Sabine Oil and Gas Corp fka SOGCQ

[DocLevi]

Okay just saw table of 122 been traveling ... 122 ?@end 2014 so they are dumping... and debt statement contradiction 2018 vs 2016 if 2016 then they lied because oil prices could be 150/bbl and they still couldn't pay in time. This needs to be haulted / freezed for false statement concerning its ... I'll take par value...

Ability to Continue as a Going Concern

We have significant pending maturities on our debt obligations. If we are unable to refinance our 2017 Notes to mature at least 91 days after December 31, 2018, our Term Loan Facility in an outstanding amount of $700 million will mature on November 16, 2016. Our New Revolving Credit Facility, which currently has $971 million of debt outstanding, will mature on April 7, 2016. Our ability to repay the principal amount of our debt upon the pending maturities has been negatively impacted by significant decreases in the market price for oil, natural gas, and NGLs during the fourth quarter of 2014 with continued weakness into the first quarter of 2015. Additionally, our borrowing base under our New Revolving Credit Facility is subject to its next semi-annual redetermination in April 2015. Based on discussions with the lenders under our New Revolving Credit Facility, we believe that our borrowing base may be decreased significantly. Because our New Revolving Credit Facility is fully drawn, any decrease in our borrowing base as a result of the redetermination will result in a deficiency which must be repaid within 30 days or in six monthly installments thereafter, at our election. The uncertainty associated with our ability to repay our outstanding debt obligations as they become due raises substantial doubt about our ability to continue as a going concern.