/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/160213.mbx T R O U B L E D C O M P A N Y R E P O R T E R Saturday, February 13, 2016, Vol. 20, No. 44 Headlines BOOMERANG TUBE: Reports $11.04 Million Net Loss in November COUNTRY STONE: Ending Cash Balance Drops to $4,733 in November HAGGEN HOLDINGS: Files Initial Monthly Operating Report HAGGEN HOLDINGS: Net Loss Drops to $39.96 Million in October HAGGEN HOLDINGS: Net Loss Increases to $52.43 Million in November HAGGEN HOLDINGS: Posts $42.33 Million Net Loss in September HOVENSA LLC: Net Loss Increases to $14.11 Million in November LEE STEEL: Reports $321,789 Disbursements for November MINERAL PARK: Incurred $339,411 Net Loss in October PLEASE TOUCH MUSEUM: Ends September with $2.64 Million Cash PLEASE TOUCH MUSEUM: Reports $2.95 Million Net Income in November PLEASE TOUCH MUSEUM: Reports $27,241 Net Loss in Octber SAMSON RESOURCES: Ends November with $217.94 Million Cash ********* BOOMERANG TUBE: Reports $11.04 Million Net Loss in November ----------------------------------------------------------- Boomerang Tube, LLC, et al., on December 31, 2015, filed a monthly operating report for November 2015. The Debtors incurred a net loss of $11.04 million on $7.12 million of total net sales in November. As of November 30, 2015, the Debtors' balance sheet for the period recorded total assets of $267.52 million, total liabilities of $525.14 million, and total shareholders' deficit of $257.62 million. Boomerang Tube, LLC reported cash receipts of $8.37 million and total cash disbursements of $9.98 million for the month. A copy of the operating report is available at: http://bankrupt.com/misc/BoomerangTube_nov2015mor.pdf About Boomerang Tube Boomerang Tube, LLC, is a manufacturer of welded Oil Country Tubular Goods ("OCTG") in the United States. OCTG are used by drillers in exploration and production of oil and natural gas and consist of drill pipe, casing and tubing. Boomerang has corporate offices in Chesterfield, Missouri and manufacturing facilities in Liberty, Texas, strategically located near major steel production centers and end-user markets. With a 487,000 square foot plant that houses two mills and heat treat lines and a contingent 119 acres, these facilities constitute the second largest alloy OCTG mill in North America. Access Tubulars, LLC, owns 81% of the equity interests in Boomerang. Boomerang Tube and its subsidiaries BTCSP LLC and BT Financing sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 15-11247) on June 9, 2015, with a deal with lenders on a balance sheet restructuring that would convert $214 million of debt to 100% of the common stock of the reorganized company. The cases are assigned to Judge Mary F. Walrath. The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as attorneys; Lazard Freres & Co. LLC, as financial advisor; and Donlin, Recano & Co., Inc., as claims and noticing agent. COUNTRY STONE: Ending Cash Balance Drops to $4,733 in November -------------------------------------------------------------- Country Stone Holdings Inc., nka Old CSH Inc., and its affiliated Debtors filed, on December 21, 2015, their monthly operating report for November 2015. The Debtors disclosed that they did not sell assets nor borrowed any monetary amount in October. The Debtors cash flow reported $10,407 beginning cash balance. They reported zero receipts and $5,674 in total disbursements for the period. Thus, the Debtors had an ending cash balance of $4,733 at November 30. A copy of the monthly operating report is available at: http://bankrupt.com/misc/COUNTRYSTONEnov2015mor.pdf About Country Stone Country Stone Holdings, Inc., and its affiliates are in the business of manufacturing, processing, and packaging lawn and garden products such as mulch, soil, fertilizer, plant food, organics, concrete and decorative stone. The corporate headquarters are located in Rock Island, Illinois and Milan, Illinois. Country Stone operates 17 plants throughout the United States, including in Illinois, Iowa, Indiana, Minnesota, Wisconsin, Missouri, and California. Country Stone Holdings and its affiliates sought bankruptcy protection (Bankr. C.D. Ill., Lead Case No. 14-81854) in Peoria, Illinois, on Oct. 23, 2014, with a deal to sell to Quikrete Holdings, Inc., for $23 million in cash plus the assumption of liabilities, subject to higher and better offers. The bankruptcy cases are assigned to Judge Thomas L. Perkins. Country Stone disclosed $45 million in liabilities. The Debtors have tapped Katten Muchin Rosenman LLP as counsel; Silverman Consulting to provide the services of Steven Nerger as CRO and Michael Compton as cash and restructuring manager; and Epiq Bankruptcy Solutions, LLC as claims, noticing and balloting agent. Nancy J. Gargula, U.S. Trustee for the Central District of Illinois, has appointed five creditors to serve in the official unsecured creditors committee in the Debtors' cases. The sale of substantially all of the assets of the Debtors to Hyponex Corporation and Techo-Bloc Inc. closed on Jan. 30, 2015. In line with the sale closing, the Debtors agreed to a change in the caption of their bankruptcy cases. The Bankruptcy Court has approved the name change, and Country Stone Holdings, Inc.'s new name is Old CSH, Inc. HAGGEN HOLDINGS: Files Initial Monthly Operating Report ------------------------------------------------------- Haggen Holdings, LLC, et al., filed an initial monthly operating report on September 23, 2015. The Debtor's Initial MOR includes a cash flow projection for the 13-week period covering the week ended September 11, 2015 through the week ended December 4, 2015. The Debtor projects cash receipts to total $458.25 million for the 13-week period ended December 4, and expenses to total $347.81 million for the same period. Among the disbursements are payroll and benefits of $87.41 million and professional fees of $16.12 million. The Initial MOR also include a schedule of retainers paid to professionals. Among the Debtors' bankruptcy professionals are Alvarez & Marsal North America LLC, Stroock & Stroock & Lavan LLP, and Young Conaway Stargatt & Taylor LLP. A copy of the operating report is available at: http://bankrupt.com/misc/HaggenHoldings_InitialMOR.pdf About Haggen Holdings Headquartered in Bellingham, Washington, Haggen was founded in 1933 as a single grocery store. From 1933 to 2014, Haggen grew into a 30 store family-run grocery chain, with stores located in the northwestern United States. From 2011 to 2014, Haggen reduced its store base to 18, including a stand-alone pharmacy location. Haggen rapidly expanded in 2014 and 2015, and, as of the Petition Date, Haggen owned and operated 164 stores through three operating companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco South, LLC. Haggen Holdings, LLC, and its affiliates filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to 15-11879) on Sept. 8, 2015, with the intention of reorganizing, or selling as a going concern, their stores for the benefit of their creditors. The petitions were signed by Blake Barnett, the chief financial officer. The Debtors estimated assets of $50 million to $100 million and estimated liabilities of $10 million to $50 million. Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors' local counsel. Stroock & Stroock & Lavan LLP serves as the Debtors' general counsel. Alvarez & Marsal North America, LLC, acts as the Debtors' financial advisor. Kurtzman Carson Consultants LLC serves as the Debtors' claims and noticing agent. In September 2015, T. Patrick Tinker, assistant U.S. trustee for Region 3, appointed seven creditors to the official committee of unsecured creditors. HAGGEN HOLDINGS: Net Loss Drops to $39.96 Million in October ------------------------------------------------------------ Haggen Holdings, LLC, et al., filed on December 3, 2015, a monthly operating report for the period from October 9, 2015, to November 5, 2015. The Debtors incurred a net loss of $39.96 million on $115.97 million of total net sales for the period. As of November 5, 2015, the Debtors' balance sheet for the period recorded total assets of $867.64 million, total liabilities of $869.01 million, and total shareholders' deficit of $1.38 million. The Debtors had $15.28 million cash at October 9, 2015. They reported total cash receipts of $289.15 million and total cash disbursements of $283.95 million for the period. At the end of the period, the Debtors had $20.48 million cash. A copy of the operating report is available at: http://bankrupt.com/misc/HaggenHoldings_oct2015mor.pdf About Haggen Holdings Headquartered in Bellingham, Washington, Haggen was founded in 1933 as a single grocery store. From 1933 to 2014, Haggen grew into a 30 store family-run grocery chain, with stores located in the northwestern United States. From 2011 to 2014, Haggen reduced its store base to 18, including a stand-alone pharmacy location. Haggen rapidly expanded in 2014 and 2015, and, as of the Petition Date, Haggen owned and operated 164 stores through three operating companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco South, LLC. Haggen Holdings, LLC, and its affiliates filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to 15-11879) on Sept. 8, 2015, with the intention of reorganizing, or selling as a going concern, their stores for the benefit of their creditors. The petitions were signed by Blake Barnett, the chief financial officer. The Debtors estimated assets of $50 million to $100 million and estimated liabilities of $10 million to $50 million. Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors' local counsel. Stroock & Stroock & Lavan LLP serves as the Debtors' general counsel. Alvarez & Marsal North America, LLC, acts as the Debtors' financial advisor. Kurtzman Carson Consultants LLC serves as the Debtors' claims and noticing agent. In September 2015, T. Patrick Tinker, assistant U.S. trustee for Region 3, appointed seven creditors to the official committee of unsecured creditors. HAGGEN HOLDINGS: Net Loss Increases to $52.43 Million in November ----------------------------------------------------------------- Haggen Holdings, LLC, et al., filed on December 31, 2015, a monthly operating report for the period from November 6, 2015, to December 3, 2015. The Debtors incurred a net loss of $52.43 million on $87.57 million of total net sales for the period. As of November 6, 2015, the Debtors' balance sheet for the period recorded total assets of $788.95 million, total liabilities of $842.75 million, and total shareholders' deficit of $53.80 million. The Debtors had $20.48 million cash at November 6, 2015. They reported total cash receipts of $233.22 million and total cash disbursements of $230.64 million for the period. At the end of the period, the Debtors had $23.05 million cash. A copy of the operating report is available at: http://bankrupt.com/misc/HaggenHoldings_nov2015mor.pdf About Haggen Holdings Headquartered in Bellingham, Washington, Haggen was founded in 1933 as a single grocery store. From 1933 to 2014, Haggen grew into a 30 store family-run grocery chain, with stores located in the northwestern United States. From 2011 to 2014, Haggen reduced its store base to 18, including a stand-alone pharmacy location. Haggen rapidly expanded in 2014 and 2015, and, as of the Petition Date, Haggen owned and operated 164 stores through three operating companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco South, LLC. Haggen Holdings, LLC, and its affiliates filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to 15-11879) on Sept. 8, 2015, with the intention of reorganizing, or selling as a going concern, their stores for the benefit of their creditors. The petitions were signed by Blake Barnett, the chief financial officer. The Debtors estimated assets of $50 million to $100 million and estimated liabilities of $10 million to $50 million. Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors' local counsel. Stroock & Stroock & Lavan LLP serves as the Debtors' general counsel. Alvarez & Marsal North America, LLC, acts as the Debtors' financial advisor. Kurtzman Carson Consultants LLC serves as the Debtors' claims and noticing agent. In September 2015, T. Patrick Tinker, assistant U.S. trustee for Region 3, appointed seven creditors to the official committee of unsecured creditors. HAGGEN HOLDINGS: Posts $42.33 Million Net Loss in September ----------------------------------------------------------- Haggen Holdings, LLC, et al., filed on December 1, 2015, a monthly operating report for the period from September 11, 2015, to October 8, 2015. The Debtors incurred a net loss of $42.33 million on $131.59 million of total net sales for the period. As of October 8, 2015, the Debtors' balance sheet for the period recorded total assets of $929.41 million, total liabilities of $890.72 million, and total shareholders' equity of $38.69 million. The Debtors had $31.30 million cash at September 11, 20115. They reported total cash receipts of $329.69 million and total cash disbursements of $345.71 million for the period. At the end of the period, the Debtors had $15.28 million cash. A copy of the operating report is available at: http://bankrupt.com/misc/HaggenHoldings_sept2015mor.pdf About Haggen Holdings Headquartered in Bellingham, Washington, Haggen was founded in 1933 as a single grocery store. From 1933 to 2014, Haggen grew into a 30 store family-run grocery chain, with stores located in the northwestern United States. From 2011 to 2014, Haggen reduced its store base to 18, including a stand-alone pharmacy location. Haggen rapidly expanded in 2014 and 2015, and, as of the Petition Date, Haggen owned and operated 164 stores through three operating companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco South, LLC. Haggen Holdings, LLC, and its affiliates filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to 15-11879) on Sept. 8, 2015, with the intention of reorganizing, or selling as a going concern, their stores for the benefit of their creditors. The petitions were signed by Blake Barnett, the chief financial officer. The Debtors estimated assets of $50 million to $100 million and estimated liabilities of $10 million to $50 million. Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors' local counsel. Stroock & Stroock & Lavan LLP serves as the Debtors' general counsel. Alvarez & Marsal North America, LLC, acts as the Debtors' financial advisor. Kurtzman Carson Consultants LLC serves as the Debtors' claims and noticing agent. In September 2015, T. Patrick Tinker, assistant U.S. trustee for Region 3, appointed seven creditors to the official committee of unsecured creditors. HOVENSA LLC: Net Loss Increases to $14.11 Million in November ------------------------------------------------------------- Hovensa, L.L.C., filed on December 18, 2015, a monthly operating report for November 2015. The Company reported a net loss of $14.11 million for the month of November. The Company posted $63.29 million in total assets, $2.12 billion in total liabilities and $2.06 billion in total stockholders' deficit. The Company started the month with $13.79 million cash on hand. It listed $33,581 in receipts and disbursements of $4.20 million for the reporting period. The Company ended the month with $9.63 million cash balance. A copy of the monthly operating report is available at: http://bankrupt.com/misc/HOVENSALLCnov2015mor.pdf About Hovensa Hovensa, L.L.C., produces and markets refined petroleum products. The Company offers gasoline, diesel, home heating oil, jet fuel, kerosene, and residual fuel oil. Hovensa serves customers throughout North America. Hovensa L.L.C. filed a Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of the Virgin Islands (Bankr. D. V.I. Case No. 15-10003) on Sept. 15, 2015. The petition was signed by Sloan Schoyer as authorized signatory. The Debtor has estimated assets of $100 million to $500 million, and liabilities of more than $1 billion. Judge Mary F. Walrath is assigned to the case. The Law Offices of Richard H. Dollison, P.C., serves as the Debtor's counsel. Prime Clerk LLC is the Debtor's claims and noticing agent. Alvarez & Marsal North America, LLC to provide Thomas E. Hill as chief restructuring officer, effective Sept. 15, 2015 petition date. The U.S. Trustee appointed five creditors to serve on the committee of creditors holding unsecured claims. LEE STEEL: Reports $321,789 Disbursements for November ------------------------------------------------------ Lee Steel Corp., et al., nka LSC Liquidation, Inc., filed on December 15, 2015, a monthly post-confirmation report for November 2015. The Company listed $169,569 in receipts and disbursements of $321,789 for the month. A copy of the monthly post-confirmation report is available at: http://bankrupt.com/misc/LeeSteel_nov2015mor.pdf About Lee Steel Corporation Novi, Michigan-based Lee Steel Corp., provides flat rolled steel, including hot rolled steel, cold rolled steel, and exposed coated products for automotive and other manufacturing industries. Lee Steel and 2 affiliated companies -- Taylor Industrial Properties, L.L.C., and 4L Ventures, LLC -- filed for separate bankruptcy protection (Bankr. D. Del. Case No. 15-45784) on April 13, 2015. The Hon. Marci B. McIvor presides over the cases. Joshua A. Gadharf, Esq., at McDonald Hopkins PLC, represents the Debtor. Huron Business Advisory, serves as financial advisor; and Epiq Bankruptcy Solutions serves as claims and noticing agent. Lee Steel disclosed $63,206,282 in total assets and $62,659,806 in total liabilities. Hilco Global has purchased the steel processing facility located at the Lee Steel Corporation site in Romulus, Michigan. The deal which was approved in U.S. Bankruptcy Court includes a 200,000 square foot plant and all of the steel processing equipment located at that site. The sale is expected to close in mid-September. The U.S. Trustee for Region 9 appointed three creditors to serve on the official committee of unsecured creditors. Conway Mackenzie, Inc. serves as its financial advisor. * * * The Debtors sold their steel processing facility located in Romulus, Michigan, to Hilco Global for $14 million. The deal which was approved in U.S. Bankruptcy Court includes a 200,000 square foot plant and all of the steel processing equipment located at that site. Union Partners I, LLC, won an auction for the Debtors' Wyoming facility and working capital assets with a $23.6 million offer. Effective Sept. 18, 2015, the sale to Union Partners closed, and the Debtors ceased operations and commenced the process of winding down their affairs. The Debtors changed their names to LSC Liquidation Inc., et al., following the sale. MINERAL PARK: Incurred $339,411 Net Loss in October --------------------------------------------------- Mineral Park, Inc., et al., on December 11, 2015, filed a monthly operating report for October 2015. The Debtors' consolidated statement of operations reflected a net loss of $339,411 on $96,023 revenues in October. As of October 31, 2015, the Debtors posted consolidated total assets of $134.23 million, consolidated total liabilities of $316.36 million, and -$182.13 million in consolidated total shareholders' equity. At the start of the month, the Debtors had a consolidated cash balance of $4.05 million. They listed consolidated cash receipts of $96,023 and consolidated cash disbursements of $1.69 million. At month end, cash was pegged at $2.46 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/MineralPark_oct2015mor.pdf About Mineral Park Mineral Park, Inc., Bluefish Energy Corp. and two affiliates commenced proceedings under Chapter 11 of the Bankruptcy Code in Delaware on Aug. 25, 2014. The cases are pending before the Honorable Kevin J. Carey and are jointly administered under Case No. 14-11996. Mineral Park and its affiliated debtors are subsidiaries of Mercator Minerals Ltd. ("MML"), a mineral resource company engaged through various subsidiaries in the mining, exploration, development and operation of its mineral properties in Mohave County, Arizona, and Sonora, Mexico. Mineral Park's principal asset is the Mineral Park Mine, a producing copper-molybdenum mine located near Kingman, Arizona. Bluefish is the owner and operator of the industrial gas turbine power generator at the Mine. British Columbia, Canada-based MML, which has shares trading on the Toronto Stock Exchange under the trading symbol "ML", is not included in the bankruptcy filing. The Debtors have tapped Pachulski Stang Ziehl & Jones LLP as counsel, Evercore Group LLC as investment banker, FTI Consulting, Inc., as financial advisor, FTI's David J. Beckman as CRO, and FTI's Paul Hansen as assistant CRO. Prime Clerk LLC is the claims and noticing agent. The U.S. Trustee for Region 3 appointed three creditors of Mineral Park, Inc. and its affiliates to serve on the official committee of unsecured creditors. The Committee selected Stinson Leonard Street LLP and Hiller & Arban LLC as its counsel. Mineral Park reported $286 million in total assets and $266 million in total liabilities. PLEASE TOUCH MUSEUM: Ends September with $2.64 Million Cash ----------------------------------------------------------- Please Touch Museum, filed on November 20, 2015, a monthly operating report for September 2015. The Debtor reported a net income of $892,686 for the month. As of September 30, 2015, the Debtors' balance sheet for the period recorded total assets of $68.49 million, total liabilities of $64.05 million, and total shareholders' equity of $4.44 million. The Debtor had $696,304 cash at the start of the month. It reported total cash receipts of $2.30 million and total cash disbursements of $362,307 for the month. At the end of the month, the Debtors had $2.64 million cash. A copy of the operating report is available at: http://bankrupt.com/misc/PleaseTouchsept2015mor.pdf About Please Touch Museum Please Touch Museum operates a children's museum known as the Please Touch Museum located at Memorial Hall in the Fairmount Park section of Philadelphia. It generates its revenues through a combination of sales of memberships and tickets to the Museum, event revenue, endowment income, and charitable contributions. Please Touch Museum filed Chapter 11 bankruptcy petition (Bankr. E.D. Pa. Case No. 15-16558) on Sept. 11, 2015. The petition was signed by Lynn McMaster, the president and chief executive officer. Judge Jean K. FitzSimon is assigned to the case. The Debtor disclosed total assets of $16,244,356 and total liabilities of $63,513,617. Dilworth Paxson LLP serves as the Debtor's counsel. EisnerAmper LLP acts as the Debtor's financial advisor. Isdaner & Company, LLC is the Debtor's tax advisor and auditor. Rust Consulting/Omni Bankruptcy is the Debtor's claims, notice and solicitation agent. PLEASE TOUCH MUSEUM: Reports $2.95 Million Net Income in November ----------------------------------------------------------------- Please Touch Museum, filed on December 23, 2015, a monthly operating report for November 2015. The Debtor reported a net income of $2.95 million for the month. As of November 30, 2015, the Debtors' balance sheet for the period recorded total assets of $71.37 million, total liabilities of $64.41 million, and total shareholders' equity of $6.96 million. The Debtor had $2.19 million cash at the start of the month. It reported total cash receipts of $2.55 million and total cash disbursements of $1.90 million for the month. At the end of the month, the Debtors had $2.84 million cash. A copy of the operating report is available at: http://bankrupt.com/misc/PleaseTouchnov2015mor.pdf About Please Touch Museum Please Touch Museum operates a children's museum known as the Please Touch Museum located at Memorial Hall in the Fairmount Park section of Philadelphia. It generates its revenues through a combination of sales of memberships and tickets to the Museum, event revenue, endowment income, and charitable contributions. Please Touch Museum filed Chapter 11 bankruptcy petition (Bankr. E.D. Pa. Case No. 15-16558) on Sept. 11, 2015. The petition was signed by Lynn McMaster, the president and chief executive officer. Judge Jean K. FitzSimon is assigned to the case. The Debtor disclosed total assets of $16,244,356 and total liabilities of $63,513,617. Dilworth Paxson LLP serves as the Debtor's counsel. EisnerAmper LLP acts as the Debtor's financial advisor. Isdaner & Company, LLC is the Debtor's tax advisor and auditor. Rust Consulting/Omni Bankruptcy is the Debtor's claims, notice and solicitation agent. * * * The Debtor filed a First Amended Chapter 11 Plan and Disclosure Statement on Jan. 26, 2016, contemplating the reorganization of the Debtor. It is seeking a March 16 confirmation hearing on the bankruptcy-exit plan. PLEASE TOUCH MUSEUM: Reports $27,241 Net Loss in Octber ------------------------------------------------------- Please Touch Museum, filed on November 20, 2015, a monthly operating report for October 2015. The Debtor reported a net loss of $27,241 for the month. As of October 31, 2015, the Debtors' balance sheet for the period recorded total assets of $69.01 million, total liabilities of $64.16 million, and total shareholders' equity of $4.85 million. The Debtor had $2.64 million cash at the start of the month. It reported total cash receipts of $1.34 million and total cash disbursements of $1.78 million for the month. At the end of the month, the Debtors had $2.19 million cash. A copy of the operating report is available at: http://bankrupt.com/misc/PleaseTouchoct2015mor.pdf About Please Touch Museum Please Touch Museum operates a children's museum known as the Please Touch Museum located at Memorial Hall in the Fairmount Park section of Philadelphia. It generates its revenues through a combination of sales of memberships and tickets to the Museum, event revenue, endowment income, and charitable contributions. Please Touch Museum filed Chapter 11 bankruptcy petition (Bankr. E.D. Pa. Case No. 15-16558) on Sept. 11, 2015. The petition was signed by Lynn McMaster, the president and chief executive officer. Judge Jean K. FitzSimon is assigned to the case. The Debtor disclosed total assets of $16,244,356 and total liabilities of $63,513,617. Dilworth Paxson LLP serves as the Debtor's counsel. EisnerAmper LLP acts as the Debtor's financial advisor. Isdaner & Company, LLC is the Debtor's tax advisor and auditor. Rust Consulting/Omni Bankruptcy is the Debtor's claims, notice and solicitation agent. SAMSON RESOURCES: Ends November with $217.94 Million Cash --------------------------------------------------------- Samson Resources Corporation, et al., filed on January 4, 2016, a monthly operating report for November 2015. Samson Resources Corp. reported a net loss of $1.28 million for the month. As of November 30, 2015, Samson Resources Corp.'s balance sheet for the period recorded total assets of $4.27 billion, total liabilities not subject to compromise of $68,000, total liabilities subject to compromise of $228.10 million, and total shareholders' equity of $4.04 billion. The Debtors had $198.11 million cash at the start of the month. It reported total cash receipts of $73.89 million and total cash disbursements of $54.07 million for the month. At the end of the month, the Debtors had $217.94 million cash. A copy of the operating report is available at: http://bankrupt.com/misc/SamsonResources_nov2015mor.pdf About Samson Resources Samson Resources Corporation, et al., filed Chapter 11 bankruptcy petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015. Philip W. Cook signed the petition as executive vice president and chief financial officer. The Debtors estimated assets and liabilities of more than $1 billion. Samson is an onshore oil and gas exploration and production company with interests in various oil and gas leases primarily located in Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming. The Operating Companies operate, or have royalty or working interests in, approximately 8,700 oil and gas production sites. Samson was acquired by KKR and Crestview from Charles Schusterman in December 2011 for approximately $7.2 billion. The investor group provided approximately $4.1 billion in equity investments as part of the purchase price. Kirkland & Ellis LLP represents the Debtors as general counsel. Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel. Alvarez & Marsal LLC acts as the Debtors' financial advisor. Blackstone Advisory Partners L.P. serves as the Debtors' investment banker. Garden City Group, LLC serves as claims and noticing agent to the Debtors. Andrew Vara, acting U.S. trustee for Region 3, appointed three creditors of Samson Resources Corp. and its affiliated debtors to serve on the official committee of unsecured creditors. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2016. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $975 for 6 months delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Peter A. Chapman at 215-945-7000 or Nina Novak at 202-362-8552. *** End of Transmission ***