July 22, 2017 2:08 PM ET

Oil, Gas and Consumable Fuels

Company Overview of American Natural Energy Corp.

Company Overview

American Natural Energy Corporation acquires, develops, exploits, and produces oil and natural gas in the United States. Its principal asset includes Bayou Couba Leases covering approximately 1,320 acres of land in St. Charles Parish, Louisiana. As of December 31, 2013, the company had total estimated proved reserves of 482 Mbbl of oil and 2,370 Mmcf of natural gas. American Natural Energy Corporation is based in Tulsa, Oklahoma.

6100 South Yale

Suite 2010

Tulsa, OK 74136

United States

6 Employees

Phone:

918-481-1440

Fax:

918-481-1473

Key Executives for American Natural Energy Corp.

Founder, Chief Executive Officer, President and Executive Director
Age: 68
Founder, CFO, Principal Accounting Officer, Vice-President of Finance, Secretary and Director
Age: 65
Manager of Operations
Age: 64
Exploitation Manager
Age: 78
Compensation as of Fiscal Year 2017.

American Natural Energy Corp. Key Developments

American Natural Energy Corporation Deleted From Other OTC

American Natural Energy Corporation deleted from Other OTC, effective May 10, 2016. The deletion was due to bankruptcy plan effective/shares cancelled.

Fourth Amended Reorganization Plan Approved for American Natural Energy Corp.

The US Bankruptcy Court approved the fourth amended plan of reorganization of American Natural Energy Corporation on March 29, 2016. The debtor has filed its amended plan in the Court on March 29, 2016. As per the amended plan filed, administrative claims of $0.05 million, US trustee Fee, Statutory Fee, profession fees and priority claims of $0.11 million will be paid fill in cash. Claim holders of Hillair of $2.92 million will be issued new equity of the debtor comprising of 88.65% of new stock. Hillair GAP Claim of $0.18 million will be satisfied through issue of preferred stock of the debtor. General Unsecured Claims of $9.49 million will be satisfied through payment in cash and issuance of 11.5% equity of the new debtor. The DIP loan of $1.36 million shall be converted to Preferred Stock in the debtor. Subordinated Claims of Gothic Resources, Inc. of $9.34 million and Equity Interests will be satisfied through pro rata distribution of cash. The plan will be financed through issuance of common stock and preferred stock.

Fourth Amended Reorganization Plan and Disclosure Statement Filed by American Natural Energy Corp.

American Natural Energy Corp. filed a fourth amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on February 24, 2016. As per the amended plan filed, there are no other changes in treatment of claims. Debtor filed modification to the fourth amended plan on March 29, 2016. The DIP loan of $1.36 million shall be converted to Preferred Stock in the debtor. As per the amended plan filed, there are no other changes in treatment of claims.

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Recent Private Companies Transactions

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

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