Replies to post #957 on Delta Petroleum (fka DPTRQ)

[56Chevy]

left something important off my last post - the link

http://www.bloomberg.com/news/2011-12-16/delta-petroleum-files-for-chapter-11-bankruptcy-protection-1-.html

The case is In re Delta Petroleum Corp., 11-14006, U.S. Bankruptcy Court, District of Delaware (Wilmington).

[56Chevy]

as of Dec. 16, 2011

Delta owes its 30 largest unsecured creditors about $275.4 million, according to court papers. U.S. Bank NA is the biggest creditor, as the indenture trustee for two groups of noteholders with debt totaling $267.7 million.

The company owes $152.2 million on 7 percent notes due in 2015 and $115.5 million on 3.75 percent notes due in 2037, according to court documents. The 7 percent notes traded at 90.4 cents on the dollar as of yesterday, and the 3.75 percent notes traded at 70 cents on the dollar as of Dec. 14, according to Trace, the bond-price reporting system of the Financial Industry Regulation Authority.

One big key to this BK are the Notes and Noteholders. Who, what, where, when and why. Has the story changed?? dunno but want to find out.