May 29, 2016 5:14 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Century Exploration New Orleans, LLC

Company Overview

Century Exploration New Orleans, Inc. operates as an oil and gas exploration, development and operating company. The company develops prospects from 3-D seismic data base of over 10,000 square miles. The company is based in Metairie, Louisiana. Century Exploration New Orleans, Inc. operates as a subsidiary of RAAM Global Energy Company. On October 26, 2015, Century Exploration New Orleans, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas. It is in joint administration with RAAM Global Energy Company. As of October 26, 2015, Century Exploration New Orleans, LLC is in reorganisation.

3838 North Causeway Boulevard

Suite 2800

Metairie, LA 70002

United States

Phone:

504-832-3750

Fax:

504-832-3760

Key Executives for Century Exploration New Orleans, LLC

Chief Operating Officer
Compensation as of Fiscal Year 2015.

Century Exploration New Orleans, LLC Key Developments

Second Amended Liquidation Plan and Disclosure Statement Filed by RAAM Global Energy Company

RAAM Global Energy Company filed second amended plan of liquidation with related disclosure statement in the US Bankruptcy Court on December 20, 2015. As per the second amended plan filed, there shall be no changes in the treatment of any claim class.

First Amended Liquidation Plan and Disclosure Statement Filed by RAAM Global Energy Company

RAAM Global Energy Company filed first amended plan of liquidation with related disclosure statement in the US Bankruptcy Court on December 13, 2015. As per the first amended plan filed, the debtor has added new claim classes for Senior Secured Notes Deficiency Claims and Ace Claims. Senior Secured Notes Deficiency Claims shall receive its pro rata share from the liquidating trust. Ace Claim shall receive cash payment of $1.15 million under the Ace settlement distribution from sale proceeds plus any amounts recovered from the liquidating trust. There shall be no changes in the treatment of any other claim classes.

Amended Asset Purchase Agreement Filed by RAAM Global Energy Company

RAAM Global Energy Company filed an amended asset purchase agreement in the US Bankruptcy Court for the sale of substantially all its assets on December 2, 2015. As per the amended agreement, Highbridge Principal Strategies - Specialty Loan Fund III, L.P., Highbridge Specialty Loan Sector A Investment Fund, L.P., Highbridge Specialty Loan Institutional Holdings Limited, Highbridge Principal Strategies - Specialty Loan Institutional Fund III, L.P., Highbridge Principal Strategies - Specialty Loan VG Fund, L.P., Highbridge Principal Strategies – NDT Senior Loan Fund, L.P., Highbridge Principal Strategies - Jade Real Assets Fund, L.P., Highbridge Aiguilles Rouges Sector a Investment Fund, L.P., Lincoln Investment Solutions, Inc., and American United Life Insurance Company, the stalking horse bidders, shall purchase substantially all the assets of RAAM Global Energy Company for a credit bid of $58.8 million, $6.05 million in cash and assumption of certain obligations.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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