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A&D - Freedom O&G gets $4.3MM stalking-horse Eagle Ford bid - June 2020
Eagle Ford producer Freedom Oil & Gas, the Houston-based operating arm of Australia-listed Freedom Oil & Gas Ltd., joined the ranks of E&P firms selling assets via Section 363 processes after filing for Chapter 11 bankruptcy. Plummeting revenue prevented the company from servicing its $10 million debt, which led to the May 11 filing. The company plans to sell all its assets, located in the Eagle Ford, to Australian environmental services company Sendero Resources,......
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