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Bakken/Three Forks E&P Exploring Strategic Alternatives
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Triangle Petroleum Corporation has commenced a process to explore and evaluate strategic alternatives with respect to its individual business units and the Company as a whole.
In light of the current commodity pricing environment and related market conditions, the Company believes that this is the right time to evaluate the Company's capital structure in order to preserve liquidity, enhance financial flexibility, and promote the Company's long-term success. To assist in these efforts and better position the Company for future success, the Company has recently retained PJT Partners, AlixPartners, and Skadden, Arps, Slate, Meagher & Flom LLP.
The Company also announced changes in senior leadership, which better prepare the Company to successfully navigate the current commodity…
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