Monday, June 25, 2007

UPDATE 1-US Energy Sys: funding failure may lead to bankruptcy

(Reuters) - The power producer said the capital expenditure
requirements for completion of a planned expansion of its UK
gas assets may exceed the current capital expenditure budget of
$36 million by more than 100 percent.




The company's UK business includes gas licenses for 100,000
acres of onshore natural gas properties located in 6 fields in
North Yorkshire, England. Four of the fields are producers
while two are yet to be developed.


Read more at Reuters.com Bonds News

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