Edition:
India

KEMC Fund IV Gp, Llc Reports 8.1 Pct Stake In Carrizo Oil & Gas Inc As Of March 26, 2018 SEC Filing‍​


Thursday, 5 Apr 2018 

April 5 (Reuters) - Carrizo Oil & Gas Inc ::SEC FILING‍​.KEMC FUND IV GP SAYS ACQUIRED CARRIZO OIL & GAS' SHARES IN THE BELIEF THAT THE SHARES ARE UNDERVALUED AND ARE AN ATTRACTIVE INVESTMENT.KEMC FUND IV GP SAYS KIMMERIDGE PRINCIPALS HAD NUMEROUS CONSTRUCTIVE DISCUSSIONS WITH CARRIZO OIL & GAS' MANAGEMENT ON CO'S BUSINESS, STRATEGIES.CORE ASSETS & PARTIAL SALES IN EAGLE FORD, UTICA, MARCELLUS, NIOBRARA & REPAYMENT OF DEBT ARE POSITIVE STEPS FOR CARRIZO OIL.BELIEVES CARRIZO OIL & GAS SHOULD "STRONGLY" CONSIDER SPECIFIC ACTIONS THAT CAN BE TAKEN TO ENHANCE AND MAXIMIZE SHAREHOLDER VALUE.PLAY.KEMC FUND IV GP SAYS BELIEVES CARRIZO OIL SHOULD MERGE WITH ANOTHER OPERATOR WITH PERMIAN OVERLAP TO INCREASE SCALE.KEMC FUND IV GP SAYS BELIEVES CARRIZO OIL SHOULD EXIT PART OF EAGLE FORD POSITION & USE PROCEEDS TO REPURCHASE SIGNIFICANT PORTION OF COMMON STOCK.BELIEVE CARRIZO OIL WILL NOT BE ABLE TO INCREASE SCALE IN PERMIAN SUFFICIENTLY ABSENT MAJOR A SALE OR MERGER.IF CARRIZO OIL BOARD IS UNABLE/UNWILLING TO EXECUTE VIABLE STRATEGIC PATH IN 12 MONTHS, KEMC BELIEVES SHAREHOLDERS WOULD BE BEST SERVED BY SALE OF CO.