Riley Exploration-Permian LLC has delayed its IPO due to “unfavorable equity market conditions.” Based in Oklahoma City, Riley Permian is an oil and natural gas company. The company’s backers include Yorktown Energy Partners.
OKLAHOMA CITY–(BUSINESS WIRE)–Riley Exploration-Permian, LLC (“Riley Permian” or the “Company”) announced today that it has decided to postpone its planned initial public offering as a result of unfavorable equity market conditions and will continue to evaluate the proposed offering as market conditions develop.
A registration statement relating to these securities has been filed with, but has not yet been declared effective by, the Securities and Exchange Commission (the “SEC”).
These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Riley Permian’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Riley Permian’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements.