Ramshorn Offers $1.5M For Pacific Energy Assets

Law360, New York (November 3, 2009, 12:37 PM EST) -- Ramshorn Investments Inc. is declaring itself another potential buyer for Pacific Energy Resources Ltd.'s oil and gas assets in Alaska's Cook Inlet, almost two months after a bankruptcy judge gave Pacific Energy the go-ahead to abandon the facilities when no buyers initially emerged.

Ramshorn and Ramshorn Alaska Investments Inc. filed an objection to Pacific Energy's motion to sell the Cook Inlet assets to Cook Inlet Energy LLC in the U.S. Bankruptcy Court for the District of Delaware on Monday, saying it could provide a better price...
To view the full article, register now.