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Stock Market & Financial Investment News

News Breaks
January 13, 2014
07:05 EDTEOXEmerald Oil upgraded to Buy from Accumulate at Global Hunter
Global Hunter upgraded Emerald Oil to reflect the accretive acquisition of 20,800 net acre in the Bakken. Price target raised to $12 from $10.
News For EOX From The Last 14 Days
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February 1, 2016
18:05 EDTEOXEmerald Oil negotiating borrowing base deficiency with lending group
Emerald Oil is continuing to negotiate with the lending group associated with its revolving credit facility to cure the outstanding borrowing base deficiency. On January 14, the company made a presentation to the lending group regarding a possible cure to the borrowing base deficiency, and the company expects to receive a response in the near future. For the time being, the company has elected not to extend the forbearance agreement that expired on January 29, but will continue to evaluate the merits of such an extension. Emerald has engaged legal advisor Kirkland & Ellis, who will join financial advisor Opportune LLP and investment banker Intrepid Partners, LLC, to advise management and the board of directors on lender negotiations and capital structure options.

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