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Dune Energy, Creditors Work Through Objections

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Dune Energy Inc. yesterday asked a Texas bankruptcy judge to overlook objections from its creditors and approve the sale of most of its assets to White Marlin Oil and Gas Co. and Trimont Energy LLC, Dow Jones Daily Bankruptcy Review reported today. But while Dune's unsecured creditors’ committee pressed the judge not to approve the sale, the company worked with a handful of other creditors who had objections, and resolved them. Exterran Energy Solutions L.P. withdrew its objection in exchange for a $100,000 payment from Trimont. Another objection, from Emerald Land Corporation, was also resolved prior to yesterday’s hearing.