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Rig Owner Drops Opposition To Ch. 11 Trustee Appointment

By Vince Sullivan (November 1, 2016, 7:05 PM EDT) -- Bennu Titan LLC acquiesced Tuesday to its secured creditors' request for the appointment of a Chapter 11 trustee, telling a Delaware judge that it was the only option to protect its drilling platform in the Gulf of Mexico, since it has no cash to pay insurance on the facility....

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