Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Failure to complete the Merger may result in a $3.5 million termination fee.
  • Failure to comply with the Amended Term Loan Agreement could lead to immediate repayment of $200.0 million.
  • The Company's estimated proved reserves decreased from approximately $62 million to $58 million.
  • The Company reduced its principal amount of debt from $235 million to $200.0 million.
  • The Company reduced its estimated future capital expenditures from approximately $633 million to $387 million.
  • The Company adjusted its benchmark interest rate from LIBOR to SOFR plus 0.15%.
  • The Company's net undeveloped leasehold acreage decreased from approximately 9,700,000 to 9,000,000 acres.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1282648&owner=exclude

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