HOUSTON, TEXAS, Dec. 17, 2012 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón") todayannounced that it has set a record date and a meeting date for thespecial meeting of stockholders to consider and act upon thefollowing proposals:
  • the issuance of approximately 108.8 million shares of Halcóncommon stock upon the conversion of the convertible preferred stockissued to Petro-Hunt Holdings, LLC and an affiliated entity inconnection with Halcón's previously announced acquisition of twoentities owning producing and undeveloped oil and gas assetsin the Williston Basin
  • the amendment of Halcón's certificate of incorporation toincrease its authorized common stock by approximately 333.3 millionshares for a total of 670.0 million authorized shares of commonstock

Halcón stockholders of record at the close of business onMonday, December 10, 2012, will be entitled to receive the noticeof, and to vote at, the Halcón special meeting. The Halcón specialmeeting will be held on Thursday, January 17, 2013, at 10:00 a.m.,local time, at the principal executive offices of Halcón located at1000 Louisiana St., Suite 6700, Houston, Texas 77002.

About Halcón Resources

Halcón Resources Corporation is an independent energy companyengaged in the acquisition, production, exploration and developmentof onshore oil and natural gas properties in the United States.

Forward-Looking Statements

This release contains forward-looking statements within themeaning of Section 27A of the Securities Act of 1933, as amended,and Section 21E of the Securities Exchange Act of 1934, asamended.  Statements that are not strictly historicalstatements constitute forward-looking statements and may often, butnot always, be identified by the use of such words such as"expects", "believes", "intends", "anticipates", "plans","estimates", "potential", "possible", or "probable" or statementsthat certain actions, events or results "may", "will", "should", or"could" be taken, occur or be achieved.  Forward-lookingstatements are based on current beliefs and expectations andinvolve certain assumptions or estimates that involve various risksand uncertainties that could cause actual results to differmaterially from those reflected in the statements.  Theserisks include, but are not limited to, those set forth in theCompany's Annual Report on Form 10-K for the fiscal year endedDecember 31, 2011, Form 10-Q for the quarter ended September 30,2012 and other filings submitted by the Company to the U.S.Securities and Exchange Commission ("SEC"), copies of which may beobtained from the SEC's website at www.sec.gov or through theCompany's website at www.halconresources.com. Readers should not place undue reliance on any such forward-lookingstatements, which are made only as of the date hereof.  TheCompany has no duty, and assumes no obligation, to updateforward-looking statements as a result of new information, futureevents or changes in the Company's expectations.

Additional Information

Halcón has filed a proxy statement and other documents with theSEC containing proposals relating to the conversion of thepreferred stock issued in the transaction described above andsoliciting stockholder approval.  INVESTORS AND SECURITYHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTSFILED WITH THE SEC AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TOTHOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain these documents free ofcharge at the SEC's website at www.sec.gov.  You may alsoobtain these documents free of charge atwww.halconresources.com.  You may also read and copy anyreports, statements and other information filed by Halcón with theSEC at the SEC public reference room at 100 F Street N.E., Room1580, Washington, D.C. 20549.  Please call the SEC at (800)732-0330 or visit the SEC's website for further information on itspublic reference room.

Participants in Solicitation

Halcón and its executive officers and directors may be deemed tobe participants in the solicitation of proxies in connection withthe proposals described above.  Information regarding theparticipants in the proxy solicitation and a description of theirdirect and indirect interests, by security holdings or otherwise,will be contained in the proxy statement and other relevantmaterials to be filed with the SEC when they become available.
CONTACT: Scott M. Zuehlke          VP, Investor Relations          (832) 538-0314 

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