Continental Resources Announces Pricing of $1.5 Billion Offering of New Senior Notes due 2023

Continental Resources Announces Pricing of $1.5 Billion Offering of New Senior
                                Notes due 2023

PR Newswire

OKLAHOMA CITY, April 2, 2013

OKLAHOMA CITY, April 2, 2013 /PRNewswire/ --Continental Resources, Inc.
("Continental" or the "Company") (NYSE: CLR) announced today the pricing of
its private placement of $1.5 billion of new 4 ½% senior unsecured notes due
2023.The notes were sold at par. The offering is expected to close on April
5, 2013, subject to customary closing conditions.Continental intends to use
the net proceeds from the offering of the notes to repay its borrowings
outstanding under its revolving credit facility and for general corporate
purposes.

(Logo: http://photos.prnewswire.com/prnh/20120327/DA76602LOGO)

The securities offered have not been registered under the Securities Act of
1933, as amended (the "Securities Act"), or any state securities laws; and
unless so registered, the securities may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act and applicable state
securities laws. The senior unsecured notes are expected to be eligible for
trading by qualified institutional buyers under Rule 144A and non-U.S. persons
under Regulation S.

This press release is being issued pursuant to Rule 135c under the Securities
Act, and is neither an offer to sell nor a solicitation of an offer to buy the
notes or any other securities and shall not constitute an offer to sell or a
solicitation of an offer to buy, or a sale of, the notes or any other
securities in any jurisdiction in which such offer, solicitation or sale is
unlawful.

Cautionary Statement for the Purpose of the "Safe Harbor" Provisions of the
Private Securities Litigation Reform Act of 1995

This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements included in this press release other than
statements of historical fact, including, but not limited to, statements or
information concerning the Company's future operations, performance, financial
condition, production and reserves, schedules, plans, timing of development,
returns, budgets, costs, business strategy, objectives, and cash flow, are
forward-looking statements. When used in this press release, the words
"could," "may," "believe," "anticipate," "intend," "estimate," "expect,"
"project," "budget," "plan," "continue," "potential," "guidance," "strategy,"
and similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such identifying words.
Forward-looking statements are based on the Company's current expectations and
assumptions about future events and currently available information as to the
outcome and timing of future events. Although the Company believes that the
expectations reflected in the forward-looking statements are reasonable and
based on reasonable assumptions, no assurance can be given that such
expectations will be correct or achieved or that the assumptions are accurate.
When considering forward-looking statements, readers should keep in mind the
risk factors and other cautionary statements described under Part I, Item 1A.
Risk Factors included in the Company's Annual Report on Form 10-K for the year
ended December 31, 2012, registration statements and other reports filed from
time to time with the Securities and Exchange Commission (SEC), and other
announcements the Company makes from time to time.

The Company cautions readers that these forward-looking statements are subject
to all of the risks and uncertainties, most of which are difficult to predict
and many of which are beyond the Company's control, incident to the
exploration for, and development, production, and sale of, crude oil and
natural gas. These risks include, but are not limited to, commodity price
volatility, inflation, lack of availability of drilling and production
equipment and services, environmental risks, drilling and other operating
risks, regulatory changes, the uncertainty inherent in estimating crude oil
and natural gas reserves and in projecting future rates of production, cash
flows and access to capital, the timing of development expenditures, and the
other risks described under Part I, Item 1A. Risk Factors in the Company's
Annual Report on Form 10-K for the year ended December 31, 2012, registration
statements and other reports filed from time to time with the SEC, and other
announcements the Company makes from time to time.

Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date hereof. Should one or more of the
risks or uncertainties described in this press release occur, or should
underlying assumptions prove incorrect, the Company's actual results and plans
could differ materially from those expressed in any forward-looking
statements. All forward-looking statements are expressly qualified in their
entirety by this cautionary statement. This cautionary statement should also
be considered in connection with any subsequent written or oral
forward-looking statements that the Company, or persons acting on its behalf,
may make.

Except as otherwise required by applicable law, the Company disclaims any duty
to update any forward-looking statements to reflect events or circumstances
after the date of this press release.

Contacts: Investor Relations
Warren Henry, VP Investor Relations
(405) 234-9127
Warren.Henry@clr.com

Media
Kristin Miskovsky, VP Public Affairs
(405) 234-9480
Kristin.Miskovsky@clr.com

SOURCE Continental Resources

Website: http://www.clr.com
 
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