The US Bankruptcy Court gave an order approving the sale of certain assets of PostRock Energy Corporation on June 16, 2016. The debtor has been authorized to sell through Citibank, N.A. as administrative and collateral agent. The debtor’s assets include certain leases, oil & gas and other wells. The debtor shall receive $3 million as credit bid from buyer relating to pre-petition liens of Citibank, N.A. under first purchase and sale agreement dated June 1, 2016. Under second purchase and sale agreement dated June 1, 2016, the debtor shall receive $4.2 million as credit bid from buyer. A deposit of 10% of purchase price has also been deposited. The buyers shall be designated by Citibank. A cash bid of $3.38 million of PPL Group, LLC has been selected as the backup bid for the equipment, rolling stock and vehicles under second agreement.