St. Mary Announces Accrual of Contingent Interest on 5.75% Senior Convertible Notes.DENVER -- St. Mary Land & Exploration Company (NYSE NYSE See: New York Stock Exchange : SM) today announces that for the period from September 15, 2006 to March 14, 2007, its $100 million in 5.75% Senior Convertible Notes due 2022 will, subject to the terms of the indenture under which they were issued, accrue contingent interest contingent interest n. an interest in real property which, according to the deed (or a will or trust), a party will receive only if a certain event occurs or certain circumstances happen. at a rate of 0.50% per annum Per annum Yearly. in addition to the 5.75% annual rate of interest that the notes have stated on the face of the indenture, for a total interest rate of 6.25%. This release contains forward looking statements within the meaning of securities laws. The word "will" and similar expressions are intended to identify forward looking statements. These statements involve known and unknown risks, which may cause St. Mary's actual results to differ materially from results expressed or implied by the forward looking statements. These risks include such matters discussed in the "Risk Factors" section of St. Mary's 2005 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and subsequent Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. filed with the SEC. Although St. Mary may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws. |
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