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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 > the deadline for the financing is very close
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Comment by westcoast1000on Jun 22, 2016 12:14pm
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Post# 24987583

RE:RE:RE:RE:the deadline for the financing is very close

RE:RE:RE:RE:the deadline for the financing is very closeNothing that we have been informed about. They wrote down the value of reserves due to low prices. Higher prices will ultimately lead to re-recognizing those reserves on the books. That will help. Clearly decom work and oil prices are what determine cash flow.

The one thing they have not told us about (that we know of) is the outcome of trying to bring the recently redrilled well into production. 
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