Lonestar Resources US Inc.

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Ademi LLP is investigating Lonestar (OTCQX: LONE) for possible breaches of fiduciary duty and other violations of law in its transaction with Penn Virginia.

Ademi LLP alleges Lonestar’s financial outlook is excellent and yet Lonestar shareholders will receive only 0.51 shares of common stock of Penn Virginia for each share of common stock of Lonestar outstanding. The merger agreement unreasonably limits competing bids for Lonestar by prohibiting solicitation of further bids, and imposing a termination penalty if Lonestar accepts a superior bid. Lonestar insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Lonestar’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Lonestar.