applicable listing
requirements.
Forest Oil, which is in the process of changing its name to
Sabine Oil & Gas Corporation, is an independent energy company
engaged in the acquisition, production, exploration and development
of onshore oil and natural gas properties in the United States.
Forest Oil’s current operations are principally located in the
Cotton Valley Sand and Haynesville Shale in East Texas, the Eagle
Ford Shale in South Texas, the Granite Wash in the Texas Panhandle
and the North Louisiana Haynesville. For more information, please
visit www.sabineoil.com and www.forestoil.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements concerning the
proposed transactions, its financial and business impact,
management’s beliefs and objectives with respect thereto, and
management’s current expectations for future operating and
financial performance, based on assumptions currently believed to
be valid. Forward-looking statements are all statements other than
statements of historical facts. The words “anticipates,” “may,”
“can,” “plans,” “believes,” “estimates,” “expects,” “projects,”
“intends,” “likely,” “will,” “should,” “to be,” and any similar
expressions or other words of similar meaning are intended to
identify those assertions as forward-looking statements. It is
uncertain whether the events anticipated will transpire, or if they
do occur what impact they will have on the results of operations
and financial condition of the combined company. These
forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from those anticipated, including but not limited to the ability of
the two companies to integrate their operations to implement the
anticipated business plans and achieve the anticipated benefits and
savings of the combination, and the ability to realize
opportunities for growth. Other important economic, political,
regulatory, legal, technological, competitive and other
uncertainties are identified in the documents filed with the SEC by
Forest Oil Corporation from time to time, including its Annual
Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current
Reports on Form 8-K, including amendments to the foregoing. The
forward-looking statements included in this document are made only
as of the date hereof. Forest Oil Corporation does not undertake
any obligation to update the forward-looking statements included in
this document to reflect subsequent events or circumstances.
Investor and media contacts:Sabine Oil & GasInvestor
Relations, 832-242-9600orBrunswick GroupAsh Spiegelberg,
214-254-3790