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Re: mrholty post# 67

Friday, 10/11/2024 12:30:25 PM

Friday, October 11, 2024 12:30:25 PM

Post# of 84
I was but there is nothing in that document worth mentioning. All docs were signed and the Trust was paid by Breitburn / Maverick and Conoco. The lawyer was more careful this time and didn't call Conoco bhe taxy name, but it can only be them.

In what is likely the last public record on this matter which will ever to appear, on July 29, a nodescript, barebones, just-over-two-page Assignment and Bill of Sale was recorded at Book 4526, Page 843 of the Official Records of Santa Rosa County, Florida. All parties to the settlement (including Conoco) are parties to the instrument, which conveys the Jay Field ORRIs to Breitburn. No purchase price is given. Sadly, this was my last play to get to a settlement number--Florida generally requires the consideration for a property transfer to be recorded for collection of the 'doc stamp tax,' assessed on real property transfers. That wasn't done here, so I am officially out of ideas.

I say this in all seriousness: the next step is for a bona fide owner of Trust units to call CITG and ask to speak to Parsons or Mehta, indicate you're an owner of Trust units, and offer your enthusiastic congratulations for the successful decade-long legal campaign. You've been following it closely, you're thrilled to have finally, after all these years, gotten justice from those jerks at Maverick and Conoco. Oh, yes, you know about Conoco--it's in an SDNY transcript. Anyway, great show old chap. So, how, as trustee (if Parsons) or the unitholder driving the litigation (Mehta) would you like to go about making distributions to bona fide unitholders in the Trust? When can we expect an accounting? (There is going to be pushback on disclosure given the confidentiality, and if this actually works, they're gonna throw an NDA at you, but I think as bona fide unitholders you're entitled to make sure the Trustee hasn't been unreasonable in its allocation of pre-settlement expenses).

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