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BRIEF-Bonanza Creek Energy emerges from Chapter 11
April 28, 2017 / 5:14 PM / 5 months ago

BRIEF-Bonanza Creek Energy emerges from Chapter 11

April 28 (Reuters) - Bonanza Creek Energy Inc:

* Bonanza creek energy successfully completes prepackaged financial restructuring; emerges from chapter 11; announces new board of directors

* Bonanza creek energy - upon emergence from bankruptcy, company issued 1.7 million 3-year warrants with a strike price of $71.23 per share

* Bonanza creek energy inc- company’s cash balance at emergence was approximately $65 million

* Bonanza creek energy - plans to resume drilling, completion activity around june 1, with intent to operate a one-rig program for remainder of year

* Also announces appointment of seven members to its board of directors Source text for Eikon: Further company coverage:

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