Ultra Petroleum Announces Dismissal of Litigation
July 06 2017 - 11:31AM
Ultra Petroleum Corp. (the "Company") (NASDAQ:UPL) confirms that it
has entered into a mutual stipulation and settlement agreement with
Cross Sound Management, fully resolving the ongoing litigation
between the parties. As a result of this settlement, the last
remaining objection to the implementation of the Company's Plan of
Reorganization has been resolved.
About Ultra Petroleum
Ultra Petroleum Corp. is an independent energy
company engaged in domestic natural gas and oil exploration,
development and production. The company is listed on NASDAQ and
trades under the ticker symbol “UPL”. Additional information on the
company is available at www.ultrapetroleum.com.
This news release includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. The opinions, forecasts, projections or other
statements, other than statements of historical fact, are
forward-looking statements. Although the company believes that the
expectations reflected in such forward-looking statements are
reasonable, the company can give no assurance that such
expectations will prove to have been correct. Certain risks and
uncertainties inherent in the company’s business are set forth in
its filings with the SEC, particularly in the section entitled
“Risk Factors” included in its Annual Report on Form 10-K for the
most recent fiscal year, its Quarterly Reports on Form 10-Q for the
quarter ended March 31, 2017, and from time to time in other
filings made by the company with the SEC. Risks and uncertainties
related to operating the company’s business include, but are not
limited to, increased competition, the timing and extent of changes
in prices for oil and gas, particularly in Wyoming and
Pennsylvania, the timing and extent of the company’s success in
discovering, developing, producing and estimating reserves, the
effects of weather and government regulation, availability of oil
field personnel, services, drilling rigs and other equipment, as
well as other factors listed in the reports filed by the company
with the SEC. Full details regarding the selected
financial information provided above will be available in the
company’s report on Form 10-Q for the quarter ended March 31,
2017.
For further information contact:
Sandi Kraemer
Director, Investor Relations
Phone: 281-582-6613
Email: skraemer@ultrapetroleum.com
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