LIQUIDITY ALERT: Glen Rose’s Current Deficit Dips to US$2,702,752

Glen Rose Petroleum Corporation and its subsidiaries’ consolidated balance sheet at March 31, 2009, showed that current assets increased by US$89,659 or approximately 58%, from US$155,666 at March 31, 2008…

LIQUIDITY ALERT: Index Oil Reports US$708,855 Current Deficit

Index Oil and Gas Inc. reports current assets of US$708,855 and current liabilities of US$1,104,572 at March 31, 2009, resulting in a working capital deficit of US$395,717.

A year earlier, the…

LIQUIDITY ALERT: Bonanza Oil and Gas Has $3.29M Current Deficit

Bonanza Oil and Gas, Inc. reported a working capital deficit of US$3.29 million at Dec. 31, 2008, compared with US$45,000 at Dec. 31, 2007, according to its annual report filed…

LIQUIDITY ALERT: Amerigo Energy Reports $295,900 Current Deficit

Amerigo Energy, Inc. reported a working capital deficit of US$295,942 at Dec. 31, 2008, the difference of current assets of US$23,487 and current liabilities of US$319,429.

Since Amerigo Energy’s inception (formerly…

LIQUIDITY ALERT: Sunoco Inc.’s Current Deficit Down 35% to $718M

Sunoco, Inc.’s working capital deficit dropped by 35%, or US$384 million, from US$1.102 billion at Dec. 31, 2008 to US$718 million at March 31, 2009.

The Company reported US$2.959 billion in…

LIQUIDITY ALERT: Aurora Oil’s Current Deficit Up 5% to $116.5M

Aurora Oil & Gas Corp. reported a 5% increase in its working capital deficit, from US$110.86 million at Dec. 31, 2008 to US$116.50 million at March 31, 2009.

The Company had…

LIQUIDITY ALERT: Maxim TEP, Inc.’s Current Deficit Falls by 10%

Maxim TEP, Inc.’s working capital deficit dropped by 10%, from US$12.70 million at Dec. 31, 2007 to US$11.39 million at Dec. 31, 2008.

The Company reported US$316,000 in current assets and…

LIQUIDITY ALERT: Belden & Blake’s Current Deficit Up 18% to $16M

Belden & Blake Corp. reported a working capital deficit of US$16.80 million at Dec. 31, 2008, an 18% increase from US$14.22 million at Dec. 31, 2007.

The Company had US$51.77 million…

LIQUIDITY ALERT: Dune Energy Inc. Reports $5.26M Current Deficit

Dune Energy, Inc. reported a working capital deficit of US$5.26 million at Dec. 31, 2008, compared to a positive working capital of US$36.65 million at Dec. 31, 2007.

The Company had…

LIQUIDITY ALERT: Questar Pipeline’s Current Deficit Falls by 99%

Questar Pipeline Company’s working capital deficit dropped by 99%, from US$181 million at Dec. 31, 2007 to US$1.30 million at Dec. 31, 2008.

The Company reported US$90.20 million in current assets…

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