QUANTUMONLINE.COM SECURITY DESCRIPTION:  Sandridge Energy, 7.00% Convertible Perpetual Preferred Stock, liquidation preference $100 per share, not redeemable at the issuer's option at any time, and with no stated maturity. Cumulative distributions of 7.00% per annum ($7.00 per annum or $3.50 per quarter) will be paid semiannually on 5/15 & 11/15 in cash or stock to holders of record on the record date that will be 5/1 & 11/1 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The preferred shares are convertible any time at the holder's option into 12.879 (calulated) common shares of SandRidge Energy Inc. (NYSE: SD), an initial conversion price of $7.7645 per common share. On or after 11/20/2015, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. If a Holder elects to convert their shares of Preferred Stock upon the occurrence of a Fundamental Change that occurs prior to November 20, 2015, the Company is required to deliver to such Holder shares of Common Stock per the conversion and Make-Whole provisions of the prospectus (see the prospectus for details). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	7.00% $7	$100.00 $100.00	11/20/2015 None	NF NR 12/17/2015	12.879 $7.7645	Suspended! 5/15 & 11/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Notes:  September 28, 2015 -- SandRidge Energy, Inc. today announced that its Board of Directors has decided to suspend payment of the $3.50 per share semi-annual dividend on shares of its 7.0% Convertible Perpetual Preferred Stock. James Bennett, President and CEO, commented “Preservation of liquidity and prudent capital allocation are key issues for SandRidge in the current environment. In prior periods, we had chosen to PIK the dividend on our preferred stock, paying in common shares rather than in cash. Given the low recent SD share price, paying the dividend in shares would subject our equity holders to significant dilution. So we have chosen to suspend the dividend as we proactively protect and improve our balance sheet while supporting long term enterprise value.” The Company has 3,000,000 shares of 7.0% Convertible Perpetual Preferred Stock outstanding and will continue to re-evaluate the dividend payment policy on a semi-annual basis.

Company's Online Information Links

HOME PAGE:     http://www.sandridgeenergy.com/
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Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Company's Email Address Links

Email Address

investors@sandridgeenergy.com

Address and Phone Numbers

Address:   123 Robert S. Kerr Avenue, Oklahoma City, OK 73102
Main Phone Number	405-429-5500
Fax Number	405-429-5977
Investor Contact   Kevin R. White	405-429-5515
Toll Free Phone Number	Unknown

CEO - Tom L. Ward

CFO - James D. Bennett