Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Evolution who wrote (52156)	9/29/1999 6:16:00 PM
From: Think4Yourself	Read Replies (1) of 95453

Eagle Geophysical files chapter 11 bankruptcy WILMINGTON, Del., Sept 29 (Reuters) - Eagle Geophysical Inc. and 16 affiliates filed for Chapter 11 protection late Wednesday in the U.S. Bankruptcy Court in Delaware. In court papers the company listed assets of $208.7 million and liabilities of $167.6 million. The papers also indicated that there was one holder of unspecified secured debt and 15 holders of unsecured debt. On Sept. 14, Eagle said it was unable to meet a July 15 interest payment on $100 million in 10 3/4 percent senior notes due 2008. In court papers, Eagle listed Chase Bank of Texas as the trustee for its largest unsecured claim of $107.2 million. Eagle Geophysical provides onshore and offshore seismic data acquisition services to the petroleum industry. No one at the company's offices in Houston, Texas, was available for comment at this time. ============ Glad I sold this one quite awhile back. Delisting appears to be a certainty.

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