Teton Energy interest payment forbearance period extended to July 31

By Caroline Salls

Pittsburgh, July 29 - Teton Energy Corp. said the forbearance period related to the missed interest payment due July 1 on its 10.75% senior secured convertible debentures has been extended through July 31, according to an 8-K filed with the Securities and Exchange Commission.

The company said it intends to continue to work with the debentureholders toward a more permanent solution.

However, Teton said it may be forced to file for bankruptcy if a more permanent solution is not found.

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

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