Net liabilities at 311m USD.
Strip out the 104m of goodwill and that's $415m deficit.
That's before you even start to begin writing down all the Plant and Equipment and Inventory - the market for drill rigs or drilling equipment won't be huge at the moment.
My calculation would be that debt holders would be lucky to walk away with 20c in a dollar.
Net liabilities at 311m USD.Strip out the 104m of goodwill and...
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