Oasis To Issue An Addiitonal 7 Million Shares of Common Stock

Oasis Petroleum announces public offering of 7 mln shares of common stock: Co announced that it has commenced an underwritten public offering of 7,000,000 shares of common stock. Oasis intends to use the net proceeds of this offering to repay outstanding borrowings under its credit facility and for general corporate purposes. Citigroup Global Markets Inc. is acting as the sole underwriter for the offering.

This will bring outstanding shares from current 94 million to about 100 million.