Replies to post #28 on Blueknight Energy Partners, L.P. (BKEP)

[Danburydude]

My only question is how will that affect future dividends . If they stay as is , the dividend is 21 % at the current stock price .

[RyGuy]

Looks like BKEP is responsible for 50% of the total cost of the pipeline.

Not quite sure the overall impact, as I haven't done that much research into it.

https://www.sec.gov/Archives/edgar/data/1392091/000139209119000014/a8kcimarronprojectupdate.htm

BKEP and Ergon have been informed that Kingfisher Midstream has made the decision to suspend future investments in Cimarron Express as Kingfisher Midstream has determined that the anticipated volumes from the currently dedicated acreage, and the resultant project economics, do not support additional investment from Kingfisher Midstream at this time. As of December 31, 2018, Cimarron Express had spent approximately $30 million on the pipeline project. Both BKEP and Ergon are currently evaluating the status of the investment in Cimarron Express. To the extent the Put is exercised in the future, BKEP would be responsible for 50% of the total amount spent by the pipeline project plus interest at 9% per annum. BKEP anticipates the principal cost of the Put could be reduced by $4 million to $7 million upon the sale of the assets of the Cimarron Express joint venture, for a total net cost to Blueknight of $8 million to $11 million plus interest.