Post by
bambus on Jul 30, 2015 10:06am
thing to wait for here?
Is there anything we are waiting for here or is this done and no point of even checking back... ? How long usually receivership takes to cut up and sell a company? Looking at all the debt STP has....wow, that's a lot of money...
Comment by
monzie on Aug 03, 2015 4:49pm
Well considering the company has essentially been up for sale since 2013 with no results who knows how long it'll take. McKay is in hibernation until oil prices go up so maybe the receivers are waiting for that scenario too or they're still finalizing that offer they mentioned receiving during the bidding period and it could be any day now.
Comment by
bambus on Aug 04, 2015 9:49am
thanks monzie.. so is the company actually still running accept McKay plant?
Comment by
bambus on Aug 04, 2015 3:41pm
sorry... except McKay plant... typo
Comment by
monzie on Aug 05, 2015 2:37pm
As far as I know Senlac is still operating, but who knows how low the monthly production numbers are since they haven't drilled any new phase wells in a long while. But this plan was stated by the company prior to receivership so I'm not sure if PwC has decided to continue with that plan or not.
Comment by
wdr2 on Aug 06, 2015 10:05am
Of course the company is in hibernation. What else would a couple of lawyers and accountants do other than to sit around and figure out how to "legally" dip into the cash in the can.How are you green voters feeling now.Betrayed Hmmm I think so. wdr2
Comment by
bambus on Aug 17, 2015 10:12pm
The entire company ? Wdr2