Replies to post #30 on Frontera Energy Corp (FECCF)

[Timothy Smith]

Pacific Exploration & Production (OTCPK:PEGFF -7.5%) says it reached a forbearance agreement with certain noteholders, giving it more time to achieve a restructuring of its balance sheet.

The deal follows the company's decision last month not to make scheduled interest payments due on the notes and to seek restructuring alternatives.

The agreement is with holders of ~40% of its $4.1B in 5.375% senior notes due 2019 and of its 5.625% senior notes due 2025.