Benton Oil and Gas Company Extends Exchange Offer Consent Solicitation.Business Editors CARPINTERIA, Calif.--(BUSINESS WIRE)--June 26, 2001 Benton Oil and Gas Company (NYSE NYSE See: New York Stock Exchange :BNO BNO Beroepsorganisatie Nederlandse Ontwerpers BNO Boys' Night Out (band) BNO Boyz Nite Out BNO Big Night Out (band) BNO Bau- und Nutzungsordnung BNO Baksan Neutrino Observatory ) today announced it has extended the consent date and expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. with respect to its previously announced offer to exchange its units for any and all of its outstanding 11 5/8% senior notes due 2003 that are held by qualified institutional buyers In law, a Qualified Institutional Buyer is a purchaser of securities that is financially sophisticated and is legally recognized by security market regulators to need less protection from sellers than most members of the public. and institutional accredited investors. The Company also announced that it has extended the consent date with respect to its previously announced solicitation of consents from holders of its 9 3/8% senior notes due 2007 to amend the indenture governing those notes. The consent and expiration dates for the exchange offer and the consent date for the consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with have each been extended to 5:00 PM New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, July 17, 2001. All other terms of the exchange offer and the consent solicitation remain unchanged. This press release may contain "Forward-Looking Statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this release may constitute forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from the Company's expectations due to changes in operating performance, project schedules, oil and gas demands and prices, and other technical and economic factors. |
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