<SEC-DOCUMENT>0001104659-15-041380.txt : 20150528
<SEC-HEADER>0001104659-15-041380.hdr.sgml : 20150528
<ACCEPTANCE-DATETIME>20150528080050
ACCESSION NUMBER:		0001104659-15-041380
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150528
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150528
DATE AS OF CHANGE:		20150528

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANDRIDGE ENERGY INC
		CENTRAL INDEX KEY:			0001349436
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				208084793
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33784
		FILM NUMBER:		15893911

	BUSINESS ADDRESS:	
		STREET 1:		123 ROBERT S. KERR AVENUE
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73102-6406
		BUSINESS PHONE:		405-429-5500

	MAIL ADDRESS:	
		STREET 1:		123 ROBERT S. KERR AVENUE
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73102-6406

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RIATA ENERGY INC
		DATE OF NAME CHANGE:	20060111
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a15-12943_18k.htm
<DESCRIPTION>8-K
<TEXT>


<html>
<head>


  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 3.0pt;padding:1.0pt 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT<br> Pursuant to Section&nbsp;13 or 15(d)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">of the Securities Exchange Act of 1934</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report (Date of earliest event reported):<b> May&nbsp;28, 2015</b></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SANDRIDGE ENERGY,&nbsp;INC.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of registrant as specified in its charter)</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1-33784</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">20-8084793</font></b></p>    </td>   </tr>
<tr>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or Other Jurisdiction of<br>   Incorporation or Organization)</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File Number)</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer Identification No.)</font></p>    </td>   </tr>  </table>
</div>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">123 Robert S. Kerr   Avenue</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Oklahoma City, Oklahoma</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="bottom" style="padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">73102</font></b></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of Principal Executive   Offices)</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>    </td>   </tr>  </table>
</div>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s Telephone Number, including Area Code:<b><font style="font-weight:bold;">  </font>(405) 429-5500</b></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not Applicable.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former name or former address if changed since last report)</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="border-bottom:solid windowtext 3.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\C901915\15-12943-1\task7431828\12943-1-ba.htm',USER='C901915',CD='May 28 09:18 2015' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7.01&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;28, 2015, SandRidge Energy,&nbsp;Inc. (the &#147;Company&#148;) announced its intent to commence a private placement (the &#147;Offering&#148;) of $1.0 billion aggregate principal amount of senior secured notes due 2020 (the &#147;Notes&#148;).&#160; In connection with the Offering, the Company disclosed that the present value, discounted at 10% per annum, of its proved reserves as of December&nbsp;31, 2014 would have been $3.04 billion based on NYMEX forward strip prices as of May&nbsp;1, 2015 ($3.4 billion after giving effect to the Company&#146;s hedging arrangements).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The information contained in this Item 7.01 shall not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8.01&nbsp;&nbsp;&nbsp;Other Events.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;28, 2015, the Company issued a press release announcing its intent to commence the Offering.&#160; A copy of this press release is filed as Exhibit&nbsp;99.1 to this report, which is incorporated by reference into this Item 8.01.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The press release was issued pursuant to, and in accordance with, Rule&nbsp;135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s existing senior credit facility, which will be amended and restated concurrently with the issuance of the Notes (the &#147;revised senior credit facility&#148;), will be available to be drawn on subject to limitations based on its terms and certain financial covenants, as described below. The revised senior credit facility is expected to contain financial covenants, including maintenance of agreed upon levels for the (i)&nbsp;ratio of total first lien debt to EBITDA, which may not exceed 2.00:1.00 at each quarter end, calculated using the last four completed fiscal quarters and (ii)&nbsp;ratio of current assets to current liabilities, which must be at least 1.00:1.00 at each quarter end. In the current ratio calculation, any amounts available to be drawn under the Company&#146;s revised senior credit facility are anticipated to be included in current assets, and unrealized assets and liabilities resulting from mark-to-market adjustments on its derivative contracts will be disregarded. The revised senior credit facility is expected to mature on the earliest of (i)&nbsp;June&nbsp;2020, (ii)&nbsp;91 days before the maturity or any mandatory offer to repurchase under the Notes and (iii)&nbsp;91 days before the maturity or any mandatory offer to repurchase the unsecured notes.&#160; The revised senior credit facility also is expected to contain various covenants that will limit the Company and certain of its subsidiaries&#146; ability to: grant certain liens; make certain loans and investments; make distributions; redeem stock; redeem or prepay debt; merge or consolidate with or into a third party; or engage in certain asset dispositions, including a sale of all or substantially all of the Company&#146;s assets. Additionally, the revised senior credit facility is expected to limit the Company and certain of its subsidiaries&#146; ability to incur additional indebtedness with certain exceptions.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company expects the obligations under the revised senior credit facility will be guaranteed by certain of its subsidiaries and will be secured by first priority liens on all shares of capital stock of certain of its material present and future wholly owned subsidiaries; certain intercompany debt; and substantially all of its assets, including, consistent with the existing senior credit facility, proved oil, natural gas and NGL reserves representing at least 80.0% of the discounted present value of proved oil, natural gas and NGL reserves considered by the lenders in determining the borrowing base for the revised senior credit facility.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At the Company&#146;s election, interest under the revised senior credit facility is expected to be determined by reference to (a)&nbsp;the ICE Benchmark Administration Limited LIBOR rate (&#147;LIBOR&#148;) plus an applicable margin between 1.75% and 2.75% per annum or (b)&nbsp;the &#147;base rate,&#148; which is the highest of (i)&nbsp;the federal funds rate plus 0.5%, (ii)&nbsp;the prime rate published by Royal Bank of Canada or (iii)&nbsp;the one-month Eurodollar rate (as defined in the revised senior credit facility) plus 1.00% per annum, plus, in each case under scenario (b), an applicable margin between 0.75% and 1.75% per annum. Interest is anticipated to be&#160; payable quarterly for base rate loans and at the end of the applicable interest period for LIBOR loans, except that if the interest period for a LIBOR loan is six months or longer, interest will be paid at the end of each three-month period. Quarterly, the Company expects to pay commitment fees assessed at an annual rate of 0.5% on any available portion of the revised senior credit facility.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Borrowings under the revised senior credit facility may not exceed the lower of the committed amount or the borrowing base, which is subject to periodic redeterminations and adjustments. The initial borrowing base under the revised senior credit facility will be $500 million. The next scheduled borrowing base redetermination is expected to take place in</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1<a name="PB_1_071028_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='1',FILE='C:\jms\C901915\15-12943-1\task7431828\12943-1-ba.htm',USER='C901915',CD='May 28 09:18 2015' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;2015. With respect to each redetermination, the administrative agent and the lenders under the revised senior credit facility will consider several factors, including the Company&#146;s proved reserves and projected cash requirements, and make assumptions regarding, among other things, oil and natural gas prices and production. Because the value of the Company&#146;s proved reserves is a key factor in determining the amount of the borrowing base, changing commodity prices and the Company&#146;s success in developing reserves may affect the borrowing base. At times the Company expects to incur additional costs related to the revised senior credit facility as a result of amendments to the credit agreement and changes to the borrowing base.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additionally, the Company expects the revised senior credit agreement to permit the Company and certain of its subsidiaries to incur additional indebtedness in an aggregate principal amount not to exceed $1.75 billion (including the Notes) which, if secured, may be secured solely by collateral securing the revised senior credit facility on a junior lien basis, and the incurrence of amounts in excess of $1.50 billion of such debt will result in an automatic reduction of the borrowing base by $.25 for each $1.00 of debt incurred. The Company expects any junior lien debt will be subject to the terms and conditions set forth in an intercreditor agreement and will mature no earlier than 91 days after the stated maturity date of the facility.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company anticipates the revised senior credit facility will have $11.6 million in outstanding letters of credit secured by the revised senior credit facility at closing, which reduce the availability under the revised senior credit facility on a dollar-for-dollar basis.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The terms of the revised senior credit facility described above are subject to change. The availability of the revised senior credit facility is expected to be subject to a number of conditions, including the consummation of the offering of the Notes (the &#147;Offering&#148;). To the extent that any of these conditions are not satisfied, the revised senior credit facility may not be available on the terms described herein or at all.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company expects that it will enter into definitive documentation for the revised senior credit facility with the committed banks, together with additional banks participating in the facility, concurrently with the issuance of the Notes.&#160; The effectiveness of the revised senior credit facility is conditioned upon the closing of the Offering and the Offering is conditioned upon the effectiveness of the revised senior credit facility.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&nbsp;Exhibits</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Press release issued by SandRidge Energy,&nbsp;Inc. dated as of May&nbsp;28, 2015.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_071125_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\jms\C901915\15-12943-1\task7431828\12943-1-ba.htm',USER='C901915',CD='May 28 09:18 2015' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURE</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: May&nbsp;28, 2015</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SANDRIDGE   ENERGY,&nbsp;INC.</font></b></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant)</font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="44%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Philip T. Warman</font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>    </td>
<td width="44%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:44.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Philip   T. Warman</font></i></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>    </td>
<td width="44%" valign="top" style="padding:0in 0in 0in 0in;width:44.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Senior   Vice President, General Counsel and Corporate Secretary</font></i></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3<a name="PB_3_071307_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\jms\C901915\15-12943-1\task7431828\12943-1-ba.htm',USER='C901915',CD='May 28 09:18 2015' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;Index</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.18%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">No.</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="87%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:87.32%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>    </td>   </tr>
<tr>
<td width="10%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:10.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="87%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:87.32%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="87%" valign="top" style="padding:0in 0in 0in 0in;width:87.32%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press   release issued by SandRidge Energy,&nbsp;Inc. dated as of May&nbsp;28, 2015.</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4<a name="PB_4_071342_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='4',FILE='C:\jms\C901915\15-12943-1\task7431828\12943-1-ba.htm',USER='C901915',CD='May 28 09:18 2015' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a15-12943_1ex99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="288" height="99" src="g129431mmi001.jpg" alt="GRAPHIC"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SandRidge Energy,&nbsp;Inc. Announces Private Offering of $1.0 Billion of Senior Secured Notes</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OKLAHOMA CITY, May&nbsp;28, 2015 /PRNewswire/ &#151; SandRidge Energy,&nbsp;Inc. (the &#147;Company&#148;) (NYSE:SD) announced today the commencement of a private offering of $1 billion in aggregate principal amount of senior secured notes due 2020 (the &#147;Notes&#148;). The Notes will be secured on a second lien priority basis and guaranteed by each of the Company&#146;s restricted subsidiaries that will guarantee the Company&#146;s revised revolving credit facility. The issuance of the Notes will be conditioned on, among other things, the effectiveness of a fully-committed revised $500 million borrowing base first lien revolving credit facility.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company intends to use the net proceeds from this offering to repay borrowings under its existing revolving credit facility and for general corporate purposes.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Notes and related guarantees are being offered by the Company only to qualified institutional buyers under Rule&nbsp;144A of the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act.&#160; The Notes will not be registered under the Securities Act, or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">About SandRidge Energy,&nbsp;Inc.</font></u></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SandRidge Energy,&nbsp;Inc. (NYSE: SD) is an oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma with its principal focus on developing high-return, growth-oriented projects in the Mid-Continent region of the United States. In addition, SandRidge owns and operates a saltwater gathering and disposal system and a drilling rig and related oil field services business.</font></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONTACT:</font></b></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Duane Grubert</font></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EVP &#151; Investor Relations&nbsp;&amp; Strategy</font></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SandRidge Energy,&nbsp;Inc.</font></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">123 Robert S. Kerr Avenue</font></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oklahoma City, OK 73102</font></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">+1 (405) 429-5515</font></p>
<p style="margin:0in 0in .0001pt 2.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\C901945\15-12943-1\task7431919\12943-1-mm.htm',USER='C901945',CD='May 28 10:13 2015' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g129431mmi001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g129431mmi001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!C`2`#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHK#UKQCH>A`K=7BO,/^6$/SO^0Z?C
M2<E%79482F[15S<JO>7]II\1EO+F*W0?Q2.%_G7E6L_%'5;XM%ID2V$)_C/S
MR'\>@KG[33];\2W1>&&YOI"?FE<D@?5CP*YI8E;15STJ>72MS59<J/3[_P")
M>@6A*V[37C#_`)Y)A?S.*P;GXKW3$_9-+B0=C+(6/Z8JC'X#MM-C$WB36[>R
M'7R8CN<_G_0&G#6O!>D'&FZ+)J,J]);H\?K_`(5E*I5^T['5"AAOL0<_R^_1
M#X_B'XGO'Q:VL#D]HK=G_K6K::]X_E(/]BQN#_STB,?\V%8<WQ&UEP(K&"TL
MDZ!8HMQ_7_"G0/X]UG#127X1OXB1"O\`2I51WTDV:RH)*[A&*\W_`,,=S8ZK
MXF;`OO#JJ.[0W2?R)_K6]$YDC#-&T9/56QD?E7FR^$O$:KYFI>)$LQWWW3$_
MS`J6.WL+`_OOB#<;AU$+Y'\S6\:DENOO:."IAJ<_@DODI/\`S/1Z*Y?3_&6@
M011VLFNFY?.T331E?S(`'XUH)XAAAU!;#4`+:609@ESF*8?[+=C[&NB,E+8\
M^I2G3=I*QL45"EW;R7#VZ3(9D^]'G##WQZ>]351F%%%%`!1110`4444`%%%%
M`!1110`4444`4M2U.+2HA<7,<GV8?ZR9%W"+W8#G'OV[U/;75O>VZ7%K/'/"
MXRLD;!E/T(HNEG>!OLSHLHY7>,J?8^U>:7.C6]SJ\R^'-3F\*^(0=TNG.^(9
MS_>4=&!]5!]P*3=BXQ31ZC17C]WX]^(?A)O+U_18;J)>/M`C(5O^!K\OYBIK
M;X\6[*/M.@RJ>_EW`(_4"ES(KV,WMJ>M45Y=_P`+TTK'_(&O,_[Z5!/\=(<?
MZ/H,A/K)<`?R6ESQ*6&JO9'K%%>)7?QHUZ<$6ME96WN0SG]2!^E<_?\`COQ-
MJF5N=9G56_@A(C'_`([BH=:*-X8&H]]#W[4=<TK2$+:AJ%O;8[.XW'\.IKC=
M6^+VE6^Y-+M9;U^SO^[3]>3^5>7:=X<UW6I-]IIEU<%CS*R$#\6;BNIM_AI)
M91"X\2:S9Z7%U*!PSG\\#\LUDZM27PJQT1PV'IO]Y*[[?\!:F?K'C[Q!K09)
M+S[+`W_+*V^08]SU/YTS0_!NN:Z0]M:-'`W)N)_D3Z^I_"MI==\$^&N-%TM]
M6NUZ7-U]T'U&1_("L;6?&VNZ[F.XNS#`W`@M_D7Z'N?QKGERWO-W.V'/:U*/
M*N[_`,O\SH?[.\&^%.=1N3K>H+_RPB_U:GW[?F3]*HZG\0M7O(_L]B(]+M1P
ML=N,,!_O=OPQ5;1/`>L:K&+B6-=/LP,F>Y^7CU"]?SQ6Q]J\%^%3BTA;7;]/
M^6KX\M3[=OR!^M/WK?RK^OF+]WS:WG+\%^B,/2_#6N^()/-@M99%<\W$Y(4_
M\"/7\,UO?\(KX<T(;O$&MB:8=;:TZ_3U_E6/JWC;7=9)B:Y-M`W`@MOE'TSU
M-3:/X#UW5L2&#['"W/F7'!/T7J:E*-[15V;3<TKU9J"\M_O_`,D:7_":Z7I8
M*>'M`@A(Z3W'+'^OZU0?Q)XKU^4Q07%S)G_EG:)M'Z?U-=MI/PVT:QVO>%[^
M4?\`/3Y4_P"^1_6NKM[:"UB$5O#'#&.BQJ%'Z5T*C4E\3LO(X)XS#4W^[AS/
MN_\`@_\``/+++X=:]J#"2^DCM@>29G,C_D/\:Z.R^&&E0@&\N;BY;T!$:_IS
M^M=K16L</372YRU,QQ$]G;T,>T\)Z!98\G2K?([NN\_^/9I^NZ#;:UI#6)18
MRHS`P&/+8=/PK5HK912V1QRG.>LG<\NTZZ?4Y/\`A']6E:VU.V8I97F<.CC^
M`GN#V_\`U5);^)K_`.V-I.L7LNG:C"WEQ7JGY2>PD7HP/]ZI/B=HYM[B#6[<
M%=Y$<Q7C##[K?IC\!65KI7Q/X4A\0Q@?;K'$%\`/O+V?_/J?2F0=)9>/;C3-
M2.E>*+9;>52`+F+[C#LQ'H?45W".LB*Z,&1AE64Y!'K7CEJ__"6>#[BUE^?4
M]&3S8'_BDA[J?7'^%=7\*-1GO/#D]M,Q9;2;9$3V4C./P.?SH`[JBBB@`HHH
MH`****`"BBB@`HHHH`1E#J589!&#7">,+33C&MGXK@=].9L6FKQ#]Y:.>BR$
M=/9NA[\\UWE1SP0W4#V]Q$DL4BE71QD,#V(I-%1=F>2W+?$'P;`)K"\3Q-HI
M&4=E\X[/?!W=.X)%8A\=^#M5)_MWP3$DQX:2S8*?R^4_K75ZKX,\2>$9Y-0\
M"7TC6I.Z32Y3O4>NT'@_H?<US$_CKPYK$S6_C/P>(KM3MDGM04D!]P<-^IJ&
M=,+/7\A@?X2W/S;-8M,_P\G'_H5.%O\`"=>?MNL/[8/_`,33?[`^&6I_-9>)
M[O3B?^6=S'D#\P/YTH^'/AZ7FV\>Z:R_[84'_P!#J'<Z(N/5M#QJ7PMLN8=&
MU*^8?\]7('_H0_E4J_$;2-/XT/P=8VQ'22;#-^@S^M0K\/?#L/-SX]TX#_8"
MD_\`H=2+H7PWL.;OQ/=7Q'\%NF,_DI_G4/F\D:KV3WN_O*6H?$GQ1J(*_P!H
M"TC/\-L@3'X]?UK)L]/U?7[G-O;7=_*>KX9_S8]/SKJ%\3^`])/_`!*?"TE[
M(O26\;C/T)/\JKW_`,3_`!!=1^39_9],@Q@);1\@?4_TQ6,K?:D=$.9:4X6]
M?^`7+3X:W%M"+KQ'JEKI-OU*EPSG^G\ZLCQ'X1\,?+X>TLZC=K_R^770'U&>
M?R`KC((=7\17N8TN]1N&/+?-(1]3VKM]#^$VH7.V76+E;2/J8HL/(?QZ#]:4
M;O\`AQ"IRQ7[^?R6G_!.;U7Q)K?B2<1W=S)*&/R6T((7\%'7\<UT&A?#+5=0
MVS:BPT^`\[2-TI_#H/Q_*O2=%\,:1H$>W3[-4?&&F;YI&^K'^E:U;1P]W>;N
M<=3,++EHJR,71?"6C:$`;2T5IAUGE^9S^/;\*VJ**ZE%)61YLYRF[R=V%%%%
M,D****`"BBB@#-\0:6NLZ%=V!&6EC.P^C#E3^8%>1>!=06#7WTF\XMM3C:UE
M0]F.=OXYR/QKV^O`?&]N^@^.;LP_)B9;F+';/S?SS0!I>!(IM.^(O]F2`G'G
M6\R^H`/^`KU/PMX=A\,Z,MA&_F.7:21\8W,?\!@?A6=HGAA(O%U_XF<*!>11
M^0@_A)4;S^8Q^==50`4444`%%%%`!1110!6U#4;/2K-[N_N8[:!/O22-@5RD
MGQ:\(1N5%],^/XEMWP?TKF?B03K?Q$T;P]=W#06!"%CG'+$Y/UP`!]:[*/X;
M>#XXPG]AP-@8R[,2?J<T`4/^%O>$?^?FY_\``9J/^%O>$?\`GYN?_`9JT?\`
MA7/@_P#Z`-M_X]_C1_PKGP?_`-`&V_\`'O\`&@"?PYXTT;Q3//#I<DSM`H9]
M\14`$X'6M^LS1_#>C:`93I5A%:&;'F;,_-C..OU-:=`!6/KGA30_$<>W5=/B
MG8#"RXVR+]&'-<7XJ^*=U:ZM)IWAFSBO_LJLUS,RLZC'7&TC@=S74^"/%<?B
MW05O"$CNHCLN8DZ*WJ/8CD?_`%J!IM:HXO5/@9:.S/I&KR0YZ1W*;Q_WT,']
M*YNY^#'BF!B(6LKE>Q28K_Z$!7O=>8>+_BCJ7AWQ;-IEI9VMQ:VX0R;PV\Y`
M)Y!P.OI4."9O'$U(G%CX3>,0<?V?#]?M*?XU<MOA!XJD($BV<`]7GS_(&O7O
M#7BG3/%.GBZT^;YEXEA;AXCZ$?UZ&MFI]E$U^NU?(\EL/@I<9!U#6D4=UMXB
M?U)_I75:9\+O#&G$-);27L@[W+Y'_?(P*K_$/QMJ'A:YTVUTR"WFFO"VX3JQ
MP,@#&".Y-:7CGQ+=>%?"_P#:,"0R71D2-5D!VDGKP#GH#35*"Z&<L56EO(Z&
MWM;>SB$-M!'#&.B1J%`_`5+7D]OXZ^)%U;QW%OX6BEAE4,CK;OA@>A'SU)_P
MF7Q._P"A13_P'?\`^+K0YSU2BO*K?XMZMI=^EMXI\/-:*W5XU9&`]=K?>_`U
MZ8+^WDTS^T(95DMS#YRNO1EQG/Y4".6O/BKX6L;V>TFN+CS()&C?;`Q&0<'!
MJ'_A;_A'_GO=?^`S5R'PM\.:;XGFUB_UBRCNU$B[!)GAF+,Q_E7H7_"NO"'_
M`$`;;_Q[_&@#,_X6_P"$?^>]U_X#-5_2OB1X6UBY2VM]2$<TAPB3H8]Q]`3Q
M4G_"NO"'_0!MO_'O\:\_^*WA#0=`TZSO=+@6SFEF\LQ(QPXP3G!/!''3UH`]
MEHK`TS4YK;P!;:I=G,T6G"9]_P#$0F>?K6?\.O%.I^+=*NK[48;>(1S>7&(%
M8`_*"<Y)]10!U]%>32?$KQ=?:WJ%EH6C6U]%:S,HVQ.S!0Q`)PWM4O\`PF7Q
M._Z%%/\`P'?_`.+H`]4K@?&G@:X\3^+],N4"I9K%MNY"><*V0`.Y.2*QIOB%
MX_TV,W&H^$T6W7EF\F10!]<G%=EX,\;V'C&TD:"-K>Z@QYUNYR0#T(/<4`=(
MJA%"J,`#`'I2UQOC#XDZ9X6G-E'$U]?X!,,;86//3<W8^PYKG$\>_$.]0367
MA`>4W*EH)#D?4D4`>JT5Y7_PF7Q._P"A13_P'?\`^+K6\,>)/'>I:]!;:QX?
MCLK%@QEF\EU(P#@`ECU.*`.^HKB/B+XVO_";:?#IL%O--=E]RS*QP!@#&".I
M-87_``F7Q._Z%%/_``'?_P"+H`]4HKRO_A,OB=_T**?^`[__`!=20>+OB;-<
M11-X5BC5W"EVMW`4$XR?GZ"@#IO&7@+3_&`BEEFDM;N`;4GC`.5ZX([C-<M_
MPJ'5U&%\87(4=!M?_P"+J.X\>_$(7,H@\*N80[>66LILE<\9Y]*C_P"$^^(_
M_0J'_P``IO\`&@98_P"%1:Q_T.-S^3__`!=9VN_#[Q%X;TF?6+7Q5<3&T7S'
M7>Z''<@[C^56?^$^^(__`$*A_P#`*;_&JFHWWQ)\:VW]DR:*UE;2D>:3"T*D
M9_B9CG'L*`.\^'/B"[\1^$HKJ^;?<Q2-"\F,;\8P?K@BN;\=^-;O4K__`(1'
MPN3+=3-Y=Q/&<;?5`>WN>U1:K%K?A3PS;^$?#.GWMU=2C-U?Q0,$5FZA6Z9[
M9[#WZ+IWP4M/L43W^JW27;+F40;=H)[`D9/UH`ZGP9X-T[PII!@)BGN[A?\`
M2ICCY_\`9'^R/3O7G^Y_A;\1<J2=&O\`T.0(R?YH?T^M=#_PI72O^@SJ7_?2
M_P"%5-3^"UHNG3O8ZI>37:(3"DQ4JS>AX[]*`/44=9(UD1@R,`58'((]:\C\
M%Q1Z]\6->O9D66!!,-K#((+!`"/H#6]\.=3UN#PW<:9JVEWT,VGQEK9I8&'F
M)CA02.2#Q]"*J?!_1;^P35KW4K*XM9IY$51/&4+`9)//N:!%+Q+X!U/PMJ!\
M1^"Y)$$?S26J\E1WP/XE_P!DUTW@GXB6'BJ,6MQMM-34?-`3Q)ZE"?Y=1795
MY_XV^&D6KR-JVA,++5$.\A3M69AWR/NM[_GZT`8GC/\`XF_QCT;3NJ6_E;A^
M)<_IBK/QNNB;+2=.0_--,\A'T``_]"K/\!Z1XCN_B(-6\06-VDD,+;IYX2H9
M@H0<]"<>E2_%&TUF\\96$]CHUW>P6,2,#'`S(S;BQ&0/84#/5--MA9:9:VH&
M!!"D?Y`"K->6?\+$\>?]"3)_WXF_PI#\0?B!(-L?@MU8]";>4_X4"-7XR?9?
M^$-3S@OG_:4\C/7/.['X9J'3KF73?@69Y20_V&0)GT=B%_1A6-;^"O%WCC5H
MK_Q=(;2SCZ0@@-M[JJC[N>Y/-=1\3;.Y_P"$%&F:38S3[Y8HQ#;QEMJ+ST';
MY10,\]\&Z5X__L7[1X9E2&RGD)Y>,%F'!/S#/:M_^S_C#_S^Q_\`?V'_``KN
M_`^G2:5X,TNTFB:*580TB,,%68EB"/7FMZ@1X$WC#Q]#K']DW6L-9W6_81<K
M'&H/;+%<8/KTKJ=.^&>N:YJ4.H^,M7%TB8(@C?>6'7&<`*/IUKM/%?@W2_%M
MEY5Y'Y=P@_<W*#YT_P`1[&N(T&\\9^!-1_L?4-,O-8TI3^[EMHVD*+ZJ?_93
M^%`SJ_B3=+I_P_U!4`3S$6!`.,;F`Q^6:H_#I!H_PP6];C<DUR?PSC]%%5OB
ML+_5_"EC#I=A>7/GSB1EC@;<JA3]Y<9')'6M'6+&[T[X3-IUG:S370L(X/*B
M0LY9@`W`^IH$<_\`!&V+6FKZBXRTTR)GZ`L?_0A7J5>)>%==\9>$]).G6G@^
MXF1I6E+R6\H8DX'8>PK:_P"%B>//^A)D_P"_$W^%`SU)@"I#8QCG/2O%OAX\
M</Q#URZT]?\`0H8;AU"_=V;QM'Z5=OM2^)OBZ%K"+1SI=O*-LC;3%D=\LQSC
MZ"NT\$>"+;PEI,D#NMQ=W7_'Q*!@$=E'L,GZT".$^$FG0Z]XAU/7M1`N+B%@
MR;^<.Y)+?48P/K7L;':I;!.!G`[UXX_A;QCX`UZ>]\-6YO[*8D;%7?E<Y"LO
M7(]16@/B'X]`Y\$R$_\`7":@9;;QM\0=[;/`[%<G&=V<4[PU\1->U?Q?%H&H
M:+;V;_,9OF;?&`N>GY?G5/\`X6)X\_Z$F3_OQ-_A3?ASIVL7?CO5-?UC2[BR
M::)F42Q,B[F8<+GK@"@#.^*%S<W?Q&TVULK4W<UI%&R6X_Y:-N+X_("MS_A-
MOB%_T(Q_\>KGM:/B2R^*%YK]GX=O+T0RE(=UNY1@$V9!`^M;'_"Q/'G_`$),
MG_?B;_"@"S_PFWQ"_P"A&/\`X]73>$-9\0ZQ'=/KVBC2S&RB)><OG.3SZ<5R
M'_"Q/'G_`$),G_?B;_"M[P=XJ\3ZYJ\MMK/AUM-MD@,@E:.1=S;E`7YN.A)_
M"@1VM%%%`!1110`4444`%%%5[VQMM1M_(NXO,CR&VY(Y'TH8U:^I8HKG/"&F
M6<6GB]2(BX,DJ%R['Y1(0!R?0"H+/4;Z!M6CATNXNX_MDW[U94`'`XP3GBLU
M/1-K<W=#WI1B]OE^IU5%<G,['X9*V6+&S3G=R>G>K^@V4%O<R21Z'-IS;,;Y
M)@^[GIPQH4[M*P2HJ,6V]FU]WS_S-VBBN$TNQGNEMY;+3[B.Y6\9GOS-A"@D
M.X8W9/'&,4Y2Y6E8FE24TVW:QW5&<]*P=2A75?$D.F73-]CCM3<&(,5$S;MO
M..H'I[TVWMH]%\306=B2EK>02.]ON)6-E(PP!Z9SBCGU\A^R5M];7_IG0T5Q
M][YFZ_\`#RRNK7EZAC8$[EBD&YR/IM>IM(N9=2OM+MY&._3H)&N!GK(#Y0S^
M3&I]IK:Q;P]H\U_ZM=??L=517'7]M'=>)]1$NC3ZD$2';Y<P01Y4\<L.M:'B
M:-4T*TB%N[)]I@3R%;#,-P&S.?PZT^?1NVPO8*\5?>W;_/\`R.AHKF_"J;KF
M^GMH)+2RW");:63<RR+G><9.WMQ^-;>HW#VNFW5Q$NYXH6=5]2`2*J,KQN9S
MI\L^1%C(SC/-+7,VOARPNM%CO9I9&O981,;[S2'5B,Y!SP!Z=,5'J-Y-??#Q
M+N<,99HXBX3@O\ZYQ]?ZU/.TKM>9I[%.247UML=516+H-K;023/!HUQIS$`$
MS.&WCVPQK2O\C3[G'7RFZ?0U2=U<RE!*7*OZ_,L4A(`R>*Y>Y=O^$&TU@[;C
M]EYSR?F2K7B6RGN9K.;[$^H6<._SK1'VEB<;6`R`V.>/>IY]-C145>S?5K[O
M\S>I:P[&QTK5M&MC:B>.WCW*@+%70[N0<\@@BMF*-88DB7.U%"C)R<"J3;,I
MQ47;J/HHHJB`HHHH`****`"BBB@`HHHH`****`"BBB@#+\.HL>D*JC`\Z4_^
M1&INEQJL.I@#&Z[E)Y[X%%%9+9'3-^]/U_4H3Q(/AYY0'RBT4`9/M65X,U2_
MO-::*YO)ID$+':[DC.1116,G:<3M@DZ%5ONSNJS/#R+'I"JHP/-E/_C[445T
MOXD>:OX;]5^I0\:H(=%;48BT=W:<PS(Q#)GKTZ@^AXJMX"9K_3&U:[9IKV4^
M6\SL2=HZ`=@/I116+_C_`".U?[DWYV^1HW%K"WC*SN#&#*MI(`V?<?XG\Z-&
MM88-:UJ2.,*\DZ%CZ_+G^9-%%7;WOG^A@V^3_MU?F<OXLO;JP\27!M+F6`RQ
MIO\`+<C=@<5T4I-SX>TF29C([36[EB>2<CFBBL8OWI([*J2I4GU_X!8M(UA\
M57RQC:LUO'(X!X+9(SCUP!6N0""",@]J**Z(=3SJNZ]%^1YK=/)#XS7P[%-*
MFE2.`UJLC!<'DCKD#V!Q7:Z_!$-!>$(!&K1@*.``'7%%%84]IGH8C25'T3^?
M<UJ0@$$$9!ZBBBNH\H\_TC,GCJ71G=VT^R8R6]N7)5&'(/OCL#P*O_$._N],
MM+2ZLKF6"7>4)1R`0>N1T-%%<6U*3\SVK)XNFGU2_(Z+0[>*VT6U2)=H,8<\
BDDLW)))ZDDFM"BBNN.R/(J.\W<****H@****`"BBB@#_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
