looks like they owe the 4 Million + the interest...after that money goes to Kepco if there is any?...
Could Corestream be stepping in with consultation from kepco as to which wells are worth bidding on?...I guess they would know best no?..
I'm just grasping at straws and trying to figure out what is goin on..lol..
First: To the payment of all necessary costs and expenses incident to such foreclosure
sale, including, but not limited to, all court costs, commissions, and charges of every
character;
Second: To the payment of the principal amount of $4,449,082.23, interest accrued as of
July 2, 2010, in the amount of $191,990.25, and with interest accruing thereafter at a
variable rate of 2.250 percent above the base rate on corporate loans posted by at least
75% of the 30 largest U.S. Banks known as the Wall Street Journal U.S. Prime Rate,
rounded to the nearest 0.125, subject to a ceiling based on the quarterly ceiling rate
announced by the Credit Commissioner and subject to adjustment daily; and
Third: The remainder, if any there shall be, shall be paid to Kepco Energy, Inc., Kepco
Operating, Inc. and Camden, Inc. as may hereafter be ordered by this Court.
imho
mj
"I Don't Chase Paper...I Make It Boomerang..."