Following some info from some boards it seems that they are thinking of selling some assets:
From the transcript of the last CC. Ching answering question of an analyst.
"So we are working hard to and I believe that we are potentially close to a deal on our exploratory properties in South Texas which is mainly look at Eagle Ford Shale and then in Chalk, and we have a party that is very interested and we're close to it to deal and actually sell that down. We have been working on our... to sell down our East Texas, Chalk and again we're working in that direction with a party.
On our main assets as far as selling properties, our main producing assets, we've not lead, we look at the alternatives but we've not come to a conclusion. Yes, we've to do that and I think that depends on the discussions that we're having with the banks. And whether or not we end up having to go in that direction, it is not a preferred direction we would hope that we can work through the borrowing base redetermination with banks and with potentially other kinds of structures, our ability to maintain those properties and keep those in the company and of course as prices improve and for better day."
I don't know if this could help!
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