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  5. 196 B.R. 856 (1996)
 

IN RE TASCOSA PETROLEUM CORP.

Civil Action No. 95-1079-MLB.

196 B.R. 856 (1996)

In re TASCOSA PETROLEUM CORPORATION, Debtor. EFL LIMITED, Appellant, v. MIRAMAR RESOURCES, INC., Thomas J. Axon, Richard B. Alexander, Duane H. Bruch, Ralph J. Miele, Charles Lineberry, Gerard N. Cudzil, Patrick W. Magarelli, Robert J. Brietz and Rockwell Drilling Company, Appellees.

United States District Court, D. Kansas.

May 7, 1996.

Attorney(s) appearing for the Case

David C. Adams, Morris, Laing, Evans, Brock & Kennedy, Chtd., Wichita, KS, Craig R. Carver, Margaret B. Graham, Denver, CO, for EFL Limited.

Christopher J. Redmond, Husch & Eppenberger, Kansas City, MO, for Rockwell Drilling Company.

Christopher J. Redmond, Redmond & Nazar, L.L.P., Wichita, KS, Peter J. Lucas, Doherty, Rumble & Butler, Denver, CO, for Miramar Resources, Inc., Thomas J. Axon, Phillip Vassallo, Richard B. Alexander, Duane H. Bruch, Ralph J. Miele, Charles Lineberry, Gerad Cudzil, Patrick Magarelli, Robert J. Brietz, Liquidator Rockwell Drilling Company.

MEMORANDUM AND ORDER

BELOT, District Judge.

This case comes before the court on EFL Limited's appeal from the bankruptcy court's January 11, 1995 order. After reviewing the parties' briefs and the appealed order, the court affirms.

Background

Tascosa filed for Chapter 11 bankruptcy in 1993. EFL Limited ("EFL") is an investment banking firm which financed two joint ventures and...

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