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Recovery Energy announces delay in filing Form 10-K

Recovery Energy, announced a delay in the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2012. The delay was precipitated by the company's completion of negotiations with its lenders that among other things, achieved a reduction of its blended interest rate to 9.2% from 12.1%, and the receipt of a funding commitment that will affect its 2013 development program. In a Notification of Late Filing on Form 12b-25 filed on April 1, the company anticipated filing its annual report on Form 10-K no later than fifteen calendar days following the prescribed due date. Although the company will not be able to file its annual report as scheduled, it anticipates filing no later than April 19.