We are seeing more uncomfortable news in the oil and gas space after the Swiber holdings wind up news. And this may make the bond holders of oil and gas bonds more jittery the same way the bond holders of Swiber Bonds felt. KrisEnergy, an oil and gas producer, have a debt facility coming on due in 2017, and it seems they are in danger of breaching their debt covenants. Debt Covenants are certain terms and hurdles a borrower have to keep within the boundaries. Failure which, their interest cost either goes up dramatically, or that the lender have the right to call back the debt from the borrower. These are often represented as financial ratios. Typical financial ratios are maintaining a maximum debt to asset ratio, or a negative covenant to keep them from doing anything funny such as debt to EBITDA. The bond in question is: KRISSP ......