Risk Factors Update Summary
- Doubt about ability to continue as a going concern due to $75.8 million cash shortfall.
- Potential sale of upstream assets to generate liquidity and reduce indebtedness.
- Operating losses expected to continue for an extended period, with negative cash flows.
- Exploration of sale of upstream natural gas assets to maintain liquidity and reduce debt.
- Pursuit of acquisitions of natural gas and oil properties may face challenges in identifying opportunities.
- Failure to sell upstream properties may require substantial expenditures to replace reserves.
- Potential curtailment of natural gas or oil production if capital expenditures are not funded.
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.
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