Energy & Exploration Partners, Inc. Announces Initial Public
Offering of Common Stock
FORT WORTH, Texas, Oct. 25, 2012 /PRNewswire/ -- Energy &
Exploration Partners, Inc. ("ENXP") announced today that it has
commenced an initial public offering of 15,765,864 shares of its
common stock, at an anticipated initial public offering price
between $14 and $16 per share. ENXP
is selling 15,000,000 shares of common stock in the offering, and
the selling stockholders named in the registration statement are
selling 765,864 shares of common stock in the offering. In
addition, the underwriters will be granted a 30-day option to
purchase from ENXP up to an additional 2,364,880 shares of common
stock, at the same price per share, to cover over-allotments, if
any. The common stock will be listed on the New York Stock Exchange
and traded under the symbol "ENXP."
(Logo:
http://photos.prnewswire.com/prnh/20121025/LA00256LOGO)
ENXP intends to use the net proceeds it receives from the
offering to fund acquisitions of additional oil and gas leases and
to fund a portion of its 2012 and 2013 capital expenditure budget.
ENXP will not receive any proceeds from the sale of shares by the
selling stockholders.
Canaccord Genuity Inc. and Johnson
Rice & Company L.L.C. are acting as joint book-running
managers. Global Hunter Securities LLC, Stephens Inc., Capital One
Southcoast, Inc., Macquarie Capital (USA) Inc., Wunderlich Securities, Inc., Knight
Capital Americas LLC, C.K. Cooper
& Company, Inc. and Guggenheim Securities, LLC are serving as
co-managers. The offering of common stock will be made only by
means of a prospectus. A written preliminary prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended, may be obtained from the offices of:
Canaccord Genuity Inc.
Attn: Jennifer Pardi
99 High Street, Suite 1200
Boston, Massachusetts 02110
Email: jpardi@canaccordgenuity.com
Telephone: (617) 371-3900
Johnson Rice & Company
L.L.C.
Attn: Corporate Finance Department
639 Loyola Avenue, Suite 2775
New Orleans, Louisiana 70113
Email: liz@jrco.com
Telephone: (504) 584-1231
A registration statement relating to these securities has
been filed with the Securities and Exchange Commission but has not
yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective. The registration statement is
available on the SEC's website at http://www.sec.gov/ under
"Energy & Exploration Partners, Inc." This press release shall
not constitute an offer to sell or a solicitation of an offer to
buy any securities, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or
jurisdiction.
This press release contains forward-looking statements within
the meaning of the federal securities laws. These forward-looking
statements involve certain risks and uncertainties, including,
among others, risks impacting the ability of ENXP to complete any
public offering of its securities because of general market
conditions or other factors. ENXP undertakes no obligation to
publicly update or revise any forward-looking statement.
About ENXP
ENXP is an independent exploration and production company
focused on acquisition, exploration, development and exploitation
of unconventional oil and natural gas resources in North America and primarily in the Eagle Ford
Shale and Woodbine Sandstone formations in East Texas, the Wolfcamp play in the Permian
Basin in West Texas, and the
Niobrara Shale in the Denver-Julesburg Basin in Colorado and Wyoming.
Contact:
Energy & Exploration Partners, Inc.
Brian C. Nelson
Executive Vice President and Chief Financial Officer
(817) 484-4733
SOURCE Energy & Exploration Partners, Inc.