Worthington Energy, Inc. (fka WGASQ)

[Fureal]

The Virgin bankruptcy is a giant hairy mess... This will take years to unfold. This is not cut and dry by any means...

Virgin owes a total of about $44MM. Tony Smith of Montecito seems to have invested about $8MM in Virgin and is one of many claimants. The case number 2011-12640 appears once on page 14

Paxton Intervention means those certain proceedings commenced on December 5, 2011
(Trustee’s intervention filed on May 17, 2011 and Granted on May 21, 2011) styled Montecito
Offshore LLC v. Paxton Energy Inc. and PaxAcq, Inc., Civil Action No. 2011-12640 pending
before the Civil District Court for the Parish of Orleans, State of Louisiana.

No indication on how Paxton is connected in the bankruptcy re-org plan other than the fact that Virgin and Montecito are connected via VM179 which is tied up in litigation..