other material
confidence high
sentiment neutral
materiality 0.60
Blue Dolphin subsidiary extends forbearance with Pilot; receives $1.1M payment
BLUE DOLPHIN ENERGY CO
- Pilot paid $1.1M on April 3, 2023 as part of amendment extending forbearance to June 15, 2023.
- Original forbearance agreement signed Jan 12, 2023 included $1.5M payment from Pilot.
- Conditional payment of $0.2M due June 1, 2023 under the March 31 amendment.
- Dispute involves ~185,000 bbls of jet fuel left at Nixon facility after Pilot terminated TSA.
- All deadlines in Texas Action tolled through June 15, 2023.