Continental Resources Inc. - 2011-03-28

Completed the sale of 910,000 shares of its common stock. The sale was made in connection with the underwriters' partial exercise of the over-allotment option granted by the company in connection with the previously announced public offering by it and certain selling shareholders of 10 million shares of Continental Resources common stock.

On March 3, Continental announced it had received net proceeds of approximately $600.2 million from the issuance and sale of 9.17 million shares of the company's common stock to the public at a price of $68 per share ($65.45 per share, net of underwriting discount). Continental received additional net proceeds of approximately $59.5 million from the partial exercise of the over-allotment option.

Continental has used a portion of the total net proceeds from the offering to pay debt, and expects to use the remaining net proceeds to accelerate its multi-year drilling program by funding its increased 2011 capital budget.