Home > Boards > US Listed > Oil/Gas/Natural Energy Production > Goodrich Petroleum Corp. (GDP)

Goodrich Petroleum Corporation Announces Private Placement Of $25

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Stockminder Member Profile
 
Followed By 11
Posts 918
Boards Moderated 1
Alias Born 09/05/07
160x600 placeholder
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/14/2020 5:40:58 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/14/2020 4:13:43 PM
Goodrich Petroleum Announces Conference Call to Discuss Fourth Quarter and Year-End 2019 Financial Results and Operational Up... PR Newswire (US) - 2/13/2020 4:05:00 PM
Goodrich Petroleum To Participate At Upcoming Events PR Newswire (US) - 2/4/2020 4:30:00 PM
Annual Statement of Changes in Beneficial Ownership (5) Edgar (US Regulatory) - 1/31/2020 4:39:47 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 1/31/2020 10:23:59 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 1/17/2020 12:50:28 PM
Amended Statement of Changes in Beneficial Ownership (4/a) Edgar (US Regulatory) - 12/31/2019 4:12:05 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/18/2019 4:51:36 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/18/2019 4:50:45 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/18/2019 4:49:34 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/18/2019 4:48:27 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/18/2019 4:47:57 PM
Goodrich Petroleum Announces Capital Expenditure Budget And 2020 Guidance PR Newswire (US) - 12/18/2019 7:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/12/2019 5:15:24 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/12/2019 5:09:30 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/12/2019 5:08:42 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/12/2019 5:07:46 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/12/2019 5:06:41 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/12/2019 5:05:54 PM
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 12/12/2019 4:46:48 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/11/2019 6:09:18 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/11/2019 6:08:22 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/11/2019 6:07:32 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 12/11/2019 6:06:57 PM
Stockminder   Wednesday, 12/21/16 03:43:20 PM
Re: None
Post # of 29 
Goodrich Petroleum Corporation Announces Private Placement Of $25 Million Of Common Stock

Dec 20, 2016

HOUSTON, Dec. 20, 2016 /PRNewswire/ -- Goodrich Petroleum Corporation (OTCQX: GDPP) ("Goodrich Petroleum" or the "Company") today announced it has entered into a private placement for shares of its common stock.

On December 19, 2016, the Company entered into an agreement to sell 2,272,727 shares of its common stock at $11.00 per share in a private placement, which, subject to delivery of certain closing documentation, is expected to result in approximately $25 million of gross proceeds and $23.50 million of net proceeds (after deducting placement agent commissions and the Company's estimated expenses). The shares were sold to selected institutional and accredited investors. Pro forma for the offering, the Company currently has in excess of $40 million of cash, $16.65 million of first lien debt and $40 million of second lien payment in kind debt.

The Company expects to use the net proceeds from the offering to fund the Company's 2017 Haynesville Shale development drilling program and for general corporate purposes, including working capital.

Johnson Rice & Company, L.L.C. acted as placement agent for the offering. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Goodrich Petroleum Corporation

Goodrich Petroleum is an independent oil and gas exploration and production company headquartered in Houston, Texas, with assets in the Haynesville Shale, Eagle Ford Shale and Tuscaloosa Marine Shale. For more information, visit the Company's website at www.goodrichpetroleum.com.

The only breaks you get in life...are those you give yourself!!!
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist