A copy of the press release is attached hereto as Exhibit Also included in this filing as Exhibit This report shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
The assets subject to the Pending Acquisition include 46, net surface acres, with multiple producing zones including the Woodford and Springer formations, in Grady, Stephens and Garvin Counties, Oklahoma.
The Purchase Agreement is filed as Exhibit 2. Other Events. Four rigs are currently operating on the acreage.
Included in this filing as Exhibit The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. Gulfpirt copy of this press release is attached hereto as Exhibit The Pending Acquisition also includes 48 producing horizontal wells and an additional heee in over non-operated horizontal wells.
Financial Statements and Exhibits. The Pending Acquisition is expected to close in February The Notes will be offered to qualified institutional buyers pursuant to Rule A under the Securities Act, and to certain non-U. gullfport
Pursuant to the Purchase Agreement, Gulfport intends to issue approximately The properties subject to the Pending Acquisition are located primarily in the over-pressured liquids-rich to dry gas windows of the play and include approximately Mmcfepd of net production for October based on information provided by the Seller. The closing of the Pending Acquisition is subject to completion of due diligence and the satisfaction or waiver of the closing conditions set forth in the Purchase Agreement.
The Equity Offering may only be made by means of a prospectus supplement and related 88 prospectus.
In connection with the closing of the Pending Acquisition, Gulfport will enter into a registration rights agreement with the Seller, providing for certain demand and piggyback registration rights with respect to the shares to be issued to Vitruvian in the Pending Acquisition. The preceding summary of the Seventh Amendment is qualified in its entirety by reference to the full text of such agreement, a copy of which is msaculine as Exhibit This report is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any lookig in which such offer, solicitation or sale is unlawful.