Ellora Energy (LORA) Sees New IPO Price of $17-$19

June 23, 2008 10:59 AM EDT

Ellora Energy (Nasdaq: LORA) has filed an amended registration statement with the SEC for an initial public offering of its common stock. The Company is offering 11,373,189 shares and expects the new offering price to be between $17-$19 per share. The Company plans to list on the NASDAQ under the symbol "LORA".

The offering is being made through Merrill Lynch, Raymond James, KeyBanc, Tudor, Pickering, Holt & Co. Howard Weil Inc., Tristone Capital and Thomas Weisel Partners.

Ellora Energy is an independent oil and gas company engaged in the acquisition, exploration, development and production of onshore domestic U.S. oil and gas properties. The company primarily operates in two areas: east Texas and adjacent lands in western Louisiana.

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