Approach Resources Inc (fka AREXQ)

[Jeremias]

Ive been wondering if the extra time is to sell the rest of the assets. There probably isn't much left but initially the assets were listed at $1.7 billion. Substantially all of the assets were fire sold for $115 million.

I think willmington trust is secured and the are still owed $87 million. I doubt the $100 million to JP Morgan satisfies there $335 mil obligation, just a protection payment.

If there was $37 million left then we still might have a chance if willmington settles for 25% which would leave about $15 million or $0.16/share.

If they sell remaining assets then the pie gets larger though....