OKLAHOMA CITY, May 26, 2017 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (OTCQB:CHPE) announced that its Class A common stock shares began trading over-the-counter today on the OTCQB market under the symbol CHPE.
“This marks a key step in Chaparral’s transition into a publicly traded company,” said Chief Executive Officer Earl Reynolds. “We believe we can create significant value for our shareholders as we continue our transformation into a premiere pure-play STACK operator.”
The OTCQB® Venture Market is considered by the Security and Exchange Commission (SEC) as an “established public market” for the purpose of determining the public market price when registering securities for resale in equity line financings with the SEC. Investors can find real-time quotes and market information for Chaparral at otcmarkets.com.
Chaparral is an independent oil and natural gas exploration and production company headquartered in Oklahoma City. Founded in 1988, Chaparral is a leading Mid-Continent operator with focused operations in Oklahoma’s fast-growing STACK Play. The company has potential production reserves of more than 1 billion barrels of oil equivalent and approximately 400,000 net surface acres, of which more than 110,000 acres are in the highly economic STACK Play. For more information, please visit chaparralenergy.com.