Bankrupt oil and gas developer Templar Energy LLC may tap $10 million of a total $25 million bankruptcy loan as it prepares to sell itself at auction July 9.
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware approved the company’s interim bankruptcy financing at a hearing Tuesday, along with other motions that allow the company to keep operating while in Chapter 11.
The bankruptcy financing will help maintain the value of Templar’s business as it markets itself for sale at an auction scheduled for July 9. The Oklahoma City-based oil and gas driller filed ...
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