OKLAHOMA CITY, Oct. 07, 2015 (GLOBE NEWSWIRE) -- PostRock Energy Corporation (OTC Pink: PSTR) announced that in light of the recent trading activity in its common stock, that the Company is reiterating its belief that its common stock has no material value or a value materially below the current market price.
The Company previously announced a strategic review process to seek a sale as a whole or of individual assets. The Company believes that the aggregate proceeds from such transactions, if completed, will be substantially less than the amount required to repay in full the Company's outstanding debt and preferred stock obligations.
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