Mahalo Energy exclusive vote solicitation period extended to March 25

By Caroline Salls

Pittsburgh, Nov. 3 - Mahalo Energy (USA) Inc. obtained an extension to its exclusive period to solicit votes on a plan of reorganization, according to a Tuesday filing with the U.S. Bankruptcy Court for the Eastern District of Oklahoma.

The company's exclusive solicitation period was extended to March 25 from Dec. 18.

According to the motion, the company filed its plan and disclosure statement on Oct. 16, but the disclosure statement hearing will not be held until Dec. 10.

As a result, Mahalo said it will not be able to solicit votes by the end of the current exclusive period.

Mahalo Energy (USA) is a Tulsa, Okla.-based subsidiary of Calgary, Alta.-based junior unconventional natural gas producer Mahalo Energy Ltd. The subsidiary filed for bankruptcy on May 21, 2009, and its Chapter 11 case number is 09-80795.

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