Pardee Resources implements restructuring plan

Pardee Resources Co. (OTC: PDER) has implemented a restructuring plan, and estimates that the restructuring charges will be $550,000 in 2015 and $150,000 in 2016. The company also estimates that this restructuring plan will reduce its annual expenses by $1,400,000. 

Pardee Resources’ oil and gas producing properties are located primarily in the Appalachian and the Gulf Coast basins.

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