ALICE, Texas, Feb. 4 /PRNewswire-FirstCall/ -- Forbes Energy Services Ltd. (TSX: FRB) (the "Company") announced today that it is extending the previously announced consent solicitation with respect to the 11% Senior Secured Notes due 2015 (the "Notes") issued by two of its subsidiaries, Forbes Energy Services LLC and Forbes Energy Capital Inc. The consent solicitation, which was scheduled to expire at 4:30 p.m., New York City time, on Wednesday, February 4, 2009, will now expire at 4:30 p.m., New York City time, on Friday, February 6, 2009 unless further extended.
All other terms of the consent solicitation remain unchanged. Holders of the Notes who have already properly delivered their consents do not need to deliver new consents or take any other action in response to this extension. Holders wishing to submit consents may use the Letter of Consent provided with the Consent Solicitation Statement dated January 22, 2009 (the "Statement") by following the procedures set forth therein.
For a complete statement of the terms and conditions of the consent solicitation and of the proposed amendments to the indenture governing the Notes, holders of the Notes should refer to the Statement and the Amendment to the Statement dated February 2, 2009 (the "Amendment").
Questions regarding the consent solicitation may be directed to Jefferies and Company, Inc., at (203) 708-5831 or toll-free at (888) 708-5831. Wells Fargo Bank, National Association is serving as Tabulation Agent in connection with the consent solicitation. Requests for assistance in delivering consents or for additional copies of the Statement, the Amendment or the related solicitation documents should be directed to the Tabulation Agent at Wells Fargo Bank, National Association, 625 Marquette Avenue, Minneapolis, MN 55402, Telephone: (612) 667-6245.
About the Company
Forbes Energy Services Ltd. is an independent oilfield services contractor that provides a broad range of drilling-related and production-related services to oil and natural gas companies, primarily onshore in Texas, Mississippi and Mexico.
Contacts: Forbes Energy Services LLC
L. Melvin Cooper, SVP & CFO
361-664-0549
DRG&E
Ken Dennard, Managing Partner
Ben Burnham, AVP
713-529-6600
