U.S. Bankruptcy Judge Laurie Selber Silverstein signed a bidding procedures order Sept. 26 in the Furie Operating Alaska LLC Chapter 11 case in U.S. Bankruptcy Court for the District of Delaware.
The order set forth a schedule for the sale of the company's assets, which include the Cook Inlet Kitchen Lights unit and its related infrastructure such as the R. Julius offshore platform, the onshore processing facility and all related pipelines.
The deadline for the debtors to file a proposed form of Sale Order is 5 p.m. on Oct. 25.
Debtors shall file a Stalking Horse Supplement with the court on or before 5 p.m. on Oct. 25. The deadline to file an objection with the court to the Stalking Horse Supplement will be 10 calendar days after the service of the Stalking Horse Supplement.
The deadline to file an objection with the court to the proposed assumption and assignment of an assumed contract including any objection relating to the cure claim, is 4 p.m. on Oct. 23.
The deadline to submit a qualified bid is 12 p.m. on Nov. 7.
The auction, if one is held, will commence at 10 a.m. on Nov. 12.
By no later than 12 p.m. on the first calendar day after the debtors have selected the successful bid(s) and alternate bid(s), the debtors shall file the notice of auction results with the court.
The deadline to file an objection with the court to the sale, and all objections relating to the Stalking Horse bidder (if any), the conduct of the auction or the sale is 12 p.m. on Nov. 15.
A hearing to consider the proposed sale will be held before the court at 10 a.m. on Nov. 20. or such other date as determined by the court.
All the times listed above are at prevailing Eastern Time
–STEVE SUTHERLIN
Editor's note: see story in Oct. 6 issue, available online Friday, Oct. 4 at www.PetroleumNews.com
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