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Print articleEmerald Oil Proposes to Sell Assets through Chapter 11 Proceedings
March, 2016 - Brian D. Barnard
This alert describes certain information regarding the recently filed bankruptcy case of Emerald Oil, Inc. and is an example of current developments in the energy industry.
Emerald Oil, Inc. and its subsidiaries (collectively referred to as the “Debtors”) filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code on March 22, 2016 in the District of Delaware, pursuant to which the Debtors plan to sell substantially all of their assets (the “Assets”) in a possible auction in July 2016.
Emerald is an NYSE MKT listed company and files public disclosures with the Securities and Exchange Commission. Additional information regarding Emerald may be found at www.sec.gov.
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