Mon, May 16, 3:58 PM
- Junior oil sands producer Connacher Oil and Gas (OTCPK:CLLZF) files to seek protection from its creditors.
- In March and again this month, Connacher had struck forbearance agreements with creditors it owed $154M in which the creditors agreed not to exercise their enforcement rights against the company for failure to make an interest payment.
Connacher Oil and Gas Limited is a Calgary-based crude oil and natural gas exploration, development, production and refining company. Our principal asset is a 100 percent interest in approximately 98,000 acres of oil sands leases at our Great Divide project near Fort McMurray, Alberta. The... More
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
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