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IN RE AFRICO EXPLORATIONS, INC.

Bankruptcy Nos. 86-10946-7 to 86-10948-7.

146 B.R. 280 (1992)

In re AFRICO EXPLORATIONS, INC., Debtor. In re WOCO, INC., Debtor. In re MIDWEST DIVERSIFIED INVESTMENT, INC., Debtor.

United States Bankruptcy Court, D. Kansas.

October 7, 1992.

Attorney(s) appearing for the Case

Edward J. Nazar, Redmond, Redmond & Nazar, Wichita, Kan., for debtors.

Joseph L. McCarville III, Rauh, Thorne, Childs, O'Sullivan, McCarville & Brown, Hutchinson, Kan., for Bd. of County Com'rs of Reno County, Kan.

Robin B. Moore, Asst. U.S. Atty., for U.S., on behalf of its agency, the Small Business Admin.

Susan G. Saidian, Morrison, Hecker, Curtis, Kuder & Parrish, Wichita, Kan., for F.D.I.C.

William F. Bradley, Hinkle, Eberhart & Elkouri, Wichita, Kan., for Opportunity Capital Corp.

D. Michael Case, trustee for debtors.

John E. Foulston, Wichita, Kan., U.S. Trustee.

MEMORANDUM OPINION

JOHN T. FLANNAGAN, Bankruptcy Judge.

The debtors, Woco, Inc. ("Woco"), Africo Explorations, Ltd. ("Africo"), and Midwest Diversified Investment, Inc.1 originally filed Chapter 11 petitions on April 16, 1986. When the Court converted the three cases from Chapter 11 to Chapter 7 on February 17, 1989, it appointed D. Michael Case as trustee in each case. The bankruptcy estates contained oil and gas leases that...

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