Bonanza Creek

[dan_s]

Bonanza Creek is one of our Small-Cap Growth Portfolio stocks. BCEI has less than 40 million shares outstanding, so this is a big deal. Note that it is not dilutive since it is not a sale of new shares by the company. - dan

DENVER, January 28, 2013 - Bonanza Creek Energy, Inc. (BCEI) (the "Company") today announced that it has commenced a public offering of 10,000,000 shares of its common stock, which are being offered by Project Black Bear, LP, the selling stockholder (the "Selling Stockholder") pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on January 15, 2013. The Selling Stockholder will grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares. The Company will not receive any of the proceeds from the common stock sold by the Selling Stockholder.

Credit Suisse and Raymond James will act as joint book-running managers for the offering, KeyBanc Capital Markets, BMO Capital Markets and Scotiabank / Howard Weil will serve as senior co-managers for the offering, and Stifel Nicolaus Weisel, Wunderlich Securities, Societe Generale, SunTrust Robinson Humphrey, C.K. Cooper & Company, Miller Tabak, KLR Group and IBERIA Capital Partners L.L.C. will serve as co-managers for the offering.

An investor may obtain a free copy of the prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov. When available, a copy of the prospectus supplement and accompanying base prospectus relating to the offering also may be obtained from: