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LouisDesyjr

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LouisDesyjr

Re: kpisme post# 768

Wednesday, 03/23/2016 9:04:24 AM

Wednesday, March 23, 2016 9:04:24 AM

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They just filed BK on March 23, 2016

Emerald Oil, Inc. Announces Fast Track Restructuring and Files Voluntary Chapter 11 to Implement 363 Sale:
March 23, 2016
http://ir.emeraldoil.com/company-news/detail/1001

They just filed for Chapter 11. They got 20 million DIP financing.

It looks like the equity is wiped out. The petition lists, with a check box, assets of $10 million to $50 million while liabilities are listed at over $100 million.\

Link to filing petition:
https://dr201.s3.amazonaws.com/emerald/VoluntaryPetitions/16-10704.pdf

Link to case information:
https://www.donlinrecano.com/Clients/emerald/VoluntaryPetitions

Louis J. Desy Jr.
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