Delta Petroleum (fka DPTRQ)

[Kenswift]

Dec 16 (Reuters) - Delta Petroleum Corp filed for Chapter 11 bankruptcy protection early on Friday, a month after the U.S. oil and gas producer warned about its liquidity issues.

The Denver, Colorado-based company listed estimated assets and liabilities in the range of $100-$500 million, according to a court filing.

Delta, which is struggling to find financing to repay debt that matures next year, has seen its stock lose most of its value this year.

In November, Delta said following its review of strategic alternatives, it had not received any concrete offers regarding an acquisition or additional financing.

The company had earlier warned that if a transaction to address its liquidity issues does not take place, it would be required to seek protection under Chapter 11 of the U.S. Bankruptcy Code.

The case is Delta Petroleum Corp, Case No. 11-14006, U.S. Bankruptcy Court, District of Delaware.

http://www.reuters.com/article/2011/12/16/deltapetroleum-idUSL3E7NG0T120111216