White Star Petroleum Credit Agreement

White Star Petroleum, LLC announced that it has acquired approximately 30,500 net hectares in the Mid-Continent area in two transactions with Double Eagle Energy Oklahoma, LLC and the shareholders of Lighthouse Oil and Gas LP. In addition, the company announced that it had signed a final agreement for the acquisition of 18,500 net acres in Central Northern Oklahoma from Sundance Energy, Inc. The company also announced today that there was a change (the “change”) to its credit contract by and under the company, JPMorgan Chase Bank, N.A., as an administrative agent, by which two additional banks were added to the banking group, and the credit base under the credit agreement increased to $145 million. The acquisition was financed by the net proceeds of the previously announced private placement of Common Shares and Series B bonds under the credit agreement. White Star also announced that it had modified its first reserve-based revolving credit facility to increase the credit base from $230 million to $285 million, including commitments from an expanded group of lenders. OKLAHOMA CITY, March 21, 2017 /PRNewswire/ — White Star Petroleum, LLC (“White Star” or the company) announced today that it has acquired approximately 30,500 hectares of net acres in the Mid-Continent region in two transactions with Double Eagle Energy Oklahoma, LLC and the shareholders of Lighthouse Oil and Gas LP. In addition, the company announced that it had signed a definitive agreement to acquire 18,500 net acres from Central Northern Oklahoma of Sundance Energy, Inc. (ASX:SEA) (Nasdaq: SNDE). Net production from announced operations averaged 2,530 barrels of oil equivalent (“BOE”) per day in the second half of 2016. The area of these three transactions is mainly in Dewey, Garfield, Logan, Noble and Payne Counties in Oklahoma, most of which are held by the production. White Star Petroleum, LLC P.O. Box 13360 Oklahoma City, OK 73113 Disclosure Statement Hearing Plan Hearing Notices Materials Notices Of Omnibus Hearings About 35% of Contango`s equity is held by John C.