Ultra Petroleum Corp. (Amex: UPL) today
reported that it has filed an application to list its common stock on the New
York Stock Exchange under the symbol "UPL". Pending approval of the
application, it is expected that the first day of trading on the New York
Stock Exchange will be August 3, 2007. The last day of trading of Ultra
Petroleum's common stock on AMEX is expected to be August 2, 2007.
"We believe the move will benefit our shareholders through increased
visibility and decreased volatility," stated Michael D. Watford, Chairman,
President and Chief Executive Officer. "We join the ranks of many other mid
and large-cap oil and gas companies currently trading on the NYSE with this
move. We have had a successful history with our specialists and the American
Stock Exchange and are looking forward to our new relationship with the NYSE."
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About Ultra Petroleum
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Ultra Petroleum is an independent, exploration and production company
focused on its core properties in the Green River Basin of southwestern
Wyoming: the Pinedale and Jonah Fields. The company produces oil in the
shallow waters of Bohai Bay, China and is in the early exploration stages in
the Appalachian Basin in Pennsylvania. Ultra Petroleum is listed on the
American Stock Exchange under the symbol "UPL" with 152,167,702 shares
outstanding as of June 30, 2007.
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This release can be found at http://www.ultrapetroleum.com
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This news release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. The opinions,
forecasts, projections or other statements, other than statements of
historical fact, are forward-looking statements. Although the Company believes
that the expectations reflected in such forward-looking statements are
reasonable, we can give no assurance that such expectations will prove to have
been correct. Certain risks and uncertainties inherent in the Company's
businesses are set forth in our filings with the SEC, particularly in the
section entitled "Risk Factors" included in our Annual Report on Form 10-K for
our most recent fiscal year and from time to time in other filings made by us
with the SEC.
For further information: Kelly L. Whitley, Manager, Investor Relations
of Ultra Petroleum Corp., +1-281-876-0120, ext. 302, info@ultrapetroleum.com
Web Site: http://www.ultrapetroleum.com
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