Worthington Energy, Inc. (fka WGASQ)

[ecmoney]

this is from the chapter 11 filing of virgin oil page 26

http://www.gordonarata.com/720DE/assets/files/Documents/Offshore%20Disclosure%20Statement%20(Web%20Copy)-1.pdf


In addition to the Avoidance Actions retained by Reorganized Offshore, Reorganized
Offshore specifically reserves for investigation and prosecution any and all claims or Causes of
Action with regard to the following:
(1) The D&O Claim. Any and all actions, Causes of Action or Claims against any
present or former director or officer of the Debtor, along with any and all other Causes of Action
or Claims of any kind against any present or former director or officer of the Debtor or any other
Person which may be covered under Policy No. DOC 2974663 08 issued by Zurich North
America Specialties or Policy No. 555-75-82 issued by National Union Fire Ins. Co. of Pittsburg
or any other insurance policies to which the Debtor or its present or former officers or directors
may be beneficiaries and as specifically prayed for in the D&O Litigation and the Paxton
Intervention.


in my opinion i believe the litigation with montecito will be resloved when the judge ratifies the petition for reorganization


i am not suggesting any results or outcome of anything. i'm just posting facts and my opinion. i really do not mean to ruffle any feathers.










in my opinion