Carrizo Announces Public Offering of Common Stock
HOUSTON, TX–(Marketwire – Dec 9, 2010) – Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) voiced currently that it has concluded to sell 3,500,000 shares of the usual batch in an underwritten open charity underneath an in effect shelf registration statement. The underwriter will have an choice to squeeze up to an one more 475,000 shares from Carrizo to cover any over-allotments. The Company intends to make make use of of the net deduction from the charity to pay off borrowings underneath the revolving credit facility. The Company expects to make make use of of the ensuing one more genius underneath the revolving credit trickery to fund, in part, the 2011 collateral output devise for growth of the Eagle Ford Shale fool around and Niobrara play, together with the further of one supply in the Eagle Ford, and for ubiquitous corporate purposes.
Credit Suisse Securities (USA) LLC is portion as solitary underwriter in the offering. Copies of the rough handbill for the charity might be performed from the offices of: Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, 1-800-221-1037.
This Press Release shall not consecrate an suggest to sell or the questionnaire of an suggest to buy nor shall there be any sale of these bonds in any state in that such offer, questionnaire or sale of these bonds would be wrong before to registration or gift underneath the bonds laws of any such state.
About Carrizo Oil & Gas, Inc.
Carrizo Oil & Gas, Inc. is a Houston-based appetite association actively intent in the exploration, development, exploitation, and prolongation of oil and healthy gas essentially in the Barnett Shale in North Texas, the Marcellus Shale in Appalachia, the Eagle Ford Shale in South Texas, the Niobrara Formation in Colorado, and in proven onshore trends along the Texas and Louisiana Gulf Coast regions. Carrizo controls poignant impending acreage blocks and utilizes modernized training and execution record along with worldly 3-D seismic techniques to brand intensity oil and gas training opportunities and to optimize haven recovery.
Forward-Looking Statements
Statements in this headlines release, together with but not singular to those relating to the open charity and alternative statements that have been not chronological contribution have been forward-looking statements that have been formed on stream expectations. Although the Company believes that the expectations have been formed on in accord with assumptions, it can give no declaration that these expectations will infer correct. Important factors that could means tangible formula to talk about materially from those in the forward-looking statements embody formula of operations, marketplace conditions, collateral needs and uses and alternative risks and uncertainties that have been over the Company’s control, together with those described in the rough prospectus, the Company’s Form 10-K for the year finished Dec 31, 2009 and the alternative filings with the Securities and Exchange Commission. Any forward-looking matter speaks usually as of the date on that such matter is done and the Company undertakes no requisite to scold or refurbish forward-looking information.
