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xZx

01/28/13 2:37 PM

#30205 RE: Fureal #30204

imo we can infer montecito wants to move forward with us, otherwise we'd have seen an 8-K by now showing a refund to WGAS of the >$1.5M they already received in the deal.

also, keep in mind that since the deal was closed, there's a high probability the asset has increased in value, especially with energy XXI test drilling in the vicinity, and a much higher oil price. jmho.
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Fureal

01/28/13 2:39 PM

#30206 RE: Fureal #30204

Sorry, it's actually Montecito vs. Paxton Energy...
2 motions were filed:

1) A two page judgment rendered on 10/23/12 granting a Motion and Memorandum of Non-parties to Intervene in the case.

2)10/29/2012 - The case number you have referenced belongs to the case entitled Montecito Offshore LLC vs. Paxton Energy, Inc. et al. If that is correct, the last action filed in the case was Montecito’s Answer to Amended Reconventional Demand filed on 10/29/12.
The case does not appear to be set for hearing or trial. That is the current information the Clerk’s Office can give you regarding the case status. Please contact Division G whose contact info is on the website.

Belinda Lassalle
http://www.orleanscdc.com/



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