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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Jun. 26, 9:36 AM

Slide #16. Earthstone Energy, Inc. Secondary Offering

Company: Earthstone Energy, Inc. (AMEX:ESTE)
Date announced: 6/15/2016
Shares Offered: 4,500,000
Date of Pricing: 6/16/2016
Price Per Share: $10.50
Secondary Offering Details: Earthstone Energy, Inc. (NYSE MKT: ESTE) announced today that it intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 6/16- Earthstone Energy, Inc. (NYSE MKT: ESTE) announced today that it has priced an underwritten public offering of 4,500,000 shares of its common stock to the public at $10.50 per share. The Company expects to close the sale of the shares of common stock on June 21, 2016, subject to customary closing conditions. Net proceeds to the Company from the sale of 4,500,000 shares, are expected to be approximately $44.7 million, after deducting underwriting discounts, commissions and estimated offering expenses. The Company has also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock from the Company at the offering price (less the underwriting discounts and commissions).

Earthstone Energy is an independent oil and gas exploration and production company engaged in the acquisition, development, exploration and production of onshore, unconventional reserves, with a focus on the Eagle Ford trend of South Texas and in the Williston Basin of North Dakota and Montana. Co. also has wells in East Texas, South Texas, Louisiana and Oklahoma. As of Dec 31 2014, Co.'s total proved reserves consisted of 13.8 million barrels of oil, 38.58 billion cubic feet of natural gas, and 2.0 million barrels of natural gas liquids.

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Company Name:  Earthstone Energy Inc.
Website:  www.earthstoneenergy.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding ESTE:  9
Total Market Value Held by ETFs:  $379743
Total Market Capitalization:  $145.00M
% of Market Cap. Held by ETFs:  0.26%
 

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June 26, 2016    9:36 AM Eastern
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