09:48 AM EST - Lone Pine Resources Inc. : failed to make a $10.1-million U.S., semi-annual interest payment on its senior secured notes Thursday, setting the clock ticking on a possible default the could force the natural gas and light oil developer to seek protection from creditors.The company, incorporated in Delaware but headquartered in Calgary, said failure by Lone Pine Resources Canada Ltd. to make the payment will result in default on the 10.375% senior notes maturing in 2017 unless remedied within 30 days. Lone Pine Resources Inc.
shares T.LPR are trading down $0.065 at $0.12.
