According to bankruptcy court docket activity for Furie Operating Alaska LLC from Feb. 18 to Feb. 19, it appears HEX LLC was unable to raise the money needed to buy the Kitchen Lights unit in Cook Inlet (Furie's assets) and that an alternative offer from Kachemak Exploration LLC has been accepted by all parties.
Kachemak is a Delaware corporation recently formed by Fort Worth Texas oil man John Upton's GFR Holdings and Melody Capital Partners L.P., represented by Melody executive Blake Yaralian.
It further appears that all lawsuits and objections from all parties have been settled.
Stay tuned for an update later today and for the full story in the Feb. 23 issue of Petroleum News that will be released online early Friday morning.
For information on PN's news bulletin service, call 907-522-946
PO Box 231651, Anchorage, AK 99523 - 1651
