Badlands Energy reports $13.18 million of cash on April 30

New York, May 22 – Badlands Energy, Inc. reported that it had $13.18 million of cash at April 30 on a consolidated basis in its monthly operating report filed on Monday with the U.S. Bankruptcy Court for the District of Colorado.

The cash balance was down from $14.06 million a month earlier.

For the month, the company reported a net loss of $692,053 on zero revenue. The loss was primarily due to $592,392 of selling, general and administrative expenses.

Badlands, a Denver-based oil company, filed for bankruptcy on Aug. 11, 2017. The Chapter 11 case number is 17-17465.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.