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Bullboard - Stock Discussion Forum 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 Discussion

Rooster Energy > Any improvement?
View:
Post by Olive777oil on Jun 08, 2016 7:50pm

Any improvement?

The company has been trying to renegociate the loan for its big debt since the beginning of this year. More than 5 months later where are they, any improvement? The management of the company must know exactly where the company is going now and we don't. It is unfair.
Comment by Burnerman on Jun 08, 2016 9:45pm
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 ...more  
Rooster Energy
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