Company Announces Expiration Date Extension.Business Editors DALLAS--(BUSINESS WIRE)--Oct. 2, 2000 DevX Energy, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :QSRI), formerly known as Queen Sand Resources, Inc., announces that it has extended the Expiration Date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. of its offer, dated September 1, 2000, to purchase $75 million principal amount of its 12 1/2% Senior Notes due 2008. The Expiration Date has been extended to 5:00 p.m. 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 on October 3, 2000. As of the close of business on September 29, 2000, the holders of $104.3 million principal amount of Senior Notes had tendered and not withdrawn pursuant to the offer. DevX Energy, Inc. is an independent domestic oil and natural gas company established in 1994 to acquire, develop, operate and enhance oil and natural gas properties using conventional recovery techniques. DevX has interests in over 580 wells in six different hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen producing basins in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . We make forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this document, and in our public documents to which we refer, that are subject to risks and uncertainties in addition to those set forth above. These forward-looking statements include information about possible or assumed future results of our operations. Also, when we use any of the words "believes," "expects," "anticipates" or similar expressions, we are making forward-looking statements. Many possible events or factors could affect our future financial results and performance. This could cause our results or performance to differ materially from those we express in our forward-looking statements. These and other risks are described in the Company's publicly filed documents and reports that are available from the Company and from the SEC. |
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