Thanks Dave,
I quickly need to delete this post, because It’s shameful how easy the solution was. It’s very odd to me that I seem to suddenly figure out a solution when I finally break down and post to a forum. Anyway, someone needs to shoot me, or something. I simply needed to click the little pop out/drop down menu on the right upper corner of the timeline panel and choose “Composition Settings” then change the Duration to 10 minutes. In my defense, the numbers are a bit confusing since they go 0:10:20:00 – but still. I should have used an alias.
*and* I have a subscription to Lynda.com and still, no bells went off when they covered that.