Alta Mesa Resources Inc. cautioned
investors that it plans to record non-cash
asset impairment charges of about $2
billion for its upstream segment
and about $1.1 billion for its
midstream segment for 4Q18,
and that it would delay the issue of its
Form 10k to the US Securities & Exchange
Commission this year.
The company “has determined that
it had an ineffective internal control over
financial reporting due to an identified
material weakness in both the design
of its controls and the execution of its
control procedures” and......
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