New article out today from Yahoo news link http://www.bizjournals.com/houston/blog/drilling-down/2015/03/merged-houston-energy-company-to-fight-default.html?ana=yahoo Sabine has had issues dating back to last year with its complicated, rejiggered merger with Colorado-based Forest Oil Corp. It ended up being a merger with Forest acquiring Sabine, but with Sabine investors maintaining control. The company changed its name to Sabine and chose its headquarters in Houston. Shortly after the merger was adjusted, the Sabine CFO resigned, although the company said the two matters were unrelated. lots more info thereJordan BlumReporter- Houston Business Journal Email | Twitter The newly merged Houston-based Sabine Oil & Gas Corp. (OTCQB:SOGC) is facing default claims after recently being delisted from the New York Stock Exchange. The company is not filing its annual report on time — although it says it plans to do so by March 31 — and has hired financial advisor Lazard Ltd. (NYSE: LAZ) and legal advisors Kirkland & Ellis LLP to help "explore strategic alternatives" related to its capital structure. The company did not mention whether a Chapter 11 bankruptcy filing is part of the consideration. Got Energy? Sign up for our Energy Inc. newsletter here Sabine has had issues dating back to last year with its complicated, rejiggered merger with Colorado-based Forest Oil Corp. It ended up being a merger with Forest acquiring Sabine, but with Sabine investors maintaining control. The company changed its name to Sabine and chose its headquarters in Houston. Shortly after the merger was adjusted, the Sabine CFO resigned, although the company said the two matters were unrelated. Sabine has been a portfolio company of the private equity firm First Reserve Corp. Forest bondholders claimed in court they were shorted $584 million when First Reserve structured the merger. Amid the ongoing oil crash, Sabine's stock dipped sharply and the company was delisted. Now, Sabine is considering alternatives. Sabine is focused on oil and gas shale plays in Cotton Valley Sand and Haynesville Shale in East Texas and northern Louisiana, the Eagle Ford Shale in southern Texas and the Granite Wash in the Texas Panhandle.