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NYSE MKT OTFC (GDP.A)

GDP.A on American Stock Exchange

12.16USD
26 May 2017
Change (% chg)

$0.18 (+1.50%)
Prev Close
$11.98
Open
$12.25
Day's High
$12.25
Day's Low
$11.79
Volume
1,362
Avg. Vol
--
52-wk High
$17.25
52-wk Low
$11.31

Latest Key Developments (Source: Significant Developments)

Goodrich Petroleum reports qtrly net loss of $0.63 per basic share
Tuesday, 9 May 2017 06:00am EDT 

May 9 (Reuters) - Goodrich Petroleum Corp : :Goodrich Petroleum announces first quarter 2017 financial results and operational update.Q1 revenue $9.4 million.Goodrich Petroleum - production for quarter totaled 2.3 bcfe, with average daily production of approximately 26,000 mcfe per day (79pct natural gas).Capital expenditure budget for 2017 is expected to range between $40 million - 50 million..Qtrly net loss of $0.63 per basic share.  Full Article

Goodrich Petroleum files for mixed shelf of up to $250 mln - SEC Filing
Thursday, 4 May 2017 05:28pm EDT 

May 4 (Reuters) - Goodrich Petroleum Corp :Files for mixed shelf of up to $250 million - SEC Filing.  Full Article

Goodrich Petroleum announces emergence from bankruptcy
Wednesday, 12 Oct 2016 06:04pm EDT 

Goodrich Petroleum Corp : Goodrich Petroleum announces emergence from bankruptcy . Co has $20 million in cash from new capital to fund initial development of its Haynesville Shale Drilling Program . Goodrich Petroleum - Board will be comprised of new directors Ronald F. Coleman, Eugene I. Davis, K. Adam Leight, Timothy D. Leuliette,Thomas Souers .Goodrich Petroleum -In conjunction with emergence from bankruptcy, received $40.0 million in new capital through issuance of convertible second lien senior notes.  Full Article

Goodrich Petroleum on Sept 28,bankruptcy court entered order confirming amended joint chapter 11 plan
Monday, 3 Oct 2016 06:48am EDT 

Goodrich Petroleum Corp :On Sept 28,bankruptcy court entered order confirming amended joint chapter 11 plan of reorganization as modified by confirmation order.  Full Article

Goodrich Petroleum says restructuring support agreement terminated
Thursday, 26 May 2016 04:02pm EDT 

Goodrich Petroleum Corp : Restructuring support agreement was terminated automatically as assumption order approving RSA was not entered by bankruptcy court . RSA was not entered by bankruptcy court within thirty-five days of petition date .Intends to continue negotiations with debt holders to reach agreement on terms of restructuring its outstanding indebtedness.  Full Article

Goodrich Petroleum Corporation announces hiring of Joseph T. Leary as Interim Chief Financial Officer
Monday, 19 Oct 2015 06:00am EDT 

Goodrich Petroleum Corporation:Says has hired Joseph T. Leary as its Interim Chief Financial Officer.  Full Article

Goodrich Petroleum Corporation announces resignation of chief financial officer
Wednesday, 19 Aug 2015 06:00pm EDT 

Goodrich Petroleum Corporation:Jan Schott, its Senior Vice President and Chief Financial Officer, has resigned to take financial position with private company.Schott will remain with Company through early September to assist Company during the initial transition phase.Robert C. Turnham, Company's President and Chief Operating Officer, will assume role as interim-CFO while the Company conducts a search.  Full Article

Goodrich Petroleum Corp gives Q3 2015 production guidance; lowers FY 2015 production guidance
Wednesday, 5 Aug 2015 07:00am EDT 

Goodrich Petroleum Corp:Previously issued FY 2015 production guidance of an average of 4,800 - 5,200 barrels of oil and 23,000 - 26,000 Mcf of natural gas per day.When factoring in sale of Eagle Ford Shale production and proved reserves as well as completion deferrals in TMS, Q3 2015 production is expected to average about 4,000 - 4,300 barrels per day and FY 2015 oil production is expected to be lower by 15 - 20 pct. from previous guidance.Natural gas production, when factoring in sale of the Eagle Ford production and proved reserves, is expected to average about 20,500 - 22,500 Mcf per day in Q3 2015 and be lower by 10 - 15 pct. for FY 2015 versus previous guidance.  Full Article

Goodrich Petroleum Corporation announces sale of proved reserves and portion of leasehold in Eagle Ford shale
Monday, 27 Jul 2015 06:00am EDT 

Goodrich Petroleum Corporation:Announces sale of proved reserves and portion of leasehold in the Eagle Ford shale.Deal for $118 million.Expects to book a gain of about $50-60 million on the sale at closing after factoring in customary closing adjustments.Says company plans to pay off its bank revolver and retain the difference in cash from the sales proceeds.Asset being sold produced average of about 2,850 barrels of oil equivalent per day during the first quarter of 2015.Says company is retaining about fifty-eight percent of undeveloped leasehold in play for future development or sale.  Full Article

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