Replies to post #2299 on Saratoga Resources, Inc. (fka SARA)

[Garyst]

Not sure on that but from their PR upon discharge:

Thomas Cooke , Chairman and CEO of Saratoga, stated, Like many in our industry, we have been greatly challenged over the past almost two years given the steep and long lasting decline in energy prices and our prior debt load. Free of debt, we are now focused on evaluating opportunities across the oil and gas market. We plan to evaluate opportunistic acquisitions of assets in a target rich environment of distressed operators. We also plan to take a fresh look at our legacy assets, excluded from Section 363 auction undertaken during our bankruptcy and retained following exit from bankruptcy, to evaluate upside potential and potential restoration or establishment of production.