Laserfiche WebLink
. • <br /> <br />_7 UL-25-90 WED <br />1 1$ 8 O g K R I D G E ENERGY I N C P 0 4 <br />~;. A ruquireniant that l.ona St~lr Gas Compnr.y purchase nn n yearly <br />!i<zsiti uigftly f>err:unt (©(?%} of t!te clalivory rap~rcity of the gas wells on tiro Snlitti "Cnx;l.s <br />f'ropc~rtius; and purchase on a martlf;h/ basis or pay for it it not purchnsud, sixty <br />fteroent (60%) a( the delivery Capacity et the gas wells on the South Texas f roporlics. <br />Oilkll(iC,]0 L'511n;CItaS that tl!e minimum dross revenue from this c~as cnntr~lrt will amoun! <br />to $A25,000.UO per momh. Phis estimate is tensed upon current celivery production, <br />and the requiretrrrant that l_cna Star Gas Company nurr.}~as(t, or pay far I! ncl <br />purrhasori, ;ixry perconl (50%) of 1ho d~rliven~ capacity of the South Texas f'roparliCS. <br />I he amount of this incnme can and will vary. <br />A. T ho ef!ec1 of this Settlement Agrea,nont upon creditors will U(; that upon <br />final approval rt this Agreen~~lant 1>y the di+nlvuplcy Court all craciitnrs will he poid in <br />ahl~, in full, r:tcc~rctinq to the edlr•wad amount of their c!nirns. <br />5. Atter payment to C:P Operating Company for its Interr~st in the South <br />Texas Propi;rties, paymenl of all creditors, in full, payment of litigation rests and <br />~utnuieys' fees, Uakridc,~e pstimatus thi,l it will 1•rave rash and will own tfrn South'fexns <br />IlrnpE;rtius wliiCll have a value OI at leas( bretwr~en Tw©IVO Million to f'iflnE3n Mlllinn <br />[~ul!ars r;flrrr thrr transfer of interest from Ef Operating Company pursuant In the <br />.;taut;lut;lit it~~iuun~uu~. <br />f;. This Settlement P.groan;ant is in the Gast inlaresl, of Oal.ricige, its <br />sl,;uuProlsiars, iuxl its creditors. Oakridgo reuuosts all of Its creditors and sharr;h;rldor:; <br />to support sucl~~ satllernent. <br />'7. Copies of !ho ct;mfrrnmiso srttloment argreomonts are nn (ilr; in fife rf'ic~p <br />nl the Clerk of the United Stales Dankruplry Court in Fort Worth, Texas, <br />Unitas you obj(~ct to the Settl©mant Agra©ment, you do oat nc~~,r9 to talcC any <br /> <br />