Today South Texas Oil Company (NASDAQ: STXX), an oil and gas company, filed for relief under Chapter 11 in the United States Bankruptcy court for the Western District of Texas. The company will file a motion with the Bankruptcy Court to allow them to seek interim financing for $1.5 million.
Yesterday Rancher Energy Corp (OTC: RNCH), a company engaged in the development, production and marketing of oil and gas, filed for relief under Chapter 11 in the United States Bankruptcy Court for the District of Colorado.
On October 27th, CanArgo Energy Corporation (OTC: CANR), an oil and gas exploration company, filed for relief under Chapter 11 with the United States Bankruptcy Court for the Southern District of New York. The company has filed a motion with the Court that it approve an additional $1.2 million in loans for operational funding. The company’s Chapter 11 filing has caused roughly $18.1 million in debt to become due for the company.
Garrett W. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
