secwatch.observer — SEC 8-K summary
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Issuer:     BLUE DOLPHIN ENERGY CO (BDCO)
CIK:        0000793306
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001654954-23-004494
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Dolphin subsidiary extends forbearance with Pilot; receives $1.1M payment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793306/000165495423004494/0001654954-23-004494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793306/000165495423004494/bdco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-004494

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer