US independent Alta Mesa Resources is being investigated by federal securities regulators as the company faces accusations from investors that it lied about the value of its assets to drum up support, writes Caroline Evans.
In its annual report filed last week, the Anadarko basin-focused player said that the US Securities & Exchange Commission (SEC) was looking into "the facts involved in the material weakness in our internal controls over financial reporting" as well as a fourth-quarter 2018 impairment charge of $2 billion.
