APY Mentioned in The Australian

I don't think the mention in Robin Bromby's column in today's The Australian is coincidental:

Energy firms bankrupt
Perth-based StockAnalysis reports that bankruptcies among US oil and gas companies have reached quarterly levels last seen in 2009. Nine companies that filed in the December quarter accounted for more than $US2 billion ($2.9bn) in debt.
“StockAnalysis expects the pain to increase as the numbers of failed corporations skyrocket into 2016,” it said. “Massive reductions in certified petroleum reserves will trigger default on loan covenants, forcing companies into the arms of waiting private equity funds and other willing buyers.
“Who would want to go to Nigeria, Chad, West Africa or Iraq to find oil when oil in the ground can be bought for (around) $US2 per barrel right in the heartland of conventional US oilfields?” analysts Peter Strachan added.
The next day Azonto Petroleum (APY) reported it had tidied up its affairs after disposing of its oil and gas activities in West Africa, with only its oilfield equipment in Ivory Coast still to be sold. APY has $7.9m in cash and hopes to finalise a new direction soon.