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Buyer Worries Lead Augustus Energy To Seek Ch. 11 Sale

By Rick Archer (March 19, 2018, 9:02 PM EDT) -- Colorado natural gas well developer Augustus Energy Resources LLC told the Delaware bankruptcy court on Sunday that it wants to hold a Chapter 11 auction of its assets, saying it is dealing with $78 million in debt, depressed energy prices and a $3.7 million class action over royalties....

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