January 18, 2018 3:24 PM ET

Oil, Gas and Consumable Fuels

Company Overview of East Tennessee Consultants II, L.L.C.

Company Overview

East Tennessee Consultants II, L.L.C. owns and operates natural gas and oil wells. The company is based in Sunbright, Tennessee.

9534 Morgan County Highway

Sunbright, TN 37872

United States

Key Executives for East Tennessee Consultants II, L.L.C.

East Tennessee Consultants II, L.L.C. does not have any Key Executives recorded.

East Tennessee Consultants II, L.L.C. Key Developments

First Amended Reorganization Plan Approved for Cook Inlet Energy, LLC

The US Bankruptcy Court approved the amended plan of reorganization of Cook Inlet Energy, LLC on January 28, 2016. As per the approved plan, administrative expense claims, US Trustee fees, priority tax claims and professional fee claims will be paid in full in cash. Other priority claims will be paid full in cash. Allowed lender secured claims of $151 million will be paid New Notes of $60 million and 100% of the New Miller Common Stock, subject to dilution by the Management Stock. Other secured claims will be reinstated, paid in cash, surrender of the collateral securing such claim or offset against the debtors claims. General unsecured claims of $31.1 million will be paid its Pro Rata share of the Unsecured Cash Distribution in the amount of 10% of its allowed unsecured claim with a total amount for all allowed unsecured claims capped at $1.5 million plus its Pro Rata share of the New Miller Warrants with the right to purchase up to 3% of the New Miller Common Stock. Allowed lender deficiency claims of $39 million will receive cash on a pro rata basis, a recovery of 1%. All existing Miller Preferred Stock Interests will be cancelled and each holder of an allowed miller preferred stock interest will receive its Pro Rata share of the New Miller Warrants. All existing Miller Common Stock Interests will be cancelled and each holder of an Allowed Miller Common Stock Interest will receive its Pro Rata share of the New Miller Warrants. Miller other equity interests will be cancelled and will not receive any distribution on account of their interests. Miller subsidiary debtor interests will be reinstated and will vest in the respective reorganized debtor. The plan will be funded from cash in hand, ongoing business operations, exit facility and issuance of New Miller Common Stock and New Miller Warrants.

Motion for Asset Sale Approved for Cook Inlet Energy, LLC

The US Bankruptcy Court gave an order approving the sale of certain assets of Cook Inlet Energy, LLC on January 20, 2016. The debtor has been authorized to sell its certain assets to Corum Pump Services for a purchase price of $0.35 million in cash. The debtor’s assets include certain miscellaneous equipment.

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Recent Private Companies Transactions

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