Edition:
India

Carrizo Oil & Gas Responds To Kimmeridge 13D Filing


Friday, 6 Apr 2018 

April 5 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS RESPONDS TO KIMMERIDGE 13D FILING.CARRIZO OIL & GAS SAYS "AGREES" WITH KIMMERIDGE ENERGY MANAGEMENT'S ASSESSMENT THAT ITS ASSETS ARE "CURRENTLY UNDERVALUED" RELATIVE TO PEER COMPANIES.BELIEVES EXECUTING ON ITS DEVELOPMENT PROGRAMS IN EAGLE FORD SHALE, DELAWARE BASIN WILL "REDUCE CURRENT DISCOUNT VALUATION IN ITS SHARES".MEMBERS OF CO'S MANAGEMENT TEAM & BOARD HAVE HAD ONGOING DISCUSSIONS WITH KIMMERIDGE ENERGY MANAGEMENT SINCE ITS STAKE IN CO'S STOCK IN 2017.