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Forbes Energy Services Ltd (FES.OQ)

FES.OQ on NASDAQ Stock Exchange Capital Market

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Fri, Sep 16 2016

BRIEF-Forbes Energy Services extends forbearance period to Oct. 14

* On sept 13, Co, guarantor subs, forbearing holders amended Indenture Forbearance Agreement to extend forbearance period to October 14

BRIEF-Forbes Energy reports Q2 results

* Q2 earnings per share view $-0.81 -- Thomson Reuters I/B/E/S

BRIEF-Forbes Energy enters into forbearance pacts with certain noteholders, lenders

* Noteholders and lenders agreed to forbear from exercising any of their remedies under agreements governing their indebtedness

BRIEF-Forbes Energy Services Ltd intends to continue discussions with holders of senior notes regarding restructuring of senior notes

* Elected not to make $12.6 million semi-annual interest payment due on june 15, 2016 on its outstanding 9% senior notes due 2019

BRIEF-Forbes Energy Services reports Q1 GAAP loss per share $1.11

* Q1 earnings per share view $-0.81, revenue view $36.7 million -- Thomson Reuters I/B/E/S

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