Law Offices of Howard G. Smith Announces Investigation of SandRidge Energy, Inc.

  Law Offices of Howard G. Smith Announces Investigation of SandRidge Energy,

Business Wire

BENSALEM, Pa. -- January 29, 2013

Law Offices of Howard G. Smith announces that it is investigating potential
claims on behalf of shareholders of SandRidge Energy, Inc. (“SandRidge” or the
“Company”) (NYSE:SD). The investigation concerns possible breaches of
fiduciary duties by the Company or its fiduciaries.

SandRidge operates as an independent natural gas and oil company and engages
in the exploration, development and production of oil and gas properties in
the United States. The investigation is related to the Company’s November 8,
2012 press release announcing the Company’s financial results for the third
quarter of 2012 and the Company’s reported loss of $184 million, or $0.39 per
share, compared with a profit of $561 million, or $1.16 per share, in the
third quarter of 2011. The Company-issued press release also disclosed that
SandRidge intended to sell off the remaining interest in the Company’s high
margin, oil-producing Permerian Basin assets. In addition, the investigation
concerns allegations that SandRidge had been overstating the value of its
Mississippian formation assets which, the Company subsequently acknowledged,
consisted of far more low-margin natural gas deposits than high-margin oil

If you purchased SandRidge shares prior to June 2008 and still hold those
shares, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to, or visit our website at


Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
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