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Vol. 4, No. 5 Week of May 28, 1999
Providing coverage of Alaska and northern Canada's oil and gas industry


Forcenergy struggling to re-establish operations after bankruptcy

Redoubt Shoal remains in limbo because of company’s recent financial difficulties; Osprey platform sits in storage

Tracy Wilson

PNA Staff Writer

In the wake of its Chapter 11 bankruptcy filing two months ago, Forcenergy Inc. will remain in a holding pattern until a reorganization plan is hammered out. “Our goal is to get out of Chapter 11 as quickly as possible, in less than a year,” said Gary Carlson, Forcenergy’s vice president for Alaska....

    [additional news subjects in this story]

Escalating credit woes


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