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IN RE MARTIN EXPLORATION CO.

Civ. A. No. 86-5139.

78 B.R. 795 (1987)

In re MARTIN EXPLORATION COMPANY, Debtor.

United States District Court, E.D. Louisiana.

September 10, 1987.

Attorney(s) appearing for the Case

Simon, Peragine, Smith and Redfearn, Judy Perry Martinez, Robert L. Redfearn, New Orleans, La., for Martin Exploration Co.

Lemle, Kelleher, Kohlmeyer and Matthews, Joseph N. Mole, New Orleans, La., Bronfin, Heller, Steinberg and Berins, Edward M. Heller, Jan M. Hayden, New Orleans, La., for Petrostar Corp.

Jones, Walker, Waechter, Poitevent, Carrere and Denegre, R. Patrick Vance, New Orleans, La., for Wells Fargo Bank, N.A. as successor in interest.

WICKER, District Judge.

This is an appeal from the decision of the Bankruptcy Court of the Eastern District of Louisiana, T.M. Brahney, Judge. The debtor ["Martin"] had filed an adversary proceeding seeking damages from Petrostar Corporation ["Petrostar"]. Allegedly Martin had lost its working interest in mineral leases because Petrostar had breached a drilling contract it had with Martin.

After trial, the Bankruptcy court found that Petrostar had breached...

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