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"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."

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Rooster Energy > One week to go

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Post by Burnerman on Mar 17, 2017 7:24am

One week to go

Still no news yet but there is still one week to go. Even if they were able to acquire financing I personally think we won't see any news until after the 24th of March. That way they would have to pay the note holders the extra money. They are excellent at finding ways to bleed cash. Maybe they should ask the company that just financed EGL for a loan. Hope is all we have left now. GLTA

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Comment by Papagallo on Mar 17, 2017 7:51am

If they cannot or will not reach a resolution on the debt and elect to force the company into bankruptcy then minority shareholders have every right to proceed with a class action against MORRISON ENERGY GROUP, CHET MORRISON CONTRACTORS, CHESTER MORRISON, and bring maximum exposure to this matter. Recall March of 2015 that the company managed to increase their debt in a lower oil price ...more

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