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Rooster Energy PRBEQ

Energy
"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."


GREY:PRBEQ - Post by User

Rooster Energy > Any improvement?
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Comment by Burnermanon Jun 08, 2016 9:45pm
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Post# 24948985

RE:Any improvement?

RE:Any improvement?I just read the latest report again. It states the finance restructuring has to be resolved on or before the end of June or the company will be in default. This is very important news and I would think that they would be required to give us an update regarding this situation. Oil is now $51 a barrel and the last time it was $51 was a year ago. Rooster didn't appear to have a problem with financing then so they should be able to come up with a resolution by the end of June. We should find out one way or another soon.       GLTA
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