Emerald Oil, Inc. (EOXLQ)

[kpisme]

Emerald Oil files for Chapter 11 bankruptcy
Mar 23 2016, 07:40 ET | About: Emerald Oil, Inc. (EOX) | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip

Emerald Oil (NYSEMKT:EOX) files for Chapter 11 bankruptcy protection, the latest of more than 50 oil and gas companies that have sought bankruptcy protection since the beginning of 2015.EOX says it has obtained $20M in post-petition debtor in possession financing, which, subject to bankruptcy court approval, will provide it with liquidity to maintain its operations during the Chapter 11 process.EOX lists assets of $405M and debts of $361M.

source http://seekingalpha.com/news/3169132-emerald-oil-files-chapter-11-bankruptcy#email_link