Escalera Resources Co. (OTCMKTS:ESCRQ) Files An 8-K Regulation FD Disclosure

ME Staff 8-k
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Escalera Resources Co. (OTCMKTS:ESCRQ) Files An 8-K Regulation FD Disclosure
Item 7.01.     Regulation FD Disclosure.

On November 5, 2015, Escalera Resources Co. (“Escalera” or the “Company”) filed a voluntary petition in the United States Bankruptcy Court for the District of Colorado (the “Court”) seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code. The Company’s Chapter 11 case is being administered as, In re: Escalera Resources Co., Case No. 15-22395-TBM (the “Bankruptcy Case”). Escalera has continued to operate the business as debtors-in-possession under the jurisdiction of the Court.

On May 2, 2017, the Company filed with the United States Trustee, and subsequently with the Court, its monthly operating report for the period ended March 31, 2017 (the “Monthly Operating Report”). The Monthly Operating Report is attached hereto as Exhibit 99.1. 

The information in this Current Report on Form 8-K furnished to Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” by the Company for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that section, and they shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. By filing this Current Report on Form 8-K and furnishing this information to Item 7.01, the Company makes no admission as to the materiality of any information in this Current Report on Form 8-K, including Exhibit 99.1, that is required to be disclosed solely by Regulation FD.

Item 9.01. Financial Statements and Exhibits.

(d)         Exhibits.

The following exhibit is furnished with this Current Report on Form 8-K:

Exhibit 99.1 – Monthly Operating Report for the period ended March 31, 2017


About Escalera Resources Co. (OTCMKTS:ESCRQ)

Escalera Resources Co. is an independent energy company. The Company is engaged in the exploration, development, production and sale of natural gas and crude oil, primarily in the Rocky Mountain Basins of the western United States. The Company’s production primarily consists of natural gas from properties located in Wyoming, of which are coalbed methane (CBM) reserves and production in the Atlantic Rim area of the eastern Washakie Basin, and tight gas reserves and production on the Pinedale Anticline in the Green River Basin. The Company’s Atlantic Rim production originates from two operating units: the Catalina Unit and the Spyglass Hill Unit (which includes the Sun Dog, Doty Mountain, and Grace Point participating areas (PA)). The Company operates the Catalina Unit and has a non-operated working interests in the Spyglass Hill Unit.

Escalera Resources Co. (OTCMKTS:ESCRQ) Recent Trading Information

Escalera Resources Co. (OTCMKTS:ESCRQ) closed its last trading session up +0.0048 at 0.0149 with shares trading hands.