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Houston-based Eagle (Pinksheets: EAGG) was formed in 1993 to provid e geophysical services to upstream oilfieldservice companies. In the voluntaru petition filed with the Unitede States Bankruptcy Court for the Southerb Districtof Texas, the company listede assets of more than $1 million and liabilities of more than $10 A company filing also showed that it terminated the employmen of seven of its top executives includinf Robert Wood, president and chieff operating officer, and John chief financial officer. The four others were listerd as directors, and one was a vice president. A. John Knapop Jr. remains the company’s chairmajn and H. Malcolm Lovett Jr.
has been named chief reorganizatiob officer. Eagle’s largest unsecured creditors include: Houston-basee Eagle Equipment Leasing; John Kornitzer of Kan.; Eagle Canada Inc.; Eagle Geophysical Offshore FixexIncome Trust; and Dallas-based Realtime Geophysical Surveys LP.
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