Glancy Binkow & Goldberg LLP Announces Investigation of SandRidge Energy, Inc.

  Glancy Binkow & Goldberg LLP Announces Investigation of SandRidge Energy,
  Inc.

Business Wire

LOS ANGELES -- February 2, 2013

Glancy Binkow & Goldberg LLP announces that it is investigating potential
claims on behalf of purchasers of the securities of SandRidge Energy, Inc.
(“SandRidge” or the “Company”) (NYSE:SD) concerning 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 deposits.

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 Michael Goldberg, Esquire, of Glancy Binkow & Goldberg
LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by
telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to
shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contact:

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(310) 201-9150 or (888) 773-9224
shareholders@glancylaw.com
www.glancylaw.com
 
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