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Rooster Energy PRBEQ

"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

Post by westcoast1000on Mar 24, 2017 2:10pm
122 Views
Post# 26027396

strange but good

strange but goodOn the final day before some resolution (or at least announcement) on the debt restructure, the share price goes up and 2.8 million shares trade hands. That amounts to perhaps 10% of the total shares in free circulaation. Someone is confident the company will be continuing business.

If we do the restructure, we will not necessarily be more in debt. The fee for decom work from last year should be in hand now or soon, that could reduce the debt by one third.
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