PostRock Energy Corporation filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on April 27, 2016. The debtor seeks the Court's approval for the sale of substantially all its assets to the highest bidder in a public auction. To qualify as a qualified bidder, interested parties should submit their bids by May 27, 2016.

Each qualified bidder must make a good faith deposit of 10% of the purchase price. The initial minimum overbid should be at least $0.03 million more than the initial purchase price. The debtor has scheduled an auction on May 31, 2016.

At the auction, the subsequent bids would be in increments of $0.01 million. The sale hearing will be held on or after June 1, 2016.