DENVER, April 21, 2021 /CNW Telbec/ - Whiting
Petroleum Corporation (NYSE: WLL) ("Whiting" or
the "Company") today announced that it has applied to
the British Columbia Securities Commission
(the "BCSC"), as principal regulator, and the Alberta
Securities Commission, in accordance with the requirements of
Multilateral Instrument 11-102 – Passport System, for an
order (the "Order Sought") to cease to be a reporting issuer
in the Provinces of British
Columbia and Alberta.
Whiting is not a reporting issuer in any other Canadian
jurisdiction.
If the Order Sought is granted by the BCSC, Whiting will cease
to be a reporting issuer in any jurisdiction in Canada and will no longer be required to file
financial statements and other continuous disclosure documents with
the Canadian securities regulatory authorities.
Notwithstanding a decision that Whiting is not a reporting
issuer in Canada, Whiting will
continue to file all financial statements and other continuous
disclosure materials required to be filed by it in accordance with
the applicable securities laws of the
United States and the rules of the United States Securities
and Exchange Commission (the "SEC") and of the New York
Stock Exchange (the "NYSE"). All such continuous disclosure
documents of Whiting are publicly available to all security holders
of Whiting under Whiting's profile at www.sec.gov and Whiting's
security holders resident in Canada will continue to receive copies of the
continuous disclosure documents that are required to be delivered
to security holders in the United
States, in the same manner and at the same time as is
required under the applicable securities laws of the United States and the rules of the SEC and
the NYSE.
About Whiting Petroleum Corporation
Whiting, a Delaware
corporation, is an independent oil and gas company engaged in the
development, production and acquisition of crude oil, NGLs and
natural gas properties primarily in the Rocky Mountains region of
the United States. The Company's largest projects are in the
Bakken and Three Forks plays in
North Dakota and Montana and the Niobrara play in northeast
Colorado. The Company trades
publicly under the symbol WLL on the NYSE.
Forward-looking statements
This news release contains statements that may be considered to
be "forward-looking statements" or "forward looking information"
within the meaning of Canadian securities laws. All
statements other than historical facts are forward-looking
statements. When used in this news release, words such as we
"expect," "intend," "plan," "estimate," "anticipate," "believe" or
"should" or the negative thereof or variations thereon or similar
terminology are generally intended to identify forward-looking
statements. Such forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in, or implied by, such
statements. These risks and uncertainties include those
described under the caption "Risk Factors" in Item 1A of Whiting's
Annual Report on Form 10-K for the period ended December 31, 2020 which is available on SEDAR
under the Company's profile at www.sedar.com, as well as under the
Company's profile at www.sec.gov. The Company assumes no
obligation, and disclaims any duty, to update the forward-looking
statements in this news release.
SOURCE Whiting Petroleum Corporation