US shale firm Gulfport Energy exits bankruptcy
May 19, 2021 2:15:pm
Summary
by: Daniel Graeber
Posted in:
US shale firm Gulfport Energy exits bankruptcy
US shale producer Gulfport Energy said May 18 it emerged from Chapter 11 bankruptcy protection with a new board and an improved balance sheet.
After a tumultuous year of pandemic strains, and aiming to eliminate roughly $1.25bn in debt, the company started a restructuring process in November.
“Gulfport has exited bankruptcy with a new board of directors; a strengthened balance sheet, with $853mn of total debt representing more than $1.2bn of deleveraging through the Chapter 11 process; and approximately $135mn of liquidity,” its May 18 statement read.
ATLANTA: The Black Lives Matter (BLM) organization in the US said it stands with the Palestinians during their ongoing conflict with Israel. Over the past two weeks, Israel’s military has pounded Gaza with airstrikes while the Palestinian enclave’s ruling Hamas militants have unleashed cross-border rocket attacks. BLM tweeted its support Tuesday for the Palestinian people
West Island Food Insecurity
WEST ISLAND SOLIDARITY GARDENS ARE BACK: West Island Solidarity Gardens (WISG) are back this year following a successful first edition.West Island Community Shares, West Island Mission and Corbeille de pain collaborated to create the Solidarity Gardens initiative in the Spring of 2020 which provided fresh produce to other community organizations distributing in the West Island. This year, the initiative is joined with corporate partners and municipalities.The initiative rallies to support more than 750 West Island families facing food insecurity. Over the past year, the current COVID-19 pandemic has had a tremendous impact on the most vulnerable populations in the community. Food insecurity remains one of the main concerns for those who are isolated, sick or without work. Local food banks faced an increase of between 20% and 50% in the number of families requesting food baskets. âFood insecurity remains one of the top issues faced by members of our c
AfricaLink on Air - 19 May 2021
Cameroon sets ablaze guns confiscated from separatist fighters +++ Malawi sets expired COVID vaccines ablaze +++ Tanzania looks set to abandon COVID denialism +++ Huge questions marks over Namibian oil discovery.
Listen to audio
30:00
Share