The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale substantially all the assets of PostRock Energy Corporation on May 20, 2016. The Court approved the sale of substantially all assets of PostRock Energy Corporation 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.