Storm Cat Energy looks to extend DIP loan maturity date to Dec. 31

By Caroline Salls

Pittsburgh, July 6 - Storm Cat Energy (USA) Corp. requested court approval to extend the maturity date of its debtor-in-possession financing and cash collateral use to Dec. 31 from July 31, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Colorado.

The company said it needs more time to file and move toward confirmation of a plan of reorganization.

Storm Cat, with headquarters in Denver and Calgary, Alta., filed for bankruptcy on Nov. 10, 2008. The Chapter 11 case number is 08-27887.

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