Breitburn Energy Partners LP fka BBEPQ

[Uranium]

From Docket #392. Thanks to Larry for pointing these out. I must have been sleeping.....

4. The Debtors and their Board of Directors, of course, are entirely cognizant
of the loss in value and economic hardship experienced by their equity security holders as a
consequence of the unprecedented downturn in the oil and gas industry. The Debtors and their
Board also are well-aware of their fiduciary duties, and have been, and continue to, fully
discharge those duties. Unfortunately, however, the incontrovertible facts demonstrate that there
is absolutely no basis to conclude that there will be any recovery for existing equity, much less a
“substantial likelihood” of a “meaningful” recovery, that applicable authority requires as a
prerequisite for the appointment of an Equity Committee.