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Quicksilver Resources Inc. Commences Consent Solicitation With Respect to Its 1.875% Convertible Subordinated Debentures Due 2024
Wednesday, July 22, 2009 3:19 PM


FORT WORTH, TX -- (Marketwire) -- 07/22/09 -- Quicksilver Resources Inc. (NYSE: KWK) announced today the launch of its consent solicitation seeking to amend the definition of "Designated Subsidiary" contained in the indenture governing its 1.875% Convertible Subordinated Debentures Due 2024 in order to provide Quicksilver with greater strategic and operational flexibility, including greater flexibility to grow and expand the operations of Quicksilver Gas Services Holdings LLC, Quicksilver Gas Services LP, its general partner, Quicksilver Gas Services GP LLC, and its subsidiaries.

The terms of the consent solicitation are as follows. Quicksilver is offering a consent fee of $5.00 per $1,000 principal amount of the 1.875% Convertible Subordinated Debentures Due 2024, to holders of record at the close of business on July 21, 2009 that validly provide their consent to the proposed amendment by the expiration time of 5:00 P.M., New York City time on July 31, 2009, unless extended. Quicksilver's obligation to accept consents and pay a consent fee to consenting holders is subject to numerous conditions as set forth in the consent solicitation statement. No default or event of default currently exists under the 1.875% Convertible Subordinated Debentures Due 2024.

Holders of the 1.875% Convertible Subordinated Debentures Due 2024 are urged to read and carefully consider the information contained in the consent solicitation statement.

BofA Merrill Lynch is acting as the sole solicitation agent for the consent solicitation. Global Bondholder Services is acting as tabulation and information agent for the consent solicitation.

Questions concerning the terms of this solicitation should be directed to BofA Merrill Lynch at (888) 292-0070 (toll free) or (980) 388-4603 (collect). Requests for assistance in completing the consent form or requests for additional copies of the consent solicitation statement, the consent form or other related documents may be directed to Global Bondholder Services Corporation at 866-294-2200 (toll free), Banks and Brokers Call: 212-430-3774.

The identification numbers for the 1.875% Convertible Subordinated Debentures Due 2024 are as follows -- CUSIP No. 74837RAB0, 74837RAA2 and ISIN No. US74837RAB06, US74837RAA23.

Under no circumstances should any holder tender or deliver any debentures to Quicksilver, the trustee, the solicitation agent or the tabulation and information agent at any time.

This press release is for information purposes only and is not being made in any jurisdiction in which the making of this announcement would violate the laws of such jurisdiction.

About Quicksilver Resources

Fort Worth, Texas-based Quicksilver Resources is a natural gas and crude oil exploration and production company engaged in the development and acquisition of long-lived, unconventional natural gas reserves, including coalbed methane, shale gas, and tight sands gas in North America. The company has U.S. offices in Fort Worth, Texas; Glen Rose, Texas and Cut Bank, Montana. Quicksilver's Canadian subsidiary, Quicksilver Resources Canada Inc., is headquartered in Calgary, Alberta. For more information about Quicksilver Resources, visit www.qrinc.com.

Investor & Media Contact:
Quicksilver Resources Inc.
Rick Buterbaugh
(817) 665-4835

(Source: Market Wire )


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