Pacific Energy gets some breathing roomCompany gets forbearance until February on several defaulted loans; considering options for possible sale, merger or refinancing Eric Lidji Petroleum News
Pacific Energy has been given a brief reprieve on its loans, the company said on Dec. 29.
The California-based independent oil company with significant acreage in Alaska said its lenders have agreed not to act on several defaulted loans until at least Feb. 2, 2009.
Pacific Energy hopes to use the ti....
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State worried about funds
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