Oil Exploration Co. Seeks To Sell Assets Under Ch. 11
Goldking, which owns Goldking Onshore Operating LLC and Goldking Resources LLC, owes between $1 million and $10 million to its creditors, according to its petition. The Texas-based company reports its assets are worth between $50 million and $100 million.
Chapter 11 bankruptcy will allow the company “to obtain much-needed...
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