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On April 29, 2016 Ultra Petroleum Corp. ("Ultra") voluntarily chose to financially restructure itself through a court-supervised process under Chapter 11 of the U.S. Bankruptcy Code.
Ultra expects operations to continue as normal throughout the court-supervised financial restructuring process. The Company expects to continue paying vendor, royalty, and working interest partners on a go-forward basis in the ordinary course of business. This restructuring process will allow us to continue production while we strengthen our balance sheet and position Ultra for long-term success.
For further information regarding the Confirmation Hearing Notice related to the solicitation package sent to voting parties:
Case Information: Court filings and other information related to the court-supervised proceeding are available at a website administered by the Company's claims agent, Epiq Systems, at http://dm.epiq11.com/Ultra.
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