Riata Energy, Inc. Announces an Amendment to Its Registration Rights Agreement and the Relocation of Its Corporate Headquarters
2006年6月22日 - 9:28AM
PRニュース・ワイアー (英語)
OKLAHOMA CITY, June 21 /PRNewswire/ -- Riata Energy, Inc. today
announces that a majority of the holders of common stock purchased
in its December 2005 private placement approved an amendment to the
Company's Registration Rights Agreement to allow the Company to
delay the registration of the shares sold in its December private
placement until April 15, 2007 without incurring penalty payments
under the agreement. This amendment will provide the Company
additional time to relocate its corporate headquarters to Oklahoma
City, as discussed below, and continue the integration of the new
members of its management team and the execution of its business
plan before becoming a public company. In addition, the Company
announces the relocation of its corporate headquarters from
Amarillo, Texas to Oklahoma City at 1601 Northwest Expressway. The
Company has already begun relocating and expects to complete the
relocation by late August. Riata Energy is an oil and natural gas
Company with its principal focus on exploration and production. The
Company also owns and operates drilling rigs and a related oil
field services business operating under the Lariat Services Inc.
brand name; gas gathering, marketing and processing facilities;
and, through its subsidiary PetroSource Energy Company, CO2
treating and transportation facilities and tertiary oil recovery
operations. The Company has focused its exploration and production
activities in West Texas where it has concentrated a large, focused
acreage position, and more recently, it has expanded its operations
into the Piceance Basin in northwestern Colorado. For further
information, please contact: John Gaines (806) 376-7904 ext 195
email: DATASOURCE: Riata Energy, Inc. CONTACT: John Gaines of Riata
Energy, Inc., +1-806-376-7904, ext. 195, or Web site:
http://www.riataenergy.net/
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