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Oil & Gas Exploration and Production

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Twin Butte Energy announces receipt of notice of intention to enforce security and receivership application

Tuesday, 30 Aug 2016 08:49pm EDT

Twin Butte Energy Ltd : Announces receipt of notice of intention to enforce security and receivership application . Received notice from Toronto Stock Exchange that TSX is reviewing eligibility of continued listing of Twin Butte's common shares . Company has been granted 30 days in which to regain compliance with requirements . Debentureholders did not approve proposed plan of arrangement in respect of twin butte and its securityholders . Lenders under senior credit facilities issued demand letter whereby lenders to enforce security for repayment of about $205.4 million . FTI Consulting Canada expected to be appointed receiver and manager over assets, undertakings and property of co .Upon appointment of receiver, it is expected that all of Twin Butte's directors will resign.

Escalera Resources Co announces filing of plan of reorganization

Thursday, 18 Feb 2016 06:05pm EST

Escalera Resources Co:Announces filing of plan of reorganization.Says on January 29, 2016, it filed its plan of reorganization with the U.S. bankruptcy court for the district of Colorado.

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