10Q Filing

in case its necessary

https://www.sec.gov/Archives/edgar/data/1404079/000114420417010173/v460058_10q.htm

Have a read ... it aint pretty. SSN back on her knees.

Highlights how "hiding" behind BOE numbers hurts when you get back to more "oil only" numbers - especially so in a near worthless gas area.

Water is clearly a problem.

What on earth got their hedging so far out of whack??

OAS note could be problematic. Due April 1st and insufficient funds to repay.

Clearly TB does not consider G&A costs a priority. No mention I could see re onboarding as reason for delay.

Still points to Equity needed in conjunction with Capital Structure overhaul.

The cautionary statement of
"If the current pricing environment does not improve it will difficult to maintain compliance with covenants based our current debt levels. If we are not in compliance with the financial covenants in the credit facility, or if we do not receive a waiver from the lender, and if we fail to cure any such noncompliance during the applicable cure period, the due date of our debt could be accelerated by the lender. In addition, failure to comply with any of the covenants under our credit facility could adversely affect our ability to fund ongoing operations. We also must continue to improve our operations to address our working capital deficit."

Tough sledding ahead IMO.

Take a close look at the operating metrics.