Triangle Petroleum Corporation – Court Confirms Plan, Secured Noteholder J.P. Morgan Securities Handed 100% of Equity (and Estimated 36-43% Recovery on $167mn Note)

June 14, 2019 – The Court hearing the Triangle Petroleum Corporation cases approved the adequacy of the Debtors' Disclosure Statement and confirmed the Debtors' Chapter 11 Plan of Reorganization [Docket No. 71]. The Debtors' will emerge from bankruptcy in the hands of secured noteholder J.P. Morgan Securities, LLC (“JPMS”) who are in line for an…