– USA, TX – Ultra Petroleum Corp. (NASDAQ:UPL) announces that as previously announced, and in connection with the reconstitution of the Company’s Board of Directors pursuant to its Cooperation Agreement with its largest shareholder, Fir Tree Partners, the Company has named Evan Lederman, Partner at Fir Tree, Drew Scoggins, Managing Partner at Millennial Energy Partners, and Brad Johnson, the Company’s interim Chief Executive Officer, to the Board. The Board has also unanimously appointed Evan Lederman to be its new Chairman of the Board.
“I am extremely excited to be elected Chairman of the Ultra Board and look forward to working closely with Brad and the rest of the Ultra management team to drive shareholder returns. We are all laser-focused on accelerating the horizontal program that generates best in class cash margins, de-levering the balance sheet, opportunistically hedging to provide cash flow visibility, dramatically improving investor communication and transparency and regaining the market’s trust by consistently meeting and exceeding expectations,” said Evan Lederman, Chairman of the Board.
About Ultra Petroleum
Ultra Petroleum Corp. is an independent energy company engaged in domestic natural gas and oil exploration, development and production. The Company is listed on NASDAQ and trades under the ticker symbol “UPL”.
For more information : http://www.ultrapetroleum.com
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