Houston-based Dune Energy said it has made the voluntary filing with the US Bankruptcy Court for the Western District of Texas.
It also said it would seek $10 million in debtor-in-possession financing from its lenders to continue to operate its oil and gas facilities on a debtor-in-possession basis.
Louisiana and Texas Gulf Coast-focused Dune Energy revealed last week that it had decided to terminate Eos Petro’s takeover deal after the latter company failed to complete its tender offer or to pay for the shares within the applicable deadlines.
Dune
