EXPM:EGRGF - Post by User
Post by
alxorenon Dec 28, 2019 1:16pm
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Post# 30496991
Can't they cover the 36M$ debt
Can't they cover the 36M$ debtI do not understand. EGL owes 36M after buying 1/2 of Dixonville for 100M$ (by all means a bad deal).
They still have drilling ops in Texas. Even if they sell Dixonville field, they are out of the debt while having other drilling in US, so why are theyc bancrupt ? This company woth much more than 0$ /share