OKLAHOMA CITY, Jan. 9, 2018 /PRNewswire/ -- SandRidge
Energy, Inc. ("SandRidge" or the "Company") (NYSE: SD) today
commented on the open letter that was received from Carl Icahn this morning:
The SandRidge Board of Directors and management team value
constructive shareholder dialogue and are engaged in ongoing
discussions with shareholders, including Mr. Icahn. In this
regard, SandRidge's independent board members are scheduled to meet
with several major shareholders next week, including Mr. Icahn.
As we have already confirmed in writing to Mr. Icahn on two
separate occasions, both publicly in our Form 8-K filed on
December 11, 2017 and privately in a
letter to his counsel dated December 12,
2017, the short-term rights plan does not prevent
shareholders from speaking with each other as long as they do not
form a group and comply with federal securities laws.
About SandRidge Energy, Inc.
SandRidge Energy, Inc.
(NYSE: SD) is an oil and natural gas exploration and production
company headquartered in Oklahoma City,
Oklahoma with its current principal focus on developing
high-return, growth-oriented projects in the U.S. Mid-Continent and
Niobrara Shale.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains certain
"forward-looking statements" under applicable securities laws,
including the Private Securities Litigation Reform Act of 1995.
These statements are typically identified by words or phrases such
as "may," "will," "could," "should," "predict," "potential,"
"pursue," "outlook," "continue," "anticipate," "estimate,"
"expect," "project," "intend," "plan," "believe," "target,"
"forecast," and other words and terms of similar meaning. For
example, statements regarding the Company's plans to meet with
major shareholders, respond to Mr. Icahn's proposal and take any
other actions related thereto are forward-looking statements. These
forward-looking statements are subject to numerous risks,
uncertainties and other factors, which could cause results,
effects, actions and timing to differ materially from those
predicted or implied by the statements. Readers are cautioned
not to place undue reliance on any of these forward-looking
statements. Each forward-looking statement speaks only as of the
date of the particular statement, and SandRidge undertakes no
obligation to publicly update any of these forward-looking
statements to reflect events or circumstances that may arise after
the date hereof.
Investor Contact:
Justin M.
Lewellen
Director of Investor Relations
SandRidge Energy, Inc.
123 Robert S. Kerr Avenue
Oklahoma City, OK 73102
+1 (405) 429-5515
David A Kimmel
Director of Communications
SandRidge Energy, Inc.
123 Robert S. Kerr Ave.
Oklahoma City, OK 73102
+1 (405) 429-5599
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SOURCE SandRidge Energy, Inc.