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CM - Alta Mesa warns about upcoming impairments - March 2019
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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