Teton Energy extends forbearance on 10.75% convertibles until Nov. 6

By Susanna Moon

Chicago, Oct. 28 - Teton Energy Corp. extended the forbearance period for the interest payment on its outstanding 10.75% senior secured convertible debentures through Nov. 6, according to an 8-K filing with the Securities and Exchange Commission.

The company said it intends to continue to work with the holders toward a more permanent solution, but that there can be no assurance that it will be successful in doing so, in which case the company may be required to seek protection under the United States Bankruptcy Code.

Teton is a Denver-based developer, producer and marketer of natural gas and oil properties.

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