SandRidge Permian Trust Announces Proposed Sale of Permian Assets by SandRidge Energy Not Expected to Affect SandRidge Permia...
November 13 2012 - 4:05PM
Business Wire
SANDRIDGE PERMIAN TRUST (NYSE: PER) announced today that the
sponsor of SandRidge Permian Trust, SandRidge Energy, Inc., has
announced that it is exploring the sale of its Permian Basin
assets, excluding those associated with the trust. SandRidge Energy
has informed the Trustee that SandRidge Energy will retain all
operations within the trust’s area of mutual interest and intends
to meet its drilling obligation, and that any sale of SandRidge
Energy’s Permian assets is not expected to have any impact on the
operations and underlying assets of SandRidge Permian Trust.
This press release contains statements that are “forward-looking
statements” within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended. All statements
contained in this press release, other than statements of
historical facts, are “forward-looking statements” for purposes of
these provisions. These forward-looking statements include the
statements regarding any future actions by SandRidge Energy.
Statements made in this press release are qualified by the
cautionary statements made in this press release. Neither SandRidge
nor the Trustee intends, and neither assumes any obligation, to
update any of the statements included in this press release. An
investment in Common Units issued by SandRidge Permian Trust is
subject to the risks described in the Trust’s Annual Report on Form
10-K for the year ended December 31, 2011, and all of its
other filings with the SEC. The Trust’s quarterly and other filed
reports are or will be available over the Internet at the SEC’s web
site at http://www.sec.gov.
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