Blue Dolphin Energy Company (BDCO)

[Enterprising Investor]

Statement is correct.

Blue Dolphin is comparing third quarter results for 2017 to those in 2016.

If the comment related to year-to-date results, the $24,338,628 expense for the arbitration reward and associated fees incurred in the second quarter would appear.

Needless to say, comparing financials for 2016, 2017 and 2018 will be confusing until the GEL situation is resolved. In the event of a settlement payment less than the amount previously expensed, the result would be the recovery of that expense and overstate income for that period. And create even more confusion.