Lone Pine Resources Announces Creditor Approval of Restructuring Plan

CALGARY, ALBERTA–(Marketwired – Jan. 6, 2014) – Lone Pine Resources Inc. (“Lone Pine” or the “Company”) today announced that affected creditors of the Company and its subsidiaries have approved, by the required majorities at meetings held today, Lone Pine’s previously-announced plan of compromise and arrangement (as amended, the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”). The Plan was approved at the respective creditors’ meeting of each company by over 95% of the number of affected creditors who voted on the Plan holding, in each case, more than 99% of the proven claims of all voting creditors of that company.

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