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Saratoga Resources Announces Completion Of Exchange Offer For Its 12½% Senior Secured Notes Due 2016

Stocks in this article: SARA

Saratoga Resources, Inc. (NYSE Amex: SARA) (the “Company”) today announced that it has successfully completed its Offer to Exchange (the “Exchange Offer”) $127,500,000 in aggregate principal amount of its 12½% Senior Secured Notes due 2016, which have been registered under the Securities Act of 1933 (the “Exchange Notes”), for all of its outstanding unregistered 12½% Senior Secured Notes due 2016 (the “Existing Notes”). The Exchange Offer expired at 5:00 p.m., Eastern time, on November 29, 2011.

The Bank of New York Mellon Trust Company, the exchange agent for the Exchange Offer, advised that 100% of the Existing Notes were validly tendered. The Company expects to issue the Exchange Notes in exchange for the Existing Notes on or about December 2, 2011. The CUSIP number of the Exchange Notes is 803521 AF0.

This announcement is not an offer to purchase or a solicitation of an offer to purchase with respect to any securities.

About Saratoga Resources

Saratoga is an independent exploration and production company with offices in Houston, Texas and Covington, Louisiana. Principal holdings cover 33,869 gross (31,125 net) acres, mostly held-by-production, located in the transitional coastline and protected in-bay environment on parish and state leases of south Louisiana.

Copyright Business Wire 2010

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