Rooster Energy PRBEQ

RE:RE:RE:The deadline is around the corner

[Sheperd]

I do understand the same as Westcoast, MArch 14 release : Upon closing of the first amendment, the company terminated all existing commodity derivative or swap agreements and will apply the proceeds of $4-million (U.S.) to reduce the principal balance of the notes, with the rest to be used for general corporate purposes. they had to get the waiver, beacause they sold the hedge when oil was at the lowest, and they did make some millions $ doing it... on june 30, they did also had a ''b'' situation and 18 days later they published a news release saying they got a new waiver... until dec 31.
I'm pretty optimistic about getting a new agreement... Robert Murphy said when oil was at 34$  : While the outlook for the near term remains challenging, our backlog of contracted decommissioning work for 2016 and 2017 continues to provide a beneficial source of revenue to the company. Additionally, new business opportunities continue to arise and our unique cradle-to-grave strategy positions the company to benefit from such opportunities." IMHO we will have good news in mid january...