Saratoga Resources, Inc. (NYSE MKT: SARA, the “Company”) is set to join
the broad-market Russell 3000® Index when Russell Investments
reconstitutes its comprehensive set of U.S. and global equity indexes on
June 25, 2012 according to a preliminary list of additions posted June 8th
Annual reconstitution of Russell’s U.S. indexes captures the 4,000
largest U.S. stocks as of the end of May, ranking them by total market
capitalization. Membership in the Russell 3000, which remains in place
for one year, means automatic inclusion in the small-cap Russell 2000®
index as well as the appropriate growth and value style indexes. Russell
determines membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.
The Russell 3000 also serves as the U.S. component to the Russell Global
Index, which Russell lunched in 2007.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as a benchmark for both passive and active
investment strategies. In the institutional marketplace, an industry
leading $3.9 trillion in assets currently are benchmarked to them.
Russell calculates more than 80,000 benchmarks daily covering
approximately 98% of the investable market globally, 83 countries and
more 10,000 securities. These investment tools originated from Russell’s
multi-manager investment business in the early 1980s when the company
saw the need for a more objective, market driven set of benchmarks in
order to evaluate outside investment managers.
Total returns data for the Russell 3000 and other Russell Indexes is
available at www.russell.com/indexes/data/us_equity/Russell.us.index.returns.asp.
Mr. Thomas Cooke, CEO and Chairman of Saratoga Resources, Inc., said,
“We are pleased with the news that Saratoga Resources has been
preliminarily identified by Russell as being qualified for inclusion on
the prestigious Russell 3000® index and the small-cap Russell 2000®.
This news validates our growth strategy and represents yet another
milestone as we continue to build a world class oil and gas company.”
Russell Investments (Russell) is a global asset manager and one of only
a few firms that offers actively managed, multi-asset portfolios and
services that include advice, investments and implementations. Working
with institutional investors, financial advisors and individuals,
Russell’s core capabilities extend across capital markets insights,
manager research, Indexes, portfolio implementation and portfolio
construction. Russell has approximately $155 billion in assets under
management (as of 3/31/2012) and works with 2,400 institutional clients,
more than 580 independent distribution partners and advisors and
individual investors globally. Founded in 1936, Russell is a subsidiary
of The Northwestern Mutual Life Insurance Company.
About Saratoga Resources, Inc.
Saratoga Resources, Inc. is an independent exploration and production
company with offices in Houston, Texas and Covington, Louisiana.
Principal holdings cover 32,185 gross/net acres, mostly
held-by-production, currently located in the transitional coastline and
protected in-bay environment on parish and state leases of south
Louisiana. For more information, go to our website at www.saratogaresources.com
and sign up for regular updates by clicking on the Updates button.
Saratoga Resources, Inc.Brad Holmes, 713-654-4009Investor
RelationsorThomas Cooke, 713-458-1560CEOorAndrew
C. Clifford, 713-458-1560PresidentorMichael O.
Source: Saratoga Resources, Inc.