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Prospect News home > News index > List of issuers B > Headlines for Baseline Oil & Gas Corp. > News item
Published on 12/31/2008 in the Prospect News Special Situations Daily.

Baseline Oil & Gas shareholder Third Point sells 17.5 million shares

By Lisa Kerner

Charlotte, N.C., Dec. 31 - Baseline Oil & Gas Corp. investors led by Third Point LLC sold a total of 17.5 million shares of the company's stock on Dec. 30 in privately negotiated transactions at a price of $0.01 per share, according to a schedule 13D/A filed with the Securities and Exchange Commission.

Third Point beneficially owns 88,321,348 shares, or 58.3%, of the San Antonio-based independent oil and gas exploration and development company.


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