Excelerate Energy Inc T.EE.DB

Primary Symbol: EE

Utilities Utilities - Regulated Gas

Excelerate Energy, Inc. is a liquefied natural gas (LNG) company. The Company offers a full range of flexible regasification services from floating storage and regasification units (FSRUs) to infrastructure development, to LNG and natural gas supply. The Company operates a fleet of ten purpose-built FSRUs, have completed more than 2,700 ship-to-ship (STS) transfers of LNG with over 50 LNG operators and delivered more than 6,600 billion cubic feet of natural gas through 16 LNG regasification terminals. In addition to standard LNG carrier functionality, its purpose-built FSRUs have the onboard capability to vaporize LNG and deliver natural gas through specially designed offshore and near-shore receiving facilities. Its business spans the globe, with regional offices in approximately 10 countries and operations in the Argentina, Bangladesh, Brazil, Finland, Pakistan, the United Arab Emirates (UAE), and the United States.

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Excelerate Energy Inc > now listed for sale by sayer advisors

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Post by uogradon Jan 22, 2015 11:35am

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Post# 23351390

now listed for sale by sayer advisors

Looks like current producition is about 300 bopd of oil and some gas. 2-3 wells need to be fixed but there is no cash.

owe atb 34.8 million

working capital deficeincy is 1.1 million

debenture 23 milllion

They are looking for bids by feb 12th which is probably part of the forebearance plan with ATB.

Reserve report is a year old. maybe no one told them the price of oil has dropped since then.

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