TPG-Axon Releases Presentation to SandRidge Energy Stockholders

  TPG-Axon Releases Presentation to SandRidge Energy Stockholders

      - Details TPG-Axon’s Path to Creating Value at SandRidge Energy -

        - Presentation Available at www.Shareholdersforsandridge.com -

Business Wire

NEW YORK -- February 7, 2013

TPG-Axon, beneficial owner of 6.7% of the outstanding shares of SandRidge
Energy, Inc. (NYSE: SD) (the “Company”), today posted a presentation, entitled
Creating Value at SandRidge Energy, to www.Shareholdersforsandridge.com that
outlines, among other items, the following:

  *The current management team’s record of massive value destruction;
  *TPG-Axon’s belief in the underlying value of the Company;
  *What TPG-Axon believes must be done to unlock that value; and
  *TPG-Axon’s point-by-point response to SandRidge’s defensive and misleading
    claims.

TPG-Axon encourages all SandRidge stockholders to review its presentation.

TPG-Axon urges SandRidge stockholders of record, as of December 13, 2012, to
vote the GREEN consent card in favor of its proposals to amend the Company’s
bylaws, remove all members of the current Board of Directors and replace them
with its slate of highly qualified director nominees. TPG-Axon requests that
stockholders return their signed and dated GREEN consent cards by February 28,
2013, to ensure that their consent cards are received by SandRidge prior to
March 15, 2013, the deadline for submitting consents.

For information on TPG-Axon’s proposals and on the process for voting shares
in favor of those proposals, go to www.Shareholdersforsandridge.com.

About TPG-Axon Capital

TPG-Axon Capital is a leading global investment firm. Through offices in New
York, London, Hong Kong and Tokyo, TPG-Axon invests across global markets and
asset classes.

TPG-AXON MANAGEMENT LP, TPG-AXON PARTNERS GP, L.P., TPG-AXON GP, LLC, TPG-AXON
PARTNERS, LP, TPG-AXON INTERNATIONAL, L.P., TPG-AXON INTERNATIONAL GP, LLC,
DINAKAR SINGH LLC AND DINAKAR SINGH (COLLECTIVELY, “TPG-AXON”) HAS FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) A DEFINITIVE CONSENT
STATEMENT AND ACCOMPANYING CONSENT CARD TO BE USED TO SOLICIT WRITTEN CONSENTS
FROM THE STOCKHOLDERS OF SANDRIDGE ENERGY, INC. IN CONNECTION WITH TPG-AXON'S
INTENT TO TAKE CORPORATE ACTION BY WRITTEN CONSENT. ALL STOCKHOLDERS OF
SANDRIDGE ENERGY, INC. ARE ADVISED TO READ THE DEFINITIVE CONSENT STATEMENT
AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF WRITTEN CONSENTS BY
TPG-AXON, STEPHEN C. BEASLEY, EDWARD W. MONEYPENNY, FREDRIC G. REYNOLDS, PETER
H. ROTHSCHILD, ALAN J. WEBER AND DAN A. WESTBROOK (COLLECTIVELY, THE
"PARTICIPANTS") FROM THE STOCKHOLDERS OF SANDRIDGE ENERGY, INC. BECAUSE THEY
CONTAIN IMPORTANT INFORMATION, INCLUDING ADDITIONAL INFORMATION RELATED TO THE
PARTICIPANTS. THE DEFINITIVE CONSENT STATEMENT AND FORM OF WRITTEN CONSENT
HAVE BEEN FURNISHED TO SOME OR ALL OF THE STOCKHOLDERS OF SANDRIDGE ENERGY,
INC. AND ARE, ALONG WITH OTHER RELEVANT DOCUMENTS, AVAILABLE AT NO CHARGE ON
THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, TPG-AXON WILL PROVIDE
COPIES OF THE DEFINITIVE CONSENT STATEMENT AND ACCOMPANYING CONSENT CARD
WITHOUT CHARGE UPON REQUEST.

INFORMATION ABOUT THE PARTICIPANTS AND A DESCRIPTION OF THEIR DIRECT OR
INDIRECT INTERESTS BY SECURITY HOLDINGS IS CONTAINED IN THE DEFINITIVE CONSENT
STATEMENT ON SCHEDULE 14A FILED BY TPG-AXON WITH THE SEC ON JANUARY 18, 2013.
THIS DOCUMENT CAN BE OBTAINED FREE OF CHARGE FROM THE SOURCES INDICATED ABOVE.

Contact:

MacKenzie Partners, Inc.
Dan Burch or Larry Dennedy
212-929-5500
or
TPG-Axon:
Anton Nicholas, 203-682-8245
Anton.Nicholas@icrinc.com
Phil Denning, 203-682-8246
Phil.Denning@icrinc.com
Jason Chudoba, 646-277-1249
Jason.Chudoba@icrinc.com
 
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