Eagle Energy Inc EGRGF

Can't they cover the 36M$ debt

[alxoren]

I do not understand. EGL owes 36M  after buying 1/2 of Dixonville for 100M$ (by all means a bad deal).
They still have drilling ops in Texas.  Even if they sell Dixonville field,  they are out of the debt while having other drilling in US,  so why are theyc bancrupt ?   This company woth much more than 0$ /share

[Pookie16]

Held the shares from almost the beginning. Book value even at the end was $1. I sent a message to the CEO but he does not reply. Liquidating you think there should be something left over for the shareholders. Theyseemed to stay conservative on their valuation and the book value seemed realistic. At even 20 cents on the dellar, you would think this thing would have value. Anyone have ideas as to

[downtozero]

I also bought near the beginning, and many shares after that. There's no updates from FTI Consulting. It would be good to know their progress and if we can expect any returns (and when). About 80 cents per share would make me whole.