Continental Resources, Inc. Announces Closing Of 5% Senior Notes Exchange Offer

OKLAHOMA CITY, Aug. 15, 2012 /PRNewswire/ -- Continental Resources, Inc. (the "Company") (NYSE:CLR) announced today that it has completed its offer to exchange up to $800 million aggregate principal amount of its 5% Senior Notes due 2022 registered under the Securities Act of 1933, as amended (the "Exchange Notes"), for any and all of its outstanding 5% Senior Notes due 2022, which were issued in a private placement (the "Private Notes"), on March 8, 2012.

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The registered exchange offer, which expired at 5:00 p.m., New York City time, on August 14, 2012, fulfilled the Company's obligations regarding the registration of its outstanding Private Notes, which were issued on March 8, 2012. Pursuant to a registration rights agreement entered into by the Company in connection with the sale of the Private Notes, the Company agreed to file a registration statement with the Securities and Exchange Commission relating to the exchange offer and Exchange Notes.

The Company exchanged all of the Private Notes that were tendered by the holders of those notes for Exchange Notes.  The Exchange Notes contain substantially identical terms to the Private Notes.

Forward-Looking Statements

This press release includes forward-looking information that is subject to a number of risks and uncertainties, many of which are beyond the Company's control.  Other than historical facts included in this press release, all information regarding strategy, future operations, drilling plans, estimated reserves, future production, estimated capital expenditures, projected costs, the potential of drilling prospects and other plans and objectives of management are forward-looking information.  All forward-looking statements speak only as of the date of this press release.  Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved.  Actual results may differ materially from those anticipated due to many factors, including oil and natural gas prices, industry conditions, drilling results, uncertainties in estimating reserves, uncertainties in estimating future production from enhanced recovery operations, availability of drilling rigs and other services, availability of crude oil and natural gas transportation capacity, availability of capital resources and other factors listed in reports we have filed or may file with the Securities and Exchange Commission.  The Company undertakes no obligation to publicly update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.

SOURCE Continental Resources

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