APA CORPORATION ANNOUNCES TIMELINE FOR CLOSING OF CALLON PETROLEUM COMPANY
TRANSACTION; ISSUES INVESTOR SLIDE DECK HIGHLIGHTING TOP-TIER PERMIAN PERFORMANCE
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About APA
APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that
explore for oil and natural gas offshore Suriname. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.
Forward-Looking Statements
This news release contains
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as anticipates,
intends, plans, seeks, believes, continues, could, estimates, expects, goals, guidance, may, might,
outlook, possibly, potential, projects, prospects, should, will, would, and similar references to future periods, but the absence of these words does not
mean that a statement is not forward-looking. These statements include, but are not limited to, statements about the closing of the proposed acquisition of Callon and the expected benefits of such transaction. While forward-looking statements are
based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause
our actual results, performance, and financial condition to differ materially from our expectations, including the following: uncertainties as to whether the potential transaction will be consummated on the expected time period or at all, or if
consummated, will achieve its anticipated benefits and projected synergies within the expected time period or at all; APAs ability to integrate Callons operations in a successful manner and in the expected time period; the occurrence of
any event, change, or other circumstance that could give rise to the termination of the transaction; risks that the anticipated tax treatment of the potential transaction is not obtained; unforeseen or unknown liabilities; customer, shareholder,
regulatory, and other stakeholder approvals and support; unexpected future capital expenditures; potential litigation relating to the potential transaction that could be instituted against APA and Callon or their respective directors; the
possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the effect of the announcement, pendency, or completion of the potential