May 9, 2016

EIG Submits Binding Proposal to Acquire Pacific Exploration & Production Corporation

Recovery Value of At Least 15.4¢ per Dollar, a 67.1% Premium to Catalyst Proposal Vastly Superior Solution to Stabilize Company, Including Additional $75 Million Capital Infusion and $400 Million “Cash Out” Offer Pacific E&P to Benefit from EIG’s Operational Expertise and Financial Wherewithal  
February 10, 2016

EIG UPDATES TERMS OF TENDER OFFERS FOR $4.10 BILLION SENIOR NOTES OF PACIFIC EXPLORATION & PRODUCTION CORP.

Reduced Conditionality Reflects Input from Bondholders and Advisors Macro Environment Continues to Deteriorate Rapidly and EIG is Offering Value Certainty Pacific E&P Has Yet to Meaningfully Engage With EIG Despite Severe Liquidity Shortfall and a Potential “Free-Fall” Bankruptcy Time is Critically Short; EIG Urges Holders of Senior Notes to Tender Today
January 20, 2016

EIG PROVIDES UPDATE ON PROPOSED RESTRUCTURING OF PACIFIC EXPLORATION & PRODUCTION CORP.

  EIG is Offering to Acquire Any and All of the $4.10 Billion of Pacific E&P Senior Notes EIG’s Offer Represents Price Certainty and a Significant Premium in an Environment Where Oil Prices are in Free-Fall Interest Payments have Already been Missed and Bondholders Face Prospects of De Minimis
January 5, 2016

EIG PROPOSES RESTRUCTURING OF PACIFIC EXPLORATION & PRODUCTION CORP

  EIG Believes Pacific E&P Faces Overwhelming Financial Challenges That Threaten Its Ability to Operate as a Going Concern EIG Committed to Investing in Pacific E&P to Maintain Operations and Position for Growth Announces Tender Offers for Any and All of $4.10 Billion of Pacific E&P Senior Notes