Blue Dolphin Energy Company (BDCO)

[56Chevy]

Judgement awarded to GEL was for $31.3M

To date BDCO has paid in total $3,648,742 + $3,500,000 = $7,148,742 which is approx 23% of what was owed.

Todays settlement agreement, that would end this dispute, calls for BDCO to pay GEL an additional $10M which would bring the total amount BDCO will have paid to $17,148,742 or approx 54% of what BDCO owed GEL. This is providing of course that the contingencies spelled out in the agreement are all met on time and exactly as specified.

All things considered settling for 54% of the total judgement is welcome and fantastic news.

Although not over there is now light at the end of this BDCO tunnel and as it stands right now that light isn't another train.

Cheers to the handful of other shareholders!