Pelican Energy, LLC

About

Pelican Energy, L.L.C. was incorporated in 2012 and is based in Oklahoma City, Oklahoma. Founded in 2012

Alaska oil and gas exploration and drilling company that was an aggressive public company till 2015 called Miller Energy. Taken private by lenders, including AINV, and renamed Glacier Oil

Corporate Highlights

11/11/2018: Current operations summarized https://bit.ly/2TOlQr1

11/8/2018: CEO Departs. CFO Promoted. https://bit.ly/2GosL7f

11/19/2017: Cautious strategy discussed https://bit.ly/2TMmDso

5/28/2017: Resumes drilling and exploring https://bit.ly/2V0qbYu

2/14/2017: Fined for safety violations https://bit.ly/2tk02b4

11/13/2016: Article re:strategy post going private https://bit.ly/2E8vtLB

BDC Credit Reporter View

4/9/2019: TBD.

Highlights

IVQ 2018: Equity at cost reduced by $0.8mn through repayment. However, FMV drops from $7.3mn to $5.9mn.

IIQ 2017: AINV transcript: “our debt investment in Pelican Energy was converted into equity at approximately the same value.”

IVQ 2014: Added to Watch List.