DENVER, CO--(Marketwired - Dec 23, 2016) - Resolute Energy Corporation (NYSE: REN) (the "Company" or "Resolute") today
announced that it has closed its previously announced underwritten public offering of 4,370,000 shares of its common stock (the
"common stock"), which includes the full exercise by the underwriters of their option to purchase an additional 570,000 shares of
common stock. The net proceeds from the offering, including as a result of the option exercise, after deducting fees and
estimated expenses, were approximately $160.8 million. The Company intends to use the net proceeds from the offering to
repay the Company's second lien secured term loan, with any additional proceeds to be used to repay a portion of the borrowings
outstanding under the Company's revolving credit facility.
The common stock was offered pursuant to a prospectus supplement and an accompanying prospectus filed as part of an effective
shelf registration statement filed with the Securities and Exchange Commission on Form S-3.
BMO Capital Markets and Goldman, Sachs & Co. acted as joint book-running managers for the common stock offering. The
prospectus supplement and accompanying prospectus relating to the offering may be obtained by sending a request to: BMO Capital
Markets Corp., Attention: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, New York 10036, or by telephone:
(800) 414-3627 or by email: bmoprospectus@bmo.com, or Goldman, Sachs &
Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by telephone: (866) 471-2625, or by
facsimile: (212) 902-9316 or by email: prospectus-ny@ny.email.gs.com.
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
these securities in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful
prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Resolute Energy Corporation
Resolute is an independent oil and gas company focused on the acquisition, exploration, exploitation and development of oil
and gas properties, with a particular emphasis on liquids focused, long-lived onshore U.S. opportunities. Resolute's properties
are located in the Paradox Basin in Utah and the Permian Basin in Texas and New Mexico.
Cautionary Statements
The statements in this press release relating to the use of proceeds from the offering are "forward-looking statements" within
the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Resolute
undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances
occurring after the date of this press release. You are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety
by this cautionary statement.