HOUSTON, April 21, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company") today announced that it has elected to exercise its right to a grace period with respect to a $15.313 million interest payment under its Second Lien Credit Agreement. The interest payment is due April 21, 2015; however, such grace period permits the Company 30 days to make the interest payment before an event of default [...]
HOUSTON, March 31, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation ("Sabine" or the "Company") (OTCQB:SOGC) today reported its fourth quarter and full year 2014 financial and operating results. (Logo: http://photos.prnewswire.com/prnh/20130325/MM83201LOGO) Key 2014 Results and Events: Closed the business combination of Sabine Oil & Gas LLC and Forest Oil Corp. on December 16, 2014. The results presented in this press [...]
HOUSTON, March 16, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation (OTCQB:SOGC) ("Sabine") announced today that it will not timely file its Annual Report on Form 10-K, but expects to file by March 31, 2015. Sabine does not intend to host a conference call in connection with the release of its fourth quarter and full year 2014 financial and operating results. Logo [...]
HOUSTON, Jan. 13, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation ("Sabine") announced today that the OTCQB ticker symbol for common stock of Sabine has been changed from "FSTO" to "SOGC", effective at the open of market trading today, January 13, 2015. In addition, the name change from Forest Oil Corp. to Sabine was completed and effective December 19, 2014. No action is required by shareholders as a result of these [...]
Forest Oil Corp. (OTCQB:FSTO) (which is in the process of changing its name to Sabine Oil & Gas Corporation) announced today that following its recently completed business combination with Sabine Oil & Gas, the common stock of the combined entity will begin trading on the OTCQB marketplace at the open of the market today, December 17, 2014. As previously disclosed, Forest Oil was delisted from the New York Stock Exchange [...]
Forest Oil today announced that its shareholders have approved, by majority vote of the outstanding shares of Forest, all of the proposals that were presented with respect to the previously announced business combination transaction with Sabine Oil & Gas LLC at the Company’s special meeting of shareholders held today. Forest will file the voting results for each of the proposals with the SEC within four business days [...]
Forest Oil today announced that it has entered into a definitive agreement to sell its natural gas properties located in the Arkoma Basin for after-tax cash proceeds of approximately $185 million. The transaction is expected to close on or before December 15, 2014, with an economic effective date of October 1, 2014, and is subject to customary closing conditions and post-closing purchase price adjustments. The properties [...]
Forest Oil and Sabine Oil & Gas announced today that the proposed business combination transaction between Forest and Sabine continues to progress. Forest has set the date for the special meeting of its shareholders to consider and vote on, among other items, the combination between Forest and Sabine as November 20, 2014, pending completion of the SEC’s proxy statement review. Forest shareholders of record as of the close [...]
HOUSTON, June 17, 2014 /PRNewswire/ -- Sabine Oil & Gas LLC ("Sabine") today provided an update on financing arrangements in relation to the proposed business combination transaction with Forest Oil Corp. ("Forest")(NYSE: FST) announced on May 6, 2014. David Sambrooks, Sabine's Chief Executive Officer, stated, "There was a report yesterday that the $850 million bridge financing facility was pulled - this is incorrect [...]
Sabine Oil & Gas and Forest Oil, today announced the signing of a definitive merger agreement under which Sabine and Forest will combine their businesses in an all-stock transaction. Sabine and Forest’s highly complementary asset portfolios will create one of the industry’s largest East Texas players, benefiting from drilling program optimization and economies of scale. The combination is also strengthened by a sizable [...]