Barrier Advisors Retained to Restructure Teton Energy.Company Takes Steps to Survive Steep Decline in Oil and Gas Prices DALLAS -- Barrier Advisors, a Dallas-based financial advisory and restructuring firm, today announced its engagement as restructuring advisor to Teton Energy (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TEC), a publicly held independent oil and gas exploration and production company based in Denver. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Barrier Advisors, Teton's management team and board of directors retained Barrier to restructure the company, divest non-operated properties and negotiate with the company's creditors. Teton Energy has also engaged RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). Richardson Barr as its investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. . Currently operating in the Rocky Mountain and Mid-Continent regions of the U.S., Teton owns assets in Colorado, Kansas, Nebraska, North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). and Wyoming. The company operates in a number of producing fields including the Central Kansas Uplift and Denver-Julesburg basins. In the Central Kansas Uplift, Teton Energy owns and operates an estimated 8.9 billion cubic feet equivalent of proved oil and natural gas reserves, in addition to 792 million cubic feet equivalent (MMcfe) proved reserves proved reserves The quantity of minerals expected to be recoverable under current economic and operating conditions. The amount of proved reserves is important in valuing the stock of a company with significant holdings in natural resources. in the Williston DJ basins. "With an established reputation in the Rocky Mountain and Mid-Continent regions, Teton Energy has a strong management team that is committed to work through the liquidity challenge caused by the rapid drop in energy prices," said Jeff Jones There are several notable people named Jeff Jones, including:
"Our extensive experience in corporate restructurings made Barrier Advisors the right firm to develop and implement Teton's workout strategy. In addition, our ability to successfully negotiate with banks and bondholders, combined with an in-depth understanding of the oil and gas industry helped put us on Teton's short list of turnaround specialists. We are confident that Barrier Advisors can help drive a successful restructuring for Teton Energy," he added. About Teton Energy Corporation: A publicly traded independent oil and gas exploration and production company, Teton Energy is focused on the acquisition, exploration and development of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. properties. The Company's current operations are concentrated in the prolific Rocky Mountain and Mid-continent regions of the U.S. Teton has leasehold interests in the Central Kansas Uplift, the Williston Basin in North Dakota, the Big Horn Big Horn is a tall peak in the Cascade Range in Washington, USA. At 2438+ meters (8,000 feet) in elevation, it is the highest point in Lewis County, Washington.[1] Big Horn, one of the Goat Rocks, is the second highest point on the ridge west of Mt. Basin in Wyoming and the eastern Denver-Julesburg Basin in Colorado, Kansas and Nebraska. Teton is headquartered in Denver, Colorado. For more information about Teton, please visit the Company's website at www.teton-energy.com. About Barrier Advisors: Barrier Advisors, with offices in Dallas, Texas and Stamford, Connecticut, provides special situations investment banking and corporate restructuring services for middle-market companies and their stakeholders. Barrier successfully manages complex middle market-sized transactions for some of the largest, most demanding clients in the capital markets. For more information on Barrier's services and capabilities, visit www.barrieradvisors.com. |
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