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BRIEF-Eagle Energy Provides Operational Update And Enters Into A Forbearance Agreement

Published 2019-01-02, 06:32 p/m
© Reuters.  BRIEF-Eagle Energy Provides Operational Update And Enters Into A Forbearance Agreement
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Jan 2 (Reuters) - Eagle Energy Inc EGL.TO :

* EAGLE ENERGY PROVIDES OPERATIONAL UPDATE AND ENTERS INTO A FORBEARANCE AGREEMENT

* EAGLE ENERGY INC - UNDER FORBEARANCE AGREEMENT LENDERS HAVE AGREED TO FORBEAR FROM EXERCISING RIGHTS UNTIL JANUARY 31, 2019

* EAGLE ENERGY - IMPLEMENTED SELECTIVE WELL SHUT-IN PROGRAM AT DIXONVILLE FIELD IN ORDER TO MAXIMIZE CASHFLOW FROM PROPERTY

* EAGLE ENERGY - BY IMPLEMENTING SELECTIVE SHUT-IN PROGRAM, ABLE TO REMAIN CASHFLOW POSITIVE AT FIELD LEVEL FOR Q4

* EAGLE ENERGY INC - CONTINUES TO WORK WITH ADVISORS TO EVALUATE AND CONSIDER POSSIBLE ASSET SALES

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