2015 News Releases

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05/21/15Sabine Oil & Gas Enters into Forbearance Agreement to its Second Lien Term Loan Facility
HOUSTON, May 21, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company")  today announced that it has entered into a forbearance agreement with the lenders under its second lien term loan facility.  The forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. The Company's financial advisors, Lazard, and legal advisors,... 
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05/11/15Sabine Oil & Gas Corporation Announces First Quarter 2015 Financial and Operating Results
HOUSTON, May 11, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation ("Sabine" or the "Company") (OTCQB: SOGC) today reported its first quarter 2015 financial and operating results.  Throughout this release, the results of operations of the Company presented for periods prior to the Forest Oil business combination on December 16, 2014 reflect the results and operations of the Company's accounting predecessor, Sabine Oil & Gas LLC. (Logo: http://photos.prnewswire.com/prnh/20130325/MM8320... 
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05/05/15Sabine Oil & Gas Enters into Forbearance Agreement to its Revolving Credit Facility
HOUSTON, May 5, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company")  today announced that it has entered into a forbearance agreement with the lenders under its revolving credit facility.  The forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. The Company's financial advisors Lazard and legal advisors Kirkland... 
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05/01/15Sabine Oil & Gas Announces Redetermination of its Borrowing Base
HOUSTON, May 1, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company")  today announced that, effective as of April 27, 2015, the borrowing base under its revolving credit facility has been decreased from $1 billion to $750 million as part of the Company's regularly scheduled semi-annual redetermination by its lenders.  The decrease in the borrowing base has resulted in a deficiency of approximately $250 million, which must be repaid in six monthly installments of app... 
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04/21/15Sabine Oil & Gas to Continue Creditor Discussions During Grace Period for Interest Payment
HOUSTON, April 21, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company")  today announced that it has elected to exercise its right to a grace period with respect to a $15.313 million interest payment under its Second Lien Credit Agreement. The interest payment is due April 21, 2015; however, such grace period permits the Company 30 days to make the interest payment before an event of default occurs. Logo - http://photos.prnewswire.com/prnh/20130325/MM83201LOGO ... 
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03/31/15Sabine Oil & Gas Corporation Announces Fourth Quarter and Full Year 2014 Financial and Operating Results
HOUSTON, March 31, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation ("Sabine" or the "Company") (OTCQB:SOGC) today reported its fourth quarter and full year 2014 financial and operating results. (Logo: http://photos.prnewswire.com/prnh/20130325/MM83201LOGO) Key 2014 Results and Events: Closed the business combination of Sabine Oil & Gas LLC and Forest Oil Corporation on December 16, 2014.  The results presented in this press release include 15 days of operating data for the ... 
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03/16/15Sabine Oil & Gas Announces Delayed Filing Of Form 10-K Hires Advisors To Explore Strategic Alternatives
HOUSTON, March 16, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation (OTCQB:SOGC) ("Sabine") announced today that it will not timely file its Annual Report on Form 10-K, but expects to file by March 31, 2015.  Sabine does not intend to host a conference call in connection with the release of its fourth quarter and full year 2014 financial and operating results. Logo - http://photos.prnewswire.com/prnh/20130325/MM83201LOGO In addition, Sabine announced that it has retained financial a... 
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01/13/15Sabine Oil & Gas Corporation To Trade Under New Trading Symbol "SOGC"
HOUSTON, Jan. 13, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation ("Sabine") announced today that the OTCQB ticker symbol for common stock of Sabine has been changed from "FSTO" to "SOGC", effective at the open of market trading today, January 13, 2015.  In addition, the name change from Forest Oil Corporation to Sabine was completed and effective December 19, 2014.  No action is required by shareholders as a result of these changes. Logo - http://photos.prnewswire.com/prnh/20130325/MM8... 
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