Fir Tree Partners Calls on Jones Energy to Pursue Value-Maximizing Strategic Alternatives

NEW YORK, Sept. 18, 2017

"We agree that Jones management and board need to pursue strategic alternatives, including selling certain or all of its assets, exploring potential DrillCo options or alternative financings and/or merging with another company that has a strong balance sheet and available development capital," said David Proman, Managing Director at Fir Tree.

"Now is the opportune time for the Company to retain advisors and formally pursue a strategic process in order to create significant value for stockholders. If not, Fir Tree intends to support a plan to elect a new slate of directors at the upcoming annual meeting," said Evan Lederman, Managing Director at Fir Tree.

About Fir Tree Partners
Fir Tree Partners, founded in 1994 and located in New York City (HQ) and Miami, is a value-oriented investment manager that manages private investment funds for endowments, charitable and philanthropic foundations, pension funds and other institutional and private investors. Fir Tree manages approximately $9.4 billion, invested worldwide in public and private companies across a wide variety of sectors and securities.

For More Information Contact:
Scott Tagliarino or Taylor Ingraham
ASC Advisors LLC
(203) 992-1230

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SOURCE Fir Tree Partners