Replies to post #3937 on Far East Energy Corp. (fka FEECQ)

[Garyst]

Agree. Crazy stuff seeing these low of prices and no buyers.

[runncoach]

License to the asset expires in a week and cash is ZERO. Debt remains however at 125+ million dollars.

[integral]

That was at $90 oil, before Jennifer had a chance to legally impair the assets.

With $140 million in liabilities, where are the $100M yet to be impaired assets again?

And with the voluntary BK and a takeover by the court, who is accessing the cash? Trustees? Lawyers?

They will cancel the equity and sell off the assets to pay the creditors. With $46 oil, nobody wants to run an insolvent oil and gas company with assets that cannot be quantified in a down market.