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Share Name | Share Symbol | Market | Type |
---|---|---|---|
PostRock Energy Corporation (CE) | USOTC:PSTRQ | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
It was anticipated that the judgment would become final on or about January 30, 2012, when the time for filing of any appeal expired. No appeal was filed. However, due to an oversight, notice of the settlement was not timely mailed to various federal and state officials as required by law. That notice has now been served and, absent an objection by said officials, the judgment and settlement will become final in approximately 90 days.
Under the settlement, PostRock will pay a total of $7.5 million: $3 million was paid last week and $4.5 million will be paid in one year. As part of the settlement, all ambiguity in the calculation of prospective as well as prior royalties under the Company's lease agreements will be eliminated. A similar settlement with the Company's Oklahoma royalty owners became final in June, 2011.
The PostRock Energy Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7221
CONTACT: North Whipple Director, Finance & Investor Relations (405) 702-7423
1 Year PostRock Energy (CE) Chart |
1 Month PostRock Energy (CE) Chart |
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