HOUSTON, April 27, 2017 /PRNewswire/ -- Ultra Petroleum
Corp. (NASDAQ: UPL) announced today that, on April 26, 2017, it filed a shelf registration
statement with the Securities and Exchange Commission with respect
to possible secondary sales of the company's common stock by the
selling shareholders named in the shelf registration statement.
Ultra Petroleum is not selling any of its common stock and will
not receive any proceeds from the offer and sale of any of the
common stock registered under the shelf registration statement.
The shelf registration statement was filed to satisfy the
company's obligations under the company's registration rights
agreement entered into on April 12,
2017 with the selling shareholders in connection with our
emergence from chapter 11 on that date.
A registration statement related to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sales of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state. Once available, a written
prospectus may be obtained from Ultra Petroleum Corp. at 400 North
Sam Houston Parkway East, Suite 1200, Houston, Texas 77060, Attention – Investor
Relations and External Reporting.
About Ultra Petroleum
Ultra Petroleum Corp. is an independent energy company engaged
in domestic natural gas and oil exploration, development and
production. Additional information on the company is available at
www.ultrapetroleum.com.
Statements made in this press release that are not historical
facts are "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. These
statements are based on certain assumptions and expectations made
by the Company which reflect management's experience, estimates and
perception of historical trends, current conditions, and
anticipated future developments. 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. Such statements are
subject to a number of assumptions, risks and uncertainties, many
of which are beyond the control of the Company, and which may cause
the Company's actual results to differ materially from those
implied or anticipated in the forward-looking statements. These
include risks relating to financial performance and results,
ability to improve its financial results and profitability
following emergence from bankruptcy, availability of sufficient
cash flow to execute its business plan, declining commodity prices
and demand for oil, natural gas and natural gas liquids, the
Company's ability to hedge future production at suitable prices and
volumes, the Company's ability to replace reserves and efficiently
develop its current reserves, the regulatory environment and other
important factors that could cause actual results to differ
materially from those anticipated or implied in the forward-looking
statements. These and other important factors could cause actual
results to differ materially from those anticipated or implied in
the forward-looking statements. Please read "Risk Factors" in the
Company's Annual Reports on Form 10-K, Quarterly Reports on Form
10-Q and other public filings. The Company undertakes no obligation
to publicly update any forward-looking statements, whether as a
result of new information or future events.
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SOURCE Ultra Petroleum Corp.