No Moss 3 Landfill Online Library › YouTube Archive › @VADMME › 2023-11-27-Virginia Gas and Oil Board Meeting November 22 2023
Virginia Gas and Oil Board Meeting November 22 2023
Virginia's Gas and Oil Board Meeting was held on November 22 2023
View Original: Virginia Gas and Oil Board Meeting November 22 2023 (Video) | Virginia Energy (Channel) | Virginia Energy (Uploader)
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WEBVTT Kind: captions Language: en 00:00:15.639 --> 00:00:22.070 align:start position:0% we<00:00:15.879>ready 00:00:22.070 --> 00:00:22.080 align:start position:0% 00:00:22.080 --> 00:00:25.230 align:start position:0% like<00:00:23.080>good <00:00:23.240>morning <00:00:23.640>everyone <00:00:24.160>today <00:00:24.880>is 00:00:25.230 --> 00:00:25.240 align:start position:0% like good morning everyone today is 00:00:25.240 --> 00:00:29.029 align:start position:0% like good morning everyone today is November<00:00:25.680>the <00:00:25.840>21st <00:00:26.560>of <00:00:27.199>2023 <00:00:28.199>and <00:00:28.480>this <00:00:28.640>is 00:00:29.029 --> 00:00:29.039 align:start position:0% November the 21st of 2023 and this is 00:00:29.039 --> 00:00:31.390 align:start position:0% November the 21st of 2023 and this is the<00:00:29.480>vir 00:00:31.390 --> 00:00:31.400 align:start position:0% the vir 00:00:31.400 --> 00:00:35.470 align:start position:0% the vir guess<00:00:31.640>and <00:00:31.960>or <00:00:32.680>at <00:00:32.840>a <00:00:33.120>regular <00:00:33.719>meeting <00:00:34.719>in <00:00:34.960>the 00:00:35.470 --> 00:00:35.480 align:start position:0% guess and or at a regular meeting in the 00:00:35.480 --> 00:00:37.229 align:start position:0% guess and or at a regular meeting in the department<00:00:35.840>of <00:00:35.960>energies <00:00:36.440>building <00:00:36.920>I <00:00:37.040>would 00:00:37.229 --> 00:00:37.239 align:start position:0% department of energies building I would 00:00:37.239 --> 00:00:40.069 align:start position:0% department of energies building I would ask<00:00:37.480>everyone <00:00:37.960>to <00:00:38.079>silence <00:00:38.520>their <00:00:38.920>phone <00:00:39.920>and 00:00:40.069 --> 00:00:40.079 align:start position:0% ask everyone to silence their phone and 00:00:40.079 --> 00:00:42.190 align:start position:0% ask everyone to silence their phone and the<00:00:40.239>first <00:00:40.480>order <00:00:40.760>of <00:00:40.960>business <00:00:41.399>is <00:00:41.680>we've <00:00:42.000>got 00:00:42.190 --> 00:00:42.200 align:start position:0% the first order of business is we've got 00:00:42.200 --> 00:00:44.990 align:start position:0% the first order of business is we've got some<00:00:42.480>folks <00:00:42.800>that's <00:00:43.680>participating <00:00:44.440>remotely 00:00:44.990 --> 00:00:45.000 align:start position:0% some folks that's participating remotely 00:00:45.000 --> 00:00:47.549 align:start position:0% some folks that's participating remotely and<00:00:45.200>we <00:00:45.399>have <00:00:45.719>to 00:00:47.549 --> 00:00:47.559 align:start position:0% and we have to 00:00:47.559 --> 00:00:51.069 align:start position:0% and we have to approve<00:00:48.559>uh <00:00:49.280>the <00:00:49.440>opportunity <00:00:50.280>remotely <00:00:50.879>the 00:00:51.069 --> 00:00:51.079 align:start position:0% approve uh the opportunity remotely the 00:00:51.079 --> 00:00:55.990 align:start position:0% approve uh the opportunity remotely the first<00:00:51.320>one <00:00:51.879>was <00:00:52.879>Will <00:00:53.280>Cochran <00:00:54.079>and <00:00:54.359>he <00:00:54.640>is 00:00:55.990 --> 00:00:56.000 align:start position:0% first one was Will Cochran and he is 00:00:56.000 --> 00:00:58.950 align:start position:0% first one was Will Cochran and he is uh<00:00:57.000>more <00:00:57.199>than <00:00:57.399>60 <00:00:57.800>miles <00:00:58.160>away <00:00:58.519>and <00:00:58.680>he's 00:00:58.950 --> 00:00:58.960 align:start position:0% uh more than 60 miles away and he's 00:00:58.960 --> 00:01:00.470 align:start position:0% uh more than 60 miles away and he's requested 00:01:00.470 --> 00:01:00.480 align:start position:0% requested 00:01:00.480 --> 00:01:04.109 align:start position:0% requested uh<00:01:00.600>to <00:01:00.840>participate <00:01:01.519>remotely <00:01:02.640>and <00:01:03.640>I <00:01:03.760>need <00:01:03.960>a 00:01:04.109 --> 00:01:04.119 align:start position:0% uh to participate remotely and I need a 00:01:04.119 --> 00:01:05.830 align:start position:0% uh to participate remotely and I need a motion<00:01:04.640>and <00:01:04.839>a 00:01:05.830 --> 00:01:05.840 align:start position:0% motion and a 00:01:05.840 --> 00:01:09.429 align:start position:0% motion and a second<00:01:06.840>I'll <00:01:07.040>move <00:01:07.360>that <00:01:07.600>we <00:01:07.920>accept <00:01:08.439>his 00:01:09.429 --> 00:01:09.439 align:start position:0% second I'll move that we accept his 00:01:09.439 --> 00:01:11.670 align:start position:0% second I'll move that we accept his reason<00:01:09.720>for <00:01:09.920>not <00:01:10.119>being <00:01:10.439>here 00:01:11.670 --> 00:01:11.680 align:start position:0% reason for not being here 00:01:11.680 --> 00:01:15.429 align:start position:0% reason for not being here today<00:01:12.680>have <00:01:12.880>motion <00:01:13.080>a <00:01:13.280>second <00:01:13.600>all <00:01:13.799>in <00:01:14.439>favor 00:01:15.429 --> 00:01:15.439 align:start position:0% today have motion a second all in favor 00:01:15.439 --> 00:01:16.429 align:start position:0% today have motion a second all in favor I 00:01:16.429 --> 00:01:16.439 align:start position:0% I 00:01:16.439 --> 00:01:19.789 align:start position:0% I yes<00:01:17.439>the <00:01:17.600>next <00:01:17.799>one <00:01:18.080>is <00:01:18.759>Mr <00:01:19.040>Prather <00:01:19.479>Bruce 00:01:19.789 --> 00:01:19.799 align:start position:0% yes the next one is Mr Prather Bruce 00:01:19.799 --> 00:01:22.149 align:start position:0% yes the next one is Mr Prather Bruce Prather<00:01:20.240>he's <00:01:20.439>more <00:01:20.640>than <00:01:20.840>60 <00:01:21.240>miles <00:01:21.600>away <00:01:21.920>and 00:01:22.149 --> 00:01:22.159 align:start position:0% Prather he's more than 60 miles away and 00:01:22.159 --> 00:01:25.990 align:start position:0% Prather he's more than 60 miles away and he's<00:01:23.040>requested <00:01:24.040>approval <00:01:24.520>to <00:01:24.840>participate 00:01:25.990 --> 00:01:26.000 align:start position:0% he's requested approval to participate 00:01:26.000 --> 00:01:28.830 align:start position:0% he's requested approval to participate remotely<00:01:27.000>I <00:01:27.119>need <00:01:27.240>a <00:01:27.400>motion <00:01:27.680>in <00:01:27.840>a 00:01:28.830 --> 00:01:28.840 align:start position:0% remotely I need a motion in a 00:01:28.840 --> 00:01:32.310 align:start position:0% remotely I need a motion in a second 00:01:32.310 --> 00:01:32.320 align:start position:0% 00:01:32.320 --> 00:01:34.870 align:start position:0% accept<00:01:33.320>motion <00:01:33.680>have <00:01:33.880>second <00:01:34.200>I'll <00:01:34.439>second 00:01:34.870 --> 00:01:34.880 align:start position:0% accept motion have second I'll second 00:01:34.880 --> 00:01:37.030 align:start position:0% accept motion have second I'll second that<00:01:35.399>we <00:01:35.520>have <00:01:35.720>motion <00:01:35.920>and <00:01:36.119>second <00:01:36.399>all <00:01:36.600>in 00:01:37.030 --> 00:01:37.040 align:start position:0% that we have motion and second all in 00:01:37.040 --> 00:01:41.310 align:start position:0% that we have motion and second all in favor<00:01:38.040>yes <00:01:38.439>yes <00:01:39.399>opposed <00:01:40.280>okay <00:01:40.520>thank <00:01:40.720>you <00:01:41.000>the 00:01:41.310 --> 00:01:41.320 align:start position:0% favor yes yes opposed okay thank you the 00:01:41.320 --> 00:01:45.469 align:start position:0% favor yes yes opposed okay thank you the next<00:01:41.520>one <00:01:41.759>is <00:01:42.159>uh <00:01:42.640>Mary <00:01:43.280>quillin <00:01:44.280>Miss <00:01:44.520>quillin 00:01:45.469 --> 00:01:45.479 align:start position:0% next one is uh Mary quillin Miss quillin 00:01:45.479 --> 00:01:47.990 align:start position:0% next one is uh Mary quillin Miss quillin has<00:01:45.880>some <00:01:46.280>medical <00:01:46.759>problems <00:01:47.320>that's <00:01:47.600>causing 00:01:47.990 --> 00:01:48.000 align:start position:0% has some medical problems that's causing 00:01:48.000 --> 00:01:51.469 align:start position:0% has some medical problems that's causing her<00:01:48.280>to <00:01:48.840>uh <00:01:49.799>stay <00:01:50.079>at <00:01:50.240>home <00:01:50.439>today <00:01:50.880>and <00:01:51.200>she's 00:01:51.469 --> 00:01:51.479 align:start position:0% her to uh stay at home today and she's 00:01:51.479 --> 00:01:53.230 align:start position:0% her to uh stay at home today and she's still<00:01:51.759>with <00:01:51.920>us <00:01:52.079>she's <00:01:52.280>going <00:01:52.360>to <00:01:52.600>participate 00:01:53.230 --> 00:01:53.240 align:start position:0% still with us she's going to participate 00:01:53.240 --> 00:01:55.350 align:start position:0% still with us she's going to participate just<00:01:53.439>needs <00:01:53.680>to <00:01:53.880>do <00:01:54.000>it <00:01:54.119>remotely <00:01:54.600>and <00:01:54.719>I <00:01:55.040>ask 00:01:55.350 --> 00:01:55.360 align:start position:0% just needs to do it remotely and I ask 00:01:55.360 --> 00:01:58.830 align:start position:0% just needs to do it remotely and I ask that<00:01:55.479>we <00:01:55.759>approve <00:01:56.280>her <00:01:56.640>request <00:01:57.640>for <00:01:58.000>remote 00:01:58.830 --> 00:01:58.840 align:start position:0% that we approve her request for remote 00:01:58.840 --> 00:02:02.389 align:start position:0% that we approve her request for remote participation<00:02:00.079>I <00:02:00.200>need <00:02:00.320>a <00:02:00.920>motion <00:02:01.920>I'll <00:02:02.079>move 00:02:02.389 --> 00:02:02.399 align:start position:0% participation I need a motion I'll move 00:02:02.399 --> 00:02:05.270 align:start position:0% participation I need a motion I'll move that<00:02:02.560>we <00:02:02.759>approve <00:02:03.600>uh <00:02:04.000>the <00:02:04.200>request <00:02:04.560>for <00:02:04.920>Mary 00:02:05.270 --> 00:02:05.280 align:start position:0% that we approve uh the request for Mary 00:02:05.280 --> 00:02:06.830 align:start position:0% that we approve uh the request for Mary qu 00:02:06.830 --> 00:02:06.840 align:start position:0% qu 00:02:06.840 --> 00:02:09.029 align:start position:0% qu than<00:02:07.840>we <00:02:07.920>have <00:02:08.000>a <00:02:08.119>motion <00:02:08.360>and <00:02:08.560>second <00:02:08.879>all 00:02:09.029 --> 00:02:09.039 align:start position:0% than we have a motion and second all 00:02:09.039 --> 00:02:11.750 align:start position:0% than we have a motion and second all those<00:02:09.200>in <00:02:09.319>favor <00:02:09.599>say <00:02:09.879>I 00:02:11.750 --> 00:02:11.760 align:start position:0% those in favor say I 00:02:11.760 --> 00:02:14.910 align:start position:0% those in favor say I I<00:02:12.760>okay <00:02:13.200>now <00:02:13.360>we're <00:02:13.599>all <00:02:14.040>together <00:02:14.400>again <00:02:14.760>now 00:02:14.910 --> 00:02:14.920 align:start position:0% I okay now we're all together again now 00:02:14.920 --> 00:02:16.710 align:start position:0% I okay now we're all together again now let's<00:02:15.160>let <00:02:15.400>the <00:02:15.480>board <00:02:15.800>introduce <00:02:16.400>themselves 00:02:16.710 --> 00:02:16.720 align:start position:0% let's let the board introduce themselves 00:02:16.720 --> 00:02:20.910 align:start position:0% let's let the board introduce themselves starting<00:02:17.440>with <00:02:18.440>Mr <00:02:18.920>Jon <00:02:19.920>just <00:02:20.160>Janson <00:02:20.560>I'm <00:02:20.720>a 00:02:20.910 --> 00:02:20.920 align:start position:0% starting with Mr Jon just Janson I'm a 00:02:20.920 --> 00:02:22.190 align:start position:0% starting with Mr Jon just Janson I'm a public 00:02:22.190 --> 00:02:22.200 align:start position:0% public 00:02:22.200 --> 00:02:25.070 align:start position:0% public member<00:02:23.200>uh <00:02:23.360>I'm <00:02:23.519>Donnie <00:02:23.840>R <00:02:24.280>representing <00:02:24.720>Cole 00:02:25.070 --> 00:02:25.080 align:start position:0% member uh I'm Donnie R representing Cole 00:02:25.080 --> 00:02:28.229 align:start position:0% member uh I'm Donnie R representing Cole and<00:02:25.239>serve <00:02:25.560>as <00:02:25.920>chairman <00:02:26.920>I'm <00:02:27.120>Bill <00:02:27.400>Harris <00:02:27.959>a 00:02:28.229 --> 00:02:28.239 align:start position:0% and serve as chairman I'm Bill Harris a 00:02:28.239 --> 00:02:30.830 align:start position:0% and serve as chairman I'm Bill Harris a public<00:02:28.760>member 00:02:30.830 --> 00:02:30.840 align:start position:0% public member 00:02:30.840 --> 00:02:33.150 align:start position:0% public member public 00:02:33.150 --> 00:02:33.160 align:start position:0% public 00:02:33.160 --> 00:02:36.550 align:start position:0% public member<00:02:34.160>I'm <00:02:34.360>Bruce <00:02:34.680>prer <00:02:35.200>I <00:02:35.440>represent <00:02:36.440>the 00:02:36.550 --> 00:02:36.560 align:start position:0% member I'm Bruce prer I represent the 00:02:36.560 --> 00:02:38.790 align:start position:0% member I'm Bruce prer I represent the oil<00:02:36.800>and <00:02:37.040>gas <00:02:37.360>industry <00:02:37.879>on <00:02:38.080>the 00:02:38.790 --> 00:02:38.800 align:start position:0% oil and gas industry on the 00:02:38.800 --> 00:02:43.750 align:start position:0% oil and gas industry on the board<00:02:39.800>thank <00:02:39.959>you <00:02:40.120>Miss 00:02:43.750 --> 00:02:43.760 align:start position:0% 00:02:43.760 --> 00:02:53.229 align:start position:0% quillin<00:02:44.760>Miss 00:02:53.229 --> 00:02:53.239 align:start position:0% 00:02:53.239 --> 00:02:57.350 align:start position:0% quillin<00:02:54.239>I <00:02:54.400>heard <00:02:54.599>her <00:02:54.760>on <00:02:55.000>there <00:02:55.239>earlier <00:02:56.239>Mr 00:02:57.350 --> 00:02:57.360 align:start position:0% quillin I heard her on there earlier Mr 00:02:57.360 --> 00:03:00.149 align:start position:0% quillin I heard her on there earlier Mr Cochran<00:02:58.360>uh <00:02:58.519>yes <00:02:58.680>I'm <00:02:58.840>Willie <00:02:59.200>Cochran <00:03:00.080>I'm 00:03:00.149 --> 00:03:00.159 align:start position:0% Cochran uh yes I'm Willie Cochran I'm 00:03:00.159 --> 00:03:03.350 align:start position:0% Cochran uh yes I'm Willie Cochran I'm the<00:03:00.319>Virginia <00:03:00.800>energy 00:03:03.350 --> 00:03:03.360 align:start position:0% the Virginia energy 00:03:03.360 --> 00:03:09.630 align:start position:0% the Virginia energy member<00:03:04.360>thank <00:03:04.519>you <00:03:04.720>miss <00:03:04.959>quillin <00:03:05.360>you <00:03:05.560>with 00:03:09.630 --> 00:03:09.640 align:start position:0% 00:03:09.640 --> 00:03:12.830 align:start position:0% us<00:03:10.640>thank <00:03:10.799>you <00:03:10.959>and <00:03:11.040>we <00:03:11.200>also <00:03:11.599>have <00:03:12.040>Eric <00:03:12.280>lanon 00:03:12.830 --> 00:03:12.840 align:start position:0% us thank you and we also have Eric lanon 00:03:12.840 --> 00:03:15.070 align:start position:0% us thank you and we also have Eric lanon from<00:03:13.000>the <00:03:13.120>AG's <00:03:13.680>office <00:03:14.040>Eric <00:03:14.440>thank <00:03:14.599>you <00:03:14.760>for 00:03:15.070 --> 00:03:15.080 align:start position:0% from the AG's office Eric thank you for 00:03:15.080 --> 00:03:16.630 align:start position:0% from the AG's office Eric thank you for being<00:03:15.760>with <00:03:15.920>us 00:03:16.630 --> 00:03:16.640 align:start position:0% being with us 00:03:16.640 --> 00:03:19.830 align:start position:0% being with us today<00:03:17.640>good <00:03:17.799>morning <00:03:18.040>Mr <00:03:18.280>chair <00:03:18.760>and <00:03:19.080>uh <00:03:19.280>can <00:03:19.440>I 00:03:19.830 --> 00:03:19.840 align:start position:0% today good morning Mr chair and uh can I 00:03:19.840 --> 00:03:22.509 align:start position:0% today good morning Mr chair and uh can I uh<00:03:20.000>can <00:03:20.120>I <00:03:20.239>introduce <00:03:20.720>Jackson <00:03:21.080>Brown <00:03:21.560>as <00:03:21.720>well 00:03:22.509 --> 00:03:22.519 align:start position:0% uh can I introduce Jackson Brown as well 00:03:22.519 --> 00:03:24.430 align:start position:0% uh can I introduce Jackson Brown as well I<00:03:22.640>believe 00:03:24.430 --> 00:03:24.440 align:start position:0% I believe 00:03:24.440 --> 00:03:29.110 align:start position:0% I believe no<00:03:25.799>okay <00:03:26.799>yes <00:03:27.560>please <00:03:28.560>that's <00:03:28.959>that's 00:03:29.110 --> 00:03:29.120 align:start position:0% no okay yes please that's that's 00:03:29.120 --> 00:03:30.710 align:start position:0% no okay yes please that's that's certainly<00:03:29.959>if <00:03:30.040>you'd <00:03:30.200>like <00:03:30.360>to <00:03:30.519>just 00:03:30.710 --> 00:03:30.720 align:start position:0% certainly if you'd like to just 00:03:30.720 --> 00:03:33.710 align:start position:0% certainly if you'd like to just introduce<00:03:31.239>himself <00:03:32.239>uh <00:03:32.640>he <00:03:33.080>uh <00:03:33.239>he <00:03:33.360>has <00:03:33.519>been 00:03:33.710 --> 00:03:33.720 align:start position:0% introduce himself uh he uh he has been 00:03:33.720 --> 00:03:37.910 align:start position:0% introduce himself uh he uh he has been here<00:03:34.280>before <00:03:35.280>uh <00:03:35.560>but <00:03:35.840>in <00:03:36.040>case <00:03:36.599>uh <00:03:36.799>in <00:03:36.959>case <00:03:37.640>it 00:03:37.910 --> 00:03:37.920 align:start position:0% here before uh but in case uh in case it 00:03:37.920 --> 00:03:41.789 align:start position:0% here before uh but in case uh in case it has<00:03:38.080>not <00:03:38.239>been <00:03:38.439>mentioned <00:03:39.120>yet <00:03:40.120>um <00:03:41.000>we <00:03:41.159>will <00:03:41.640>uh 00:03:41.789 --> 00:03:41.799 align:start position:0% has not been mentioned yet um we will uh 00:03:41.799 --> 00:03:44.589 align:start position:0% has not been mentioned yet um we will uh we<00:03:41.879>will <00:03:42.080>be <00:03:42.319>having <00:03:42.720>him <00:03:43.239>as <00:03:43.480>the <00:03:43.720>designated 00:03:44.589 --> 00:03:44.599 align:start position:0% we will be having him as the designated 00:03:44.599 --> 00:03:46.710 align:start position:0% we will be having him as the designated attorney<00:03:45.000>for <00:03:45.159>the <00:03:45.280>Virginia <00:03:45.799>Gas <00:03:46.040>and <00:03:46.280>Oil 00:03:46.710 --> 00:03:46.720 align:start position:0% attorney for the Virginia Gas and Oil 00:03:46.720 --> 00:03:50.550 align:start position:0% attorney for the Virginia Gas and Oil board<00:03:47.720>uh <00:03:47.879>in <00:03:48.040>the <00:03:48.280>pretty <00:03:48.560>near <00:03:49.159>future <00:03:50.159>uh <00:03:50.400>I 00:03:50.550 --> 00:03:50.560 align:start position:0% board uh in the pretty near future uh I 00:03:50.560 --> 00:03:52.670 align:start position:0% board uh in the pretty near future uh I expect<00:03:51.120>uh <00:03:51.319>around <00:03:51.879>uh <00:03:52.040>around <00:03:52.239>the <00:03:52.360>beginning 00:03:52.670 --> 00:03:52.680 align:start position:0% expect uh around uh around the beginning 00:03:52.680 --> 00:03:54.949 align:start position:0% expect uh around uh around the beginning of<00:03:52.879>this <00:03:53.040>year <00:03:53.360>in <00:03:53.519>the <00:03:53.720>meanwhile <00:03:54.400>I'm <00:03:54.680>here 00:03:54.949 --> 00:03:54.959 align:start position:0% of this year in the meanwhile I'm here 00:03:54.959 --> 00:03:58.509 align:start position:0% of this year in the meanwhile I'm here to<00:03:55.959>uh <00:03:56.120>kind <00:03:56.239>of <00:03:56.480>facilitate <00:03:57.159>that <00:03:57.519>transition 00:03:58.509 --> 00:03:58.519 align:start position:0% to uh kind of facilitate that transition 00:03:58.519 --> 00:04:01.910 align:start position:0% to uh kind of facilitate that transition uh<00:03:58.799>I'm <00:03:59.400>here <00:03:59.720>here <00:04:00.239>uh <00:04:00.720>to <00:04:01.200>kind <00:04:01.319>of <00:04:01.599>take <00:04:01.799>the 00:04:01.910 --> 00:04:01.920 align:start position:0% uh I'm here here uh to kind of take the 00:04:01.920 --> 00:04:04.670 align:start position:0% uh I'm here here uh to kind of take the lead<00:04:02.200>today <00:04:02.879>and <00:04:03.280>uh <00:04:03.560>and <00:04:03.799>then <00:04:03.959>in <00:04:04.079>the <00:04:04.239>future 00:04:04.670 --> 00:04:04.680 align:start position:0% lead today and uh and then in the future 00:04:04.680 --> 00:04:06.589 align:start position:0% lead today and uh and then in the future I'll<00:04:04.879>be <00:04:05.239>I'll <00:04:05.360>be <00:04:05.519>along <00:04:05.920>as <00:04:06.079>well <00:04:06.280>for <00:04:06.480>a 00:04:06.589 --> 00:04:06.599 align:start position:0% I'll be I'll be along as well for a 00:04:06.599 --> 00:04:09.069 align:start position:0% I'll be I'll be along as well for a couple<00:04:06.799>of <00:04:06.959>other <00:04:07.079>meetings <00:04:07.519>but <00:04:07.959>Jackson <00:04:08.959>uh 00:04:09.069 --> 00:04:09.079 align:start position:0% couple of other meetings but Jackson uh 00:04:09.079 --> 00:04:11.710 align:start position:0% couple of other meetings but Jackson uh is<00:04:09.200>our <00:04:09.400>newest <00:04:09.840>Assistant <00:04:10.239>Attorney <00:04:10.720>General 00:04:11.710 --> 00:04:11.720 align:start position:0% is our newest Assistant Attorney General 00:04:11.720 --> 00:04:14.069 align:start position:0% is our newest Assistant Attorney General uh<00:04:11.840>in <00:04:11.959>the <00:04:12.120>environmental <00:04:12.680>section <00:04:13.400>and <00:04:13.840>uh 00:04:14.069 --> 00:04:14.079 align:start position:0% uh in the environmental section and uh 00:04:14.079 --> 00:04:17.270 align:start position:0% uh in the environmental section and uh and<00:04:14.480>he <00:04:14.680>is <00:04:15.040>uh <00:04:15.680>he's <00:04:16.280>well <00:04:16.600>I <00:04:16.680>won't <00:04:16.919>speak <00:04:17.120>for 00:04:17.270 --> 00:04:17.280 align:start position:0% and he is uh he's well I won't speak for 00:04:17.280 --> 00:04:18.670 align:start position:0% and he is uh he's well I won't speak for him<00:04:17.479>I <00:04:17.560>was <00:04:17.680>about <00:04:17.840>to <00:04:17.959>say <00:04:18.120>he's <00:04:18.280>pleased <00:04:18.600>to 00:04:18.670 --> 00:04:18.680 align:start position:0% him I was about to say he's pleased to 00:04:18.680 --> 00:04:20.030 align:start position:0% him I was about to say he's pleased to be<00:04:18.840>with <00:04:18.959>you <00:04:19.160>but <00:04:19.239>I'll <00:04:19.400>let <00:04:19.519>you <00:04:19.680>speak <00:04:19.880>for 00:04:20.030 --> 00:04:20.040 align:start position:0% be with you but I'll let you speak for 00:04:20.040 --> 00:04:22.110 align:start position:0% be with you but I'll let you speak for yourself 00:04:22.110 --> 00:04:22.120 align:start position:0% yourself 00:04:22.120 --> 00:04:23.909 align:start position:0% yourself Jackson<00:04:23.120>hey <00:04:23.240>it's <00:04:23.360>a <00:04:23.440>great <00:04:23.639>to <00:04:23.720>meet 00:04:23.909 --> 00:04:23.919 align:start position:0% Jackson hey it's a great to meet 00:04:23.919 --> 00:04:26.070 align:start position:0% Jackson hey it's a great to meet everybody<00:04:24.360>and <00:04:24.560>yes <00:04:24.960>happy <00:04:25.160>to <00:04:25.320>be <00:04:25.520>here <00:04:25.759>I'm 00:04:26.070 --> 00:04:26.080 align:start position:0% everybody and yes happy to be here I'm 00:04:26.080 --> 00:04:27.790 align:start position:0% everybody and yes happy to be here I'm really<00:04:26.280>thankful <00:04:26.560>for <00:04:26.720>Eric <00:04:26.960>to <00:04:27.120>help <00:04:27.360>kind <00:04:27.479>of 00:04:27.790 --> 00:04:27.800 align:start position:0% really thankful for Eric to help kind of 00:04:27.800 --> 00:04:30.029 align:start position:0% really thankful for Eric to help kind of uh<00:04:28.040>guide <00:04:28.479>this <00:04:28.880>transition <00:04:29.360>process <00:04:29.639>process 00:04:30.029 --> 00:04:30.039 align:start position:0% uh guide this transition process process 00:04:30.039 --> 00:04:32.510 align:start position:0% uh guide this transition process process so<00:04:30.960>you <00:04:31.080>know <00:04:31.240>interested <00:04:31.600>to <00:04:32.120>be <00:04:32.280>working 00:04:32.510 --> 00:04:32.520 align:start position:0% so you know interested to be working 00:04:32.520 --> 00:04:33.629 align:start position:0% so you know interested to be working with<00:04:32.639>you'all <00:04:32.919>and <00:04:33.039>excited <00:04:33.360>to <00:04:33.400>work <00:04:33.560>with 00:04:33.629 --> 00:04:33.639 align:start position:0% with you'all and excited to work with 00:04:33.639 --> 00:04:34.990 align:start position:0% with you'all and excited to work with you<00:04:33.759>in <00:04:33.840>the <00:04:33.960>future <00:04:34.400>and <00:04:34.560>you <00:04:34.639>know <00:04:34.800>kind <00:04:34.919>of 00:04:34.990 --> 00:04:35.000 align:start position:0% you in the future and you know kind of 00:04:35.000 --> 00:04:36.870 align:start position:0% you in the future and you know kind of learn<00:04:35.199>the <00:04:35.320>ropes <00:04:35.680>from <00:04:36.039>from <00:04:36.240>Eric <00:04:36.479>for <00:04:36.680>these 00:04:36.870 --> 00:04:36.880 align:start position:0% learn the ropes from from Eric for these 00:04:36.880 --> 00:04:39.029 align:start position:0% learn the ropes from from Eric for these next<00:04:37.080>you <00:04:37.199>know <00:04:37.639>meeting <00:04:37.919>or <00:04:38.080>two <00:04:38.360>so <00:04:38.759>great <00:04:38.919>to 00:04:39.029 --> 00:04:39.039 align:start position:0% next you know meeting or two so great to 00:04:39.039 --> 00:04:42.510 align:start position:0% next you know meeting or two so great to meet<00:04:39.199>youall <00:04:39.560>and <00:04:39.919>um <00:04:40.880>yeah <00:04:41.080>happy <00:04:41.280>to <00:04:41.360>be 00:04:42.510 --> 00:04:42.520 align:start position:0% meet youall and um yeah happy to be 00:04:42.520 --> 00:04:48.469 align:start position:0% meet youall and um yeah happy to be here<00:04:43.520>thank <00:04:43.680>you <00:04:43.919>welcome <00:04:44.240>aboard 00:04:48.469 --> 00:04:48.479 align:start position:0% 00:04:48.479 --> 00:04:51.150 align:start position:0% Jackson<00:04:49.479>we <00:04:49.680>also <00:04:49.919>like <00:04:50.120>to <00:04:50.280>recognize <00:04:50.960>we 00:04:51.150 --> 00:04:51.160 align:start position:0% Jackson we also like to recognize we 00:04:51.160 --> 00:04:54.909 align:start position:0% Jackson we also like to recognize we have<00:04:51.840>uh <00:04:52.840>bill <00:04:53.120>scarupa <00:04:53.800>with <00:04:53.960>the <00:04:54.600>he's <00:04:54.800>the 00:04:54.909 --> 00:04:54.919 align:start position:0% have uh bill scarupa with the he's the 00:04:54.919 --> 00:04:56.510 align:start position:0% have uh bill scarupa with the he's the director<00:04:55.240>of <00:04:55.360>the <00:04:55.479>division <00:04:55.759>of <00:04:55.919>gas <00:04:56.120>and <00:04:56.280>oil 00:04:56.510 --> 00:04:56.520 align:start position:0% director of the division of gas and oil 00:04:56.520 --> 00:05:01.230 align:start position:0% director of the division of gas and oil we<00:04:56.639>got <00:04:56.800>Sarah <00:04:57.360>Gilmer <00:04:57.800>with <00:04:57.960>us <00:04:58.560>today <00:04:59.720>and <00:05:00.240>uh 00:05:01.230 --> 00:05:01.240 align:start position:0% we got Sarah Gilmer with us today and uh 00:05:01.240 --> 00:05:03.070 align:start position:0% we got Sarah Gilmer with us today and uh we<00:05:01.400>got <00:05:01.600>Bradley 00:05:03.070 --> 00:05:03.080 align:start position:0% we got Bradley 00:05:03.080 --> 00:05:05.430 align:start position:0% we got Bradley boy<00:05:04.080>with <00:05:04.199>us 00:05:05.430 --> 00:05:05.440 align:start position:0% boy with us 00:05:05.440 --> 00:05:09.070 align:start position:0% boy with us today 00:05:09.070 --> 00:05:09.080 align:start position:0% 00:05:09.080 --> 00:05:12.189 align:start position:0% uh<00:05:10.080>the <00:05:10.240>board <00:05:10.479>will <00:05:10.840>approve 00:05:12.189 --> 00:05:12.199 align:start position:0% uh the board will approve 00:05:12.199 --> 00:05:14.830 align:start position:0% uh the board will approve and<00:05:13.199>remote <00:05:13.639>attendant <00:05:14.120>we've <00:05:14.320>already <00:05:14.560>done 00:05:14.830 --> 00:05:14.840 align:start position:0% and remote attendant we've already done 00:05:14.840 --> 00:05:18.390 align:start position:0% and remote attendant we've already done that<00:05:15.720>do <00:05:15.840>we <00:05:16.000>have <00:05:16.160>any <00:05:16.479>public 00:05:18.390 --> 00:05:18.400 align:start position:0% that do we have any public 00:05:18.400 --> 00:05:28.469 align:start position:0% that do we have any public expression<00:05:19.400>anyone <00:05:19.800>online <00:05:20.479>or <00:05:20.800>anyone 00:05:28.469 --> 00:05:28.479 align:start position:0% 00:05:28.479 --> 00:05:42.270 align:start position:0% here 00:05:42.270 --> 00:05:42.280 align:start position:0% 00:05:42.280 --> 00:05:46.629 align:start position:0% when<00:05:42.440>do <00:05:42.520>you <00:05:42.600>want <00:05:42.720>to <00:05:42.840>do <00:05:43.039>the 00:05:46.629 --> 00:05:46.639 align:start position:0% 00:05:46.639 --> 00:05:52.189 align:start position:0% bank<00:05:47.639>number 00:05:52.189 --> 00:05:52.199 align:start position:0% 00:05:52.199 --> 00:05:54.790 align:start position:0% three<00:05:53.199>better <00:05:53.360>if <00:05:53.440>I <00:05:53.600>work <00:05:53.800>off <00:05:54.080>the <00:05:54.440>docket 00:05:54.790 --> 00:05:54.800 align:start position:0% three better if I work off the docket 00:05:54.800 --> 00:05:58.029 align:start position:0% three better if I work off the docket instead<00:05:55.080>of <00:05:55.199>the 00:05:58.029 --> 00:05:58.039 align:start position:0% 00:05:58.039 --> 00:06:00.990 align:start position:0% minut<00:05:59.039>okay 00:06:00.990 --> 00:06:01.000 align:start position:0% minut okay 00:06:01.000 --> 00:06:03.189 align:start position:0% minut okay at<00:06:01.160>this <00:06:01.400>time <00:06:01.919>we' <00:06:02.199>ask <00:06:02.400>First <00:06:02.639>Bank <00:06:02.880>and 00:06:03.189 --> 00:06:03.199 align:start position:0% at this time we' ask First Bank and 00:06:03.199 --> 00:06:05.990 align:start position:0% at this time we' ask First Bank and Trust<00:06:03.919>our <00:06:04.080>escrow <00:06:04.600>agent <00:06:04.919>to <00:06:05.319>come <00:06:05.520>forward 00:06:05.990 --> 00:06:06.000 align:start position:0% Trust our escrow agent to come forward 00:06:06.000 --> 00:06:08.909 align:start position:0% Trust our escrow agent to come forward and<00:06:06.440>uh <00:06:06.960>present <00:06:07.240>our <00:06:07.440>corly <00:06:07.919>report <00:06:08.280>for <00:06:08.520>July 00:06:08.909 --> 00:06:08.919 align:start position:0% and uh present our corly report for July 00:06:08.919 --> 00:06:09.710 align:start position:0% and uh present our corly report for July through 00:06:09.710 --> 00:06:09.720 align:start position:0% through 00:06:09.720 --> 00:06:13.830 align:start position:0% through September<00:06:10.840>Jody <00:06:11.840>good <00:06:12.039>morning 00:06:13.830 --> 00:06:13.840 align:start position:0% September Jody good morning 00:06:13.840 --> 00:06:17.029 align:start position:0% September Jody good morning everyone 00:06:17.029 --> 00:06:17.039 align:start position:0% 00:06:17.039 --> 00:06:21.589 align:start position:0% morning<00:06:18.039>I <00:06:18.199>assume <00:06:18.560>everybody <00:06:19.080>has <00:06:19.240>the <00:06:19.479>we'll <00:06:22.800>start <00:06:23.039>out <00:06:23.240>on <00:06:23.599>page <00:06:23.840>three 00:06:24.230 --> 00:06:24.240 align:start position:0% version we'll start out on page three 00:06:24.240 --> 00:06:26.390 align:start position:0% version we'll start out on page three this<00:06:24.360>is <00:06:24.479>a <00:06:24.599>summary <00:06:24.960>of <00:06:25.080>our <00:06:25.199>third <00:06:25.479>quarter 00:06:26.390 --> 00:06:26.400 align:start position:0% this is a summary of our third quarter 00:06:26.400 --> 00:06:28.909 align:start position:0% this is a summary of our third quarter report<00:06:27.400>the <00:06:27.520>beginning <00:06:27.919>balance <00:06:28.360>as <00:06:28.520>of <00:06:28.680>June 00:06:28.909 --> 00:06:28.919 align:start position:0% report the beginning balance as of June 00:06:28.919 --> 00:06:32.110 align:start position:0% report the beginning balance as of June 30th<00:06:29.840>was 00:06:32.110 --> 00:06:32.120 align:start position:0% 30th was 00:06:32.120 --> 00:06:34.990 align:start position:0% 30th was 5,138 00:06:34.990 --> 00:06:35.000 align:start position:0% 5,138 00:06:35.000 --> 00:06:37.990 align:start position:0% 5,138 4.95<00:06:36.000>for <00:06:36.199>the <00:06:36.360>third <00:06:36.639>quarter <00:06:37.639>we <00:06:37.800>had 00:06:37.990 --> 00:06:38.000 align:start position:0% 4.95 for the third quarter we had 00:06:38.000 --> 00:06:41.110 align:start position:0% 4.95 for the third quarter we had royalty<00:06:38.440>and <00:06:38.520>working <00:06:38.840>income <00:06:39.280>deposits <00:06:40.280>$ 00:06:41.110 --> 00:06:41.120 align:start position:0% royalty and working income deposits $ 00:06:41.120 --> 00:06:44.710 align:start position:0% royalty and working income deposits $ 39,5 00:06:44.710 --> 00:06:44.720 align:start position:0% 00:06:44.720 --> 00:06:47.469 align:start position:0% 28991<00:06:45.720>interest <00:06:46.080>earn <00:06:46.560>this <00:06:46.680>is <00:06:46.800>money <00:06:47.120>market 00:06:47.469 --> 00:06:47.479 align:start position:0% 28991 interest earn this is money market 00:06:47.479 --> 00:06:51.510 align:start position:0% 28991 interest earn this is money market and<00:06:47.680>Cedar's <00:06:48.280>interest 00:06:51.510 --> 00:06:51.520 align:start position:0% 00:06:51.520 --> 00:06:53.390 align:start position:0% $2,568 00:06:53.390 --> 00:06:53.400 align:start position:0% $2,568 00:06:53.400 --> 00:06:56.869 align:start position:0% $2,568 199<00:06:54.400>fees <00:06:54.800>paid <00:06:55.039>for <00:06:55.199>the <00:06:55.360>quarter <00:06:55.960>was 00:06:56.869 --> 00:06:56.879 align:start position:0% 199 fees paid for the quarter was 00:06:56.879 --> 00:07:00.230 align:start position:0% 199 fees paid for the quarter was $5,151 00:07:00.230 --> 00:07:00.240 align:start position:0% 00:07:00.240 --> 00:07:01.869 align:start position:0% distributions<00:07:00.879>were <00:07:01.080>a <00:07:01.160>little <00:07:01.360>slower <00:07:01.720>for 00:07:01.869 --> 00:07:01.879 align:start position:0% distributions were a little slower for 00:07:01.879 --> 00:07:04.230 align:start position:0% distributions were a little slower for the<00:07:02.000>third <00:07:02.280>quarter <00:07:02.960>we <00:07:03.160>distributed <00:07:03.639>out 00:07:04.230 --> 00:07:04.240 align:start position:0% the third quarter we distributed out 00:07:04.240 --> 00:07:06.589 align:start position:0% the third quarter we distributed out $612 00:07:06.589 --> 00:07:06.599 align:start position:0% $612 00:07:06.599 --> 00:07:08.510 align:start position:0% $612 346<00:07:07.599>we <00:07:07.720>had <00:07:07.879>a 00:07:08.510 --> 00:07:08.520 align:start position:0% 346 we had a 00:07:08.520 --> 00:07:11.430 align:start position:0% 346 we had a $14.40<00:07:09.520>adjustment <00:07:10.280>and <00:07:10.440>that <00:07:10.560>was <00:07:10.759>a <00:07:11.039>voided 00:07:11.430 --> 00:07:11.440 align:start position:0% $14.40 adjustment and that was a voided 00:07:11.440 --> 00:07:13.909 align:start position:0% $14.40 adjustment and that was a voided check<00:07:11.879>from <00:07:12.400>prior <00:07:12.720>months <00:07:13.479>that <00:07:13.560>we <00:07:13.680>needed 00:07:13.909 --> 00:07:13.919 align:start position:0% check from prior months that we needed 00:07:13.919 --> 00:07:16.309 align:start position:0% check from prior months that we needed to<00:07:14.080>adjust <00:07:14.360>in <00:07:14.520>this <00:07:14.840>quarter <00:07:15.840>leing <00:07:16.120>us <00:07:16.199>an 00:07:16.309 --> 00:07:16.319 align:start position:0% to adjust in this quarter leing us an 00:07:16.319 --> 00:07:19.869 align:start position:0% to adjust in this quarter leing us an ending<00:07:16.639>balance <00:07:17.199>for <00:07:17.479>September <00:07:17.879>the <00:07:18.039>30th <00:07:18.560>at 00:07:19.869 --> 00:07:19.879 align:start position:0% ending balance for September the 30th at 00:07:19.879 --> 00:07:25.150 align:start position:0% ending balance for September the 30th at 5,183 00:07:25.150 --> 00:07:25.160 align:start position:0% 00:07:25.160 --> 00:07:29.830 align:start position:0% 92170<00:07:26.160>on <00:07:26.400>page <00:07:26.639>four <00:07:27.479>the <00:07:27.680>review <00:07:28.000>of <00:07:28.319>2023 <00:07:29.520>so 00:07:29.830 --> 00:07:29.840 align:start position:0% 92170 on page four the review of 2023 so 00:07:29.840 --> 00:07:32.550 align:start position:0% 92170 on page four the review of 2023 so far<00:07:30.400>this <00:07:30.960>year <00:07:31.280>we <00:07:31.440>have <00:07:31.680>processed <00:07:32.160>eight 00:07:32.550 --> 00:07:32.560 align:start position:0% far this year we have processed eight 00:07:32.560 --> 00:07:36.070 align:start position:0% far this year we have processed eight treasury<00:07:33.280>dockets <00:07:34.280>for <00:07:34.479>a <00:07:34.599>total <00:07:34.840>of 00:07:36.070 --> 00:07:36.080 align:start position:0% treasury dockets for a total of 00:07:36.080 --> 00:07:40.670 align:start position:0% treasury dockets for a total of $2,970<00:07:37.080>and <00:07:37.479>78 <00:07:38.360>cents <00:07:39.360>we've <00:07:39.639>processed <00:07:40.120>18 00:07:40.670 --> 00:07:40.680 align:start position:0% $2,970 and 78 cents we've processed 18 00:07:40.680 --> 00:07:44.790 align:start position:0% $2,970 and 78 cents we've processed 18 other<00:07:41.000>dockets <00:07:41.720>for <00:07:41.960>a <00:07:42.080>total <00:07:42.360>of 00:07:44.790 --> 00:07:44.800 align:start position:0% 00:07:44.800 --> 00:07:46.830 align:start position:0% $7,923 00:07:46.830 --> 00:07:46.840 align:start position:0% $7,923 00:07:46.840 --> 00:07:50.589 align:start position:0% $7,923 we've<00:07:47.840>issued <00:07:48.240>over <00:07:48.599>170 <00:07:49.520>checks <00:07:50.039>that <00:07:50.199>range 00:07:50.589 --> 00:07:50.599 align:start position:0% we've issued over 170 checks that range 00:07:50.599 --> 00:07:55.710 align:start position:0% we've issued over 170 checks that range from<00:07:50.879>7 <00:07:51.319>cents <00:07:52.199>to 00:07:55.710 --> 00:07:55.720 align:start position:0% 00:07:55.720 --> 00:07:59.990 align:start position:0% 28777<00:07:56.720>um <00:07:56.960>of <00:07:57.159>those <00:07:57.360>170 <00:07:58.319>checks <00:07:59.400>10 <00:07:59.639>of <00:07:59.800>those 00:07:59.990 --> 00:08:00.000 align:start position:0% 28777 um of those 170 checks 10 of those 00:08:00.000 --> 00:08:01.710 align:start position:0% 28777 um of those 170 checks 10 of those were<00:08:00.199>issued <00:08:00.520>for <00:08:00.680>less <00:08:00.879>than 00:08:01.710 --> 00:08:01.720 align:start position:0% were issued for less than 00:08:01.720 --> 00:08:04.309 align:start position:0% were issued for less than $100<00:08:02.720>30 <00:08:03.080>of <00:08:03.240>those <00:08:03.400>were <00:08:03.599>issued <00:08:03.919>for <00:08:04.120>less 00:08:04.309 --> 00:08:04.319 align:start position:0% $100 30 of those were issued for less 00:08:04.319 --> 00:08:07.950 align:start position:0% $100 30 of those were issued for less than<00:08:04.440>a 00:08:07.950 --> 00:08:07.960 align:start position:0% 00:08:07.960 --> 00:08:11.270 align:start position:0% dollar<00:08:08.960>on <00:08:09.280>page <00:08:09.599>five <00:08:10.080>these <00:08:10.240>were <00:08:10.560>items 00:08:11.270 --> 00:08:11.280 align:start position:0% dollar on page five these were items 00:08:11.280 --> 00:08:14.350 align:start position:0% dollar on page five these were items that<00:08:11.479>are <00:08:11.720>outstanding <00:08:12.520>as <00:08:12.680>of <00:08:13.080>September <00:08:13.599>the 00:08:14.350 --> 00:08:14.360 align:start position:0% that are outstanding as of September the 00:08:14.360 --> 00:08:19.589 align:start position:0% that are outstanding as of September the 30th<00:08:15.360>and <00:08:15.520>this <00:08:15.639>is <00:08:15.800>a <00:08:15.960>long <00:08:16.280>list <00:08:17.000>as 00:08:19.589 --> 00:08:19.599 align:start position:0% 00:08:19.599 --> 00:08:22.309 align:start position:0% usual<00:08:20.599>these <00:08:20.800>have <00:08:20.960>been <00:08:21.199>issued <00:08:21.639>but <00:08:21.879>not 00:08:22.309 --> 00:08:22.319 align:start position:0% usual these have been issued but not 00:08:22.319 --> 00:08:23.990 align:start position:0% usual these have been issued but not cashed 00:08:23.990 --> 00:08:24.000 align:start position:0% cashed 00:08:24.000 --> 00:08:28.230 align:start position:0% cashed yet<00:08:25.000>and <00:08:25.240>that <00:08:25.560>goes <00:08:26.199>through 00:08:28.230 --> 00:08:28.240 align:start position:0% yet and that goes through 00:08:28.240 --> 00:08:34.350 align:start position:0% yet and that goes through page 00:08:34.350 --> 00:08:34.360 align:start position:0% 00:08:34.360 --> 00:08:36.909 align:start position:0% 32<00:08:35.360>it <00:08:35.479>looks <00:08:35.680>like <00:08:35.800>a <00:08:35.959>lot <00:08:36.279>but <00:08:36.399>we <00:08:36.479>have 00:08:36.909 --> 00:08:36.919 align:start position:0% 32 it looks like a lot but we have 00:08:36.919 --> 00:08:40.430 align:start position:0% 32 it looks like a lot but we have $63,000 00:08:40.430 --> 00:08:40.440 align:start position:0% 00:08:40.440 --> 00:08:43.829 align:start position:0% outstanding<00:08:41.440>and <00:08:41.719>page <00:08:42.159>32 <00:08:43.080>is <00:08:43.279>broken <00:08:43.640>down 00:08:43.829 --> 00:08:43.839 align:start position:0% outstanding and page 32 is broken down 00:08:43.839 --> 00:08:46.230 align:start position:0% outstanding and page 32 is broken down between<00:08:44.120>the <00:08:44.279>gas 00:08:46.230 --> 00:08:46.240 align:start position:0% between the gas 00:08:46.240 --> 00:08:49.829 align:start position:0% between the gas companies<00:08:47.240>does <00:08:47.480>that <00:08:47.680>list 00:08:49.829 --> 00:08:49.839 align:start position:0% companies does that list 00:08:49.839 --> 00:08:52.630 align:start position:0% companies does that list U<00:08:50.839>do <00:08:50.959>you <00:08:51.080>get <00:08:51.240>sometimes <00:08:53.839>we <00:08:54.000>get <00:08:54.320>returned <00:08:54.680>but 00:08:55.509 --> 00:08:55.519 align:start position:0% back sometimes we get returned mail but 00:08:55.519 --> 00:08:57.670 align:start position:0% back sometimes we get returned mail but not<00:08:56.200>bad <00:08:56.399>address <00:08:56.720>or <00:08:56.959>just <00:08:57.200>they <00:08:57.320>don't <00:08:57.519>want 00:08:57.670 --> 00:08:57.680 align:start position:0% not bad address or just they don't want 00:08:57.680 --> 00:09:00.990 align:start position:0% not bad address or just they don't want it<00:08:58.200>bad <00:08:58.440>address <00:08:58.720>is <00:08:58.880>normally 00:09:00.990 --> 00:09:01.000 align:start position:0% it bad address is normally 00:09:01.000 --> 00:09:02.710 align:start position:0% it bad address is normally but<00:09:01.160>not <00:09:01.360>very <00:09:01.640>often <00:09:02.040>the <00:09:02.200>gas <00:09:02.399>companies 00:09:02.710 --> 00:09:02.720 align:start position:0% but not very often the gas companies 00:09:02.720 --> 00:09:04.150 align:start position:0% but not very often the gas companies have<00:09:02.880>done <00:09:03.040>a <00:09:03.160>tremendous <00:09:03.600>job <00:09:03.760>with <00:09:03.920>getting 00:09:04.150 --> 00:09:04.160 align:start position:0% have done a tremendous job with getting 00:09:04.160 --> 00:09:05.030 align:start position:0% have done a tremendous job with getting correct 00:09:05.030 --> 00:09:05.040 align:start position:0% correct 00:09:05.040 --> 00:09:07.150 align:start position:0% correct addresses<00:09:06.040>so <00:09:06.279>these <00:09:06.399>are <00:09:06.560>people <00:09:06.800>that <00:09:06.959>just 00:09:07.150 --> 00:09:07.160 align:start position:0% addresses so these are people that just 00:09:07.160 --> 00:09:11.310 align:start position:0% addresses so these are people that just have<00:09:07.279>not <00:09:07.440>cashed <00:09:07.760>their 00:09:11.310 --> 00:09:11.320 align:start position:0% 00:09:11.320 --> 00:09:14.750 align:start position:0% checks<00:09:12.320>on <00:09:12.800>page <00:09:13.160>33 <00:09:13.839>this <00:09:13.920>is <00:09:14.079>our <00:09:14.279>check <00:09:14.640>ex 00:09:14.750 --> 00:09:14.760 align:start position:0% checks on page 33 this is our check ex 00:09:14.760 --> 00:09:17.829 align:start position:0% checks on page 33 this is our check ex treatment<00:09:15.200>for <00:09:15.839>2023 <00:09:16.839>so <00:09:17.200>since <00:09:17.440>this <00:09:17.560>was <00:09:17.720>the 00:09:17.829 --> 00:09:17.839 align:start position:0% treatment for 2023 so since this was the 00:09:17.839 --> 00:09:21.389 align:start position:0% treatment for 2023 so since this was the third<00:09:18.040>quarter <00:09:18.360>we <00:09:18.440>had <00:09:18.560>not <00:09:18.760>exuded <00:09:19.279>checks 00:09:21.389 --> 00:09:21.399 align:start position:0% third quarter we had not exuded checks 00:09:21.399 --> 00:09:23.910 align:start position:0% third quarter we had not exuded checks yet<00:09:22.399>and <00:09:22.560>you'll <00:09:22.760>remember <00:09:23.240>five <00:09:23.440>years <00:09:23.640>ago 00:09:23.910 --> 00:09:23.920 align:start position:0% yet and you'll remember five years ago 00:09:23.920 --> 00:09:26.870 align:start position:0% yet and you'll remember five years ago we<00:09:24.040>had <00:09:24.200>dockets <00:09:24.720>that <00:09:24.920>had, <00:09:25.480>1500 <00:09:26.360>people <00:09:26.680>on 00:09:26.870 --> 00:09:26.880 align:start position:0% we had dockets that had, 1500 people on 00:09:26.880 --> 00:09:27.870 align:start position:0% we had dockets that had, 1500 people on those 00:09:27.870 --> 00:09:27.880 align:start position:0% those 00:09:27.880 --> 00:09:31.670 align:start position:0% those dockets<00:09:28.880>so <00:09:29.279>we <00:09:29.399>have <00:09:29.519>a <00:09:29.680>lot <00:09:30.680>that's <00:09:30.920>a 00:09:31.670 --> 00:09:31.680 align:start position:0% dockets so we have a lot that's a 00:09:31.680 --> 00:09:34.509 align:start position:0% dockets so we have a lot that's a sheet<00:09:32.680>a <00:09:32.800>lot <00:09:32.959>of <00:09:33.120>checks <00:09:33.560>issued <00:09:34.000>but <00:09:34.120>not <00:09:34.279>a 00:09:34.509 --> 00:09:34.519 align:start position:0% sheet a lot of checks issued but not a 00:09:34.519 --> 00:09:36.870 align:start position:0% sheet a lot of checks issued but not a total<00:09:34.880>dollar <00:09:35.240>amount <00:09:35.680>that's <00:09:35.920>very <00:09:36.160>high 00:09:36.870 --> 00:09:36.880 align:start position:0% total dollar amount that's very high 00:09:36.880 --> 00:09:41.389 align:start position:0% total dollar amount that's very high less<00:09:37.200>than <00:09:37.279>$3,000 <00:09:38.160>to <00:09:38.279>be <00:09:38.440>a 00:09:41.389 --> 00:09:41.399 align:start position:0% 00:09:41.399 --> 00:09:44.790 align:start position:0% sheet<00:09:42.399>then <00:09:42.560>starting <00:09:42.880>on <00:09:43.160>page 00:09:44.790 --> 00:09:44.800 align:start position:0% sheet then starting on page 00:09:44.800 --> 00:09:48.069 align:start position:0% sheet then starting on page 40<00:09:45.800>this <00:09:45.920>is <00:09:46.040>our <00:09:46.279>balance <00:09:46.640>sheet <00:09:47.399>this <00:09:47.560>is <00:09:47.880>as 00:09:48.069 --> 00:09:48.079 align:start position:0% 40 this is our balance sheet this is as 00:09:48.079 --> 00:09:50.030 align:start position:0% 40 this is our balance sheet this is as of<00:09:48.399>September <00:09:48.920>so <00:09:49.120>this <00:09:49.240>is <00:09:49.399>only <00:09:49.640>for <00:09:49.920>the 00:09:50.030 --> 00:09:50.040 align:start position:0% of September so this is only for the 00:09:50.040 --> 00:09:52.870 align:start position:0% of September so this is only for the month<00:09:50.320>of <00:09:50.880>September <00:09:51.880>and <00:09:52.000>it <00:09:52.160>lists <00:09:52.600>each 00:09:52.870 --> 00:09:52.880 align:start position:0% month of September and it lists each 00:09:52.880 --> 00:09:56.069 align:start position:0% month of September and it lists each account<00:09:53.240>number <00:09:53.839>each <00:09:54.480>well <00:09:55.480>their <00:09:55.720>beginning 00:09:56.069 --> 00:09:56.079 align:start position:0% account number each well their beginning 00:09:56.079 --> 00:09:58.630 align:start position:0% account number each well their beginning market<00:09:56.480>value <00:09:57.240>deposits <00:09:57.720>we <00:09:58.120>received <00:09:58.399>for 00:09:58.630 --> 00:09:58.640 align:start position:0% market value deposits we received for 00:09:58.640 --> 00:09:59.910 align:start position:0% market value deposits we received for that<00:09:58.800>month 00:09:59.910 --> 00:09:59.920 align:start position:0% that month 00:09:59.920 --> 00:10:04.110 align:start position:0% that month interest<00:10:00.480>Cedar's <00:10:01.200>interest <00:10:02.200>any <00:10:02.560>fees 00:10:04.110 --> 00:10:04.120 align:start position:0% interest Cedar's interest any fees 00:10:04.120 --> 00:10:05.710 align:start position:0% interest Cedar's interest any fees distributions<00:10:05.120>and <00:10:05.240>then <00:10:05.360>we <00:10:05.480>have <00:10:05.600>the 00:10:05.710 --> 00:10:05.720 align:start position:0% distributions and then we have the 00:10:05.720 --> 00:10:10.829 align:start position:0% distributions and then we have the ending<00:10:06.040>balance <00:10:06.399>for <00:10:06.600>each <00:10:06.920>individual 00:10:10.829 --> 00:10:10.839 align:start position:0% 00:10:10.839 --> 00:10:12.910 align:start position:0% account<00:10:11.839>excuse <00:10:12.120>me <00:10:12.279>just <00:10:12.399>a <00:10:12.519>second <00:10:12.800>could 00:10:12.910 --> 00:10:12.920 align:start position:0% account excuse me just a second could 00:10:12.920 --> 00:10:15.269 align:start position:0% account excuse me just a second could you<00:10:13.079>tell <00:10:13.240>us <00:10:13.399>about <00:10:13.600>the <00:10:13.920>color <00:10:14.279>code <00:10:15.160>I'm 00:10:15.269 --> 00:10:15.279 align:start position:0% you tell us about the color code I'm 00:10:15.279 --> 00:10:16.790 align:start position:0% you tell us about the color code I'm scrolling<00:10:15.760>down <00:10:15.959>but <00:10:16.079>I <00:10:16.200>haven't <00:10:16.440>gotten <00:10:16.640>to 00:10:16.790 --> 00:10:16.800 align:start position:0% scrolling down but I haven't gotten to 00:10:16.800 --> 00:10:19.190 align:start position:0% scrolling down but I haven't gotten to that<00:10:17.040>it's <00:10:17.200>on <00:10:17.480>the <00:10:17.800>last <00:10:18.320>of <00:10:18.519>the <00:10:18.640>balance 00:10:19.190 --> 00:10:19.200 align:start position:0% that it's on the last of the balance 00:10:19.200 --> 00:10:22.630 align:start position:0% that it's on the last of the balance yeah<00:10:19.360>I <00:10:19.480>thought <00:10:19.640>it <00:10:19.800>might <00:10:20.320>be <00:10:21.320>I <00:10:21.440>had 00:10:22.630 --> 00:10:22.640 align:start position:0% yeah I thought it might be I had 00:10:22.640 --> 00:10:25.550 align:start position:0% yeah I thought it might be I had looked<00:10:23.640>so <00:10:24.079>the <00:10:24.360>pinkish <00:10:24.839>colored <00:10:25.160>ones <00:10:25.360>are 00:10:25.550 --> 00:10:25.560 align:start position:0% looked so the pinkish colored ones are 00:10:25.560 --> 00:10:28.030 align:start position:0% looked so the pinkish colored ones are ones<00:10:25.800>that <00:10:25.959>closed <00:10:26.399>during <00:10:26.720>that 00:10:28.030 --> 00:10:28.040 align:start position:0% ones that closed during that 00:10:28.040 --> 00:10:32.030 align:start position:0% ones that closed during that month<00:10:29.480>the <00:10:30.480>grayish <00:10:30.880>tannish <00:10:31.279>colored <00:10:31.640>ones 00:10:32.030 --> 00:10:32.040 align:start position:0% month the grayish tannish colored ones 00:10:32.040 --> 00:10:38.150 align:start position:0% month the grayish tannish colored ones are<00:10:32.399>working <00:10:32.800>interest <00:10:33.320>accounts <00:10:33.959>okay <00:10:34.880>thank 00:10:38.150 --> 00:10:38.160 align:start position:0% 00:10:38.160 --> 00:10:41.389 align:start position:0% you<00:10:39.160>on <00:10:39.440>page <00:10:39.639>49 <00:10:40.360>this <00:10:40.440>is <00:10:40.560>a <00:10:40.720>list <00:10:40.920>of <00:10:41.000>our <00:10:41.160>no 00:10:41.389 --> 00:10:41.399 align:start position:0% you on page 49 this is a list of our no 00:10:41.399 --> 00:10:46.190 align:start position:0% you on page 49 this is a list of our no w9s<00:10:42.079>these <00:10:42.200>are <00:10:42.399>people <00:10:42.760>that <00:10:43.480>have <00:10:44.480>oh <00:10:44.800>oh 00:10:46.190 --> 00:10:46.200 align:start position:0% w9s these are people that have oh oh 00:10:46.200 --> 00:10:53.430 align:start position:0% w9s these are people that have oh oh no<00:10:47.200>well <00:10:47.399>I <00:10:47.560>saw <00:10:47.839>your 00:10:53.430 --> 00:10:53.440 align:start position:0% 00:10:53.440 --> 00:10:58.030 align:start position:0% BL<00:10:54.440>generator 00:10:58.030 --> 00:10:58.040 align:start position:0% 00:10:58.040 --> 00:11:04.509 align:start position:0% justor 00:11:04.509 --> 00:11:04.519 align:start position:0% 00:11:04.519 --> 00:11:27.350 align:start position:0% y 00:11:27.350 --> 00:11:27.360 align:start position:0% 00:11:27.360 --> 00:11:29.590 align:start position:0% the<00:11:28.360>go <00:11:28.480>get 00:11:29.590 --> 00:11:29.600 align:start position:0% the go get 00:11:29.600 --> 00:11:34.509 align:start position:0% the go get let's<00:11:29.880>just <00:11:30.160>spend <00:11:30.440>for <00:11:31.399>10 <00:11:31.720>minutes <00:11:32.040>and 00:11:34.509 --> 00:11:34.519 align:start position:0% 00:11:34.519 --> 00:11:39.629 align:start position:0% see<00:11:35.519>still <00:11:36.480>okay <00:11:36.800>Eric <00:11:37.120>are <00:11:37.240>you <00:11:37.720>there <00:11:38.720>I <00:11:38.839>sure 00:11:39.629 --> 00:11:39.639 align:start position:0% see still okay Eric are you there I sure 00:11:39.639 --> 00:11:43.110 align:start position:0% see still okay Eric are you there I sure am<00:11:40.639>okay <00:11:40.880>we <00:11:41.000>just <00:11:41.279>lost <00:11:42.079>the 00:11:43.110 --> 00:11:43.120 align:start position:0% am okay we just lost the 00:11:43.120 --> 00:11:46.509 align:start position:0% am okay we just lost the projector 00:11:46.509 --> 00:11:46.519 align:start position:0% 00:11:46.519 --> 00:11:50.030 align:start position:0% oh<00:11:47.519>it's <00:11:47.720>booting <00:11:48.120>back <00:11:48.279>you <00:11:48.399>can't <00:11:48.560>see <00:11:48.839>us 00:11:50.030 --> 00:11:50.040 align:start position:0% oh it's booting back you can't see us 00:11:50.040 --> 00:11:52.470 align:start position:0% oh it's booting back you can't see us basically<00:11:51.040>well <00:11:51.240>we <00:11:51.320>didn't <00:11:51.519>know <00:11:51.800>if <00:11:52.000>we 00:11:52.470 --> 00:11:52.480 align:start position:0% basically well we didn't know if we 00:11:52.480 --> 00:11:54.389 align:start position:0% basically well we didn't know if we completely<00:11:53.000>lost <00:11:53.279>you <00:11:53.480>or <00:11:53.680>we <00:11:53.880>just <00:11:54.040>lost 00:11:54.389 --> 00:11:54.399 align:start position:0% completely lost you or we just lost 00:11:54.399 --> 00:11:57.829 align:start position:0% completely lost you or we just lost visual<00:11:55.000>so <00:11:55.800>I <00:11:55.959>see <00:11:56.480>yeah <00:11:56.680>we <00:11:56.800>can <00:11:56.959>see <00:11:57.279>you <00:11:57.600>just 00:11:57.829 --> 00:11:57.839 align:start position:0% visual so I see yeah we can see you just 00:11:57.839 --> 00:11:59.990 align:start position:0% visual so I see yeah we can see you just fine<00:11:58.360>and <00:11:58.480>we <00:11:58.600>can 00:11:59.990 --> 00:12:00.000 align:start position:0% fine and we can 00:12:00.000 --> 00:12:02.030 align:start position:0% fine and we can you're<00:12:00.240>coming 00:12:02.030 --> 00:12:02.040 align:start position:0% you're coming 00:12:02.040 --> 00:12:04.990 align:start position:0% you're coming back<00:12:03.040>Mr <00:12:03.360>Prather <00:12:03.760>are <00:12:03.839>you <00:12:04.000>still <00:12:04.200>on <00:12:04.360>the 00:12:04.990 --> 00:12:05.000 align:start position:0% back Mr Prather are you still on the 00:12:05.000 --> 00:12:07.750 align:start position:0% back Mr Prather are you still on the line<00:12:06.000>yes 00:12:07.750 --> 00:12:07.760 align:start position:0% line yes 00:12:07.760 --> 00:12:10.629 align:start position:0% line yes sir<00:12:08.760>Mr 00:12:10.629 --> 00:12:10.639 align:start position:0% sir Mr 00:12:10.639 --> 00:12:16.949 align:start position:0% sir Mr Cochin<00:12:11.639>yes <00:12:11.800>sir <00:12:12.200>still <00:12:12.519>here <00:12:13.519>okay <00:12:13.800>Mary 00:12:16.949 --> 00:12:16.959 align:start position:0% 00:12:16.959 --> 00:12:20.949 align:start position:0% quilling<00:12:17.959>still <00:12:18.240>not <00:12:19.000>okay <00:12:19.399>I'm <00:12:19.839>sorry <00:12:20.839>you 00:12:20.949 --> 00:12:20.959 align:start position:0% quilling still not okay I'm sorry you 00:12:20.959 --> 00:12:23.069 align:start position:0% quilling still not okay I'm sorry you may<00:12:21.279>proceed 00:12:23.069 --> 00:12:23.079 align:start position:0% may proceed 00:12:23.079 --> 00:12:25.949 align:start position:0% may proceed okay<00:12:24.079>I <00:12:24.240>need <00:12:24.440>some 00:12:25.949 --> 00:12:25.959 align:start position:0% okay I need some 00:12:25.959 --> 00:12:29.110 align:start position:0% okay I need some excitement<00:12:26.959>we're <00:12:27.160>on <00:12:27.360>page <00:12:27.639>49 <00:12:28.639>this <00:12:28.760>is <00:12:29.000>a 00:12:29.110 --> 00:12:29.120 align:start position:0% excitement we're on page 49 this is a 00:12:29.120 --> 00:12:31.350 align:start position:0% excitement we're on page 49 this is a list<00:12:29.320>of <00:12:29.440>the <00:12:29.560>no <00:12:29.800>w9s <00:12:30.480>these <00:12:30.600>are <00:12:30.800>people <00:12:31.160>that 00:12:31.350 --> 00:12:31.360 align:start position:0% list of the no w9s these are people that 00:12:31.360 --> 00:12:34.550 align:start position:0% list of the no w9s these are people that have<00:12:31.600>been <00:12:32.240>issued <00:12:33.240>from <00:12:33.560>the <00:12:33.720>dockets <00:12:34.440>but 00:12:34.550 --> 00:12:34.560 align:start position:0% have been issued from the dockets but 00:12:34.560 --> 00:12:37.590 align:start position:0% have been issued from the dockets but they<00:12:34.720>have <00:12:34.839>not <00:12:35.040>submitted <00:12:35.480>a <00:12:36.040>W9 <00:12:37.040>so <00:12:37.320>all <00:12:37.480>they 00:12:37.590 --> 00:12:37.600 align:start position:0% they have not submitted a W9 so all they 00:12:37.600 --> 00:12:39.910 align:start position:0% they have not submitted a W9 so all they need<00:12:37.720>to <00:12:37.839>do <00:12:38.000>is <00:12:38.120>submit <00:12:38.399>a <00:12:38.519>W9 <00:12:38.959>to <00:12:39.120>the <00:12:39.240>gas 00:12:39.910 --> 00:12:39.920 align:start position:0% need to do is submit a W9 to the gas 00:12:39.920 --> 00:12:42.990 align:start position:0% need to do is submit a W9 to the gas companies<00:12:41.160>and <00:12:42.160>they <00:12:42.240>will <00:12:42.399>be <00:12:42.560>paid <00:12:42.760>out 00:12:42.990 --> 00:12:43.000 align:start position:0% companies and they will be paid out 00:12:43.000 --> 00:12:47.910 align:start position:0% companies and they will be paid out according<00:12:43.279>to <00:12:43.480>what <00:12:43.600>is <00:12:43.720>on <00:12:43.880>this 00:12:47.910 --> 00:12:47.920 align:start position:0% 00:12:47.920 --> 00:12:50.949 align:start position:0% sheet<00:12:48.920>and <00:12:49.040>there's <00:12:49.199>a <00:12:49.360>lot <00:12:49.480>of <00:12:49.680>names <00:12:50.000>on <00:12:50.160>the 00:12:50.949 --> 00:12:50.959 align:start position:0% sheet and there's a lot of names on the 00:12:50.959 --> 00:12:53.550 align:start position:0% sheet and there's a lot of names on the list<00:12:51.959>is <00:12:52.120>this 00:12:53.550 --> 00:12:53.560 align:start position:0% list is this 00:12:53.560 --> 00:12:57.509 align:start position:0% list is this public<00:12:54.560>on <00:12:54.720>our <00:12:54.920>website <00:12:56.320>yes <00:12:57.320>the 00:12:57.509 --> 00:12:57.519 align:start position:0% public on our website yes the 00:12:57.519 --> 00:13:04.189 align:start position:0% public on our website yes the spreadsheet<00:12:58.199>is 00:13:04.189 --> 00:13:04.199 align:start position:0% 00:13:04.199 --> 00:13:07.509 align:start position:0% we<00:13:04.320>have <00:13:04.600>432 <00:13:05.600>lines <00:13:06.079>on <00:13:06.279>the 00:13:07.509 --> 00:13:07.519 align:start position:0% we have 432 lines on the 00:13:07.519 --> 00:13:09.910 align:start position:0% we have 432 lines on the spreadsheet<00:13:08.519>so <00:13:08.720>a <00:13:08.839>total <00:13:09.079>of <00:13:09.199>a <00:13:09.279>little <00:13:09.440>over 00:13:09.910 --> 00:13:09.920 align:start position:0% spreadsheet so a total of a little over 00:13:09.920 --> 00:13:12.949 align:start position:0% spreadsheet so a total of a little over $40,000<00:13:10.920>that's <00:13:11.920>waiting <00:13:12.240>for <00:13:12.440>people <00:13:12.720>to 00:13:12.949 --> 00:13:12.959 align:start position:0% $40,000 that's waiting for people to 00:13:12.959 --> 00:13:16.430 align:start position:0% $40,000 that's waiting for people to submit<00:13:13.240>a <00:13:13.399>W9 <00:13:13.880>to <00:13:14.040>claim <00:13:14.320>that 00:13:16.430 --> 00:13:16.440 align:start position:0% submit a W9 to claim that 00:13:16.440 --> 00:13:20.069 align:start position:0% submit a W9 to claim that money<00:13:17.440>on <00:13:17.680>page <00:13:18.240>60 <00:13:19.240>this <00:13:19.360>is <00:13:19.480>a <00:13:19.639>list <00:13:19.839>of <00:13:19.959>the 00:13:20.069 --> 00:13:20.079 align:start position:0% money on page 60 this is a list of the 00:13:20.079 --> 00:13:21.150 align:start position:0% money on page 60 this is a list of the annual 00:13:21.150 --> 00:13:21.160 align:start position:0% annual 00:13:21.160 --> 00:13:23.590 align:start position:0% annual distributions<00:13:22.160>that <00:13:22.600>we <00:13:22.839>have <00:13:23.079>made <00:13:23.320>since 00:13:23.590 --> 00:13:23.600 align:start position:0% distributions that we have made since 00:13:23.600 --> 00:13:25.150 align:start position:0% distributions that we have made since First<00:13:23.839>Banking <00:13:24.120>Trust <00:13:24.440>became <00:13:24.639>the <00:13:24.800>escrow 00:13:25.150 --> 00:13:25.160 align:start position:0% First Banking Trust became the escrow 00:13:25.160 --> 00:13:26.470 align:start position:0% First Banking Trust became the escrow agent<00:13:25.480>in 00:13:26.470 --> 00:13:26.480 align:start position:0% agent in 00:13:26.480 --> 00:13:29.949 align:start position:0% agent in 2010<00:13:27.480>all <00:13:27.639>the <00:13:27.760>way <00:13:27.959>up <00:13:28.120>to 00:13:29.949 --> 00:13:29.959 align:start position:0% 2010 all the way up to 00:13:29.959 --> 00:13:32.389 align:start position:0% 2010 all the way up to today<00:13:30.959>so <00:13:31.120>we <00:13:31.240>have <00:13:31.399>royalty <00:13:31.760>and <00:13:31.920>working 00:13:32.389 --> 00:13:32.399 align:start position:0% today so we have royalty and working 00:13:32.399 --> 00:13:34.590 align:start position:0% today so we have royalty and working income<00:13:33.399>the <00:13:33.519>amount <00:13:33.720>of <00:13:33.839>distributions <00:13:34.399>for 00:13:34.590 --> 00:13:34.600 align:start position:0% income the amount of distributions for 00:13:34.600 --> 00:13:38.550 align:start position:0% income the amount of distributions for the<00:13:34.800>year <00:13:35.720>and <00:13:35.880>then <00:13:36.079>the <00:13:36.240>net 00:13:38.550 --> 00:13:38.560 align:start position:0% 00:13:38.560 --> 00:13:41.750 align:start position:0% amount<00:13:39.560>and <00:13:39.680>you'll <00:13:39.800>see <00:13:40.000>in <00:13:40.120>2016 <00:13:40.720>and 00:13:41.750 --> 00:13:41.760 align:start position:0% amount and you'll see in 2016 and 00:13:41.760 --> 00:13:45.230 align:start position:0% amount and you'll see in 2016 and 2017<00:13:42.760>there <00:13:42.959>was <00:13:43.800>a <00:13:43.920>lot <00:13:44.079>of <00:13:44.240>money <00:13:44.600>that <00:13:45.079>out 00:13:45.230 --> 00:13:45.240 align:start position:0% 2017 there was a lot of money that out 00:13:45.240 --> 00:13:46.670 align:start position:0% 2017 there was a lot of money that out of<00:13:45.440>the <00:13:45.600>account <00:13:45.920>and <00:13:46.040>that <00:13:46.160>was <00:13:46.279>the <00:13:46.440>years 00:13:46.670 --> 00:13:46.680 align:start position:0% of the account and that was the years 00:13:46.680 --> 00:13:49.629 align:start position:0% of the account and that was the years that<00:13:46.839>we <00:13:47.040>had <00:13:47.279>several <00:13:48.279>dockets <00:13:48.920>that <00:13:49.160>had 00:13:49.629 --> 00:13:49.639 align:start position:0% that we had several dockets that had 00:13:49.639 --> 00:13:53.870 align:start position:0% that we had several dockets that had over<00:13:49.920>a <00:13:50.079>thousand <00:13:50.440>people <00:13:50.720>on <00:13:50.920>those 00:13:53.870 --> 00:13:53.880 align:start position:0% 00:13:53.880 --> 00:13:57.150 align:start position:0% dockets<00:13:54.880>page <00:13:55.360>61 <00:13:56.360>this <00:13:56.480>is <00:13:56.639>the <00:13:56.759>investment 00:13:57.150 --> 00:13:57.160 align:start position:0% dockets page 61 this is the investment 00:13:57.160 --> 00:14:00.670 align:start position:0% dockets page 61 this is the investment of<00:13:57.279>the <00:13:57.759>funds <00:13:59.240>so <00:13:59.519>at <00:13:59.600>the <00:13:59.680>end <00:13:59.839>of 00:14:00.670 --> 00:14:00.680 align:start position:0% of the funds so at the end of 00:14:00.680 --> 00:14:04.150 align:start position:0% of the funds so at the end of September<00:14:01.680>we <00:14:01.839>had <00:14:02.279>over <00:14:02.440>$3 <00:14:02.759>million <00:14:03.600>in <00:14:03.920>the 00:14:04.150 --> 00:14:04.160 align:start position:0% September we had over $3 million in the 00:14:04.160 --> 00:14:07.550 align:start position:0% September we had over $3 million in the IC<00:14:04.560>money <00:14:04.800>market <00:14:05.519>account <00:14:06.519>and <00:14:06.839>then <00:14:07.040>2 00:14:07.550 --> 00:14:07.560 align:start position:0% IC money market account and then 2 00:14:07.560 --> 00:14:10.269 align:start position:0% IC money market account and then 2 million<00:14:08.560>in <00:14:08.920>various 00:14:10.269 --> 00:14:10.279 align:start position:0% million in various 00:14:10.279 --> 00:14:13.310 align:start position:0% million in various CDs<00:14:11.279>so <00:14:11.480>the <00:14:11.600>weighted <00:14:11.959>average <00:14:12.360>on <00:14:12.600>the <00:14:12.759>CDs 00:14:13.310 --> 00:14:13.320 align:start position:0% CDs so the weighted average on the CDs 00:14:13.320 --> 00:14:14.870 align:start position:0% CDs so the weighted average on the CDs is 00:14:14.870 --> 00:14:14.880 align:start position:0% is 00:14:14.880 --> 00:14:22.829 align:start position:0% is 5.36<00:14:15.880>while <00:14:16.079>the <00:14:16.160>money <00:14:16.440>market <00:14:16.759>is <00:14:16.880>at 00:14:22.829 --> 00:14:22.839 align:start position:0% 00:14:22.839 --> 00:14:26.829 align:start position:0% 1%<00:14:23.839>and <00:14:24.079>this <00:14:24.720>reflects <00:14:25.720>our <00:14:26.000>most <00:14:26.279>recent 00:14:26.829 --> 00:14:26.839 align:start position:0% 1% and this reflects our most recent 00:14:26.839 --> 00:14:29.110 align:start position:0% 1% and this reflects our most recent changes<00:14:27.839>most <00:14:28.079>recent <00:14:28.360>changes <00:14:28.880>of <00:14:29.000>the 00:14:29.110 --> 00:14:29.120 align:start position:0% changes most recent changes of the 00:14:29.120 --> 00:14:30.790 align:start position:0% changes most recent changes of the investing<00:14:29.600>the <00:14:29.680>$2 00:14:30.790 --> 00:14:30.800 align:start position:0% investing the $2 00:14:30.800 --> 00:14:33.110 align:start position:0% investing the $2 million<00:14:31.800>and <00:14:32.000>I <00:14:32.160>believe <00:14:32.560>all <00:14:32.680>of <00:14:32.839>those <00:14:32.959>went 00:14:33.110 --> 00:14:33.120 align:start position:0% million and I believe all of those went 00:14:33.120 --> 00:14:35.150 align:start position:0% million and I believe all of those went out<00:14:33.279>for <00:14:34.079>a 00:14:35.150 --> 00:14:35.160 align:start position:0% out for a 00:14:35.160 --> 00:14:46.670 align:start position:0% out for a year<00:14:36.160>back <00:14:36.320>in <00:14:36.480>July <00:14:37.399>yeah <00:14:37.639>I <00:14:37.759>see <00:14:38.160>it <00:14:39.160>any 00:14:46.670 --> 00:14:46.680 align:start position:0% 00:14:46.680 --> 00:14:50.550 align:start position:0% question<00:14:47.680>on <00:14:47.920>page <00:14:48.160>62 <00:14:48.720>this <00:14:48.800>is <00:14:48.920>a <00:14:49.560>comparison 00:14:50.550 --> 00:14:50.560 align:start position:0% question on page 62 this is a comparison 00:14:50.560 --> 00:14:53.350 align:start position:0% question on page 62 this is a comparison of<00:14:50.800>the <00:14:51.000>Cedars <00:14:51.519>rates <00:14:52.360>from <00:14:52.720>this <00:14:52.920>meeting <00:14:53.199>to 00:14:53.350 --> 00:14:53.360 align:start position:0% of the Cedars rates from this meeting to 00:14:53.360 --> 00:14:57.069 align:start position:0% of the Cedars rates from this meeting to the<00:14:53.519>prior <00:14:53.880>meeting <00:14:54.880>treasury <00:14:55.399>rates <00:14:56.320>and <00:14:56.600>The 00:14:57.069 --> 00:14:57.079 align:start position:0% the prior meeting treasury rates and The 00:14:57.079 --> 00:15:04.550 align:start position:0% the prior meeting treasury rates and The Brokerage<00:14:57.600>CD <00:14:58.040>rates 00:15:04.550 --> 00:15:04.560 align:start position:0% 00:15:04.560 --> 00:15:06.949 align:start position:0% and<00:15:04.720>then <00:15:04.839>the <00:15:05.000>final <00:15:05.320>page <00:15:05.639>is <00:15:06.199>AR <00:15:06.399>range <00:15:06.759>of 00:15:06.949 --> 00:15:06.959 align:start position:0% and then the final page is AR range of 00:15:06.959 --> 00:15:09.870 align:start position:0% and then the final page is AR range of CD<00:15:07.680>rates <00:15:08.680>three <00:15:09.000>months <00:15:09.320>they're <00:15:09.519>running 00:15:09.870 --> 00:15:09.880 align:start position:0% CD rates three months they're running 00:15:09.880 --> 00:15:13.189 align:start position:0% CD rates three months they're running anywhere<00:15:10.320>from <00:15:10.639>5.25 <00:15:11.639>to 00:15:13.189 --> 00:15:13.199 align:start position:0% anywhere from 5.25 to 00:15:13.199 --> 00:15:17.189 align:start position:0% anywhere from 5.25 to 5.35<00:15:14.399>months <00:15:15.399>5.35 <00:15:16.320>to 00:15:17.189 --> 00:15:17.199 align:start position:0% 5.35 months 5.35 to 00:15:17.199 --> 00:15:21.870 align:start position:0% 5.35 months 5.35 to 5.4<00:15:18.199>nine <00:15:18.519>months <00:15:19.360>5.33 <00:15:20.360>to 00:15:21.870 --> 00:15:21.880 align:start position:0% 5.4 nine months 5.33 to 00:15:21.880 --> 00:15:24.030 align:start position:0% 5.4 nine months 5.33 to 5.45<00:15:22.880>and <00:15:22.959>then <00:15:23.079>you <00:15:23.199>get <00:15:23.320>out <00:15:23.440>to <00:15:23.639>a <00:15:23.759>year <00:15:23.920>and 00:15:24.030 --> 00:15:24.040 align:start position:0% 5.45 and then you get out to a year and 00:15:24.040 --> 00:15:27.269 align:start position:0% 5.45 and then you get out to a year and it's<00:15:24.279>5.35 <00:15:25.279>to 00:15:27.269 --> 00:15:27.279 align:start position:0% it's 5.35 to 00:15:27.279 --> 00:15:29.749 align:start position:0% it's 5.35 to 5.65<00:15:28.279>and <00:15:28.399>then <00:15:28.680>the <00:15:28.800>two <00:15:28.959>years <00:15:29.240>backs <00:15:29.560>back 00:15:29.749 --> 00:15:29.759 align:start position:0% 5.65 and then the two years backs back 00:15:29.759 --> 00:15:37.230 align:start position:0% 5.65 and then the two years backs back down<00:15:29.920>to <00:15:30.120>5.05 <00:15:31.079>to 00:15:37.230 --> 00:15:37.240 align:start position:0% 00:15:37.240 --> 00:15:47.150 align:start position:0% 5.25<00:15:38.240>questions <00:15:38.639>for <00:15:38.839>the 00:15:47.150 --> 00:15:47.160 align:start position:0% 00:15:47.160 --> 00:15:49.389 align:start position:0% board<00:15:48.160>I <00:15:48.279>have <00:15:48.360>a <00:15:48.480>motion <00:15:48.759>to <00:15:48.959>accept <00:15:49.240>the 00:15:49.389 --> 00:15:49.399 align:start position:0% board I have a motion to accept the 00:15:49.399 --> 00:15:51.629 align:start position:0% board I have a motion to accept the financial<00:15:50.000>report 00:15:51.629 --> 00:15:51.639 align:start position:0% financial report 00:15:51.639 --> 00:15:54.030 align:start position:0% financial report right<00:15:52.639>I'll <00:15:52.759>make <00:15:53.000>that <00:15:53.120>motion <00:15:53.440>to <00:15:53.639>accept 00:15:54.030 --> 00:15:54.040 align:start position:0% right I'll make that motion to accept 00:15:54.040 --> 00:15:57.269 align:start position:0% right I'll make that motion to accept the<00:15:54.360>report <00:15:55.160>and <00:15:55.360>we <00:15:55.480>have <00:15:55.600>a 00:15:57.269 --> 00:15:57.279 align:start position:0% the report and we have a 00:15:57.279 --> 00:16:01.710 align:start position:0% the report and we have a second<00:15:58.279>any 00:16:01.710 --> 00:16:01.720 align:start position:0% 00:16:01.720 --> 00:16:05.910 align:start position:0% discussion<00:16:02.720>all <00:16:02.959>in <00:16:03.120>favor <00:16:03.440>say <00:16:04.199>yes <00:16:05.199>yes <00:16:05.560>yes 00:16:05.910 --> 00:16:05.920 align:start position:0% discussion all in favor say yes yes yes 00:16:05.920 --> 00:16:10.189 align:start position:0% discussion all in favor say yes yes yes yes<00:16:06.440>yes <00:16:07.240>those <00:16:07.519>oppos <00:16:08.319>not <00:16:09.319>the <00:16:09.480>next <00:16:09.800>item <00:16:10.079>we 00:16:10.189 --> 00:16:10.199 align:start position:0% yes yes those oppos not the next item we 00:16:10.199 --> 00:16:12.350 align:start position:0% yes yes those oppos not the next item we need<00:16:10.360>to <00:16:10.600>address <00:16:11.199>is <00:16:11.399>the <00:16:11.560>renewal <00:16:12.040>of <00:16:12.160>the 00:16:12.350 --> 00:16:12.360 align:start position:0% need to address is the renewal of the 00:16:12.360 --> 00:16:13.749 align:start position:0% need to address is the renewal of the contract 00:16:13.749 --> 00:16:13.759 align:start position:0% contract 00:16:13.759 --> 00:16:15.829 align:start position:0% contract for<00:16:14.759>uh <00:16:14.959>the 00:16:15.829 --> 00:16:15.839 align:start position:0% for uh the 00:16:15.839 --> 00:16:20.110 align:start position:0% for uh the bank<00:16:16.839>uh <00:16:17.040>if <00:16:17.240>First <00:16:17.680>Bank <00:16:17.880>and <00:16:18.079>Trust <00:16:18.440>is 00:16:20.110 --> 00:16:20.120 align:start position:0% bank uh if First Bank and Trust is 00:16:20.120 --> 00:16:23.470 align:start position:0% bank uh if First Bank and Trust is willing<00:16:21.199>uh <00:16:22.199>we'll <00:16:22.399>ask <00:16:22.680>you <00:16:22.839>guys <00:16:23.040>to <00:16:23.199>speak 00:16:23.470 --> 00:16:23.480 align:start position:0% willing uh we'll ask you guys to speak 00:16:23.480 --> 00:16:26.949 align:start position:0% willing uh we'll ask you guys to speak on<00:16:23.759>that <00:16:24.639>so <00:16:24.920>this <00:16:25.040>is <00:16:25.199>the <00:16:25.519>last <00:16:26.279>renewal <00:16:26.839>of 00:16:26.949 --> 00:16:26.959 align:start position:0% on that so this is the last renewal of 00:16:26.959 --> 00:16:29.389 align:start position:0% on that so this is the last renewal of our<00:16:27.160>fiveyear <00:16:27.639>contract <00:16:28.399>yes <00:16:28.560>yes <00:16:28.759>we <00:16:28.880>are 00:16:29.389 --> 00:16:29.399 align:start position:0% our fiveyear contract yes yes we are 00:16:29.399 --> 00:16:31.509 align:start position:0% our fiveyear contract yes yes we are wanting<00:16:29.680>to <00:16:29.880>renew <00:16:30.440>for 00:16:31.509 --> 00:16:31.519 align:start position:0% wanting to renew for 00:16:31.519 --> 00:16:35.030 align:start position:0% wanting to renew for 2024<00:16:32.519>then <00:16:32.680>it <00:16:32.800>has <00:16:32.920>to <00:16:33.040>go <00:16:33.120>out <00:16:33.279>Tom <00:16:34.000>for <00:16:34.199>bid 00:16:35.030 --> 00:16:35.040 align:start position:0% 2024 then it has to go out Tom for bid 00:16:35.040 --> 00:16:37.309 align:start position:0% 2024 then it has to go out Tom for bid 2025 00:16:37.309 --> 00:16:37.319 align:start position:0% 2025 00:16:37.319 --> 00:16:39.870 align:start position:0% 2025 correct<00:16:38.319>any <00:16:38.639>questions <00:16:39.600>is <00:16:39.720>it 00:16:39.870 --> 00:16:39.880 align:start position:0% correct any questions is it 00:16:39.880 --> 00:16:41.670 align:start position:0% correct any questions is it automatically<00:16:40.440>renewed <00:16:40.880>if <00:16:41.000>you'll <00:16:41.319>choose 00:16:41.670 --> 00:16:41.680 align:start position:0% automatically renewed if you'll choose 00:16:41.680 --> 00:16:46.470 align:start position:0% automatically renewed if you'll choose to<00:16:41.920>do <00:16:42.440>so <00:16:43.440>other <00:16:43.560>words <00:16:44.079>for <00:16:44.360>bid <00:16:45.240>after <00:16:45.480>this 00:16:46.470 --> 00:16:46.480 align:start position:0% to do so other words for bid after this 00:16:46.480 --> 00:16:48.749 align:start position:0% to do so other words for bid after this or<00:16:46.680>after <00:16:47.040>this <00:16:47.240>year <00:16:48.079>I <00:16:48.160>think <00:16:48.279>it <00:16:48.399>goes <00:16:48.600>out 00:16:48.749 --> 00:16:48.759 align:start position:0% or after this year I think it goes out 00:16:48.759 --> 00:16:51.150 align:start position:0% or after this year I think it goes out for<00:16:49.000>bid <00:16:49.519>but <00:16:49.839>even <00:16:50.040>for 00:16:51.150 --> 00:16:51.160 align:start position:0% for bid but even for 00:16:51.160 --> 00:16:54.749 align:start position:0% for bid but even for this<00:16:52.160>has <00:16:52.360>to <00:16:52.519>be <00:16:52.680>go <00:16:52.880>out <00:16:53.079>the <00:16:53.199>new <00:16:53.600>RFP <00:16:54.600>but 00:16:54.749 --> 00:16:54.759 align:start position:0% this has to be go out the new RFP but 00:16:54.759 --> 00:16:57.150 align:start position:0% this has to be go out the new RFP but the<00:16:54.880>new <00:16:55.040>one <00:16:55.440>is <00:16:55.920>after <00:16:56.240>this <00:16:56.440>fifth <00:16:56.759>year <00:16:57.040>is 00:16:57.150 --> 00:16:57.160 align:start position:0% the new one is after this fifth year is 00:16:57.160 --> 00:17:00.430 align:start position:0% the new one is after this fifth year is that<00:16:57.399>correct <00:16:58.120>yes <00:16:58.920>yes <00:16:59.279>okay <00:16:59.800>that's <00:17:00.079>right 00:17:00.430 --> 00:17:00.440 align:start position:0% that correct yes yes okay that's right 00:17:00.440 --> 00:17:03.710 align:start position:0% that correct yes yes okay that's right okay 00:17:03.710 --> 00:17:03.720 align:start position:0% 00:17:03.720 --> 00:17:06.710 align:start position:0% yeah<00:17:04.720>so <00:17:05.039>what's <00:17:05.319>the <00:17:05.679>will <00:17:05.919>of <00:17:06.079>the <00:17:06.160>board 00:17:06.710 --> 00:17:06.720 align:start position:0% yeah so what's the will of the board 00:17:06.720 --> 00:17:09.630 align:start position:0% yeah so what's the will of the board well<00:17:06.880>I <00:17:07.039>certainly <00:17:07.439>have <00:17:07.600>no <00:17:07.959>problem <00:17:08.959>and 00:17:09.630 --> 00:17:09.640 align:start position:0% well I certainly have no problem and 00:17:09.640 --> 00:17:12.510 align:start position:0% well I certainly have no problem and with<00:17:10.640>continuing <00:17:11.360>I <00:17:11.480>think <00:17:11.919>these <00:17:12.120>folks <00:17:12.360>have 00:17:12.510 --> 00:17:12.520 align:start position:0% with continuing I think these folks have 00:17:12.520 --> 00:17:15.590 align:start position:0% with continuing I think these folks have done<00:17:12.760>a <00:17:13.079>great <00:17:13.559>job <00:17:14.559>is <00:17:14.760>that <00:17:14.880>a <00:17:15.000>motion <00:17:15.319>Mr 00:17:15.590 --> 00:17:15.600 align:start position:0% done a great job is that a motion Mr 00:17:15.600 --> 00:17:17.429 align:start position:0% done a great job is that a motion Mr haris<00:17:16.000>well <00:17:16.120>I'll <00:17:16.240>make <00:17:16.439>that <00:17:16.559>a <00:17:16.679>motion <00:17:17.280>thank 00:17:17.429 --> 00:17:17.439 align:start position:0% haris well I'll make that a motion thank 00:17:17.439 --> 00:17:20.990 align:start position:0% haris well I'll make that a motion thank you<00:17:17.919>do <00:17:18.000>I <00:17:18.160>have <00:17:18.280>a <00:17:18.480>second <00:17:19.559>second <00:17:20.559>any 00:17:20.990 --> 00:17:21.000 align:start position:0% you do I have a second second any 00:17:21.000 --> 00:17:23.230 align:start position:0% you do I have a second second any discussion<00:17:22.000>all <00:17:22.240>those <00:17:22.520>in <00:17:22.679>favor <00:17:23.000>of 00:17:23.230 --> 00:17:23.240 align:start position:0% discussion all those in favor of 00:17:23.240 --> 00:17:25.870 align:start position:0% discussion all those in favor of extending<00:17:23.640>the <00:17:24.039>contract <00:17:25.039>for <00:17:25.240>First <00:17:25.480>Bank 00:17:25.870 --> 00:17:25.880 align:start position:0% extending the contract for First Bank 00:17:25.880 --> 00:17:28.470 align:start position:0% extending the contract for First Bank Trust<00:17:26.199>Company <00:17:26.559>for <00:17:26.760>another <00:17:27.160>year <00:17:28.039>please 00:17:28.470 --> 00:17:28.480 align:start position:0% Trust Company for another year please 00:17:28.480 --> 00:17:34.470 align:start position:0% Trust Company for another year please say<00:17:28.919>yes <00:17:29.919>yes <00:17:30.440>yes <00:17:31.000>yes <00:17:31.960>those 00:17:34.470 --> 00:17:34.480 align:start position:0% 00:17:34.480 --> 00:17:36.830 align:start position:0% oppose<00:17:35.480>Cody <00:17:35.799>you're <00:17:35.960>with <00:17:36.120>us <00:17:36.240>for <00:17:36.480>another 00:17:36.830 --> 00:17:36.840 align:start position:0% oppose Cody you're with us for another 00:17:36.840 --> 00:17:39.669 align:start position:0% oppose Cody you're with us for another view<00:17:37.520>thank <00:17:37.720>you <00:17:38.200>thank <00:17:38.400>you <00:17:38.679>guys <00:17:39.240>you <00:17:39.400>all <00:17:39.520>do 00:17:39.669 --> 00:17:39.679 align:start position:0% view thank you thank you guys you all do 00:17:39.679 --> 00:17:42.430 align:start position:0% view thank you thank you guys you all do a<00:17:39.840>tremendous <00:17:40.360>job <00:17:40.600>and <00:17:40.720>it's <00:17:40.840>a <00:17:40.960>lot <00:17:41.080>of <00:17:41.440>work 00:17:42.430 --> 00:17:42.440 align:start position:0% a tremendous job and it's a lot of work 00:17:42.440 --> 00:17:44.630 align:start position:0% a tremendous job and it's a lot of work we<00:17:42.600>got <00:17:42.799>some <00:17:43.000>very <00:17:43.240>dedicated <00:17:43.760>employees 00:17:44.630 --> 00:17:44.640 align:start position:0% we got some very dedicated employees 00:17:44.640 --> 00:17:48.190 align:start position:0% we got some very dedicated employees appr 00:17:48.190 --> 00:17:48.200 align:start position:0% 00:17:48.200 --> 00:17:49.789 align:start position:0% effort 00:17:49.789 --> 00:17:49.799 align:start position:0% effort 00:17:49.799 --> 00:17:52.270 align:start position:0% effort okay<00:17:50.799>next <00:17:51.039>we <00:17:51.160>have <00:17:51.280>a <00:17:51.440>petition <00:17:51.799>from <00:17:52.039>KY 00:17:52.270 --> 00:17:52.280 align:start position:0% okay next we have a petition from KY 00:17:52.280 --> 00:17:54.590 align:start position:0% okay next we have a petition from KY Rock<00:17:52.559>Energy <00:17:53.360>establishment <00:17:54.000>of <00:17:54.160>Ky <00:17:54.400>Rock 00:17:54.590 --> 00:17:54.600 align:start position:0% Rock Energy establishment of Ky Rock 00:17:54.600 --> 00:17:56.950 align:start position:0% Rock Energy establishment of Ky Rock number<00:17:54.840>three <00:17:55.080>is <00:17:55.240>sealed <00:17:55.559>God 00:17:56.950 --> 00:17:56.960 align:start position:0% number three is sealed God 00:17:56.960 --> 00:18:00.110 align:start position:0% number three is sealed God production<00:17:57.960>consist <00:17:58.640>of 00:18:00.110 --> 00:18:00.120 align:start position:0% production consist of 00:18:00.120 --> 00:18:01.750 align:start position:0% production consist of 41983 00:18:01.750 --> 00:18:01.760 align:start position:0% 41983 00:18:01.760 --> 00:18:04.430 align:start position:0% 41983 acres<00:18:02.760>for <00:18:02.960>drilling <00:18:03.400>development <00:18:04.200>and 00:18:04.430 --> 00:18:04.440 align:start position:0% acres for drilling development and 00:18:04.440 --> 00:18:07.510 align:start position:0% acres for drilling development and production<00:18:04.919>from <00:18:05.159>cobane <00:18:05.600>methane <00:18:06.159>from <00:18:06.400>a 00:18:07.510 --> 00:18:07.520 align:start position:0% production from cobane methane from a 00:18:07.520 --> 00:18:09.710 align:start position:0% production from cobane methane from a sgbs<00:18:08.520>sometimes <00:18:08.720>referred <00:18:09.039>to <00:18:09.200>here <00:18:09.400>in <00:18:09.559>as 00:18:09.710 --> 00:18:09.720 align:start position:0% sgbs sometimes referred to here in as 00:18:09.720 --> 00:18:11.110 align:start position:0% sgbs sometimes referred to here in as the<00:18:09.919>subject 00:18:11.110 --> 00:18:11.120 align:start position:0% the subject 00:18:11.120 --> 00:18:14.110 align:start position:0% the subject formation<00:18:12.120>pursuant <00:18:12.640>to <00:18:12.919>the <00:18:13.080>Virginia <00:18:13.559>code 00:18:14.110 --> 00:18:14.120 align:start position:0% formation pursuant to the Virginia code 00:18:14.120 --> 00:18:18.390 align:start position:0% formation pursuant to the Virginia code 45.2<00:18:15.320>d1620 <00:18:16.320>which <00:18:16.760>drilling <00:18:17.760>uh <00:18:17.919>unit <00:18:18.200>is 00:18:18.390 --> 00:18:18.400 align:start position:0% 45.2 d1620 which drilling uh unit is 00:18:18.400 --> 00:18:20.430 align:start position:0% 45.2 d1620 which drilling uh unit is further<00:18:18.799>described <00:18:19.240>as <00:18:19.440>depicted <00:18:19.960>as 00:18:20.430 --> 00:18:20.440 align:start position:0% further described as depicted as 00:18:20.440 --> 00:18:23.230 align:start position:0% further described as depicted as descript<00:18:21.440>exhibit <00:18:21.840>a <00:18:22.120>in <00:18:22.280>the 00:18:23.230 --> 00:18:23.240 align:start position:0% descript exhibit a in the 00:18:23.240 --> 00:18:25.590 align:start position:0% descript exhibit a in the annexed<00:18:24.240>here 00:18:25.590 --> 00:18:25.600 align:start position:0% annexed here 00:18:25.600 --> 00:18:31.830 align:start position:0% annexed here to<00:18:26.600>this <00:18:27.080>is <00:18:27.840>docket <00:18:28.400>number <00:18:28.600>VG <00:18:29.520>23- 00:18:31.830 --> 00:18:31.840 align:start position:0% to this is docket number VG 23- 00:18:31.840 --> 00:18:35.310 align:start position:0% to this is docket number VG 23- 91942<00:18:32.960>73 <00:18:33.960>it <00:18:34.080>was <00:18:34.360>continued <00:18:34.919>from <00:18:35.120>the 00:18:35.310 --> 00:18:35.320 align:start position:0% 91942 73 it was continued from the 00:18:35.320 --> 00:18:37.789 align:start position:0% 91942 73 it was continued from the September<00:18:35.840>meeting <00:18:36.559>all <00:18:36.840>parties <00:18:37.280>interested 00:18:37.789 --> 00:18:37.799 align:start position:0% September meeting all parties interested 00:18:37.799 --> 00:18:40.430 align:start position:0% September meeting all parties interested please<00:18:38.120>step <00:18:38.440>forward <00:18:39.240>introduce <00:18:39.679>yourself 00:18:40.430 --> 00:18:40.440 align:start position:0% please step forward introduce yourself 00:18:40.440 --> 00:18:43.750 align:start position:0% please step forward introduce yourself yes<00:18:40.600>sir <00:18:40.799>Freddy <00:18:41.120>Mullen <00:18:41.600>for <00:18:41.960>KY <00:18:42.200>Rock <00:18:42.760>Energy 00:18:43.750 --> 00:18:43.760 align:start position:0% yes sir Freddy Mullen for KY Rock Energy 00:18:43.760 --> 00:18:48.990 align:start position:0% yes sir Freddy Mullen for KY Rock Energy org<00:18:44.200>P <00:18:44.400>for <00:18:44.600>K <00:18:44.799>Rock <00:18:45.080>Energy <00:18:46.080>Aaron <00:18:46.480>Davis <00:18:47.440>Rock 00:18:48.990 --> 00:18:49.000 align:start position:0% org P for K Rock Energy Aaron Davis Rock 00:18:49.000 --> 00:18:51.510 align:start position:0% org P for K Rock Energy Aaron Davis Rock Energy<00:18:50.000>Miss <00:18:50.320>Gilmer <00:18:50.679>you <00:18:50.760>want <00:18:50.880>to <00:18:51.039>swear <00:18:51.360>in 00:18:51.510 --> 00:18:51.520 align:start position:0% Energy Miss Gilmer you want to swear in 00:18:51.520 --> 00:18:53.470 align:start position:0% Energy Miss Gilmer you want to swear in the 00:18:53.470 --> 00:18:53.480 align:start position:0% the 00:18:53.480 --> 00:18:56.630 align:start position:0% the witnesses<00:18:54.480>Mr <00:18:54.840>Davis <00:18:55.440>Mr <00:18:55.760>P <00:18:56.120>you <00:18:56.240>swear <00:18:56.520>and 00:18:56.630 --> 00:18:56.640 align:start position:0% witnesses Mr Davis Mr P you swear and 00:18:56.640 --> 00:18:59.350 align:start position:0% witnesses Mr Davis Mr P you swear and affirm<00:18:57.000>that <00:18:57.120>your <00:18:57.320>testimony <00:18:57.760>is <00:18:57.880>the <00:18:58.000>truth 00:18:59.350 --> 00:18:59.360 align:start position:0% affirm that your testimony is the truth 00:18:59.360 --> 00:19:01.750 align:start position:0% affirm that your testimony is the truth the<00:18:59.520>whole <00:18:59.760>truth <00:19:00.080>and <00:19:00.280>nothing <00:19:00.600>but <00:19:00.760>the 00:19:01.750 --> 00:19:01.760 align:start position:0% the whole truth and nothing but the 00:19:01.760 --> 00:19:04.350 align:start position:0% the whole truth and nothing but the truth 00:19:04.350 --> 00:19:04.360 align:start position:0% truth 00:19:04.360 --> 00:19:08.029 align:start position:0% truth yeah<00:19:05.360>you <00:19:05.520>may <00:19:05.760>proceed <00:19:06.280>Mr <00:19:07.280>Mr <00:19:07.559>P <00:19:07.799>could <00:19:07.919>you 00:19:08.029 --> 00:19:08.039 align:start position:0% yeah you may proceed Mr Mr P could you 00:19:08.039 --> 00:19:11.310 align:start position:0% yeah you may proceed Mr Mr P could you please<00:19:08.280>state <00:19:08.520>your <00:19:08.880>name <00:19:09.880>Morgan <00:19:10.360>p <00:19:11.000>and <00:19:11.159>how 00:19:11.310 --> 00:19:11.320 align:start position:0% please state your name Morgan p and how 00:19:11.320 --> 00:19:14.190 align:start position:0% please state your name Morgan p and how are<00:19:11.480>you <00:19:12.000>employed <00:19:13.000>uh <00:19:13.200>geologist <00:19:13.840>at <00:19:14.000>Key 00:19:14.190 --> 00:19:14.200 align:start position:0% are you employed uh geologist at Key 00:19:14.200 --> 00:19:16.630 align:start position:0% are you employed uh geologist at Key Rock<00:19:14.440>Energy <00:19:15.440>and <00:19:15.640>key <00:19:15.919>Rock <00:19:16.120>energy <00:19:16.440>is 00:19:16.630 --> 00:19:16.640 align:start position:0% Rock Energy and key Rock energy is 00:19:16.640 --> 00:19:18.190 align:start position:0% Rock Energy and key Rock energy is authorized<00:19:17.159>to <00:19:17.280>conduct <00:19:17.640>business <00:19:17.960>in <00:19:18.080>the 00:19:18.190 --> 00:19:18.200 align:start position:0% authorized to conduct business in the 00:19:18.200 --> 00:19:20.190 align:start position:0% authorized to conduct business in the Commonwealth<00:19:18.720>Virginia <00:19:19.159>is <00:19:19.280>that <00:19:19.480>correct 00:19:20.190 --> 00:19:20.200 align:start position:0% Commonwealth Virginia is that correct 00:19:20.200 --> 00:19:22.350 align:start position:0% Commonwealth Virginia is that correct yes<00:19:20.360>sir <00:19:21.000>and <00:19:21.080>there's <00:19:21.280>a <00:19:21.400>bond <00:19:21.640>on <00:19:21.799>file <00:19:22.159>with 00:19:22.350 --> 00:19:22.360 align:start position:0% yes sir and there's a bond on file with 00:19:22.360 --> 00:19:25.230 align:start position:0% yes sir and there's a bond on file with this<00:19:22.600>department <00:19:23.120>is <00:19:23.280>that <00:19:23.520>correct <00:19:24.200>yes <00:19:25.120>and 00:19:25.230 --> 00:19:25.240 align:start position:0% this department is that correct yes and 00:19:25.240 --> 00:19:28.390 align:start position:0% this department is that correct yes and you're<00:19:25.480>familiar <00:19:26.039>with <00:19:26.559>uh <00:19:26.840>application <00:19:27.840>or 00:19:28.390 --> 00:19:28.400 align:start position:0% you're familiar with uh application or 00:19:28.400 --> 00:19:32.070 align:start position:0% you're familiar with uh application or petition<00:19:28.679>number <00:19:29.000>4273 <00:19:30.000>is <00:19:30.200>that <00:19:30.400>correct <00:19:31.159>yes 00:19:32.070 --> 00:19:32.080 align:start position:0% petition number 4273 is that correct yes 00:19:32.080 --> 00:19:34.710 align:start position:0% petition number 4273 is that correct yes and<00:19:32.240>this <00:19:32.360>is <00:19:32.480>for <00:19:32.720>a <00:19:32.919>coed <00:19:33.480>methane <00:19:33.880>wheel <00:19:34.559>yes 00:19:34.710 --> 00:19:34.720 align:start position:0% and this is for a coed methane wheel yes 00:19:34.720 --> 00:19:37.750 align:start position:0% and this is for a coed methane wheel yes sir<00:19:35.720>and <00:19:36.000>the <00:19:36.320>unit <00:19:36.559>is <00:19:36.760>located <00:19:37.200>in <00:19:37.320>the <00:19:37.440>nor 00:19:37.750 --> 00:19:37.760 align:start position:0% sir and the unit is located in the nor 00:19:37.760 --> 00:19:41.630 align:start position:0% sir and the unit is located in the nor CED<00:19:38.320>gas <00:19:38.600>field <00:19:39.480>yes <00:19:40.480>and <00:19:40.840>the <00:19:41.159>the <00:19:41.320>how <00:19:41.440>many 00:19:41.630 --> 00:19:41.640 align:start position:0% CED gas field yes and the the how many 00:19:41.640 --> 00:19:43.870 align:start position:0% CED gas field yes and the the how many acres<00:19:41.960>does <00:19:42.159>it <00:19:42.400>contain 00:19:43.870 --> 00:19:43.880 align:start position:0% acres does it contain 00:19:43.880 --> 00:19:47.590 align:start position:0% acres does it contain 41<00:19:45.280>983 <00:19:46.280>and <00:19:46.400>can <00:19:46.520>you <00:19:46.720>explain <00:19:47.039>to <00:19:47.159>the <00:19:47.280>board 00:19:47.590 --> 00:19:47.600 align:start position:0% 41 983 and can you explain to the board 00:19:47.600 --> 00:19:49.470 align:start position:0% 41 983 and can you explain to the board what<00:19:47.760>KY <00:19:48.000>Rock <00:19:48.200>plans <00:19:48.520>to <00:19:48.679>do <00:19:49.039>if <00:19:49.240>this 00:19:49.470 --> 00:19:49.480 align:start position:0% what KY Rock plans to do if this 00:19:49.480 --> 00:19:52.909 align:start position:0% what KY Rock plans to do if this application<00:19:50.039>is <00:19:50.520>granted <00:19:51.520>uh <00:19:51.640>we <00:19:51.760>will <00:19:51.960>permit 00:19:52.909 --> 00:19:52.919 align:start position:0% application is granted uh we will permit 00:19:52.919 --> 00:19:56.549 align:start position:0% application is granted uh we will permit to<00:19:53.080>drill <00:19:53.320>the <00:19:53.480>well <00:19:54.200>drill <00:19:54.480>the <00:19:54.600>well <00:19:55.559>and 00:19:56.549 --> 00:19:56.559 align:start position:0% to drill the well drill the well and 00:19:56.559 --> 00:19:58.909 align:start position:0% to drill the well drill the well and pull<00:19:56.880>gas <00:19:57.120>off <00:19:57.280>the <00:19:57.400>SE <00:19:57.720>Gob <00:19:57.960>area <00:19:58.440>deep <00:19:58.679>mine 00:19:58.909 --> 00:19:58.919 align:start position:0% pull gas off the SE Gob area deep mine 00:19:58.919 --> 00:20:02.549 align:start position:0% pull gas off the SE Gob area deep mine 41<00:19:59.600>and <00:19:59.799>clear <00:20:00.200>that <00:20:00.440>gas <00:20:01.159>to <00:20:01.480>generate 00:20:02.549 --> 00:20:02.559 align:start position:0% 41 and clear that gas to generate 00:20:02.559 --> 00:20:05.590 align:start position:0% 41 and clear that gas to generate environmental<00:20:03.559>credits <00:20:04.280>and <00:20:04.480>to <00:20:05.320>make <00:20:05.520>the 00:20:05.590 --> 00:20:05.600 align:start position:0% environmental credits and to make the 00:20:05.600 --> 00:20:08.430 align:start position:0% environmental credits and to make the mine<00:20:06.039>safer <00:20:07.039>and <00:20:07.280>there's <00:20:07.480>a <00:20:07.640>particular <00:20:08.000>seam 00:20:08.430 --> 00:20:08.440 align:start position:0% mine safer and there's a particular seam 00:20:08.440 --> 00:20:10.230 align:start position:0% mine safer and there's a particular seam that<00:20:08.600>this <00:20:08.720>coed <00:20:09.120>methane <00:20:09.520>would <00:20:09.640>be <00:20:09.840>produced 00:20:10.230 --> 00:20:10.240 align:start position:0% that this coed methane would be produced 00:20:10.240 --> 00:20:12.830 align:start position:0% that this coed methane would be produced from<00:20:10.480>is <00:20:10.600>that <00:20:10.799>correct <00:20:11.400>yes <00:20:11.559>the <00:20:11.679>JW <00:20:11.960>B <00:20:12.200>SE <00:20:12.679>all 00:20:12.830 --> 00:20:12.840 align:start position:0% from is that correct yes the JW B SE all 00:20:12.840 --> 00:20:15.470 align:start position:0% from is that correct yes the JW B SE all right<00:20:13.679>and <00:20:13.840>has <00:20:14.080>kyrock <00:20:14.559>obtained <00:20:14.960>leases <00:20:15.320>for 00:20:15.470 --> 00:20:15.480 align:start position:0% right and has kyrock obtained leases for 00:20:15.480 --> 00:20:18.310 align:start position:0% right and has kyrock obtained leases for a<00:20:15.679>portion <00:20:16.000>of <00:20:16.159>this <00:20:16.360>unit <00:20:17.120>yes <00:20:18.000>and <00:20:18.120>have 00:20:18.310 --> 00:20:18.320 align:start position:0% a portion of this unit yes and have 00:20:18.320 --> 00:20:19.750 align:start position:0% a portion of this unit yes and have those<00:20:18.480>leases <00:20:18.880>been <00:20:19.120>obtained <00:20:19.480>from 00:20:19.750 --> 00:20:19.760 align:start position:0% those leases been obtained from 00:20:19.760 --> 00:20:22.870 align:start position:0% those leases been obtained from intervest<00:20:20.360>and <00:20:20.520>its <00:20:20.760>various <00:20:21.679>subsidiaries 00:20:22.870 --> 00:20:22.880 align:start position:0% intervest and its various subsidiaries 00:20:22.880 --> 00:20:25.430 align:start position:0% intervest and its various subsidiaries yes<00:20:23.880>and <00:20:24.039>how <00:20:24.200>is <00:20:24.360>intervest <00:20:24.880>informed <00:20:25.280>of 00:20:25.430 --> 00:20:25.440 align:start position:0% yes and how is intervest informed of 00:20:25.440 --> 00:20:26.909 align:start position:0% yes and how is intervest informed of this 00:20:26.909 --> 00:20:26.919 align:start position:0% this 00:20:26.919 --> 00:20:29.310 align:start position:0% this proceeding<00:20:27.919>uh <00:20:28.159>certified <00:20:28.600>ma <00:20:29.080>return 00:20:29.310 --> 00:20:29.320 align:start position:0% proceeding uh certified ma return 00:20:29.320 --> 00:20:31.870 align:start position:0% proceeding uh certified ma return receipt<00:20:29.919>requested <00:20:30.919>and <00:20:31.080>that <00:20:31.320>documentation 00:20:31.870 --> 00:20:31.880 align:start position:0% receipt requested and that documentation 00:20:31.880 --> 00:20:33.230 align:start position:0% receipt requested and that documentation has<00:20:32.000>been <00:20:32.120>filed <00:20:32.440>with <00:20:32.559>the <00:20:32.640>board <00:20:32.919>is <00:20:33.039>that 00:20:33.230 --> 00:20:33.240 align:start position:0% has been filed with the board is that 00:20:33.240 --> 00:20:36.710 align:start position:0% has been filed with the board is that correct<00:20:34.039>yes <00:20:35.039>and <00:20:35.559>is <00:20:35.760>there <00:20:36.400>uh <00:20:36.559>what 00:20:36.710 --> 00:20:36.720 align:start position:0% correct yes and is there uh what 00:20:36.720 --> 00:20:38.149 align:start position:0% correct yes and is there uh what percentage<00:20:37.080>of <00:20:37.200>the <00:20:37.280>unit <00:20:37.520>does <00:20:37.720>KY <00:20:37.960>Rock 00:20:38.149 --> 00:20:38.159 align:start position:0% percentage of the unit does KY Rock 00:20:38.159 --> 00:20:39.909 align:start position:0% percentage of the unit does KY Rock guarantee<00:20:38.559>have <00:20:38.720>under <00:20:39.000>lease <00:20:39.320>as <00:20:39.440>a <00:20:39.600>result 00:20:39.909 --> 00:20:39.919 align:start position:0% guarantee have under lease as a result 00:20:39.919 --> 00:20:42.870 align:start position:0% guarantee have under lease as a result of<00:20:40.039>its <00:20:40.200>dealings <00:20:40.720>intervist <00:20:41.480>Approximately 00:20:42.870 --> 00:20:42.880 align:start position:0% of its dealings intervist Approximately 00:20:42.880 --> 00:20:46.750 align:start position:0% of its dealings intervist Approximately 80%<00:20:43.880>and <00:20:44.480>how <00:20:44.679>much <00:20:44.880>is <00:20:45.080>not <00:20:45.360>under <00:20:45.840>lease <00:20:46.640>uh 00:20:46.750 --> 00:20:46.760 align:start position:0% 80% and how much is not under lease uh 00:20:46.760 --> 00:20:50.029 align:start position:0% 80% and how much is not under lease uh the<00:20:47.000>remaining <00:20:47.760>approximate <00:20:48.520>20% <00:20:49.520>and <00:20:49.880>a 00:20:50.029 --> 00:20:50.039 align:start position:0% the remaining approximate 20% and a 00:20:50.039 --> 00:20:53.029 align:start position:0% the remaining approximate 20% and a portion<00:20:50.360>of <00:20:50.640>that <00:20:51.440>uh <00:20:52.000>uh <00:20:52.200>of <00:20:52.360>that <00:20:52.520>Unleashed 00:20:53.029 --> 00:20:53.039 align:start position:0% portion of that uh uh of that Unleashed 00:20:53.039 --> 00:20:55.230 align:start position:0% portion of that uh uh of that Unleashed portion<00:20:53.720>those <00:20:53.880>owners <00:20:54.200>are <00:20:54.360>unknown <00:20:54.880>is <00:20:55.000>that 00:20:55.230 --> 00:20:55.240 align:start position:0% portion those owners are unknown is that 00:20:55.240 --> 00:20:57.470 align:start position:0% portion those owners are unknown is that correct<00:20:55.919>correct <00:20:56.720>and <00:20:56.880>how <00:20:57.080>much <00:20:57.280>it 00:20:57.470 --> 00:20:57.480 align:start position:0% correct correct and how much it 00:20:57.480 --> 00:20:59.990 align:start position:0% correct correct and how much it percentages<00:20:58.320>that 00:20:59.990 --> 00:21:00.000 align:start position:0% percentages that 00:21:00.000 --> 00:21:02.990 align:start position:0% percentages that 14.3<00:21:01.000>and <00:21:01.159>how <00:21:01.280>are <00:21:01.520>these <00:21:01.880>unknown <00:21:02.440>Unleased 00:21:02.990 --> 00:21:03.000 align:start position:0% 14.3 and how are these unknown Unleased 00:21:03.000 --> 00:21:05.390 align:start position:0% 14.3 and how are these unknown Unleased owners<00:21:03.679>of <00:21:03.919>this <00:21:04.120>proceeding <00:21:04.880>notice <00:21:05.200>a 00:21:05.390 --> 00:21:05.400 align:start position:0% owners of this proceeding notice a 00:21:05.400 --> 00:21:07.669 align:start position:0% owners of this proceeding notice a publication<00:21:05.880>in <00:21:06.000>the <00:21:06.159>Dickson <00:21:06.640>star <00:21:07.200>now <00:21:07.440>we 00:21:07.669 --> 00:21:07.679 align:start position:0% publication in the Dickson star now we 00:21:07.679 --> 00:21:10.350 align:start position:0% publication in the Dickson star now we have<00:21:08.320>uh <00:21:08.440>some <00:21:08.679>known <00:21:09.000>leas <00:21:09.400>owners <00:21:09.840>as <00:21:10.039>well 00:21:10.350 --> 00:21:10.360 align:start position:0% have uh some known leas owners as well 00:21:10.360 --> 00:21:13.710 align:start position:0% have uh some known leas owners as well is<00:21:10.480>that <00:21:10.799>correct <00:21:11.799>yes <00:21:12.559>and <00:21:12.960>uh <00:21:13.120>that <00:21:13.200>would <00:21:13.400>be 00:21:13.710 --> 00:21:13.720 align:start position:0% is that correct yes and uh that would be 00:21:13.720 --> 00:21:16.390 align:start position:0% is that correct yes and uh that would be the<00:21:14.120>r <00:21:14.600>track <00:21:15.320>correct <00:21:15.760>and <00:21:15.880>how <00:21:16.000>were <00:21:16.200>those 00:21:16.390 --> 00:21:16.400 align:start position:0% the r track correct and how were those 00:21:16.400 --> 00:21:17.710 align:start position:0% the r track correct and how were those gentlemen 00:21:17.710 --> 00:21:17.720 align:start position:0% gentlemen 00:21:17.720 --> 00:21:20.230 align:start position:0% gentlemen informed<00:21:18.720>uh <00:21:19.039>registered <00:21:19.520>and <00:21:20.000>in 00:21:20.230 --> 00:21:20.240 align:start position:0% informed uh registered mail and in 00:21:20.240 --> 00:21:23.070 align:start position:0% informed uh registered mail and in person<00:21:21.000>okay <00:21:22.000>and <00:21:22.200>have <00:21:22.360>you <00:21:22.480>filed <00:21:22.840>all 00:21:23.070 --> 00:21:23.080 align:start position:0% person okay and have you filed all 00:21:23.080 --> 00:21:25.230 align:start position:0% person okay and have you filed all documentation<00:21:23.760>relating <00:21:24.159>to <00:21:24.400>that <00:21:24.720>with <00:21:25.039>the 00:21:25.230 --> 00:21:25.240 align:start position:0% documentation relating to that with the 00:21:25.240 --> 00:21:27.789 align:start position:0% documentation relating to that with the with<00:21:25.360>the <00:21:25.480>board <00:21:26.240>yes <00:21:27.159>and <00:21:27.320>what <00:21:27.480>percentage 00:21:27.789 --> 00:21:27.799 align:start position:0% with the board yes and what percentage 00:21:27.799 --> 00:21:29.590 align:start position:0% with the board yes and what percentage of<00:21:27.919>the <00:21:28.120>unit <00:21:28.360>are <00:21:28.480>you <00:21:28.600>seeking <00:21:28.960>to <00:21:29.159>pull 00:21:29.590 --> 00:21:29.600 align:start position:0% of the unit are you seeking to pull 00:21:29.600 --> 00:21:32.750 align:start position:0% of the unit are you seeking to pull today<00:21:30.600>100% <00:21:31.600>now <00:21:31.760>are <00:21:31.880>you <00:21:32.120>requesting <00:21:32.640>that 00:21:32.750 --> 00:21:32.760 align:start position:0% today 100% now are you requesting that 00:21:32.760 --> 00:21:34.430 align:start position:0% today 100% now are you requesting that the<00:21:32.840>board <00:21:33.159>pull <00:21:33.440>the <00:21:33.559>interest <00:21:33.880>of <00:21:34.080>everyone 00:21:34.430 --> 00:21:34.440 align:start position:0% the board pull the interest of everyone 00:21:34.440 --> 00:21:37.269 align:start position:0% the board pull the interest of everyone listed<00:21:34.799>on <00:21:35.080>exhibit <00:21:35.480>B <00:21:36.200>in <00:21:36.360>this 00:21:37.269 --> 00:21:37.279 align:start position:0% listed on exhibit B in this 00:21:37.279 --> 00:21:39.750 align:start position:0% listed on exhibit B in this application<00:21:38.279>sir <00:21:38.840>and <00:21:38.960>are <00:21:39.080>you <00:21:39.320>requesting 00:21:39.750 --> 00:21:39.760 align:start position:0% application sir and are you requesting 00:21:39.760 --> 00:21:41.830 align:start position:0% application sir and are you requesting that<00:21:39.919>the <00:21:40.000>board <00:21:40.279>establish <00:21:40.760>a <00:21:41.039>procedure <00:21:41.679>for 00:21:41.830 --> 00:21:41.840 align:start position:0% that the board establish a procedure for 00:21:41.840 --> 00:21:45.269 align:start position:0% that the board establish a procedure for all<00:21:42.080>parties <00:21:42.440>listed <00:21:42.799>on <00:21:43.000>exhibit <00:21:43.720>B3 <00:21:44.720>uh <00:21:45.039>have 00:21:45.269 --> 00:21:45.279 align:start position:0% all parties listed on exhibit B3 uh have 00:21:45.279 --> 00:21:47.149 align:start position:0% all parties listed on exhibit B3 uh have the<00:21:45.480>right <00:21:46.200>uh <00:21:46.320>to 00:21:47.149 --> 00:21:47.159 align:start position:0% the right uh to 00:21:47.159 --> 00:21:49.470 align:start position:0% the right uh to elect<00:21:48.159>yes <00:21:48.600>and <00:21:48.760>those <00:21:48.919>would <00:21:49.039>be <00:21:49.240>three 00:21:49.470 --> 00:21:49.480 align:start position:0% elect yes and those would be three 00:21:49.480 --> 00:21:52.070 align:start position:0% elect yes and those would be three different<00:21:49.760>options <00:21:50.159>is <00:21:50.320>that <00:21:50.880>correct <00:21:51.880>and 00:21:52.070 --> 00:21:52.080 align:start position:0% different options is that correct and 00:21:52.080 --> 00:21:53.990 align:start position:0% different options is that correct and what<00:21:52.240>lease <00:21:52.520>terms <00:21:52.880>would <00:21:53.039>you <00:21:53.159>be <00:21:53.360>offering 00:21:53.990 --> 00:21:54.000 align:start position:0% what lease terms would you be offering 00:21:54.000 --> 00:21:57.029 align:start position:0% what lease terms would you be offering any<00:21:54.200>of <00:21:54.320>these <00:21:54.480>owners <00:21:55.000>that <00:21:55.600>uh <00:21:55.840>voluntarily 00:21:57.029 --> 00:21:57.039 align:start position:0% any of these owners that uh voluntarily 00:21:57.039 --> 00:22:00.269 align:start position:0% any of these owners that uh voluntarily commit<00:21:58.000>ter <00:21:58.240>identical <00:21:58.600>to <00:21:58.799>intervest <00:21:59.799>12 <00:22:00.159>a 00:22:00.269 --> 00:22:00.279 align:start position:0% commit ter identical to intervest 12 a 00:22:00.279 --> 00:22:02.830 align:start position:0% commit ter identical to intervest 12 a half% 00:22:02.830 --> 00:22:02.840 align:start position:0% 00:22:02.840 --> 00:22:05.630 align:start position:0% royalty<00:22:03.840>the <00:22:04.000>exact <00:22:04.320>same <00:22:05.159>and <00:22:05.320>what's <00:22:05.480>the 00:22:05.630 --> 00:22:05.640 align:start position:0% royalty the exact same and what's the 00:22:05.640 --> 00:22:09.750 align:start position:0% royalty the exact same and what's the proposed<00:22:06.120>depth <00:22:06.360>of <00:22:06.559>this <00:22:06.720>well <00:22:07.600>uh <00:22:08.080>1,170 <00:22:09.080>ft 00:22:09.750 --> 00:22:09.760 align:start position:0% proposed depth of this well uh 1,170 ft 00:22:09.760 --> 00:22:13.909 align:start position:0% proposed depth of this well uh 1,170 ft and<00:22:09.880>what <00:22:10.000>are <00:22:10.200>the <00:22:10.400>estimated <00:22:11.159>reserves <00:22:12.320>175 00:22:13.909 --> 00:22:13.919 align:start position:0% and what are the estimated reserves 175 00:22:13.919 --> 00:22:15.870 align:start position:0% and what are the estimated reserves 175 mmcs<00:22:14.919>and <00:22:15.039>you're <00:22:15.240>familiar <00:22:15.600>with <00:22:15.760>the 00:22:15.870 --> 00:22:15.880 align:start position:0% mmcs and you're familiar with the 00:22:15.880 --> 00:22:18.710 align:start position:0% mmcs and you're familiar with the projected<00:22:16.480>costs <00:22:17.120>of <00:22:17.360>this <00:22:17.919>uh <00:22:18.120>of <00:22:18.279>this <00:22:18.440>well 00:22:18.710 --> 00:22:18.720 align:start position:0% projected costs of this uh of this well 00:22:18.720 --> 00:22:21.070 align:start position:0% projected costs of this uh of this well is<00:22:18.880>that <00:22:19.080>correct <00:22:19.679>yes <00:22:19.840>sir <00:22:20.200>and <00:22:20.320>you <00:22:20.559>prepare 00:22:21.070 --> 00:22:21.080 align:start position:0% is that correct yes sir and you prepare 00:22:21.080 --> 00:22:23.470 align:start position:0% is that correct yes sir and you prepare prepared<00:22:21.520>the <00:22:21.679>AFB <00:22:22.320>filed <00:22:23.120>with <00:22:23.240>this 00:22:23.470 --> 00:22:23.480 align:start position:0% prepared the AFB filed with this 00:22:23.480 --> 00:22:25.870 align:start position:0% prepared the AFB filed with this application<00:22:24.440>yes <00:22:24.960>and <00:22:25.080>what's <00:22:25.240>the <00:22:25.400>estimated 00:22:25.870 --> 00:22:25.880 align:start position:0% application yes and what's the estimated 00:22:25.880 --> 00:22:29.110 align:start position:0% application yes and what's the estimated dry<00:22:26.200>hole <00:22:26.559>cost <00:22:27.039>approximately <00:22:27.559>200 00:22:29.110 --> 00:22:29.120 align:start position:0% dry hole cost approximately 200 00:22:29.120 --> 00:22:31.390 align:start position:0% dry hole cost approximately 200 $62,000<00:22:30.120>and <00:22:30.240>are <00:22:30.400>you <00:22:30.600>asking <00:22:30.919>the <00:22:31.000>board <00:22:31.279>to 00:22:31.390 --> 00:22:31.400 align:start position:0% $62,000 and are you asking the board to 00:22:31.400 --> 00:22:33.230 align:start position:0% $62,000 and are you asking the board to create<00:22:31.640>a <00:22:31.760>sealed <00:22:32.200>Gob <00:22:32.520>drilling <00:22:32.880>unit <00:22:33.120>to 00:22:33.230 --> 00:22:33.240 align:start position:0% create a sealed Gob drilling unit to 00:22:33.240 --> 00:22:37.269 align:start position:0% create a sealed Gob drilling unit to further<00:22:33.559>pool <00:22:33.880>that <00:22:34.080>unit 00:22:37.269 --> 00:22:37.279 align:start position:0% 00:22:37.279 --> 00:22:39.630 align:start position:0% yeah<00:22:38.279>and <00:22:38.440>a <00:22:38.600>portion <00:22:38.840>of <00:22:38.960>this <00:22:39.120>pooling <00:22:39.480>would 00:22:39.630 --> 00:22:39.640 align:start position:0% yeah and a portion of this pooling would 00:22:39.640 --> 00:22:41.350 align:start position:0% yeah and a portion of this pooling would be<00:22:39.840>voluntary <00:22:40.400>that <00:22:40.480>would <00:22:40.640>be <00:22:40.720>the <00:22:40.799>intervest 00:22:41.350 --> 00:22:41.360 align:start position:0% be voluntary that would be the intervest 00:22:41.360 --> 00:22:43.310 align:start position:0% be voluntary that would be the intervest portion<00:22:41.720>correct <00:22:42.240>correct <00:22:42.760>and <00:22:42.880>a <00:22:43.039>portion 00:22:43.310 --> 00:22:43.320 align:start position:0% portion correct correct and a portion 00:22:43.320 --> 00:22:47.549 align:start position:0% portion correct correct and a portion would<00:22:43.480>be <00:22:43.760>involuntary <00:22:45.039>correct <00:22:46.039>and <00:22:46.840>as <00:22:47.039>far 00:22:47.549 --> 00:22:47.559 align:start position:0% would be involuntary correct and as far 00:22:47.559 --> 00:22:50.950 align:start position:0% would be involuntary correct and as far as<00:22:48.039>the <00:22:48.720>uh <00:22:49.159>escrow <00:22:50.159>uh <00:22:50.279>you're <00:22:50.520>asking <00:22:50.799>for 00:22:50.950 --> 00:22:50.960 align:start position:0% as the uh escrow uh you're asking for 00:22:50.960 --> 00:22:53.549 align:start position:0% as the uh escrow uh you're asking for escrow<00:22:51.440>for <00:22:51.600>these <00:22:51.919>unknown <00:22:52.919>uh <00:22:53.120>unknown 00:22:53.549 --> 00:22:53.559 align:start position:0% escrow for these unknown uh unknown 00:22:53.559 --> 00:22:56.149 align:start position:0% escrow for these unknown uh unknown parties<00:22:54.120>correct <00:22:54.799>yeah <00:22:55.440>and <00:22:55.559>are <00:22:55.720>you <00:22:55.880>asking 00:22:56.149 --> 00:22:56.159 align:start position:0% parties correct yeah and are you asking 00:22:56.159 --> 00:22:58.230 align:start position:0% parties correct yeah and are you asking the<00:22:56.279>board <00:22:56.480>to <00:22:56.600>name <00:22:56.840>key <00:22:57.120>Rock <00:22:57.320>energy <00:22:57.679>is <00:22:58.000>the 00:22:58.230 --> 00:22:58.240 align:start position:0% the board to name key Rock energy is the 00:22:58.240 --> 00:23:01.669 align:start position:0% the board to name key Rock energy is the operator<00:22:58.679>for <00:22:58.880>this <00:22:59.760>yes <00:23:00.000>sir <00:23:01.000>and <00:23:01.279>in <00:23:01.440>your 00:23:01.669 --> 00:23:01.679 align:start position:0% operator for this yes sir and in your 00:23:01.679 --> 00:23:03.070 align:start position:0% operator for this yes sir and in your opinion<00:23:02.120>if <00:23:02.240>the <00:23:02.320>board <00:23:02.559>grants <00:23:02.880>our 00:23:03.070 --> 00:23:03.080 align:start position:0% opinion if the board grants our 00:23:03.080 --> 00:23:04.950 align:start position:0% opinion if the board grants our application<00:23:03.559>today <00:23:03.880>would <00:23:04.039>it <00:23:04.159>prevent <00:23:04.559>waste 00:23:04.950 --> 00:23:04.960 align:start position:0% application today would it prevent waste 00:23:04.960 --> 00:23:06.590 align:start position:0% application today would it prevent waste promote<00:23:05.360>conservation <00:23:06.000>and <00:23:06.200>protect 00:23:06.590 --> 00:23:06.600 align:start position:0% promote conservation and protect 00:23:06.600 --> 00:23:09.630 align:start position:0% promote conservation and protect correlative<00:23:07.279>rights <00:23:08.120>yes <00:23:09.120>that <00:23:09.200>would <00:23:09.360>be <00:23:09.480>our 00:23:09.630 --> 00:23:09.640 align:start position:0% correlative rights yes that would be our 00:23:09.640 --> 00:23:15.310 align:start position:0% correlative rights yes that would be our evidence<00:23:10.000>Mr <00:23:10.480>chair <00:23:11.480>any <00:23:11.760>questions <00:23:12.120>from <00:23:12.320>the 00:23:15.310 --> 00:23:15.320 align:start position:0% 00:23:15.320 --> 00:23:18.230 align:start position:0% board<00:23:16.320>hearing <00:23:16.679>n <00:23:17.320>there <00:23:17.440>was <00:23:17.840>uh <00:23:18.000>there <00:23:18.080>was <00:23:18.159>a 00:23:18.230 --> 00:23:18.240 align:start position:0% board hearing n there was uh there was a 00:23:18.240 --> 00:23:21.149 align:start position:0% board hearing n there was uh there was a little<00:23:18.600>concern <00:23:19.600>when <00:23:19.720>this <00:23:19.880>m <00:23:20.279>came <00:23:20.520>up <00:23:20.880>on 00:23:21.149 --> 00:23:21.159 align:start position:0% little concern when this m came up on 00:23:21.159 --> 00:23:22.950 align:start position:0% little concern when this m came up on the<00:23:21.520>P4 <00:23:22.159>sea 00:23:22.950 --> 00:23:22.960 align:start position:0% the P4 sea 00:23:22.960 --> 00:23:25.310 align:start position:0% the P4 sea well<00:23:23.960>actually <00:23:24.520>the 00:23:25.310 --> 00:23:25.320 align:start position:0% well actually the 00:23:25.320 --> 00:23:26.870 align:start position:0% well actually the job 00:23:26.870 --> 00:23:26.880 align:start position:0% job 00:23:26.880 --> 00:23:28.390 align:start position:0% job you 00:23:28.390 --> 00:23:28.400 align:start position:0% you 00:23:28.400 --> 00:23:30.070 align:start position:0% you uh<00:23:28.640>yes <00:23:28.840>I <00:23:29.000>believe <00:23:29.240>that <00:23:29.400>well <00:23:29.640>is <00:23:29.799>already 00:23:30.070 --> 00:23:30.080 align:start position:0% uh yes I believe that well is already 00:23:30.080 --> 00:23:32.269 align:start position:0% uh yes I believe that well is already plugged<00:23:30.679>we <00:23:30.799>entered <00:23:31.159>into <00:23:31.400>an <00:23:31.520>agreement <00:23:32.159>uh 00:23:32.269 --> 00:23:32.279 align:start position:0% plugged we entered into an agreement uh 00:23:32.279 --> 00:23:34.390 align:start position:0% plugged we entered into an agreement uh with<00:23:32.440>intervest <00:23:33.240>to <00:23:33.480>assist <00:23:33.760>in <00:23:33.880>the <00:23:34.000>plugging 00:23:34.390 --> 00:23:34.400 align:start position:0% with intervest to assist in the plugging 00:23:34.400 --> 00:23:41.510 align:start position:0% with intervest to assist in the plugging operations<00:23:34.880>of <00:23:35.080>that 00:23:41.510 --> 00:23:41.520 align:start position:0% 00:23:41.520 --> 00:23:44.789 align:start position:0% well<00:23:42.520>Mr <00:23:42.799>M <00:23:43.159>you <00:23:43.279>may <00:23:43.480>proceed <00:23:44.400>and <00:23:44.559>that <00:23:44.640>would 00:23:44.789 --> 00:23:44.799 align:start position:0% well Mr M you may proceed and that would 00:23:44.799 --> 00:23:46.710 align:start position:0% well Mr M you may proceed and that would be<00:23:44.919>all <00:23:45.039>the <00:23:45.200>evidence <00:23:45.559>that <00:23:45.679>we <00:23:45.919>have <00:23:46.400>uh <00:23:46.520>Mr 00:23:46.710 --> 00:23:46.720 align:start position:0% be all the evidence that we have uh Mr 00:23:46.720 --> 00:23:52.510 align:start position:0% be all the evidence that we have uh Mr chairman<00:23:47.120>regards <00:23:47.559>to <00:23:48.200>uh <00:23:48.360>docket <00:23:48.679>number 00:23:52.510 --> 00:23:52.520 align:start position:0% 00:23:52.520 --> 00:23:56.430 align:start position:0% 4273<00:23:53.520>any <00:23:53.760>questions <00:23:54.039>from <00:23:54.240>the 00:23:56.430 --> 00:23:56.440 align:start position:0% 00:23:56.440 --> 00:23:58.789 align:start position:0% board<00:23:57.440>Mr <00:23:57.679>chair 00:23:58.789 --> 00:23:58.799 align:start position:0% board Mr chair 00:23:58.799 --> 00:24:00.909 align:start position:0% board Mr chair chair<00:23:59.799>I <00:24:00.120>understand <00:24:00.240>you're <00:24:00.440>soliciting 00:24:00.909 --> 00:24:00.919 align:start position:0% chair I understand you're soliciting 00:24:00.919 --> 00:24:02.590 align:start position:0% chair I understand you're soliciting questions<00:24:01.200>from <00:24:01.360>the <00:24:01.480>board <00:24:01.720>and <00:24:01.880>I'm <00:24:02.320>not <00:24:02.480>a 00:24:02.590 --> 00:24:02.600 align:start position:0% questions from the board and I'm not a 00:24:02.600 --> 00:24:05.350 align:start position:0% questions from the board and I'm not a member<00:24:02.840>of <00:24:02.919>the <00:24:03.039>board <00:24:03.440>but <00:24:04.360>uh <00:24:04.720>just <00:24:04.840>want <00:24:05.000>to 00:24:05.350 --> 00:24:05.360 align:start position:0% member of the board but uh just want to 00:24:05.360 --> 00:24:08.990 align:start position:0% member of the board but uh just want to flag<00:24:05.960>something <00:24:06.480>under <00:24:06.880>paragraph <00:24:07.840>14.1 <00:24:08.840>of 00:24:08.990 --> 00:24:09.000 align:start position:0% flag something under paragraph 14.1 of 00:24:09.000 --> 00:24:12.070 align:start position:0% flag something under paragraph 14.1 of the<00:24:09.159>draft <00:24:09.799>order <00:24:10.799>which <00:24:11.000>lists <00:24:11.520>First <00:24:11.840>Bank 00:24:12.070 --> 00:24:12.080 align:start position:0% the draft order which lists First Bank 00:24:12.080 --> 00:24:14.830 align:start position:0% the draft order which lists First Bank and<00:24:12.320>Trust <00:24:12.960>as <00:24:13.120>the <00:24:13.320>escrow <00:24:14.080>agent <00:24:14.440>for 00:24:14.830 --> 00:24:14.840 align:start position:0% and Trust as the escrow agent for 00:24:14.840 --> 00:24:17.190 align:start position:0% and Trust as the escrow agent for unknown<00:24:15.360>or <00:24:15.640>unlocatable 00:24:17.190 --> 00:24:17.200 align:start position:0% unknown or unlocatable 00:24:17.200 --> 00:24:19.710 align:start position:0% unknown or unlocatable persons<00:24:18.200>uh <00:24:18.559>I <00:24:18.960>understand <00:24:19.120>it's <00:24:19.279>been <00:24:19.559>the 00:24:19.710 --> 00:24:19.720 align:start position:0% persons uh I understand it's been the 00:24:19.720 --> 00:24:22.510 align:start position:0% persons uh I understand it's been the board's<00:24:20.440>practice <00:24:21.440>for <00:24:21.960>unknown <00:24:22.320>or 00:24:22.510 --> 00:24:22.520 align:start position:0% board's practice for unknown or 00:24:22.520 --> 00:24:24.549 align:start position:0% board's practice for unknown or unlocatable<00:24:23.360>persons <00:24:23.840>to <00:24:24.120>list <00:24:24.400>the 00:24:24.549 --> 00:24:24.559 align:start position:0% unlocatable persons to list the 00:24:24.559 --> 00:24:26.789 align:start position:0% unlocatable persons to list the Department<00:24:25.000>of <00:24:25.240>Treasury <00:24:25.919>as <00:24:26.080>the <00:24:26.240>escrow 00:24:26.789 --> 00:24:26.799 align:start position:0% Department of Treasury as the escrow 00:24:26.799 --> 00:24:30.510 align:start position:0% Department of Treasury as the escrow agent<00:24:28.120>uh <00:24:28.520>and <00:24:29.000>uh <00:24:29.320>just <00:24:29.840>consistent <00:24:30.360>with 00:24:30.510 --> 00:24:30.520 align:start position:0% agent uh and uh just consistent with 00:24:30.520 --> 00:24:32.389 align:start position:0% agent uh and uh just consistent with that<00:24:30.760>practice <00:24:31.159>it's <00:24:31.320>certainly <00:24:31.679>not <00:24:31.880>wrong 00:24:32.389 --> 00:24:32.399 align:start position:0% that practice it's certainly not wrong 00:24:32.399 --> 00:24:35.630 align:start position:0% that practice it's certainly not wrong to<00:24:33.159>uh <00:24:33.360>to <00:24:33.720>to <00:24:33.880>list <00:24:34.240>exactly <00:24:34.600>the <00:24:34.720>esro <00:24:35.200>agent 00:24:35.630 --> 00:24:35.640 align:start position:0% to uh to to list exactly the esro agent 00:24:35.640 --> 00:24:37.950 align:start position:0% to uh to to list exactly the esro agent that<00:24:35.880>was <00:24:36.080>done <00:24:36.559>but <00:24:36.919>consistent <00:24:37.440>with <00:24:37.720>with 00:24:37.950 --> 00:24:37.960 align:start position:0% that was done but consistent with with 00:24:37.960 --> 00:24:40.549 align:start position:0% that was done but consistent with with practice<00:24:38.360>you <00:24:38.520>may <00:24:38.720>want <00:24:38.919>to <00:24:39.840>just <00:24:40.120>approve 00:24:40.549 --> 00:24:40.559 align:start position:0% practice you may want to just approve 00:24:40.559 --> 00:24:42.590 align:start position:0% practice you may want to just approve this<00:24:40.720>draft <00:24:41.039>order <00:24:41.360>with <00:24:41.520>that <00:24:41.799>revision 00:24:42.590 --> 00:24:42.600 align:start position:0% this draft order with that revision 00:24:42.600 --> 00:24:44.669 align:start position:0% this draft order with that revision adding<00:24:43.600>uh <00:24:43.760>the <00:24:43.880>Department <00:24:44.200>of <00:24:44.320>Treasury 00:24:44.669 --> 00:24:44.679 align:start position:0% adding uh the Department of Treasury 00:24:44.679 --> 00:24:46.950 align:start position:0% adding uh the Department of Treasury division<00:24:44.960>of <00:24:45.120>unclaimed <00:24:45.640>property 00:24:46.950 --> 00:24:46.960 align:start position:0% division of unclaimed property 00:24:46.960 --> 00:24:49.269 align:start position:0% division of unclaimed property instead<00:24:47.960>and <00:24:48.120>Mr <00:24:48.360>chair <00:24:48.600>I <00:24:48.679>think <00:24:48.840>you <00:24:48.960>may <00:24:49.120>be 00:24:49.269 --> 00:24:49.279 align:start position:0% instead and Mr chair I think you may be 00:24:49.279 --> 00:24:50.669 align:start position:0% instead and Mr chair I think you may be looking<00:24:49.480>at <00:24:49.600>an <00:24:49.720>old <00:24:50.000>version <00:24:50.360>of <00:24:50.520>the 00:24:50.669 --> 00:24:50.679 align:start position:0% looking at an old version of the 00:24:50.679 --> 00:24:52.950 align:start position:0% looking at an old version of the proposed<00:24:51.080>order <00:24:51.520>that's <00:24:51.840>actually <00:24:52.120>in <00:24:52.720>uh <00:24:52.840>the 00:24:52.950 --> 00:24:52.960 align:start position:0% proposed order that's actually in uh the 00:24:52.960 --> 00:24:54.230 align:start position:0% proposed order that's actually in uh the version<00:24:53.279>that's <00:24:53.440>currently <00:24:53.760>in <00:24:53.840>front <00:24:54.039>of <00:24:54.159>the 00:24:54.230 --> 00:24:54.240 align:start position:0% version that's currently in front of the 00:24:54.240 --> 00:24:56.029 align:start position:0% version that's currently in front of the board<00:24:54.640>the <00:24:54.760>escro <00:24:55.159>agent's <00:24:55.480>list <00:24:55.760>is <00:24:55.880>the 00:24:56.029 --> 00:24:56.039 align:start position:0% board the escro agent's list is the 00:24:56.039 --> 00:24:59.350 align:start position:0% board the escro agent's list is the Department<00:24:56.360>of <00:24:56.760>Treasury <00:24:57.840>okay 00:24:59.350 --> 00:24:59.360 align:start position:0% Department of Treasury okay 00:24:59.360 --> 00:25:02.269 align:start position:0% Department of Treasury okay great 00:25:02.269 --> 00:25:02.279 align:start position:0% great 00:25:02.279 --> 00:25:07.630 align:start position:0% great okay<00:25:03.279>anything 00:25:07.630 --> 00:25:07.640 align:start position:0% 00:25:07.640 --> 00:25:11.950 align:start position:0% further<00:25:08.720>none <00:25:09.720>board <00:25:10.000>operates <00:25:10.399>on <00:25:10.520>a 00:25:11.950 --> 00:25:11.960 align:start position:0% further none board operates on a 00:25:11.960 --> 00:25:15.149 align:start position:0% further none board operates on a mo<00:25:12.960>I'll <00:25:13.200>make <00:25:13.320>a <00:25:13.440>motion <00:25:13.720>for 00:25:15.149 --> 00:25:15.159 align:start position:0% mo I'll make a motion for 00:25:15.159 --> 00:25:17.630 align:start position:0% mo I'll make a motion for approval<00:25:16.159>we <00:25:16.279>have <00:25:16.360>a <00:25:16.520>motion <00:25:16.840>we <00:25:16.919>have <00:25:17.120>second 00:25:17.630 --> 00:25:17.640 align:start position:0% approval we have a motion we have second 00:25:17.640 --> 00:25:19.710 align:start position:0% approval we have a motion we have second second<00:25:18.480>we <00:25:18.600>have <00:25:18.679>a <00:25:18.760>motion <00:25:19.080>we <00:25:19.200>have <00:25:19.360>second 00:25:19.710 --> 00:25:19.720 align:start position:0% second we have a motion we have second 00:25:19.720 --> 00:25:21.110 align:start position:0% second we have a motion we have second we<00:25:19.799>have <00:25:19.919>any 00:25:21.110 --> 00:25:21.120 align:start position:0% we have any 00:25:21.120 --> 00:25:23.310 align:start position:0% we have any discussion<00:25:22.120>M <00:25:22.360>Gilmer <00:25:22.720>will <00:25:22.799>you <00:25:22.960>call <00:25:23.200>the 00:25:23.310 --> 00:25:23.320 align:start position:0% discussion M Gilmer will you call the 00:25:23.320 --> 00:25:24.830 align:start position:0% discussion M Gilmer will you call the board 00:25:24.830 --> 00:25:24.840 align:start position:0% board 00:25:24.840 --> 00:25:30.110 align:start position:0% board please<00:25:25.840>yes <00:25:26.120>Mr <00:25:26.480>Harris <00:25:27.240>yes <00:25:27.880>Mr <00:25:28.200>rler <00:25:28.799>Iain <00:25:29.799>Mr 00:25:30.110 --> 00:25:30.120 align:start position:0% please yes Mr Harris yes Mr rler Iain Mr 00:25:30.120 --> 00:25:35.029 align:start position:0% please yes Mr Harris yes Mr rler Iain Mr Jansen<00:25:30.919>yes <00:25:31.440>Mr <00:25:32.279>cofin <00:25:33.279>yes <00:25:34.080>Mr 00:25:35.029 --> 00:25:35.039 align:start position:0% Jansen yes Mr cofin yes Mr 00:25:35.039 --> 00:25:39.710 align:start position:0% Jansen yes Mr cofin yes Mr pord 00:25:39.710 --> 00:25:39.720 align:start position:0% 00:25:39.720 --> 00:25:43.190 align:start position:0% yes<00:25:40.720>that <00:25:40.919>docket <00:25:41.279>item <00:25:41.520>is <00:25:41.679>approved <00:25:42.039>as 00:25:43.190 --> 00:25:43.200 align:start position:0% yes that docket item is approved as 00:25:43.200 --> 00:25:46.070 align:start position:0% yes that docket item is approved as presented<00:25:44.200>thank <00:25:44.360>you <00:25:44.480>Mr <00:25:44.720>chair <00:25:45.600>next <00:25:45.799>we'll 00:25:46.070 --> 00:25:46.080 align:start position:0% presented thank you Mr chair next we'll 00:25:46.080 --> 00:25:48.029 align:start position:0% presented thank you Mr chair next we'll have<00:25:46.200>a <00:25:46.399>petition <00:25:46.760>from <00:25:46.880>kyrock <00:25:47.360>energy <00:25:47.760>for 00:25:48.029 --> 00:25:48.039 align:start position:0% have a petition from kyrock energy for 00:25:48.039 --> 00:25:50.990 align:start position:0% have a petition from kyrock energy for well<00:25:48.399>location <00:25:48.960>exception <00:25:49.520>pursuant <00:25:49.919>to <00:25:50.080>code 00:25:50.990 --> 00:25:51.000 align:start position:0% well location exception pursuant to code 00:25:51.000 --> 00:25:53.230 align:start position:0% well location exception pursuant to code 45.2<00:25:52.000>-1 00:25:53.230 --> 00:25:53.240 align:start position:0% 45.2 -1 00:25:53.240 --> 00:25:56.990 align:start position:0% 45.2 -1 16.16<00:25:54.240>this <00:25:54.399>is <00:25:54.960>u <00:25:55.240>a <00:25:55.399>well <00:25:55.799>near <00:25:56.360>Contour <00:25:56.760>deep 00:25:56.990 --> 00:25:57.000 align:start position:0% 16.16 this is u a well near Contour deep 00:25:57.000 --> 00:25:58.950 align:start position:0% 16.16 this is u a well near Contour deep m41 00:25:58.950 --> 00:25:58.960 align:start position:0% m41 00:25:58.960 --> 00:26:05.789 align:start position:0% m41 doet<00:25:59.320>number <00:25:59.960>VG <00:26:00.960>23- <00:26:01.840>091 <00:26:03.320>9-42 <00:26:04.320>74 <00:26:05.039>is <00:26:05.360>also 00:26:05.789 --> 00:26:05.799 align:start position:0% doet number VG 23- 091 9-42 74 is also 00:26:05.799 --> 00:26:08.149 align:start position:0% doet number VG 23- 091 9-42 74 is also was<00:26:06.039>continued <00:26:06.600>from <00:26:06.919>September <00:26:07.919>and <00:26:08.039>we 00:26:08.149 --> 00:26:08.159 align:start position:0% was continued from September and we 00:26:08.159 --> 00:26:09.950 align:start position:0% was continued from September and we would<00:26:08.399>ask <00:26:08.640>all <00:26:08.880>parties <00:26:09.279>interested <00:26:09.720>please 00:26:09.950 --> 00:26:09.960 align:start position:0% would ask all parties interested please 00:26:09.960 --> 00:26:13.230 align:start position:0% would ask all parties interested please step<00:26:10.679>forward <00:26:11.679>Freddy <00:26:12.000>bones <00:26:12.240>for <00:26:12.399>key <00:26:12.640>Rocky 00:26:13.230 --> 00:26:13.240 align:start position:0% step forward Freddy bones for key Rocky 00:26:13.240 --> 00:26:17.149 align:start position:0% step forward Freddy bones for key Rocky Mr<00:26:13.520>chair <00:26:14.520>you <00:26:15.159>may <00:26:16.159>all <00:26:16.279>right <00:26:16.440>Mr <00:26:16.720>P <00:26:16.960>can <00:26:17.039>you 00:26:17.149 --> 00:26:17.159 align:start position:0% Mr chair you may all right Mr P can you 00:26:17.159 --> 00:26:19.470 align:start position:0% Mr chair you may all right Mr P can you please<00:26:17.360>state <00:26:17.600>your <00:26:17.760>name <00:26:17.919>for <00:26:18.120>the <00:26:18.200>board 00:26:19.470 --> 00:26:19.480 align:start position:0% please state your name for the board 00:26:19.480 --> 00:26:22.430 align:start position:0% please state your name for the board please<00:26:20.480>and <00:26:20.640>you <00:26:20.840>are <00:26:21.360>employed <00:26:21.840>by <00:26:22.000>kyrock 00:26:22.430 --> 00:26:22.440 align:start position:0% please and you are employed by kyrock 00:26:22.440 --> 00:26:24.909 align:start position:0% please and you are employed by kyrock energy<00:26:22.840>as <00:26:22.960>a <00:26:23.080>geologist <00:26:23.640>is <00:26:23.799>that <00:26:24.000>correct 00:26:24.909 --> 00:26:24.919 align:start position:0% energy as a geologist is that correct 00:26:24.919 --> 00:26:27.750 align:start position:0% energy as a geologist is that correct yes<00:26:25.919>and <00:26:26.080>KY <00:26:26.399>rock <00:26:26.679>is <00:26:26.840>authorized <00:26:27.360>to <00:26:27.440>do 00:26:27.750 --> 00:26:27.760 align:start position:0% yes and KY rock is authorized to do 00:26:27.760 --> 00:26:29.549 align:start position:0% yes and KY rock is authorized to do business<00:26:28.000>in <00:26:28.159>the <00:26:28.279>Commonwealth <00:26:28.720>of <00:26:28.840>Virginia 00:26:29.549 --> 00:26:29.559 align:start position:0% business in the Commonwealth of Virginia 00:26:29.559 --> 00:26:32.269 align:start position:0% business in the Commonwealth of Virginia yes<00:26:29.720>sir <00:26:30.559>and <00:26:30.760>KY <00:26:31.000>Rock <00:26:31.240>has <00:26:31.360>a <00:26:31.480>bond <00:26:31.720>on <00:26:31.880>file 00:26:32.269 --> 00:26:32.279 align:start position:0% yes sir and KY Rock has a bond on file 00:26:32.279 --> 00:26:34.750 align:start position:0% yes sir and KY Rock has a bond on file with<00:26:32.440>this <00:26:32.640>department <00:26:33.080>is <00:26:33.240>that <00:26:33.480>correct <00:26:34.039>yes 00:26:34.750 --> 00:26:34.760 align:start position:0% with this department is that correct yes 00:26:34.760 --> 00:26:36.590 align:start position:0% with this department is that correct yes and<00:26:34.840>you <00:26:34.960>are <00:26:35.159>familiar <00:26:35.840>with <00:26:36.399>this 00:26:36.590 --> 00:26:36.600 align:start position:0% and you are familiar with this 00:26:36.600 --> 00:26:39.430 align:start position:0% and you are familiar with this application<00:26:37.480>this <00:26:37.640>dock <00:26:37.880>at <00:26:38.120>4274 <00:26:39.120>is <00:26:39.279>that 00:26:39.430 --> 00:26:39.440 align:start position:0% application this dock at 4274 is that 00:26:39.440 --> 00:26:41.909 align:start position:0% application this dock at 4274 is that correct<00:26:40.240>yes <00:26:40.840>and <00:26:41.000>this <00:26:41.159>involves <00:26:41.480>a <00:26:41.600>well 00:26:41.909 --> 00:26:41.919 align:start position:0% correct yes and this involves a well 00:26:41.919 --> 00:26:44.190 align:start position:0% correct yes and this involves a well location<00:26:42.360>exception <00:26:42.720>for <00:26:42.840>a <00:26:42.960>CED <00:26:43.360>methane <00:26:43.720>whe 00:26:44.190 --> 00:26:44.200 align:start position:0% location exception for a CED methane whe 00:26:44.200 --> 00:26:46.630 align:start position:0% location exception for a CED methane whe correct<00:26:45.159>and <00:26:45.279>is <00:26:45.480>this <00:26:45.640>unit <00:26:45.960>located <00:26:46.399>in <00:26:46.520>the 00:26:46.630 --> 00:26:46.640 align:start position:0% correct and is this unit located in the 00:26:46.640 --> 00:26:49.909 align:start position:0% correct and is this unit located in the nor<00:26:47.080>C <00:26:47.320>bed <00:26:47.600>gas <00:26:47.880>field <00:26:48.799>yes <00:26:49.399>and <00:26:49.600>how <00:26:49.720>many 00:26:49.909 --> 00:26:49.919 align:start position:0% nor C bed gas field yes and how many 00:26:49.919 --> 00:26:53.230 align:start position:0% nor C bed gas field yes and how many acres<00:26:50.320>does <00:26:50.640>this <00:26:51.120>uh <00:26:51.279>unit <00:26:51.679>contain 00:26:53.230 --> 00:26:53.240 align:start position:0% acres does this uh unit contain 00:26:53.240 --> 00:26:57.070 align:start position:0% acres does this uh unit contain 41983<00:26:54.240>acres <00:26:55.159>and <00:26:55.360>tck <00:26:55.960>has <00:26:56.159>obtained <00:26:56.960>uh 00:26:57.070 --> 00:26:57.080 align:start position:0% 41983 acres and tck has obtained uh 00:26:57.080 --> 00:26:58.909 align:start position:0% 41983 acres and tck has obtained uh leases<00:26:57.600>for <00:26:57.720>a <00:26:57.840>portion <00:26:58.120>of <00:26:58.279>this <00:26:58.399>unit <00:26:58.760>is 00:26:58.909 --> 00:26:58.919 align:start position:0% leases for a portion of this unit is 00:26:58.919 --> 00:27:01.590 align:start position:0% leases for a portion of this unit is that<00:26:59.120>correct <00:26:59.919>yes <00:27:00.840>and <00:27:01.000>have <00:27:01.200>those <00:27:01.360>been 00:27:01.590 --> 00:27:01.600 align:start position:0% that correct yes and have those been 00:27:01.600 --> 00:27:04.950 align:start position:0% that correct yes and have those been obtained<00:27:02.039>from <00:27:02.279>intervest <00:27:03.240>yes 00:27:04.950 --> 00:27:04.960 align:start position:0% obtained from intervest yes 00:27:04.960 --> 00:27:07.070 align:start position:0% obtained from intervest yes sir<00:27:05.960>and <00:27:06.080>can <00:27:06.200>you <00:27:06.320>explain <00:27:06.600>to <00:27:06.720>the <00:27:06.840>board 00:27:07.070 --> 00:27:07.080 align:start position:0% sir and can you explain to the board 00:27:07.080 --> 00:27:08.510 align:start position:0% sir and can you explain to the board what<00:27:07.240>KY <00:27:07.480>Rock <00:27:07.640>plans <00:27:07.919>to <00:27:08.039>do <00:27:08.159>if <00:27:08.320>this 00:27:08.510 --> 00:27:08.520 align:start position:0% what KY Rock plans to do if this 00:27:08.520 --> 00:27:11.029 align:start position:0% what KY Rock plans to do if this application<00:27:09.000>is <00:27:09.360>granted <00:27:10.360>we <00:27:10.480>will <00:27:10.600>drill <00:27:10.880>a 00:27:11.029 --> 00:27:11.039 align:start position:0% application is granted we will drill a 00:27:11.039 --> 00:27:13.310 align:start position:0% application is granted we will drill a well<00:27:11.360>into <00:27:11.799>the <00:27:12.200>jaw <00:27:12.559>bone <00:27:12.760>seam <00:27:13.039>into <00:27:13.200>the 00:27:13.310 --> 00:27:13.320 align:start position:0% well into the jaw bone seam into the 00:27:13.320 --> 00:27:16.190 align:start position:0% well into the jaw bone seam into the active<00:27:13.600>mine <00:27:13.799>deep <00:27:14.000>mine <00:27:14.240>41 <00:27:15.000>and <00:27:15.200>produce <00:27:15.720>gas 00:27:16.190 --> 00:27:16.200 align:start position:0% active mine deep mine 41 and produce gas 00:27:16.200 --> 00:27:18.789 align:start position:0% active mine deep mine 41 and produce gas and<00:27:16.399>generate <00:27:16.799>carbon <00:27:17.200>credits <00:27:18.200>and <00:27:18.360>how <00:27:18.520>were 00:27:18.789 --> 00:27:18.799 align:start position:0% and generate carbon credits and how were 00:27:18.799 --> 00:27:20.990 align:start position:0% and generate carbon credits and how were the<00:27:19.120>the <00:27:19.320>different <00:27:19.679>parties <00:27:20.080>named <00:27:20.559>informed 00:27:20.990 --> 00:27:21.000 align:start position:0% the the different parties named informed 00:27:21.000 --> 00:27:22.990 align:start position:0% the the different parties named informed of<00:27:21.159>this <00:27:21.360>proceeding <00:27:22.080>we <00:27:22.240>have <00:27:22.399>some <00:27:22.679>known 00:27:22.990 --> 00:27:23.000 align:start position:0% of this proceeding we have some known 00:27:23.000 --> 00:27:25.750 align:start position:0% of this proceeding we have some known and<00:27:23.200>some <00:27:23.480>unknown <00:27:24.480>uh <00:27:24.640>registered <00:27:25.200>or 00:27:25.750 --> 00:27:25.760 align:start position:0% and some unknown uh registered mail or 00:27:25.760 --> 00:27:27.950 align:start position:0% and some unknown uh registered mail or certifi<00:27:26.200>and <00:27:26.919>uh <00:27:27.080>Dickson <00:27:27.640>star 00:27:27.950 --> 00:27:27.960 align:start position:0% certifi mail and uh Dickson star 00:27:27.960 --> 00:27:30.149 align:start position:0% certifi mail and uh Dickson star publication<00:27:28.960>and <00:27:29.120>has <00:27:29.279>that <00:27:29.520>documentation 00:27:30.149 --> 00:27:30.159 align:start position:0% publication and has that documentation 00:27:30.159 --> 00:27:33.389 align:start position:0% publication and has that documentation been<00:27:30.360>filed <00:27:30.720>with <00:27:30.880>the <00:27:31.000>board <00:27:31.960>yes <00:27:32.960>and <00:27:33.200>what 00:27:33.389 --> 00:27:33.399 align:start position:0% been filed with the board yes and what 00:27:33.399 --> 00:27:34.909 align:start position:0% been filed with the board yes and what percentage<00:27:33.799>of <00:27:33.919>the <00:27:34.000>unit <00:27:34.279>does <00:27:34.480>key <00:27:34.760>Rock 00:27:34.909 --> 00:27:34.919 align:start position:0% percentage of the unit does key Rock 00:27:34.919 --> 00:27:36.830 align:start position:0% percentage of the unit does key Rock Energy<00:27:35.279>have <00:27:35.480>under <00:27:35.760>lease <00:27:36.080>as <00:27:36.200>a <00:27:36.360>result <00:27:36.679>of 00:27:36.830 --> 00:27:36.840 align:start position:0% Energy have under lease as a result of 00:27:36.840 --> 00:27:40.230 align:start position:0% Energy have under lease as a result of its<00:27:37.320>dealings <00:27:37.679>with <00:27:37.840>inter 00:27:40.230 --> 00:27:40.240 align:start position:0% its dealings with inter 00:27:40.240 --> 00:27:44.029 align:start position:0% its dealings with inter 8.12%<00:27:41.240>and <00:27:41.440>so <00:27:42.159>uh <00:27:42.279>the <00:27:42.480>B <00:27:42.960>the <00:27:43.320>the <00:27:43.399>balance <00:27:43.840>KY 00:27:44.029 --> 00:27:44.039 align:start position:0% 8.12% and so uh the B the the balance KY 00:27:44.039 --> 00:27:45.990 align:start position:0% 8.12% and so uh the B the the balance KY Rock<00:27:44.240>does <00:27:44.360>not <00:27:44.519>have <00:27:44.679>under <00:27:45.000>leas <00:27:45.600>is 00:27:45.990 --> 00:27:46.000 align:start position:0% Rock does not have under leas is 00:27:46.000 --> 00:27:49.110 align:start position:0% Rock does not have under leas is approximately<00:27:46.559>20% <00:27:47.559>and <00:27:47.880>what <00:27:48.120>percentage <00:27:48.760>of 00:27:49.110 --> 00:27:49.120 align:start position:0% approximately 20% and what percentage of 00:27:49.120 --> 00:27:51.830 align:start position:0% approximately 20% and what percentage of of<00:27:49.279>that <00:27:49.440>20% <00:27:50.200>approximately <00:27:50.640>20% <00:27:51.279>are 00:27:51.830 --> 00:27:51.840 align:start position:0% of that 20% approximately 20% are 00:27:51.840 --> 00:27:53.149 align:start position:0% of that 20% approximately 20% are unknown 00:27:53.149 --> 00:27:53.159 align:start position:0% unknown 00:27:53.159 --> 00:27:55.509 align:start position:0% unknown 14.33<00:27:54.159>and <00:27:54.279>you <00:27:54.399>said <00:27:54.679>these <00:27:55.000>unknown 00:27:55.509 --> 00:27:55.519 align:start position:0% 14.33 and you said these unknown 00:27:55.519 --> 00:27:57.669 align:start position:0% 14.33 and you said these unknown Unleased<00:27:56.000>owners <00:27:56.320>were <00:27:56.559>informed <00:27:57.320>uh <00:27:57.559>by 00:27:57.669 --> 00:27:57.679 align:start position:0% Unleased owners were informed uh by 00:27:57.679 --> 00:27:59.590 align:start position:0% Unleased owners were informed uh by order<00:27:57.840>of <00:27:58.000>publication <00:27:58.399>in <00:27:58.519>the <00:27:58.600>decking <00:27:59.120>star 00:27:59.590 --> 00:27:59.600 align:start position:0% order of publication in the decking star 00:27:59.600 --> 00:28:02.470 align:start position:0% order of publication in the decking star yes<00:27:59.760>sir <00:28:00.519>all <00:28:00.720>right <00:28:01.120>and <00:28:01.399>previously <00:28:01.960>KY <00:28:02.240>Rock 00:28:02.470 --> 00:28:02.480 align:start position:0% yes sir all right and previously KY Rock 00:28:02.480 --> 00:28:05.269 align:start position:0% yes sir all right and previously KY Rock has<00:28:02.799>has <00:28:02.960>sought <00:28:03.279>to <00:28:03.440>pull <00:28:04.200>uh <00:28:04.600>100% <00:28:05.039>of <00:28:05.159>this 00:28:05.269 --> 00:28:05.279 align:start position:0% has has sought to pull uh 100% of this 00:28:05.279 --> 00:28:08.310 align:start position:0% has has sought to pull uh 100% of this unit<00:28:05.600>today <00:28:05.960>correct <00:28:06.559>yes <00:28:07.559>and <00:28:07.799>the <00:28:08.080>what <00:28:08.200>is 00:28:08.310 --> 00:28:08.320 align:start position:0% unit today correct yes and the what is 00:28:08.320 --> 00:28:12.029 align:start position:0% unit today correct yes and the what is the<00:28:08.480>proposed <00:28:08.919>depth <00:28:09.159>of <00:28:09.279>the <00:28:09.360>well <00:28:10.360>1,170 <00:28:11.360>ft 00:28:12.029 --> 00:28:12.039 align:start position:0% the proposed depth of the well 1,170 ft 00:28:12.039 --> 00:28:15.630 align:start position:0% the proposed depth of the well 1,170 ft and<00:28:12.200>the <00:28:12.360>estimated <00:28:12.880>reserves <00:28:14.120>475 00:28:15.630 --> 00:28:15.640 align:start position:0% and the estimated reserves 475 00:28:15.640 --> 00:28:18.470 align:start position:0% and the estimated reserves 475 mmcf<00:28:16.640>and <00:28:16.799>what <00:28:16.919>is <00:28:17.080>the <00:28:17.360>estimated <00:28:17.919>dry <00:28:18.200>hole 00:28:18.470 --> 00:28:18.480 align:start position:0% mmcf and what is the estimated dry hole 00:28:18.480 --> 00:28:22.909 align:start position:0% mmcf and what is the estimated dry hole cost<00:28:18.720>of <00:28:18.919>this <00:28:19.440>uh <00:28:19.679>well <00:28:20.440>uh <00:28:20.880>200 <00:28:21.399>proximately 00:28:22.909 --> 00:28:22.919 align:start position:0% cost of this uh well uh 200 proximately 00:28:22.919 --> 00:28:26.350 align:start position:0% cost of this uh well uh 200 proximately 262,000<00:28:23.919>all <00:28:24.080>right <00:28:24.519>and <00:28:24.840>the <00:28:25.240>uh <00:28:25.600>previously 00:28:26.350 --> 00:28:26.360 align:start position:0% 262,000 all right and the uh previously 00:28:26.360 --> 00:28:28.230 align:start position:0% 262,000 all right and the uh previously you<00:28:26.519>said <00:28:26.919>that 00:28:28.230 --> 00:28:28.240 align:start position:0% you said that 00:28:28.240 --> 00:28:28.990 align:start position:0% you said that uh 00:28:28.990 --> 00:28:29.000 align:start position:0% uh 00:28:29.000 --> 00:28:32.190 align:start position:0% uh p454<00:28:30.000>C <00:28:30.440>has <00:28:30.600>been <00:28:30.840>plugged <00:28:31.320>is <00:28:31.440>that <00:28:31.679>correct 00:28:32.190 --> 00:28:32.200 align:start position:0% p454 C has been plugged is that correct 00:28:32.200 --> 00:28:34.269 align:start position:0% p454 C has been plugged is that correct I<00:28:32.360>believe <00:28:32.640>so <00:28:33.279>all <00:28:33.440>right <00:28:33.799>and <00:28:33.919>so <00:28:34.120>the 00:28:34.269 --> 00:28:34.279 align:start position:0% I believe so all right and so the 00:28:34.279 --> 00:28:37.070 align:start position:0% I believe so all right and so the proposed<00:28:34.640>well <00:28:34.919>location <00:28:35.279>would <00:28:35.519>also <00:28:35.760>be <00:28:36.080>858 00:28:37.070 --> 00:28:37.080 align:start position:0% proposed well location would also be 858 00:28:37.080 --> 00:28:40.909 align:start position:0% proposed well location would also be 858 ft<00:28:37.960>from <00:28:38.600>uh <00:28:38.720>well <00:28:39.000>number <00:28:39.320>VC 00:28:40.909 --> 00:28:40.919 align:start position:0% ft from uh well number VC 00:28:40.919 --> 00:28:44.750 align:start position:0% ft from uh well number VC 50342<00:28:41.919>yes <00:28:42.799>and <00:28:43.000>your <00:28:43.159>requesting <00:28:43.880>that <00:28:44.480>uh 00:28:44.750 --> 00:28:44.760 align:start position:0% 50342 yes and your requesting that uh 00:28:44.760 --> 00:28:46.750 align:start position:0% 50342 yes and your requesting that uh this<00:28:44.880>board <00:28:45.200>enter <00:28:45.440>an <00:28:45.559>order <00:28:45.799>enabling <00:28:46.519>key 00:28:46.750 --> 00:28:46.760 align:start position:0% this board enter an order enabling key 00:28:46.760 --> 00:28:48.389 align:start position:0% this board enter an order enabling key Rock<00:28:46.960>number <00:28:47.159>three <00:28:47.360>to <00:28:47.480>be <00:28:47.840>drilled <00:28:48.240>is 00:28:48.389 --> 00:28:48.399 align:start position:0% Rock number three to be drilled is 00:28:48.399 --> 00:28:50.230 align:start position:0% Rock number three to be drilled is depicted<00:28:48.799>on <00:28:48.960>the <00:28:49.120>exhibit <00:28:49.600>cave <00:28:49.919>with <00:28:50.080>the 00:28:50.230 --> 00:28:50.240 align:start position:0% depicted on the exhibit cave with the 00:28:50.240 --> 00:28:51.990 align:start position:0% depicted on the exhibit cave with the application<00:28:51.159>yes 00:28:51.990 --> 00:28:52.000 align:start position:0% application yes 00:28:52.000 --> 00:28:54.909 align:start position:0% application yes sir<00:28:53.000>and <00:28:53.159>is <00:28:53.320>the <00:28:53.480>proposed <00:28:54.279>revised <00:28:54.640>well 00:28:54.909 --> 00:28:54.919 align:start position:0% sir and is the proposed revised well 00:28:54.919 --> 00:28:56.789 align:start position:0% sir and is the proposed revised well location<00:28:55.440>necessary <00:28:55.960>to <00:28:56.159>effectively <00:28:56.640>and 00:28:56.789 --> 00:28:56.799 align:start position:0% location necessary to effectively and 00:28:56.799 --> 00:28:58.190 align:start position:0% location necessary to effectively and efficiently<00:28:57.159>dve <00:28:57.360>drain <00:28:57.600>a <00:28:57.720>portion <00:28:57.960>of <00:28:58.080>the 00:28:58.190 --> 00:28:58.200 align:start position:0% efficiently dve drain a portion of the 00:28:58.200 --> 00:29:00.710 align:start position:0% efficiently dve drain a portion of the common<00:28:58.519>sources <00:28:59.440>of <00:28:59.640>Supply <00:29:00.039>underlying <00:29:00.559>the 00:29:00.710 --> 00:29:00.720 align:start position:0% common sources of Supply underlying the 00:29:00.720 --> 00:29:05.549 align:start position:0% common sources of Supply underlying the unit<00:29:01.679>the <00:29:01.799>41.3 <00:29:02.760>acre <00:29:03.080>unit <00:29:03.679>yes <00:29:04.679>and <00:29:05.240>is <00:29:05.399>it 00:29:05.549 --> 00:29:05.559 align:start position:0% unit the 41.3 acre unit yes and is it 00:29:05.559 --> 00:29:06.909 align:start position:0% unit the 41.3 acre unit yes and is it your<00:29:05.760>opinion <00:29:06.120>that <00:29:06.240>it <00:29:06.360>cannot <00:29:06.640>be 00:29:06.909 --> 00:29:06.919 align:start position:0% your opinion that it cannot be 00:29:06.919 --> 00:29:08.350 align:start position:0% your opinion that it cannot be adequately<00:29:07.360>and <00:29:07.519>efficiently <00:29:07.919>drained 00:29:08.350 --> 00:29:08.360 align:start position:0% adequately and efficiently drained 00:29:08.360 --> 00:29:09.950 align:start position:0% adequately and efficiently drained without<00:29:08.600>an <00:29:08.799>exception <00:29:09.240>to <00:29:09.399>the <00:29:09.559>distance 00:29:09.950 --> 00:29:09.960 align:start position:0% without an exception to the distance 00:29:09.960 --> 00:29:13.789 align:start position:0% without an exception to the distance limitations<00:29:10.519>and <00:29:10.679>spacing <00:29:11.120>rules 00:29:13.789 --> 00:29:13.799 align:start position:0% 00:29:13.799 --> 00:29:17.549 align:start position:0% yes<00:29:14.799>and <00:29:14.960>that <00:29:15.039>would <00:29:15.200>be <00:29:15.320>our <00:29:15.480>evidence <00:29:15.880>Mr 00:29:17.549 --> 00:29:17.559 align:start position:0% yes and that would be our evidence Mr 00:29:17.559 --> 00:29:22.870 align:start position:0% yes and that would be our evidence Mr chair<00:29:18.559>any <00:29:18.799>questions <00:29:19.159>from <00:29:19.320>the 00:29:22.870 --> 00:29:22.880 align:start position:0% 00:29:22.880 --> 00:29:26.310 align:start position:0% board<00:29:23.880>anything <00:29:24.279>further <00:29:24.600>Mr <00:29:24.880>M <00:29:25.399>no 00:29:26.310 --> 00:29:26.320 align:start position:0% board anything further Mr M no 00:29:26.320 --> 00:29:29.590 align:start position:0% board anything further Mr M no sir<00:29:27.399>on <00:29:27.519>a 00:29:29.590 --> 00:29:29.600 align:start position:0% sir on a 00:29:29.600 --> 00:29:32.950 align:start position:0% sir on a motion<00:29:30.600>I'll <00:29:30.760>make <00:29:30.919>a <00:29:31.080>motion <00:29:31.320>for <00:29:31.960>approval 00:29:32.950 --> 00:29:32.960 align:start position:0% motion I'll make a motion for approval 00:29:32.960 --> 00:29:35.230 align:start position:0% motion I'll make a motion for approval we<00:29:33.080>have <00:29:33.159>a <00:29:33.240>motion <00:29:33.519>we <00:29:33.600>have <00:29:33.840>second <00:29:34.360>second 00:29:35.230 --> 00:29:35.240 align:start position:0% we have a motion we have second second 00:29:35.240 --> 00:29:36.590 align:start position:0% we have a motion we have second second any 00:29:36.590 --> 00:29:36.600 align:start position:0% any 00:29:36.600 --> 00:29:40.110 align:start position:0% any discussion<00:29:37.600>M <00:29:37.840>Gilmer <00:29:38.159>will <00:29:38.399>hold <00:29:38.600>the <00:29:38.679>board 00:29:40.110 --> 00:29:40.120 align:start position:0% discussion M Gilmer will hold the board 00:29:40.120 --> 00:29:44.990 align:start position:0% discussion M Gilmer will hold the board please<00:29:41.120>yes <00:29:41.559>Mr <00:29:41.880>Harris <00:29:42.679>yes <00:29:43.080>Mr <00:29:43.440>Ratt <00:29:44.080>obstain 00:29:44.990 --> 00:29:45.000 align:start position:0% please yes Mr Harris yes Mr Ratt obstain 00:29:45.000 --> 00:29:48.470 align:start position:0% please yes Mr Harris yes Mr Ratt obstain Mr<00:29:45.320>Jansen <00:29:46.480>yes <00:29:47.480>Mr 00:29:48.470 --> 00:29:48.480 align:start position:0% Mr Jansen yes Mr 00:29:48.480 --> 00:29:51.310 align:start position:0% Mr Jansen yes Mr pther<00:29:49.480>yes <00:29:50.279>and <00:29:50.480>Mr 00:29:51.310 --> 00:29:51.320 align:start position:0% pther yes and Mr 00:29:51.320 --> 00:29:54.870 align:start position:0% pther yes and Mr Cochran 00:29:54.870 --> 00:29:54.880 align:start position:0% 00:29:54.880 --> 00:29:58.350 align:start position:0% yes<00:29:55.880>Mr <00:29:56.320>Mull <00:29:57.360>Miss <00:29:57.559>has <00:29:57.760>approved <00:29:58.120>as 00:29:58.350 --> 00:29:58.360 align:start position:0% yes Mr Mull Miss has approved as 00:29:58.360 --> 00:30:00.230 align:start position:0% yes Mr Mull Miss has approved as presented<00:29:59.240>thank <00:29:59.360>you <00:29:59.480>Mr <00:29:59.720>chair <00:29:59.919>and <00:30:00.080>thank 00:30:00.230 --> 00:30:00.240 align:start position:0% presented thank you Mr chair and thank 00:30:00.240 --> 00:30:01.909 align:start position:0% presented thank you Mr chair and thank you<00:30:00.360>to <00:30:00.519>the <00:30:00.600>board <00:30:00.960>particularly <00:30:01.320>Mr <00:30:01.519>Jansen 00:30:01.909 --> 00:30:01.919 align:start position:0% you to the board particularly Mr Jansen 00:30:01.919 --> 00:30:03.509 align:start position:0% you to the board particularly Mr Jansen who<00:30:02.000>was <00:30:02.159>kind <00:30:02.399>enough <00:30:02.559>to <00:30:02.720>talk <00:30:02.919>to <00:30:03.080>me <00:30:03.279>about 00:30:03.509 --> 00:30:03.519 align:start position:0% who was kind enough to talk to me about 00:30:03.519 --> 00:30:07.190 align:start position:0% who was kind enough to talk to me about my<00:30:03.720>proposed <00:30:04.080>order <00:30:05.039>and <00:30:05.279>also <00:30:05.799>to <00:30:06.440>to <00:30:06.799>Sarah 00:30:07.190 --> 00:30:07.200 align:start position:0% my proposed order and also to to Sarah 00:30:07.200 --> 00:30:09.350 align:start position:0% my proposed order and also to to Sarah and<00:30:07.320>Brad <00:30:07.679>who <00:30:07.880>have <00:30:08.320>we <00:30:08.440>were <00:30:08.600>working <00:30:08.960>as 00:30:09.350 --> 00:30:09.360 align:start position:0% and Brad who have we were working as 00:30:09.360 --> 00:30:10.909 align:start position:0% and Brad who have we were working as late<00:30:09.600>as <00:30:09.799>5 <00:30:10.000>o'clock <00:30:10.360>yesterday <00:30:10.640>evening <00:30:10.840>to 00:30:10.909 --> 00:30:10.919 align:start position:0% late as 5 o'clock yesterday evening to 00:30:10.919 --> 00:30:13.549 align:start position:0% late as 5 o'clock yesterday evening to try<00:30:11.080>to <00:30:11.200>get <00:30:11.320>this <00:30:11.559>ready <00:30:11.919>so <00:30:12.559>thank <00:30:12.720>you <00:30:12.840>to 00:30:13.549 --> 00:30:13.559 align:start position:0% try to get this ready so thank you to 00:30:13.559 --> 00:30:16.110 align:start position:0% try to get this ready so thank you to every<00:30:14.559>Ro <00:30:14.960>you <00:30:15.039>all <00:30:15.159>have <00:30:15.279>a <00:30:15.440>good 00:30:16.110 --> 00:30:16.120 align:start position:0% every Ro you all have a good 00:30:16.120 --> 00:30:25.509 align:start position:0% every Ro you all have a good Thanksgiving<00:30:17.120>thank <00:30:17.279>you <00:30:17.519>you <00:30:17.679>all <00:30:17.960>too <00:30:18.519>thank 00:30:25.509 --> 00:30:25.519 align:start position:0% 00:30:25.519 --> 00:30:28.990 align:start position:0% you<00:30:26.519>before <00:30:26.799>you <00:30:27.000>guys <00:30:27.399>leave <00:30:28.080>uh <00:30:28.519>let <00:30:28.760>let's 00:30:28.990 --> 00:30:29.000 align:start position:0% you before you guys leave uh let let's 00:30:29.000 --> 00:30:31.870 align:start position:0% you before you guys leave uh let let's talk<00:30:29.200>about <00:30:29.480>December's <00:30:30.440>docket <00:30:31.440>yes <00:30:31.600>sir 00:30:31.870 --> 00:30:31.880 align:start position:0% talk about December's docket yes sir 00:30:31.880 --> 00:30:35.430 align:start position:0% talk about December's docket yes sir while<00:30:32.039>you're <00:30:32.679>here <00:30:33.679>got <00:30:33.880>one <00:30:34.039>item <00:30:34.279>on <00:30:34.399>the 00:30:35.430 --> 00:30:35.440 align:start position:0% while you're here got one item on the 00:30:35.440 --> 00:30:39.029 align:start position:0% while you're here got one item on the docket<00:30:36.440>uh <00:30:36.960>we've <00:30:37.120>got <00:30:37.360>some 00:30:39.029 --> 00:30:39.039 align:start position:0% docket uh we've got some 00:30:39.039 --> 00:30:41.669 align:start position:0% docket uh we've got some conflicts<00:30:40.039>so <00:30:40.440>we <00:30:40.559>were <00:30:40.720>going <00:30:40.840>to <00:30:40.960>see <00:30:41.240>if <00:30:41.360>you 00:30:41.669 --> 00:30:41.679 align:start position:0% conflicts so we were going to see if you 00:30:41.679 --> 00:30:43.870 align:start position:0% conflicts so we were going to see if you would<00:30:41.919>prer <00:30:42.240>us <00:30:42.919>back <00:30:43.080>a 00:30:43.870 --> 00:30:43.880 align:start position:0% would prer us back a 00:30:43.880 --> 00:30:47.310 align:start position:0% would prer us back a week<00:30:44.880>or <00:30:45.120>move <00:30:45.360>it <00:30:45.519>to <00:30:45.960>January <00:30:46.960>what <00:30:47.080>are <00:30:47.200>you 00:30:47.310 --> 00:30:47.320 align:start position:0% week or move it to January what are you 00:30:47.320 --> 00:30:49.789 align:start position:0% week or move it to January what are you most<00:30:47.600>comfortable 00:30:49.789 --> 00:30:49.799 align:start position:0% most comfortable 00:30:49.799 --> 00:30:54.549 align:start position:0% most comfortable with<00:30:50.799>it's <00:30:50.960>the <00:30:51.039>honey <00:30:51.360>Camp <00:30:51.679>it 00:30:54.549 --> 00:30:54.559 align:start position:0% 00:30:54.559 --> 00:30:57.029 align:start position:0% is<00:30:55.559>is <00:30:55.720>it <00:30:55.919>this <00:30:56.120>for <00:30:56.279>the <00:30:56.399>December <00:30:56.760>meeting 00:30:57.029 --> 00:30:57.039 align:start position:0% is is it this for the December meeting 00:30:57.039 --> 00:30:58.870 align:start position:0% is is it this for the December meeting for<00:30:57.240>the <00:30:57.399>December <00:30:57.840>meeting <00:30:58.320>and <00:30:58.440>the <00:30:58.600>option 00:30:58.870 --> 00:30:58.880 align:start position:0% for the December meeting and the option 00:30:58.880 --> 00:31:01.470 align:start position:0% for the December meeting and the option is<00:30:59.000>to <00:30:59.240>move <00:30:59.480>it <00:30:59.799>move <00:31:00.000>it <00:31:00.159>back <00:31:00.360>a <00:31:00.559>week <00:31:01.279>got 00:31:01.470 --> 00:31:01.480 align:start position:0% is to move it move it back a week got 00:31:01.480 --> 00:31:03.789 align:start position:0% is to move it move it back a week got some<00:31:01.919>folks <00:31:02.200>that's <00:31:02.519>going <00:31:02.679>to <00:31:03.039>not <00:31:03.240>be <00:31:03.519>here 00:31:03.789 --> 00:31:03.799 align:start position:0% some folks that's going to not be here 00:31:03.799 --> 00:31:06.710 align:start position:0% some folks that's going to not be here or<00:31:04.720>move <00:31:04.919>it <00:31:05.039>to <00:31:05.240>the <00:31:05.399>January <00:31:05.960>meeting <00:31:06.519>do <00:31:06.600>you 00:31:06.710 --> 00:31:06.720 align:start position:0% or move it to the January meeting do you 00:31:06.720 --> 00:31:09.269 align:start position:0% or move it to the January meeting do you know<00:31:07.000>what <00:31:07.600>uh <00:31:08.039>what <00:31:08.200>would <00:31:08.440>be <00:31:08.600>the <00:31:08.760>revised 00:31:09.269 --> 00:31:09.279 align:start position:0% know what uh what would be the revised 00:31:09.279 --> 00:31:11.269 align:start position:0% know what uh what would be the revised date<00:31:09.600>if <00:31:09.720>we <00:31:09.840>move <00:31:10.000>it <00:31:10.200>back <00:31:10.360>over <00:31:10.919>it's <00:31:11.120>the 00:31:11.269 --> 00:31:11.279 align:start position:0% date if we move it back over it's the 00:31:11.279 --> 00:31:13.310 align:start position:0% date if we move it back over it's the 11th<00:31:11.919>I <00:31:12.360>December 00:31:13.310 --> 00:31:13.320 align:start position:0% 11th I December 00:31:13.320 --> 00:31:15.990 align:start position:0% 11th I December 11 00:31:15.990 --> 00:31:16.000 align:start position:0% 11 00:31:16.000 --> 00:31:17.669 align:start position:0% 11 well 00:31:17.669 --> 00:31:17.679 align:start position:0% well 00:31:17.679 --> 00:31:19.950 align:start position:0% well that<00:31:18.679>I <00:31:18.799>think <00:31:18.919>we <00:31:19.039>would <00:31:19.240>probably <00:31:19.480>rather 00:31:19.950 --> 00:31:19.960 align:start position:0% that I think we would probably rather 00:31:19.960 --> 00:31:22.110 align:start position:0% that I think we would probably rather move<00:31:20.200>it <00:31:20.360>back <00:31:20.519>a <00:31:20.679>week <00:31:20.919>than <00:31:21.240>push <00:31:21.440>it <00:31:21.519>to 00:31:22.110 --> 00:31:22.120 align:start position:0% move it back a week than push it to 00:31:22.120 --> 00:31:24.590 align:start position:0% move it back a week than push it to January<00:31:23.120>Mr <00:31:23.360>chair <00:31:23.639>not <00:31:23.760>to <00:31:23.840>be <00:31:24.000>disagreeable 00:31:24.590 --> 00:31:24.600 align:start position:0% January Mr chair not to be disagreeable 00:31:24.600 --> 00:31:26.669 align:start position:0% January Mr chair not to be disagreeable but<00:31:24.720>I'm <00:31:24.799>in <00:31:24.960>Rono <00:31:25.399>that <00:31:25.639>day <00:31:26.159>I'm <00:31:26.480>not 00:31:26.669 --> 00:31:26.679 align:start position:0% but I'm in Rono that day I'm not 00:31:26.679 --> 00:31:29.269 align:start position:0% but I'm in Rono that day I'm not available<00:31:27.360>that <00:31:27.480>on <00:31:27.639>the <00:31:27.760>12 <00:31:28.480>we 00:31:29.269 --> 00:31:29.279 align:start position:0% available that on the 12 we 00:31:29.279 --> 00:31:31.669 align:start position:0% available that on the 12 we we<00:31:30.279>they <00:31:30.399>may <00:31:30.600>not <00:31:30.960>they <00:31:31.080>may <00:31:31.240>do <00:31:31.440>better 00:31:31.669 --> 00:31:31.679 align:start position:0% we they may not they may do better 00:31:31.679 --> 00:31:32.990 align:start position:0% we they may not they may do better without 00:31:32.990 --> 00:31:33.000 align:start position:0% without 00:31:33.000 --> 00:31:35.789 align:start position:0% without me 00:31:35.789 --> 00:31:35.799 align:start position:0% me 00:31:35.799 --> 00:31:41.590 align:start position:0% me okay<00:31:36.799>now <00:31:37.279>now <00:31:37.760>what's 00:31:41.590 --> 00:31:41.600 align:start position:0% 00:31:41.600 --> 00:31:44.750 align:start position:0% your<00:31:42.600>I <00:31:42.720>think <00:31:42.880>you 00:31:44.750 --> 00:31:44.760 align:start position:0% your I think you 00:31:44.760 --> 00:31:49.470 align:start position:0% your I think you do<00:31:45.760>thank 00:31:49.470 --> 00:31:49.480 align:start position:0% 00:31:49.480 --> 00:31:52.149 align:start position:0% you<00:31:50.480>I <00:31:50.720>I <00:31:50.799>know <00:31:50.919>it's <00:31:51.039>not <00:31:51.240>your <00:31:51.440>regular <00:31:51.840>day 00:31:52.149 --> 00:31:52.159 align:start position:0% you I I know it's not your regular day 00:31:52.159 --> 00:31:55.389 align:start position:0% you I I know it's not your regular day I'm<00:31:52.360>available <00:31:52.880>either <00:31:53.159>the <00:31:53.320>11th <00:31:53.720>or <00:31:53.880>the 00:31:55.389 --> 00:31:55.399 align:start position:0% I'm available either the 11th or the 00:31:55.399 --> 00:31:57.909 align:start position:0% I'm available either the 11th or the 14th<00:31:56.399>uh <00:31:56.840>which <00:31:57.120>whichever <00:31:57.399>would <00:31:57.559>suit 00:31:57.909 --> 00:31:57.919 align:start position:0% 14th uh which whichever would suit 00:31:57.919 --> 00:32:00.549 align:start position:0% 14th uh which whichever would suit everyone's<00:31:58.360>schedule <00:31:59.200>better <00:32:00.200>I <00:32:00.320>know <00:32:00.440>we 00:32:00.549 --> 00:32:00.559 align:start position:0% everyone's schedule better I know we 00:32:00.559 --> 00:32:03.070 align:start position:0% everyone's schedule better I know we don't<00:32:00.720>like <00:32:00.880>moving <00:32:01.200>things 00:32:03.070 --> 00:32:03.080 align:start position:0% don't like moving things 00:32:03.080 --> 00:32:05.389 align:start position:0% don't like moving things around<00:32:04.080>I <00:32:04.320>I <00:32:04.360>don't <00:32:04.559>think <00:32:04.720>I <00:32:04.799>can <00:32:04.960>make <00:32:05.240>the 00:32:05.389 --> 00:32:05.399 align:start position:0% around I I don't think I can make the 00:32:05.399 --> 00:32:07.950 align:start position:0% around I I don't think I can make the 11th<00:32:06.080>I <00:32:06.240>can't <00:32:06.440>even <00:32:06.840>that's <00:32:07.399>pretty <00:32:07.679>busy 00:32:07.950 --> 00:32:07.960 align:start position:0% 11th I can't even that's pretty busy 00:32:07.960 --> 00:32:09.190 align:start position:0% 11th I can't even that's pretty busy here<00:32:08.120>on <00:32:08.279>the 00:32:09.190 --> 00:32:09.200 align:start position:0% here on the 00:32:09.200 --> 00:32:12.470 align:start position:0% here on the 14th<00:32:10.200>the <00:32:10.360>an <00:32:10.799>Christmas <00:32:11.399>event 00:32:12.470 --> 00:32:12.480 align:start position:0% 14th the an Christmas event 00:32:12.480 --> 00:32:16.750 align:start position:0% 14th the an Christmas event for<00:32:13.480>VC <00:32:13.880>is <00:32:14.000>board <00:32:14.279>meetings <00:32:14.760>that <00:32:14.919>day <00:32:15.159>also 00:32:16.750 --> 00:32:16.760 align:start position:0% for VC is board meetings that day also 00:32:16.760 --> 00:32:24.029 align:start position:0% for VC is board meetings that day also so<00:32:17.760>VC <00:32:18.279>is <00:32:18.919>board <00:32:19.240>meets <00:32:20.159>that <00:32:21.159>second 00:32:24.029 --> 00:32:24.039 align:start position:0% 00:32:24.039 --> 00:32:26.230 align:start position:0% Thursday<00:32:25.039>that's <00:32:25.440>however <00:32:25.639>you <00:32:25.799>all <00:32:25.960>want <00:32:26.080>to 00:32:26.230 --> 00:32:26.240 align:start position:0% Thursday that's however you all want to 00:32:26.240 --> 00:32:28.950 align:start position:0% Thursday that's however you all want to do<00:32:26.399>it <00:32:26.799>but <00:32:26.880>I <00:32:27.320>I <00:32:27.399>won't <00:32:28.240>there's <00:32:28.440>no <00:32:28.600>way <00:32:28.720>I <00:32:28.799>can 00:32:28.950 --> 00:32:28.960 align:start position:0% do it but I I won't there's no way I can 00:32:28.960 --> 00:32:30.110 align:start position:0% do it but I I won't there's no way I can be<00:32:29.159>here <00:32:29.360>of 00:32:30.110 --> 00:32:30.120 align:start position:0% be here of 00:32:30.120 --> 00:32:34.710 align:start position:0% be here of 12<00:32:31.120>was <00:32:31.240>going <00:32:31.320>to <00:32:31.399>be <00:32:31.480>a <00:32:31.559>hard <00:32:31.760>one <00:32:32.240>too 00:32:34.710 --> 00:32:34.720 align:start position:0% 12 was going to be a hard one too 00:32:34.720 --> 00:32:40.470 align:start position:0% 12 was going to be a hard one too yeah<00:32:35.720>move <00:32:35.880>it <00:32:35.919>to 00:32:40.470 --> 00:32:40.480 align:start position:0% 00:32:40.480 --> 00:32:43.990 align:start position:0% January<00:32:41.480>afid <00:32:41.720>to <00:32:41.880>say <00:32:42.080>that <00:32:42.200>to 00:32:43.990 --> 00:32:44.000 align:start position:0% January afid to say that to 00:32:44.000 --> 00:32:46.029 align:start position:0% January afid to say that to my 00:32:46.029 --> 00:32:46.039 align:start position:0% my 00:32:46.039 --> 00:32:50.990 align:start position:0% my well<00:32:47.039>you <00:32:47.159>can <00:32:47.399>always <00:32:47.679>blame 00:32:50.990 --> 00:32:51.000 align:start position:0% 00:32:51.000 --> 00:32:54.629 align:start position:0% me<00:32:52.000>we <00:32:52.120>need <00:32:52.240>to <00:32:52.399>write <00:32:52.600>down <00:32:52.880>you <00:32:53.000>said 00:32:54.629 --> 00:32:54.639 align:start position:0% me we need to write down you said 00:32:54.639 --> 00:33:01.029 align:start position:0% me we need to write down you said that<00:32:55.639>I'm <00:32:56.039>sorry <00:32:57.399>what <00:32:57.440>are <00:32:57.480>you <00:32:57.559>going <00:32:57.679>to 00:33:01.029 --> 00:33:01.039 align:start position:0% 00:33:01.039 --> 00:33:03.509 align:start position:0% do<00:33:02.039>we <00:33:02.159>were <00:33:02.360>also <00:33:02.639>hoping <00:33:02.880>to <00:33:03.000>move <00:33:03.200>to <00:33:03.360>the 00:33:03.509 --> 00:33:03.519 align:start position:0% do we were also hoping to move to the 00:33:03.519 --> 00:33:07.190 align:start position:0% do we were also hoping to move to the January<00:33:03.919>board <00:33:04.360>the <00:33:04.760>um <00:33:05.760>de <00:33:06.080>mine 00:33:07.190 --> 00:33:07.200 align:start position:0% January board the um de mine 00:33:07.200 --> 00:33:09.710 align:start position:0% January board the um de mine 26<00:33:08.200>slope <00:33:08.600>area <00:33:09.000>that <00:33:09.120>we <00:33:09.200>had <00:33:09.480>received <00:33:09.639>a 00:33:09.710 --> 00:33:09.720 align:start position:0% 26 slope area that we had received a 00:33:09.720 --> 00:33:12.669 align:start position:0% 26 slope area that we had received a letter<00:33:10.120>on <00:33:11.120>uh <00:33:11.279>we <00:33:11.480>have <00:33:11.720>that <00:33:12.200>clearly 00:33:12.669 --> 00:33:12.679 align:start position:0% letter on uh we have that clearly 00:33:12.679 --> 00:33:14.389 align:start position:0% letter on uh we have that clearly completed<00:33:13.159>but <00:33:13.279>in <00:33:13.440>the <00:33:13.639>process <00:33:14.000>we <00:33:14.159>found 00:33:14.389 --> 00:33:14.399 align:start position:0% completed but in the process we found 00:33:14.399 --> 00:33:16.549 align:start position:0% completed but in the process we found the<00:33:14.559>five <00:33:14.799>favor <00:33:15.120>tracks <00:33:15.559>inside <00:33:15.919>that <00:33:16.080>unit 00:33:16.549 --> 00:33:16.559 align:start position:0% the five favor tracks inside that unit 00:33:16.559 --> 00:33:18.990 align:start position:0% the five favor tracks inside that unit that<00:33:16.679>we <00:33:16.799>just <00:33:16.919>finished <00:33:17.279>title <00:33:17.720>on <00:33:18.720>so <00:33:18.880>we 00:33:18.990 --> 00:33:19.000 align:start position:0% that we just finished title on so we 00:33:19.000 --> 00:33:20.870 align:start position:0% that we just finished title on so we were<00:33:19.200>hoping <00:33:19.519>to <00:33:19.679>have <00:33:19.880>that <00:33:20.120>submitted <00:33:20.639>for 00:33:20.870 --> 00:33:20.880 align:start position:0% were hoping to have that submitted for 00:33:20.880 --> 00:33:21.710 align:start position:0% were hoping to have that submitted for the 00:33:21.710 --> 00:33:21.720 align:start position:0% the 00:33:21.720 --> 00:33:23.789 align:start position:0% the January<00:33:22.720>what <00:33:22.880>day <00:33:23.080>do <00:33:23.159>we <00:33:23.320>need <00:33:23.440>to <00:33:23.600>have 00:33:23.789 --> 00:33:23.799 align:start position:0% January what day do we need to have 00:33:23.799 --> 00:33:25.950 align:start position:0% January what day do we need to have submission<00:33:24.440>by <00:33:24.919>for 00:33:25.950 --> 00:33:25.960 align:start position:0% submission by for 00:33:25.960 --> 00:33:33.830 align:start position:0% submission by for January 00:33:33.830 --> 00:33:33.840 align:start position:0% 00:33:33.840 --> 00:33:35.590 align:start position:0% you<00:33:33.960>know <00:33:34.120>what <00:33:34.399>day <00:33:34.679>the <00:33:35.000>meeting <00:33:35.240>is <00:33:35.399>in 00:33:35.590 --> 00:33:35.600 align:start position:0% you know what day the meeting is in 00:33:35.600 --> 00:33:44.990 align:start position:0% you know what day the meeting is in January<00:33:36.559>to <00:33:36.840>dat <00:33:37.240>January 00:33:44.990 --> 00:33:45.000 align:start position:0% 00:33:45.000 --> 00:33:48.350 align:start position:0% 16th<00:33:46.000>I'm <00:33:46.240>fine <00:33:46.440>working <00:33:47.000>with <00:33:48.000>okay <00:33:48.200>I'll 00:33:48.350 --> 00:33:48.360 align:start position:0% 16th I'm fine working with okay I'll 00:33:48.360 --> 00:33:50.389 align:start position:0% 16th I'm fine working with okay I'll leave<00:33:48.559>that <00:33:48.679>up <00:33:48.880>to <00:33:49.000>you <00:33:49.240>all <00:33:50.039>that's <00:33:50.200>going <00:33:50.279>to 00:33:50.389 --> 00:33:50.399 align:start position:0% leave that up to you all that's going to 00:33:50.399 --> 00:33:55.950 align:start position:0% leave that up to you all that's going to be<00:33:50.559>it 00:33:55.950 --> 00:33:55.960 align:start position:0% 00:33:55.960 --> 00:33:58.710 align:start position:0% tricky 00:33:58.710 --> 00:33:58.720 align:start position:0% tricky 00:33:58.720 --> 00:33:59.710 align:start position:0% tricky I<00:33:58.799>would <00:33:58.960>still <00:33:59.120>like <00:33:59.279>to <00:33:59.399>have <00:33:59.480>it <00:33:59.600>in 00:33:59.710 --> 00:33:59.720 align:start position:0% I would still like to have it in 00:33:59.720 --> 00:34:01.110 align:start position:0% I would still like to have it in December<00:34:00.080>if 00:34:01.110 --> 00:34:01.120 align:start position:0% December if 00:34:01.120 --> 00:34:02.669 align:start position:0% December if possible 00:34:02.669 --> 00:34:02.679 align:start position:0% possible 00:34:02.679 --> 00:34:10.230 align:start position:0% possible okay<00:34:03.679>we <00:34:03.840>move <00:34:04.039>it <00:34:04.240>back <00:34:04.440>to <00:34:04.760>the 00:34:10.230 --> 00:34:10.240 align:start position:0% 00:34:10.240 --> 00:34:14.869 align:start position:0% O<00:34:11.240>all <00:34:11.480>right <00:34:12.480>anything <00:34:13.280>father <00:34:14.280>and <00:34:14.599>the <00:34:14.760>the 00:34:14.869 --> 00:34:14.879 align:start position:0% O all right anything father and the the 00:34:14.879 --> 00:34:17.829 align:start position:0% O all right anything father and the the day<00:34:15.079>for <00:34:15.320>submission <00:34:15.679>for <00:34:15.879>January 00:34:17.829 --> 00:34:17.839 align:start position:0% day for submission for January 00:34:17.839 --> 00:34:21.790 align:start position:0% day for submission for January 22nd<00:34:18.839>22nd <00:34:19.720>of <00:34:19.919>December <00:34:20.560>it's <00:34:20.760>December <00:34:21.280>15th 00:34:21.790 --> 00:34:21.800 align:start position:0% 22nd 22nd of December it's December 15th 00:34:21.800 --> 00:34:25.869 align:start position:0% 22nd 22nd of December it's December 15th I<00:34:21.919>told <00:34:22.159>you <00:34:22.320>wrong 00:34:25.869 --> 00:34:25.879 align:start position:0% 00:34:25.879 --> 00:34:39.190 align:start position:0% okay 00:34:39.190 --> 00:34:39.200 align:start position:0% 00:34:39.200 --> 00:34:41.629 align:start position:0% I<00:34:39.320>need <00:34:39.639>to 00:34:41.629 --> 00:34:41.639 align:start position:0% I need to 00:34:41.639 --> 00:34:45.790 align:start position:0% I need to uh<00:34:42.639>ask <00:34:42.960>the <00:34:43.079>board <00:34:44.079>before <00:34:44.280>we <00:34:44.440>do <00:34:44.720>this <00:34:45.599>we 00:34:45.790 --> 00:34:45.800 align:start position:0% uh ask the board before we do this we 00:34:45.800 --> 00:34:48.669 align:start position:0% uh ask the board before we do this we move<00:34:46.040>it <00:34:46.200>from <00:34:46.359>the <00:34:46.480>19th <00:34:47.040>to <00:34:47.240>the 00:34:48.669 --> 00:34:48.679 align:start position:0% move it from the 19th to the 00:34:48.679 --> 00:34:51.109 align:start position:0% move it from the 19th to the 12th<00:34:49.679>do <00:34:49.919>any <00:34:50.119>of <00:34:50.200>the <00:34:50.320>board <00:34:50.520>members <00:34:50.839>have 00:34:51.109 --> 00:34:51.119 align:start position:0% 12th do any of the board members have 00:34:51.119 --> 00:34:55.869 align:start position:0% 12th do any of the board members have conflict<00:34:51.599>that <00:34:51.760>you <00:34:51.919>can't <00:34:52.159>be <00:34:52.399>here <00:34:52.839>on <00:34:53.040>the 00:34:55.869 --> 00:34:55.879 align:start position:0% 00:34:55.879 --> 00:35:00.430 align:start position:0% 12<00:34:57.359>i' <00:34:57.560>have <00:34:57.680>to <00:34:57.839>call <00:34:58.160>in 00:35:00.430 --> 00:35:00.440 align:start position:0% 12 i' have to call in 00:35:00.440 --> 00:35:02.670 align:start position:0% 12 i' have to call in probably<00:35:01.440>Mr 00:35:02.670 --> 00:35:02.680 align:start position:0% probably Mr 00:35:02.680 --> 00:35:06.109 align:start position:0% probably Mr Pon<00:35:03.680>I <00:35:03.800>have <00:35:04.040>no 00:35:06.109 --> 00:35:06.119 align:start position:0% Pon I have no 00:35:06.119 --> 00:35:08.109 align:start position:0% Pon I have no problems<00:35:07.119>Mr 00:35:08.109 --> 00:35:08.119 align:start position:0% problems Mr 00:35:08.119 --> 00:35:12.430 align:start position:0% problems Mr cochr<00:35:09.119>I'm <00:35:09.359>supposed <00:35:09.760>to <00:35:09.960>be <00:35:10.839>um <00:35:11.359>in <00:35:11.599>meetings 00:35:12.430 --> 00:35:12.440 align:start position:0% cochr I'm supposed to be um in meetings 00:35:12.440 --> 00:35:15.310 align:start position:0% cochr I'm supposed to be um in meetings on<00:35:12.640>the <00:35:12.880>12th <00:35:13.800>um <00:35:14.119>I <00:35:14.200>don't <00:35:14.400>know <00:35:14.680>with <00:35:15.079>I <00:35:15.160>mean 00:35:15.310 --> 00:35:15.320 align:start position:0% on the 12th um I don't know with I mean 00:35:15.320 --> 00:35:17.390 align:start position:0% on the 12th um I don't know with I mean it'<00:35:15.560>be <00:35:15.680>a <00:35:15.839>discussion <00:35:16.280>with 00:35:17.390 --> 00:35:17.400 align:start position:0% it' be a discussion with 00:35:17.400 --> 00:35:20.030 align:start position:0% it' be a discussion with Phil<00:35:18.400>um <00:35:18.760>of <00:35:18.880>course <00:35:19.119>now <00:35:19.240>if <00:35:19.359>I <00:35:19.480>could <00:35:19.640>remote 00:35:20.030 --> 00:35:20.040 align:start position:0% Phil um of course now if I could remote 00:35:20.040 --> 00:35:22.150 align:start position:0% Phil um of course now if I could remote in<00:35:20.240>I <00:35:20.359>could <00:35:20.520>probably <00:35:20.760>do <00:35:20.960>it <00:35:21.079>but <00:35:21.800>I <00:35:21.920>had <00:35:22.040>to 00:35:22.150 --> 00:35:22.160 align:start position:0% in I could probably do it but I had to 00:35:22.160 --> 00:35:23.589 align:start position:0% in I could probably do it but I had to be<00:35:22.280>in <00:35:22.440>person <00:35:22.760>I <00:35:22.839>may <00:35:23.000>have <00:35:23.119>to <00:35:23.200>work <00:35:23.400>some 00:35:23.589 --> 00:35:23.599 align:start position:0% be in person I may have to work some 00:35:23.599 --> 00:35:25.310 align:start position:0% be in person I may have to work some things 00:35:25.310 --> 00:35:25.320 align:start position:0% things 00:35:25.320 --> 00:35:28.589 align:start position:0% things around<00:35:26.320>St 00:35:28.589 --> 00:35:28.599 align:start position:0% around St 00:35:28.599 --> 00:35:33.069 align:start position:0% around St Char<00:35:29.599>you'll <00:35:29.760>be <00:35:29.920>gone <00:35:30.160>too <00:35:30.760>I'll <00:35:30.920>be <00:35:31.079>gone 00:35:33.069 --> 00:35:33.079 align:start position:0% Char you'll be gone too I'll be gone 00:35:33.079 --> 00:35:43.670 align:start position:0% Char you'll be gone too I'll be gone too<00:35:34.079>11 <00:35:34.480>12 <00:35:34.839>10 00:35:43.670 --> 00:35:43.680 align:start position:0% 00:35:43.680 --> 00:35:48.190 align:start position:0% 13<00:35:44.680>to <00:35:44.800>call <00:35:45.000>in <00:35:45.200>too <00:35:45.599>so <00:35:46.160>I <00:35:46.240>don't <00:35:46.480>know 00:35:48.190 --> 00:35:48.200 align:start position:0% 13 to call in too so I don't know 00:35:48.200 --> 00:35:51.470 align:start position:0% 13 to call in too so I don't know that<00:35:49.200>you <00:35:49.359>may <00:35:49.480>not <00:35:49.680>have <00:35:49.839>four <00:35:50.119>here <00:35:50.359>that <00:35:51.240>I 00:35:51.470 --> 00:35:51.480 align:start position:0% that you may not have four here that I 00:35:51.480 --> 00:35:55.230 align:start position:0% that you may not have four here that I I'll<00:35:51.640>be <00:35:51.839>available <00:35:52.200>on <00:35:52.520>12 <00:35:53.119>but <00:35:54.040>I'll <00:35:54.240>be <00:35:54.880>gone 00:35:55.230 --> 00:35:55.240 align:start position:0% I'll be available on 12 but I'll be gone 00:35:55.240 --> 00:36:02.630 align:start position:0% I'll be available on 12 but I'll be gone after<00:35:55.800>that 00:36:02.630 --> 00:36:02.640 align:start position:0% 00:36:02.640 --> 00:36:04.589 align:start position:0% I<00:36:02.800>have <00:36:02.880>a <00:36:03.040>motion <00:36:03.319>we <00:36:03.640>cancel <00:36:04.000>the <00:36:04.160>December 00:36:04.589 --> 00:36:04.599 align:start position:0% I have a motion we cancel the December 00:36:04.599 --> 00:36:06.150 align:start position:0% I have a motion we cancel the December meeting<00:36:04.960>and <00:36:05.119>move <00:36:05.480>everything <00:36:05.800>to <00:36:05.960>the 00:36:06.150 --> 00:36:06.160 align:start position:0% meeting and move everything to the 00:36:06.160 --> 00:36:10.270 align:start position:0% meeting and move everything to the January 00:36:10.270 --> 00:36:10.280 align:start position:0% 00:36:10.280 --> 00:36:15.190 align:start position:0% document<00:36:11.280>move <00:36:11.520>a 00:36:15.190 --> 00:36:15.200 align:start position:0% 00:36:15.200 --> 00:36:17.670 align:start position:0% motion<00:36:16.200>I'll <00:36:16.839>I <00:36:17.000>guess <00:36:17.119>I'll <00:36:17.319>make <00:36:17.520>that 00:36:17.670 --> 00:36:17.680 align:start position:0% motion I'll I guess I'll make that 00:36:17.680 --> 00:36:19.829 align:start position:0% motion I'll I guess I'll make that motion<00:36:18.079>since <00:36:18.440>we <00:36:19.119>I'm <00:36:19.240>not <00:36:19.359>sure <00:36:19.560>we're <00:36:19.680>going 00:36:19.829 --> 00:36:19.839 align:start position:0% motion since we I'm not sure we're going 00:36:19.839 --> 00:36:23.349 align:start position:0% motion since we I'm not sure we're going have<00:36:19.920>a <00:36:20.079>quum <00:36:21.240>yeah <00:36:22.240>it <00:36:22.359>doesn't <00:36:22.599>sound <00:36:22.960>like 00:36:23.349 --> 00:36:23.359 align:start position:0% have a quum yeah it doesn't sound like 00:36:23.359 --> 00:36:25.790 align:start position:0% have a quum yeah it doesn't sound like staff's<00:36:23.640>not <00:36:23.760>g <00:36:24.000>be <00:36:24.880>yep <00:36:25.119>I'll <00:36:25.240>move <00:36:25.480>that <00:36:25.640>we 00:36:25.790 --> 00:36:25.800 align:start position:0% staff's not g be yep I'll move that we 00:36:25.800 --> 00:36:29.430 align:start position:0% staff's not g be yep I'll move that we move<00:36:26.200>the <00:36:27.040>December <00:36:27.440>meeting <00:36:27.760>to <00:36:28.440>January 00:36:29.430 --> 00:36:29.440 align:start position:0% move the December meeting to January 00:36:29.440 --> 00:36:30.750 align:start position:0% move the December meeting to January okay<00:36:29.800>we <00:36:29.920>have 00:36:30.750 --> 00:36:30.760 align:start position:0% okay we have 00:36:30.760 --> 00:36:35.230 align:start position:0% okay we have second<00:36:31.839>second <00:36:32.839>Motion <00:36:33.079>in <00:36:33.760>second <00:36:34.760>M <00:36:34.960>Gilmer 00:36:35.230 --> 00:36:35.240 align:start position:0% second second Motion in second M Gilmer 00:36:35.240 --> 00:36:37.069 align:start position:0% second second Motion in second M Gilmer you<00:36:35.359>po 00:36:37.069 --> 00:36:37.079 align:start position:0% you po 00:36:37.079 --> 00:36:43.670 align:start position:0% you po board<00:36:38.079>Mr <00:36:39.079>yes <00:36:39.440>Mr <00:36:40.359>yes <00:36:40.920>Mr <00:36:41.920>yes <00:36:42.560>Mr 00:36:43.670 --> 00:36:43.680 align:start position:0% board Mr yes Mr yes Mr yes Mr 00:36:43.680 --> 00:36:49.190 align:start position:0% board Mr yes Mr yes Mr yes Mr Prather<00:36:44.680>yes <00:36:45.560>Mr <00:36:46.400>Cochran <00:36:47.560>yes <00:36:48.560>okay <00:36:49.000>thank 00:36:49.190 --> 00:36:49.200 align:start position:0% Prather yes Mr Cochran yes okay thank 00:36:49.200 --> 00:36:51.470 align:start position:0% Prather yes Mr Cochran yes okay thank you<00:36:49.880>sorry <00:36:50.319>guys <00:36:50.560>we <00:36:50.760>thought <00:36:50.920>we <00:36:51.040>moved <00:36:51.319>it 00:36:51.470 --> 00:36:51.480 align:start position:0% you sorry guys we thought we moved it 00:36:51.480 --> 00:36:54.829 align:start position:0% you sorry guys we thought we moved it back<00:36:51.720>we <00:36:51.839>were <00:36:52.160>okay <00:36:52.839>but <00:36:53.839>we <00:36:53.960>don't <00:36:54.160>have <00:36:54.280>a 00:36:54.829 --> 00:36:54.839 align:start position:0% back we were okay but we don't have a 00:36:54.839 --> 00:36:57.230 align:start position:0% back we were okay but we don't have a quorum<00:36:55.839>we <00:36:55.960>don't <00:36:56.119>have <00:36:56.240>AUM 00:36:57.230 --> 00:36:57.240 align:start position:0% quorum we don't have AUM 00:36:57.240 --> 00:36:59.150 align:start position:0% quorum we don't have AUM I<00:36:57.359>hope <00:36:57.480>all <00:36:57.599>of <00:36:57.680>you <00:36:57.760>have <00:36:57.839>a <00:36:57.960>good <00:36:58.160>chral 00:36:59.150 --> 00:36:59.160 align:start position:0% I hope all of you have a good chral 00:36:59.160 --> 00:37:01.470 align:start position:0% I hope all of you have a good chral thank<00:36:59.280>you <00:36:59.640>yeah <00:37:00.040>thank <00:37:00.200>you <00:37:00.760>thank <00:37:00.920>you <00:37:01.319>so 00:37:01.470 --> 00:37:01.480 align:start position:0% thank you yeah thank you thank you so 00:37:01.480 --> 00:37:02.390 align:start position:0% thank you yeah thank you thank you so are 00:37:02.390 --> 00:37:02.400 align:start position:0% are 00:37:02.400 --> 00:37:05.950 align:start position:0% are we<00:37:03.400>then <00:37:03.599>for <00:37:03.839>January <00:37:04.280>16th <00:37:04.920>is 00:37:05.950 --> 00:37:05.960 align:start position:0% we then for January 16th is 00:37:05.960 --> 00:37:10.550 align:start position:0% we then for January 16th is that<00:37:06.960>the <00:37:07.119>normal <00:37:07.520>day <00:37:08.280>yes <00:37:08.839>okay <00:37:09.400>thank <00:37:10.400>thank 00:37:10.550 --> 00:37:10.560 align:start position:0% that the normal day yes okay thank thank 00:37:10.560 --> 00:37:15.390 align:start position:0% that the normal day yes okay thank thank you<00:37:10.800>all <00:37:11.280>thank <00:37:11.520>you <00:37:12.000>thank 00:37:15.390 --> 00:37:15.400 align:start position:0% 00:37:15.400 --> 00:37:18.589 align:start position:0% you<00:37:16.400>Mr <00:37:16.720>schars <00:37:17.160>a <00:37:17.359>petition <00:37:17.720>for <00:37:17.920>Pocahontas 00:37:18.589 --> 00:37:18.599 align:start position:0% you Mr schars a petition for Pocahontas 00:37:18.599 --> 00:37:21.270 align:start position:0% you Mr schars a petition for Pocahontas gas<00:37:18.880>LLC <00:37:19.480>for <00:37:19.720>dispersement <00:37:20.280>of <00:37:20.440>escrow <00:37:20.880>funds 00:37:21.270 --> 00:37:21.280 align:start position:0% gas LLC for dispersement of escrow funds 00:37:21.280 --> 00:37:23.990 align:start position:0% gas LLC for dispersement of escrow funds here<00:37:21.560>to <00:37:21.880>deposit <00:37:22.839>in <00:37:23.000>the <00:37:23.119>board's <00:37:23.480>escrow 00:37:23.990 --> 00:37:24.000 align:start position:0% here to deposit in the board's escrow 00:37:24.000 --> 00:37:27.790 align:start position:0% here to deposit in the board's escrow agent<00:37:24.400>ATT <00:37:24.520>tributal <00:37:24.960>ATT <00:37:25.119>tracks <00:37:25.599>35 <00:37:26.680>6 <00:37:26.920>68 00:37:27.790 --> 00:37:27.800 align:start position:0% agent ATT tributal ATT tracks 35 6 68 00:37:27.800 --> 00:37:28.870 align:start position:0% agent ATT tributal ATT tracks 35 6 68 and 00:37:28.870 --> 00:37:28.880 align:start position:0% and 00:37:28.880 --> 00:37:33.990 align:start position:0% and 7<00:37:29.880>this <00:37:30.079>is <00:37:30.760>uh <00:37:31.640>docket <00:37:32.040>number <00:37:32.280>VG 00:37:33.990 --> 00:37:34.000 align:start position:0% 7 this is uh docket number VG 00:37:34.000 --> 00:37:37.510 align:start position:0% 7 this is uh docket number VG 95-102<00:37:35.000>4- 00:37:37.510 --> 00:37:37.520 align:start position:0% 95-102 4- 00:37:37.520 --> 00:37:40.630 align:start position:0% 95-102 4- 0526<00:37:38.520>I <00:37:38.680>ask <00:37:38.880>all <00:37:39.119>parties <00:37:39.599>interested <00:37:40.119>to 00:37:40.630 --> 00:37:40.640 align:start position:0% 0526 I ask all parties interested to 00:37:40.640 --> 00:37:43.630 align:start position:0% 0526 I ask all parties interested to please<00:37:40.960>come <00:37:41.200>forward <00:37:41.680>we <00:37:41.800>have <00:37:41.960>another <00:37:42.760>unit 00:37:43.630 --> 00:37:43.640 align:start position:0% please come forward we have another unit 00:37:43.640 --> 00:37:46.550 align:start position:0% please come forward we have another unit docket<00:37:44.040>number <00:37:44.680>two <00:37:45.680>uh <00:37:45.880>let <00:37:46.040>me <00:37:46.160>read <00:37:46.440>that 00:37:46.550 --> 00:37:46.560 align:start position:0% docket number two uh let me read that 00:37:46.560 --> 00:37:52.829 align:start position:0% docket number two uh let me read that into<00:37:46.760>the <00:37:46.880>record <00:37:47.160>it's <00:37:47.319>BG <00:37:47.960>92- <00:37:49.319>0721 <00:37:50.680>d02 00:37:52.829 --> 00:37:52.839 align:start position:0% into the record it's BG 92- 0721 d02 00:37:52.839 --> 00:37:55.589 align:start position:0% into the record it's BG 92- 0721 d02 34-02<00:37:53.839>all <00:37:54.079>parties <00:37:54.440>interested <00:37:54.960>please <00:37:55.240>step 00:37:55.589 --> 00:37:55.599 align:start position:0% 34-02 all parties interested please step 00:37:55.599 --> 00:37:58.510 align:start position:0% 34-02 all parties interested please step forward<00:37:56.960>Mark <00:37:57.280>Schwarz <00:37:57.680>and <00:37:57.839>Kelly <00:37:58.160>Barry 00:37:58.510 --> 00:37:58.520 align:start position:0% forward Mark Schwarz and Kelly Barry 00:37:58.520 --> 00:37:59.670 align:start position:0% forward Mark Schwarz and Kelly Barry good 00:37:59.670 --> 00:37:59.680 align:start position:0% good 00:37:59.680 --> 00:38:03.190 align:start position:0% good morning<00:38:00.680>good <00:38:00.839>morning <00:38:01.440>you <00:38:01.599>make <00:38:02.280>you <00:38:03.079>we 00:38:03.190 --> 00:38:03.200 align:start position:0% morning good morning you make you we 00:38:03.200 --> 00:38:07.670 align:start position:0% morning good morning you make you we need<00:38:03.359>to <00:38:03.480>swear <00:38:03.880>Kelly <00:38:04.680>in <00:38:06.079>yes <00:38:07.079>you <00:38:07.200>squar 00:38:07.670 --> 00:38:07.680 align:start position:0% need to swear Kelly in yes you squar 00:38:07.680 --> 00:38:09.870 align:start position:0% need to swear Kelly in yes you squar affirm<00:38:08.040>that <00:38:08.160>your <00:38:08.400>testimony <00:38:09.040>is <00:38:09.200>the <00:38:09.400>truth 00:38:09.870 --> 00:38:09.880 align:start position:0% affirm that your testimony is the truth 00:38:09.880 --> 00:38:12.470 align:start position:0% affirm that your testimony is the truth the<00:38:10.000>whole <00:38:10.280>truth <00:38:10.680>and <00:38:10.920>nothing <00:38:11.319>but <00:38:11.520>the 00:38:12.470 --> 00:38:12.480 align:start position:0% the whole truth and nothing but the 00:38:12.480 --> 00:38:15.430 align:start position:0% the whole truth and nothing but the truth<00:38:13.480>I 00:38:15.430 --> 00:38:15.440 align:start position:0% truth I 00:38:15.440 --> 00:38:19.270 align:start position:0% truth I do<00:38:16.440>you <00:38:16.680>right <00:38:16.960>proce <00:38:17.359>Mr <00:38:17.560>Schwarz <00:38:18.520>thank <00:38:18.720>you 00:38:19.270 --> 00:38:19.280 align:start position:0% do you right proce Mr Schwarz thank you 00:38:19.280 --> 00:38:20.750 align:start position:0% do you right proce Mr Schwarz thank you uh<00:38:19.440>Kelly <00:38:19.720>could <00:38:19.839>you <00:38:19.960>state <00:38:20.160>your <00:38:20.280>name <00:38:20.560>for 00:38:20.750 --> 00:38:20.760 align:start position:0% uh Kelly could you state your name for 00:38:20.760 --> 00:38:21.750 align:start position:0% uh Kelly could you state your name for us 00:38:21.750 --> 00:38:21.760 align:start position:0% us 00:38:21.760 --> 00:38:25.510 align:start position:0% us please<00:38:22.760>Kelly <00:38:23.160>Barry <00:38:24.160>uh <00:38:24.280>who <00:38:24.400>do <00:38:24.520>you <00:38:24.640>work 00:38:25.510 --> 00:38:25.520 align:start position:0% please Kelly Barry uh who do you work 00:38:25.520 --> 00:38:29.630 align:start position:0% please Kelly Barry uh who do you work for<00:38:26.640>Pocahontas <00:38:27.319>gas <00:38:27.920>LLC <00:38:28.920>and <00:38:29.119>are <00:38:29.280>you 00:38:29.630 --> 00:38:29.640 align:start position:0% for Pocahontas gas LLC and are you 00:38:29.640 --> 00:38:32.390 align:start position:0% for Pocahontas gas LLC and are you present<00:38:30.119>this <00:38:30.359>morning <00:38:31.359>uh <00:38:31.599>on <00:38:31.839>behalf <00:38:32.200>of 00:38:32.390 --> 00:38:32.400 align:start position:0% present this morning uh on behalf of 00:38:32.400 --> 00:38:34.990 align:start position:0% present this morning uh on behalf of Pocahontas<00:38:33.160>gas <00:38:33.599>with <00:38:33.839>regard <00:38:34.280>to <00:38:34.720>a 00:38:34.990 --> 00:38:35.000 align:start position:0% Pocahontas gas with regard to a 00:38:35.000 --> 00:38:37.950 align:start position:0% Pocahontas gas with regard to a dispersement<00:38:36.000>petition <00:38:37.000>uh <00:38:37.200>pertaining <00:38:37.760>to 00:38:37.950 --> 00:38:37.960 align:start position:0% dispersement petition uh pertaining to 00:38:37.960 --> 00:38:39.950 align:start position:0% dispersement petition uh pertaining to unit 00:38:39.950 --> 00:38:39.960 align:start position:0% unit 00:38:39.960 --> 00:38:43.470 align:start position:0% unit y20<00:38:40.960>yes <00:38:41.920>and <00:38:42.119>what <00:38:42.319>tracks <00:38:42.800>are <00:38:42.960>we <00:38:43.160>talking 00:38:43.470 --> 00:38:43.480 align:start position:0% y20 yes and what tracks are we talking 00:38:43.480 --> 00:38:46.349 align:start position:0% y20 yes and what tracks are we talking about<00:38:43.680>in <00:38:43.800>terms <00:38:44.040>of <00:38:44.240>this 00:38:46.349 --> 00:38:46.359 align:start position:0% about in terms of this 00:38:46.359 --> 00:38:48.670 align:start position:0% about in terms of this dispersement<00:38:47.359>uh <00:38:47.560>we <00:38:47.680>are <00:38:47.920>requesting <00:38:48.400>to 00:38:48.670 --> 00:38:48.680 align:start position:0% dispersement uh we are requesting to 00:38:48.680 --> 00:38:54.430 align:start position:0% dispersement uh we are requesting to disperse<00:38:49.359>tracks <00:38:50.319>three <00:38:51.319>five <00:38:52.240>six <00:38:53.079>6A <00:38:53.880>and 00:38:54.430 --> 00:38:54.440 align:start position:0% disperse tracks three five six 6A and 00:38:54.440 --> 00:38:57.109 align:start position:0% disperse tracks three five six 6A and seven<00:38:55.440>okay <00:38:56.240>and 00:38:57.109 --> 00:38:57.119 align:start position:0% seven okay and 00:38:57.119 --> 00:39:00.430 align:start position:0% seven okay and uh<00:38:58.240>the <00:38:59.240>what <00:38:59.400>did <00:38:59.640>what <00:38:59.720>did <00:38:59.880>you <00:39:00.000>do <00:39:00.200>to 00:39:00.430 --> 00:39:00.440 align:start position:0% uh the what did what did you do to 00:39:00.440 --> 00:39:03.190 align:start position:0% uh the what did what did you do to notify<00:39:01.119>people <00:39:02.079>uh <00:39:02.200>who <00:39:02.359>might <00:39:02.560>be <00:39:02.760>interested 00:39:03.190 --> 00:39:03.200 align:start position:0% notify people uh who might be interested 00:39:03.200 --> 00:39:05.150 align:start position:0% notify people uh who might be interested in<00:39:03.400>this <00:39:03.720>dispersement <00:39:04.720>uh <00:39:04.839>that <00:39:04.960>we <00:39:05.040>were 00:39:05.150 --> 00:39:05.160 align:start position:0% in this dispersement uh that we were 00:39:05.160 --> 00:39:06.990 align:start position:0% in this dispersement uh that we were going<00:39:05.240>to <00:39:05.359>have <00:39:05.440>a <00:39:05.560>hearing 00:39:06.990 --> 00:39:07.000 align:start position:0% going to have a hearing 00:39:07.000 --> 00:39:09.990 align:start position:0% going to have a hearing today<00:39:08.000>uh <00:39:08.119>we <00:39:08.280>mailed <00:39:08.839>a <00:39:09.119>copy <00:39:09.560>of <00:39:09.760>the 00:39:09.990 --> 00:39:10.000 align:start position:0% today uh we mailed a copy of the 00:39:10.000 --> 00:39:12.270 align:start position:0% today uh we mailed a copy of the petition<00:39:10.760>by <00:39:10.960>registered <00:39:11.480>return 00:39:12.270 --> 00:39:12.280 align:start position:0% petition by registered mail return 00:39:12.280 --> 00:39:13.750 align:start position:0% petition by registered mail return receip 00:39:13.750 --> 00:39:13.760 align:start position:0% receip 00:39:13.760 --> 00:39:19.790 align:start position:0% receip requested<00:39:14.760>and <00:39:15.000>and <00:39:15.119>when <00:39:15.280>did <00:39:15.440>you <00:39:15.599>do 00:39:19.790 --> 00:39:19.800 align:start position:0% 00:39:19.800 --> 00:39:21.430 align:start position:0% that 00:39:21.430 --> 00:39:21.440 align:start position:0% that 00:39:21.440 --> 00:39:25.910 align:start position:0% that um<00:39:22.440>good <00:39:23.119>question <00:39:24.119>I'm <00:39:24.480>sorry <00:39:25.480>I <00:39:25.599>believe <00:39:25.800>we 00:39:25.910 --> 00:39:25.920 align:start position:0% um good question I'm sorry I believe we 00:39:25.920 --> 00:39:27.069 align:start position:0% um good question I'm sorry I believe we did<00:39:26.040>it <00:39:26.119>on 00:39:27.069 --> 00:39:27.079 align:start position:0% did it on 00:39:27.079 --> 00:39:28.670 align:start position:0% did it on October 00:39:28.670 --> 00:39:28.680 align:start position:0% October 00:39:28.680 --> 00:39:34.710 align:start position:0% October um<00:39:30.119>26 <00:39:31.119>okay <00:39:32.000>and <00:39:32.720>uh <00:39:33.359>did <00:39:33.599>we <00:39:33.839>have <00:39:34.200>an <00:39:34.480>an 00:39:34.710 --> 00:39:34.720 align:start position:0% um 26 okay and uh did we have an an 00:39:34.720 --> 00:39:36.390 align:start position:0% um 26 okay and uh did we have an an updated<00:39:35.440>address <00:39:35.960>that <00:39:36.079>you <00:39:36.240>have 00:39:36.390 --> 00:39:36.400 align:start position:0% updated address that you have 00:39:36.400 --> 00:39:38.950 align:start position:0% updated address that you have subsequently<00:39:37.040>filed <00:39:37.440>with <00:39:37.599>the 00:39:38.950 --> 00:39:38.960 align:start position:0% subsequently filed with the 00:39:38.960 --> 00:39:42.990 align:start position:0% subsequently filed with the board<00:39:39.960>yes <00:39:40.480>we <00:39:41.040>received <00:39:41.680>um <00:39:42.000>correspondant 00:39:42.990 --> 00:39:43.000 align:start position:0% board yes we received um correspondant 00:39:43.000 --> 00:39:45.309 align:start position:0% board yes we received um correspondant from<00:39:43.640>chios 00:39:45.309 --> 00:39:45.319 align:start position:0% from chios 00:39:45.319 --> 00:39:47.550 align:start position:0% from chios LTD<00:39:46.319>um <00:39:46.560>who 00:39:47.550 --> 00:39:47.560 align:start position:0% LTD um who 00:39:47.560 --> 00:39:51.109 align:start position:0% LTD um who is<00:39:48.560>a <00:39:48.800>party <00:39:49.280>being <00:39:49.800>requested <00:39:50.240>to <00:39:50.440>be <00:39:50.680>paid 00:39:51.109 --> 00:39:51.119 align:start position:0% is a party being requested to be paid 00:39:51.119 --> 00:39:55.190 align:start position:0% is a party being requested to be paid that<00:39:51.319>they <00:39:51.599>have <00:39:51.960>an <00:39:52.480>updated <00:39:53.839>address <00:39:54.839>um <00:39:55.040>and 00:39:55.190 --> 00:39:55.200 align:start position:0% that they have an updated address um and 00:39:55.200 --> 00:39:57.710 align:start position:0% that they have an updated address um and they<00:39:55.440>provided <00:39:55.920>us <00:39:56.480>with <00:39:56.640>the <00:39:56.880>documentation 00:39:57.710 --> 00:39:57.720 align:start position:0% they provided us with the documentation 00:39:57.720 --> 00:39:59.230 align:start position:0% they provided us with the documentation for<00:39:57.960>that <00:39:58.119>updated 00:39:59.230 --> 00:39:59.240 align:start position:0% for that updated 00:39:59.240 --> 00:40:03.309 align:start position:0% for that updated address<00:40:00.240>okay <00:40:00.680>and <00:40:01.119>chos <00:40:01.640>is <00:40:01.800>spelled <00:40:02.240>CH <00:40:02.599>h <00:40:03.000>i 00:40:03.309 --> 00:40:03.319 align:start position:0% address okay and chos is spelled CH h i 00:40:03.319 --> 00:40:07.470 align:start position:0% address okay and chos is spelled CH h i s<00:40:03.640>o <00:40:04.760>correct <00:40:05.760>that's <00:40:06.000>correct <00:40:07.000>and <00:40:07.160>have <00:40:07.280>you 00:40:07.470 --> 00:40:07.480 align:start position:0% s o correct that's correct and have you 00:40:07.480 --> 00:40:11.309 align:start position:0% s o correct that's correct and have you filed<00:40:08.280>uh <00:40:08.960>uh <00:40:09.480>a <00:40:09.839>an <00:40:10.040>updated <00:40:10.560>exhibit <00:40:11.000>double 00:40:11.309 --> 00:40:11.319 align:start position:0% filed uh uh a an updated exhibit double 00:40:11.319 --> 00:40:13.990 align:start position:0% filed uh uh a an updated exhibit double e<00:40:11.800>and <00:40:12.240>and <00:40:12.520>updated <00:40:12.960>your <00:40:13.160>table <00:40:13.520>one <00:40:13.800>to 00:40:13.990 --> 00:40:14.000 align:start position:0% e and and updated your table one to 00:40:14.000 --> 00:40:15.750 align:start position:0% e and and updated your table one to reflect<00:40:14.440>that 00:40:15.750 --> 00:40:15.760 align:start position:0% reflect that 00:40:15.760 --> 00:40:19.870 align:start position:0% reflect that address<00:40:16.760>we <00:40:16.880>will <00:40:17.240>ask <00:40:17.599>for <00:40:17.839>Miss <00:40:18.079>Gilmer <00:40:18.880>to 00:40:19.870 --> 00:40:19.880 align:start position:0% address we will ask for Miss Gilmer to 00:40:19.880 --> 00:40:22.150 align:start position:0% address we will ask for Miss Gilmer to um<00:40:20.119>set <00:40:20.480>the <00:40:20.640>petition <00:40:21.119>back <00:40:21.319>to <00:40:21.599>us <00:40:21.839>to <00:40:22.000>be 00:40:22.150 --> 00:40:22.160 align:start position:0% um set the petition back to us to be 00:40:22.160 --> 00:40:24.390 align:start position:0% um set the petition back to us to be able<00:40:22.359>to <00:40:22.560>upload <00:40:22.960>those <00:40:23.200>documents <00:40:24.040>uh <00:40:24.200>after 00:40:24.390 --> 00:40:24.400 align:start position:0% able to upload those documents uh after 00:40:24.400 --> 00:40:26.750 align:start position:0% able to upload those documents uh after the<00:40:24.520>hearing <00:40:24.800>is <00:40:24.960>over <00:40:25.920>Okay <00:40:26.119>so <00:40:26.520>so <00:40:26.640>you're 00:40:26.750 --> 00:40:26.760 align:start position:0% the hearing is over Okay so so you're 00:40:26.760 --> 00:40:28.349 align:start position:0% the hearing is over Okay so so you're going<00:40:26.839>to <00:40:27.000>you're <00:40:27.119>going <00:40:27.200>to <00:40:27.359>fix <00:40:27.720>those 00:40:28.349 --> 00:40:28.359 align:start position:0% going to you're going to fix those 00:40:28.359 --> 00:40:30.630 align:start position:0% going to you're going to fix those addresses<00:40:29.359>uh <00:40:29.440>so <00:40:29.640>the <00:40:29.800>table <00:40:30.119>one <00:40:30.359>is 00:40:30.630 --> 00:40:30.640 align:start position:0% addresses uh so the table one is 00:40:30.640 --> 00:40:33.230 align:start position:0% addresses uh so the table one is accurate<00:40:31.280>and <00:40:31.560>and <00:40:31.960>and <00:40:32.200>exhibit <00:40:32.599>dou <00:40:33.040>is 00:40:33.230 --> 00:40:33.240 align:start position:0% accurate and and and exhibit dou is 00:40:33.240 --> 00:40:34.750 align:start position:0% accurate and and and exhibit dou is accurate<00:40:33.599>once <00:40:33.760>we <00:40:33.920>have <00:40:34.040>the 00:40:34.750 --> 00:40:34.760 align:start position:0% accurate once we have the 00:40:34.760 --> 00:40:39.589 align:start position:0% accurate once we have the hearing<00:40:35.760>yes <00:40:36.680>okay <00:40:37.319>and <00:40:37.480>at <00:40:37.760>page <00:40:38.119>two <00:40:38.720>of <00:40:39.000>the 00:40:39.589 --> 00:40:39.599 align:start position:0% hearing yes okay and at page two of the 00:40:39.599 --> 00:40:42.670 align:start position:0% hearing yes okay and at page two of the the<00:40:39.839>that <00:40:40.839>that <00:40:41.000>the <00:40:41.119>board <00:40:41.400>members <00:40:41.920>have 00:40:42.670 --> 00:40:42.680 align:start position:0% the PDF that that the board members have 00:40:42.680 --> 00:40:45.750 align:start position:0% the PDF that that the board members have uh<00:40:42.839>there's <00:40:43.079>a <00:40:43.760>section <00:40:44.599>it's <00:40:44.960>it's <00:40:45.319>actually 00:40:45.750 --> 00:40:45.760 align:start position:0% uh there's a section it's it's actually 00:40:45.760 --> 00:40:47.950 align:start position:0% uh there's a section it's it's actually section<00:40:46.240>five <00:40:46.680>which <00:40:46.800>is <00:40:46.920>at <00:40:47.079>the <00:40:47.359>bottom <00:40:47.680>of 00:40:47.950 --> 00:40:47.960 align:start position:0% section five which is at the bottom of 00:40:47.960 --> 00:40:50.470 align:start position:0% section five which is at the bottom of page<00:40:48.240>one <00:40:48.760>a <00:40:49.000>factual <00:40:49.359>basis <00:40:49.720>for <00:40:49.880>the <00:40:50.000>relief 00:40:50.470 --> 00:40:50.480 align:start position:0% page one a factual basis for the relief 00:40:50.480 --> 00:40:52.230 align:start position:0% page one a factual basis for the relief requested<00:40:51.119>I <00:40:51.200>thought <00:40:51.319>we <00:40:51.520>just <00:40:51.680>review <00:40:52.079>that 00:40:52.230 --> 00:40:52.240 align:start position:0% requested I thought we just review that 00:40:52.240 --> 00:40:57.030 align:start position:0% requested I thought we just review that for<00:40:52.400>a <00:40:52.760>moment <00:40:53.760>um <00:40:54.760>with <00:40:55.000>regard <00:40:55.319>to <00:40:55.960>uh <00:40:56.520>track 00:40:57.030 --> 00:40:57.040 align:start position:0% for a moment um with regard to uh track 00:40:57.040 --> 00:41:00.910 align:start position:0% for a moment um with regard to uh track three<00:40:58.040>Pok <00:40:58.240>onest <00:40:58.640>gas <00:40:59.040>is <00:40:59.280>is <00:40:59.400>a <00:40:59.560>gas <00:40:59.800>claimant 00:41:00.910 --> 00:41:00.920 align:start position:0% three Pok onest gas is is a gas claimant 00:41:00.920 --> 00:41:03.670 align:start position:0% three Pok onest gas is is a gas claimant correct<00:41:01.920>that's <00:41:02.160>correct <00:41:03.000>okay <00:41:03.240>and <00:41:03.440>with 00:41:03.670 --> 00:41:03.680 align:start position:0% correct that's correct okay and with 00:41:03.680 --> 00:41:08.069 align:start position:0% correct that's correct okay and with regard<00:41:04.440>to <00:41:05.440>uh <00:41:06.440>uh <00:41:06.720>the <00:41:06.960>company <00:41:07.319>chisos <00:41:07.920>that 00:41:08.069 --> 00:41:08.079 align:start position:0% regard to uh uh the company chisos that 00:41:08.079 --> 00:41:10.510 align:start position:0% regard to uh uh the company chisos that we've<00:41:08.280>talked <00:41:08.640>about <00:41:09.480>uh <00:41:09.640>there's <00:41:09.800>a <00:41:10.040>royalty 00:41:10.510 --> 00:41:10.520 align:start position:0% we've talked about uh there's a royalty 00:41:10.520 --> 00:41:13.230 align:start position:0% we've talked about uh there's a royalty split<00:41:10.920>agreement <00:41:11.480>pertaining <00:41:12.119>to <00:41:12.520>Poconos 00:41:13.230 --> 00:41:13.240 align:start position:0% split agreement pertaining to Poconos 00:41:13.240 --> 00:41:17.990 align:start position:0% split agreement pertaining to Poconos gas<00:41:13.760>and <00:41:14.520>chos <00:41:15.280>and <00:41:15.480>Rockport <00:41:16.240>oil <00:41:16.480>and <00:41:16.720>gas 00:41:17.990 --> 00:41:18.000 align:start position:0% gas and chos and Rockport oil and gas 00:41:18.000 --> 00:41:20.950 align:start position:0% gas and chos and Rockport oil and gas LLC<00:41:19.000>that <00:41:19.119>is <00:41:19.319>correct <00:41:20.200>okay <00:41:20.480>and <00:41:20.599>is <00:41:20.720>that <00:41:20.839>a 00:41:20.950 --> 00:41:20.960 align:start position:0% LLC that is correct okay and is that a 00:41:20.960 --> 00:41:22.670 align:start position:0% LLC that is correct okay and is that a 50-50 00:41:22.670 --> 00:41:22.680 align:start position:0% 50-50 00:41:22.680 --> 00:41:26.470 align:start position:0% 50-50 agreement<00:41:23.680>yes <00:41:23.839>it <00:41:24.480>is <00:41:25.480>and <00:41:25.599>then <00:41:25.800>with <00:41:25.920>regard 00:41:26.470 --> 00:41:26.480 align:start position:0% agreement yes it is and then with regard 00:41:26.480 --> 00:41:29.510 align:start position:0% agreement yes it is and then with regard to<00:41:26.640>the <00:41:27.119>uh <00:41:27.319>requirement <00:41:27.800>that <00:41:27.960>we <00:41:28.240>notify <00:41:29.240>uh 00:41:29.510 --> 00:41:29.520 align:start position:0% to the uh requirement that we notify uh 00:41:29.520 --> 00:41:32.190 align:start position:0% to the uh requirement that we notify uh coal<00:41:29.839>owners <00:41:30.319>or <00:41:30.680>or <00:41:31.079>conflicting <00:41:31.599>claimants 00:41:32.190 --> 00:41:32.200 align:start position:0% coal owners or or conflicting claimants 00:41:32.200 --> 00:41:33.990 align:start position:0% coal owners or or conflicting claimants which<00:41:32.359>in <00:41:32.520>this <00:41:32.680>case <00:41:32.839>would <00:41:33.000>be <00:41:33.160>coal <00:41:33.400>owners 00:41:33.990 --> 00:41:34.000 align:start position:0% which in this case would be coal owners 00:41:34.000 --> 00:41:36.030 align:start position:0% which in this case would be coal owners have<00:41:34.119>you <00:41:34.280>done 00:41:36.030 --> 00:41:36.040 align:start position:0% have you done 00:41:36.040 --> 00:41:40.950 align:start position:0% have you done that<00:41:37.040>yes <00:41:38.000>okay <00:41:38.599>and <00:41:39.240>uh <00:41:39.440>and <00:41:39.560>did <00:41:39.800>any <00:41:40.000>of <00:41:40.200>them 00:41:40.950 --> 00:41:40.960 align:start position:0% that yes okay and uh and did any of them 00:41:40.960 --> 00:41:44.430 align:start position:0% that yes okay and uh and did any of them uh<00:41:41.200>respond <00:41:41.800>to <00:41:42.000>the <00:41:42.280>notice <00:41:42.680>and <00:41:43.079>provide <00:41:44.079>uh 00:41:44.430 --> 00:41:44.440 align:start position:0% uh respond to the notice and provide uh 00:41:44.440 --> 00:41:46.910 align:start position:0% uh respond to the notice and provide uh documentation<00:41:45.440>to <00:41:45.640>support <00:41:45.960>a 00:41:46.910 --> 00:41:46.920 align:start position:0% documentation to support a 00:41:46.920 --> 00:41:48.750 align:start position:0% documentation to support a claim 00:41:48.750 --> 00:41:48.760 align:start position:0% claim 00:41:48.760 --> 00:41:53.430 align:start position:0% claim no<00:41:49.760>and <00:41:49.880>then <00:41:50.319>lastly <00:41:51.319>um <00:41:51.880>uh <00:41:52.079>did <00:41:52.280>you <00:41:52.640>provide 00:41:53.430 --> 00:41:53.440 align:start position:0% no and then lastly um uh did you provide 00:41:53.440 --> 00:41:54.829 align:start position:0% no and then lastly um uh did you provide have<00:41:53.599>you <00:41:53.800>provided <00:41:54.319>within <00:41:54.599>your 00:41:54.829 --> 00:41:54.839 align:start position:0% have you provided within your 00:41:54.839 --> 00:41:56.710 align:start position:0% have you provided within your application<00:41:55.319>we'll <00:41:55.480>get <00:41:55.560>to <00:41:55.720>that <00:41:55.880>eventually 00:41:56.710 --> 00:41:56.720 align:start position:0% application we'll get to that eventually 00:41:56.720 --> 00:41:58.950 align:start position:0% application we'll get to that eventually and<00:41:56.960>a <00:41:57.079>detailed <00:41:57.599>accounting <00:41:58.119>with <00:41:58.280>regard <00:41:58.520>to 00:41:58.950 --> 00:41:58.960 align:start position:0% and a detailed accounting with regard to 00:41:58.960 --> 00:42:01.990 align:start position:0% and a detailed accounting with regard to payments<00:41:59.960>uh <00:42:00.119>with <00:42:00.280>regard <00:42:00.520>to <00:42:01.000>dispersements 00:42:01.990 --> 00:42:02.000 align:start position:0% payments uh with regard to dispersements 00:42:02.000 --> 00:42:05.069 align:start position:0% payments uh with regard to dispersements uh<00:42:02.440>and <00:42:02.760>and <00:42:03.079>a <00:42:03.319>balance <00:42:03.839>calculations <00:42:04.839>uh <00:42:04.960>to 00:42:05.069 --> 00:42:05.079 align:start position:0% uh and and a balance calculations uh to 00:42:05.079 --> 00:42:06.550 align:start position:0% uh and and a balance calculations uh to be<00:42:05.240>considered <00:42:05.640>by <00:42:05.760>the 00:42:06.550 --> 00:42:06.560 align:start position:0% be considered by the 00:42:06.560 --> 00:42:08.750 align:start position:0% be considered by the board 00:42:08.750 --> 00:42:08.760 align:start position:0% board 00:42:08.760 --> 00:42:11.710 align:start position:0% board yes<00:42:09.760>uh <00:42:10.200>and <00:42:10.319>then <00:42:10.560>in <00:42:10.880>in <00:42:11.000>the <00:42:11.160>event <00:42:11.480>that 00:42:11.710 --> 00:42:11.720 align:start position:0% yes uh and then in in the event that 00:42:11.720 --> 00:42:13.470 align:start position:0% yes uh and then in in the event that this<00:42:11.960>lastly <00:42:12.480>in <00:42:12.599>the <00:42:12.720>event <00:42:13.040>that <00:42:13.240>this 00:42:13.470 --> 00:42:13.480 align:start position:0% this lastly in the event that this 00:42:13.480 --> 00:42:15.470 align:start position:0% this lastly in the event that this application<00:42:14.040>for <00:42:14.319>dispersement <00:42:14.880>is <00:42:15.040>approved 00:42:15.470 --> 00:42:15.480 align:start position:0% application for dispersement is approved 00:42:15.480 --> 00:42:17.910 align:start position:0% application for dispersement is approved are<00:42:15.599>you <00:42:15.880>requesting <00:42:16.680>that <00:42:16.920>the <00:42:17.079>operator 00:42:17.910 --> 00:42:17.920 align:start position:0% are you requesting that the operator 00:42:17.920 --> 00:42:22.230 align:start position:0% are you requesting that the operator wellon<00:42:18.599>gas <00:42:19.440>be <00:42:19.680>allowed <00:42:20.040>to <00:42:20.400>pay <00:42:21.280>the <00:42:21.520>people 00:42:22.230 --> 00:42:22.240 align:start position:0% wellon gas be allowed to pay the people 00:42:22.240 --> 00:42:25.030 align:start position:0% wellon gas be allowed to pay the people uh<00:42:22.400>listed <00:42:22.960>in <00:42:23.559>all <00:42:23.920>the <00:42:24.040>people <00:42:24.319>listed <00:42:24.760>in 00:42:25.030 --> 00:42:25.040 align:start position:0% uh listed in all the people listed in 00:42:25.040 --> 00:42:27.510 align:start position:0% uh listed in all the people listed in exhibit<00:42:25.480>dou <00:42:25.800>e <00:42:26.440>uh <00:42:26.640>directly <00:42:27.160>rather <00:42:27.359>than 00:42:27.510 --> 00:42:27.520 align:start position:0% exhibit dou e uh directly rather than 00:42:27.520 --> 00:42:29.470 align:start position:0% exhibit dou e uh directly rather than escrowing<00:42:28.079>those 00:42:29.470 --> 00:42:29.480 align:start position:0% escrowing those 00:42:29.480 --> 00:42:32.349 align:start position:0% escrowing those funds<00:42:30.480>uh <00:42:30.680>no <00:42:31.160>just <00:42:31.400>because <00:42:31.800>this <00:42:31.960>is <00:42:32.119>an 00:42:32.349 --> 00:42:32.359 align:start position:0% funds uh no just because this is an 00:42:32.359 --> 00:42:34.910 align:start position:0% funds uh no just because this is an inactive<00:42:33.000>unit <00:42:33.440>and <00:42:33.599>the <00:42:33.800>royalty <00:42:34.480>for <00:42:34.720>this 00:42:34.910 --> 00:42:34.920 align:start position:0% inactive unit and the royalty for this 00:42:34.920 --> 00:42:37.710 align:start position:0% inactive unit and the royalty for this unit<00:42:35.280>is <00:42:35.480>currently <00:42:35.920>being <00:42:36.240>paid <00:42:36.559>under <00:42:36.960>vp8 00:42:37.710 --> 00:42:37.720 align:start position:0% unit is currently being paid under vp8 00:42:37.720 --> 00:42:40.870 align:start position:0% unit is currently being paid under vp8 sealed<00:42:38.160>Gob <00:42:38.440>unit <00:42:38.720>one <00:42:39.440>sorry <00:42:40.319>right <00:42:40.480>so <00:42:40.680>what 00:42:40.870 --> 00:42:40.880 align:start position:0% sealed Gob unit one sorry right so what 00:42:40.880 --> 00:42:42.190 align:start position:0% sealed Gob unit one sorry right so what happens<00:42:41.280>in <00:42:41.400>the <00:42:41.559>event <00:42:41.760>of <00:42:41.920>this 00:42:42.190 --> 00:42:42.200 align:start position:0% happens in the event of this 00:42:42.200 --> 00:42:44.309 align:start position:0% happens in the event of this dispersement<00:42:42.720>is <00:42:42.880>the <00:42:43.000>escro <00:42:43.440>account <00:42:43.599>gets 00:42:44.309 --> 00:42:44.319 align:start position:0% dispersement is the escro account gets 00:42:44.319 --> 00:42:47.430 align:start position:0% dispersement is the escro account gets closed<00:42:45.319>that's <00:42:45.680>correct <00:42:46.680>and <00:42:47.000>and <00:42:47.280>and 00:42:47.430 --> 00:42:47.440 align:start position:0% closed that's correct and and and 00:42:47.440 --> 00:42:51.309 align:start position:0% closed that's correct and and and further<00:42:48.319>production <00:42:49.319>uh <00:42:49.520>with <00:42:49.760>regard <00:42:50.200>to 00:42:51.309 --> 00:42:51.319 align:start position:0% further production uh with regard to 00:42:51.319 --> 00:42:53.910 align:start position:0% further production uh with regard to this<00:42:52.319>with <00:42:52.520>regard <00:42:52.800>to <00:42:52.960>the <00:42:53.079>people <00:42:53.400>in <00:42:53.640>this 00:42:53.910 --> 00:42:53.920 align:start position:0% this with regard to the people in this 00:42:53.920 --> 00:42:56.349 align:start position:0% this with regard to the people in this unit<00:42:54.800>uh <00:42:55.000>is <00:42:55.200>going <00:42:55.440>is <00:42:55.559>going <00:42:55.640>to <00:42:55.760>be <00:42:55.880>under <00:42:56.240>a 00:42:56.349 --> 00:42:56.359 align:start position:0% unit uh is going is going to be under a 00:42:56.359 --> 00:42:58.750 align:start position:0% unit uh is going is going to be under a sealed<00:42:56.640>go <00:42:56.920>order <00:42:57.280>that's <00:42:57.680>that's <00:42:58.160>uh <00:42:58.520>that's 00:42:58.750 --> 00:42:58.760 align:start position:0% sealed go order that's that's uh that's 00:42:58.760 --> 00:43:01.910 align:start position:0% sealed go order that's that's uh that's that's<00:42:59.000>already <00:42:59.400>paying <00:43:00.240>correct <00:43:01.240>yes <00:43:01.760>that's 00:43:01.910 --> 00:43:01.920 align:start position:0% that's already paying correct yes that's 00:43:01.920 --> 00:43:05.390 align:start position:0% that's already paying correct yes that's correct<00:43:02.359>okay <00:43:02.920>okay <00:43:03.920>uh <00:43:04.440>basically <00:43:04.880>this <00:43:05.200>this 00:43:05.390 --> 00:43:05.400 align:start position:0% correct okay okay uh basically this this 00:43:05.400 --> 00:43:07.349 align:start position:0% correct okay okay uh basically this this unit<00:43:05.720>as <00:43:05.880>a <00:43:06.000>production <00:43:06.400>unit <00:43:06.720>goes <00:43:07.000>away <00:43:07.240>and 00:43:07.349 --> 00:43:07.359 align:start position:0% unit as a production unit goes away and 00:43:07.359 --> 00:43:08.950 align:start position:0% unit as a production unit goes away and the<00:43:07.440>escro <00:43:07.920>account <00:43:08.200>goes <00:43:08.400>away <00:43:08.599>if <00:43:08.760>this 00:43:08.950 --> 00:43:08.960 align:start position:0% the escro account goes away if this 00:43:08.960 --> 00:43:10.470 align:start position:0% the escro account goes away if this petition<00:43:09.440>is 00:43:10.470 --> 00:43:10.480 align:start position:0% petition is 00:43:10.480 --> 00:43:14.230 align:start position:0% petition is approved<00:43:11.480>yes <00:43:12.440>okay <00:43:13.280>have <00:43:13.400>you <00:43:13.599>provided <00:43:14.000>a 00:43:14.230 --> 00:43:14.240 align:start position:0% approved yes okay have you provided a 00:43:14.240 --> 00:43:16.069 align:start position:0% approved yes okay have you provided a table 00:43:16.069 --> 00:43:16.079 align:start position:0% table 00:43:16.079 --> 00:43:19.750 align:start position:0% table one<00:43:17.079>yes <00:43:17.960>okay <00:43:18.280>and <00:43:18.520>and <00:43:18.760>for <00:43:19.079>reference <00:43:19.680>I 00:43:19.750 --> 00:43:19.760 align:start position:0% one yes okay and and for reference I 00:43:19.760 --> 00:43:22.630 align:start position:0% one yes okay and and for reference I think<00:43:19.920>it's <00:43:20.319>page <00:43:20.720>six <00:43:21.079>of <00:43:21.280>the <00:43:21.480>that <00:43:22.359>the 00:43:22.630 --> 00:43:22.640 align:start position:0% think it's page six of the PDF that the 00:43:22.640 --> 00:43:26.230 align:start position:0% think it's page six of the PDF that the that<00:43:22.760>the <00:43:22.880>board <00:43:23.720>has <00:43:24.720>uh <00:43:25.000>and <00:43:25.480>sometimes <00:43:25.760>we 00:43:26.230 --> 00:43:26.240 align:start position:0% that the board has uh and sometimes we 00:43:26.240 --> 00:43:29.150 align:start position:0% that the board has uh and sometimes we have<00:43:26.440>percentage <00:43:27.280>uh <00:43:27.440>disperse <00:43:28.280>tables <00:43:28.760>and 00:43:29.150 --> 00:43:29.160 align:start position:0% have percentage uh disperse tables and 00:43:29.160 --> 00:43:31.470 align:start position:0% have percentage uh disperse tables and sometimes<00:43:29.480>we <00:43:29.720>have <00:43:30.359>uh <00:43:30.800>dollar <00:43:31.119>amount 00:43:31.470 --> 00:43:31.480 align:start position:0% sometimes we have uh dollar amount 00:43:31.480 --> 00:43:33.670 align:start position:0% sometimes we have uh dollar amount tables<00:43:32.040>is <00:43:32.160>this <00:43:32.319>a <00:43:32.520>percentage 00:43:33.670 --> 00:43:33.680 align:start position:0% tables is this a percentage 00:43:33.680 --> 00:43:35.510 align:start position:0% tables is this a percentage table<00:43:34.680>yes <00:43:34.839>it 00:43:35.510 --> 00:43:35.520 align:start position:0% table yes it 00:43:35.520 --> 00:43:39.870 align:start position:0% table yes it is<00:43:36.520>and <00:43:36.720>have <00:43:36.880>you <00:43:37.119>provided <00:43:37.720>in <00:43:38.000>table <00:43:38.559>one <00:43:39.559>uh 00:43:39.870 --> 00:43:39.880 align:start position:0% is and have you provided in table one uh 00:43:39.880 --> 00:43:43.829 align:start position:0% is and have you provided in table one uh the<00:43:40.079>name <00:43:40.559>of <00:43:40.920>everyone <00:43:41.680>that <00:43:41.920>we <00:43:42.640>propose <00:43:43.640>uh 00:43:43.829 --> 00:43:43.839 align:start position:0% the name of everyone that we propose uh 00:43:43.839 --> 00:43:46.030 align:start position:0% the name of everyone that we propose uh receive<00:43:44.520>a <00:43:44.760>dispersement 00:43:46.030 --> 00:43:46.040 align:start position:0% receive a dispersement 00:43:46.040 --> 00:43:50.630 align:start position:0% receive a dispersement here<00:43:47.200>yes <00:43:48.200>and <00:43:48.440>except <00:43:48.760>for <00:43:49.160>chisos <00:43:50.160>on <00:43:50.359>on <00:43:50.480>the 00:43:50.630 --> 00:43:50.640 align:start position:0% here yes and except for chisos on on the 00:43:50.640 --> 00:43:53.030 align:start position:0% here yes and except for chisos on on the exhibit<00:43:50.960>that <00:43:51.079>the <00:43:51.160>board <00:43:51.440>currently <00:43:52.000>has <00:43:52.680>is 00:43:53.030 --> 00:43:53.040 align:start position:0% exhibit that the board currently has is 00:43:53.040 --> 00:43:54.549 align:start position:0% exhibit that the board currently has is have<00:43:53.160>you <00:43:53.359>provided <00:43:53.800>what <00:43:53.920>you <00:43:54.079>believe <00:43:54.319>to <00:43:54.400>be 00:43:54.549 --> 00:43:54.559 align:start position:0% have you provided what you believe to be 00:43:54.559 --> 00:43:56.950 align:start position:0% have you provided what you believe to be the<00:43:54.720>correct <00:43:55.200>address <00:43:55.559>for <00:43:55.800>every 00:43:56.950 --> 00:43:56.960 align:start position:0% the correct address for every 00:43:56.960 --> 00:43:59.750 align:start position:0% the correct address for every everybody<00:43:57.960>yes <00:43:58.240>and <00:43:58.400>the <00:43:58.559>address <00:43:58.880>for <00:43:59.119>chesus 00:43:59.750 --> 00:43:59.760 align:start position:0% everybody yes and the address for chesus 00:43:59.760 --> 00:44:03.309 align:start position:0% everybody yes and the address for chesus will<00:43:59.960>be <00:44:00.359>updated <00:44:01.359>after <00:44:01.720>the <00:44:01.880>hearing <00:44:02.319>today 00:44:03.309 --> 00:44:03.319 align:start position:0% will be updated after the hearing today 00:44:03.319 --> 00:44:06.950 align:start position:0% will be updated after the hearing today okay<00:44:04.200>uh <00:44:04.559>and <00:44:05.520>when <00:44:05.680>the <00:44:05.839>escrow <00:44:06.480>agent 00:44:06.950 --> 00:44:06.960 align:start position:0% okay uh and when the escrow agent 00:44:06.960 --> 00:44:10.630 align:start position:0% okay uh and when the escrow agent assuming<00:44:07.319>this <00:44:07.480>is <00:44:07.680>approved <00:44:08.599>uh <00:44:09.559>goes <00:44:10.319>goes 00:44:10.630 --> 00:44:10.640 align:start position:0% assuming this is approved uh goes goes 00:44:10.640 --> 00:44:15.589 align:start position:0% assuming this is approved uh goes goes to<00:44:11.480>uh <00:44:12.280>uh <00:44:12.839>cut <00:44:13.040>the <00:44:13.400>checks <00:44:14.400>uh <00:44:14.640>what <00:44:15.040>what <00:44:15.240>the 00:44:15.589 --> 00:44:15.599 align:start position:0% to uh uh cut the checks uh what what the 00:44:15.599 --> 00:44:18.069 align:start position:0% to uh uh cut the checks uh what what the what<00:44:15.720>they <00:44:15.839>should <00:44:16.160>do <00:44:16.960>is <00:44:17.280>take <00:44:17.720>the 00:44:18.069 --> 00:44:18.079 align:start position:0% what they should do is take the 00:44:18.079 --> 00:44:21.470 align:start position:0% what they should do is take the percentage<00:44:18.800>in <00:44:18.960>the <00:44:19.160>second <00:44:19.559>to <00:44:19.800>last <00:44:20.480>column 00:44:21.470 --> 00:44:21.480 align:start position:0% percentage in the second to last column 00:44:21.480 --> 00:44:23.950 align:start position:0% percentage in the second to last column and<00:44:21.680>multiply <00:44:22.359>that <00:44:22.559>times <00:44:22.880>the <00:44:23.079>balance <00:44:23.599>on 00:44:23.950 --> 00:44:23.960 align:start position:0% and multiply that times the balance on 00:44:23.960 --> 00:44:27.069 align:start position:0% and multiply that times the balance on hand<00:44:24.920>at <00:44:25.119>the <00:44:25.400>time <00:44:26.200>the <00:44:26.319>dispersement <00:44:26.880>is 00:44:27.069 --> 00:44:27.079 align:start position:0% hand at the time the dispersement is 00:44:27.079 --> 00:44:28.750 align:start position:0% hand at the time the dispersement is being<00:44:27.319>made <00:44:27.640>and <00:44:27.800>that'll <00:44:28.119>generate <00:44:28.559>the 00:44:28.750 --> 00:44:28.760 align:start position:0% being made and that'll generate the 00:44:28.760 --> 00:44:31.589 align:start position:0% being made and that'll generate the correct<00:44:29.079>dollar <00:44:29.440>amount <00:44:29.760>is <00:44:29.880>that <00:44:30.480>true <00:44:31.480>that 00:44:31.589 --> 00:44:31.599 align:start position:0% correct dollar amount is that true that 00:44:31.599 --> 00:44:33.829 align:start position:0% correct dollar amount is that true that is<00:44:31.800>correct <00:44:32.800>and <00:44:33.000>that <00:44:33.440>although <00:44:33.720>there 00:44:33.829 --> 00:44:33.839 align:start position:0% is correct and that although there 00:44:33.839 --> 00:44:35.910 align:start position:0% is correct and that although there aren't<00:44:34.440>current <00:44:35.040>royalty <00:44:35.480>payments 00:44:35.910 --> 00:44:35.920 align:start position:0% aren't current royalty payments 00:44:35.920 --> 00:44:37.829 align:start position:0% aren't current royalty payments currently<00:44:36.319>going <00:44:36.559>into <00:44:36.880>this <00:44:37.119>account <00:44:37.640>that 00:44:37.829 --> 00:44:37.839 align:start position:0% currently going into this account that 00:44:37.839 --> 00:44:39.030 align:start position:0% currently going into this account that there<00:44:38.040>there <00:44:38.160>might <00:44:38.319>be <00:44:38.480>some <00:44:38.680>interest 00:44:39.030 --> 00:44:39.040 align:start position:0% there there might be some interest 00:44:39.040 --> 00:44:40.870 align:start position:0% there there might be some interest occurring<00:44:39.559>and <00:44:39.720>so <00:44:39.920>that's <00:44:40.160>that's <00:44:40.359>why <00:44:40.559>we 00:44:40.870 --> 00:44:40.880 align:start position:0% occurring and so that's that's why we 00:44:40.880 --> 00:44:43.390 align:start position:0% occurring and so that's that's why we need<00:44:41.000>to <00:44:41.680>await <00:44:42.200>the <00:44:42.400>date <00:44:42.720>on <00:44:43.000>which <00:44:43.200>the 00:44:43.390 --> 00:44:43.400 align:start position:0% need to await the date on which the 00:44:43.400 --> 00:44:44.710 align:start position:0% need to await the date on which the dispersement<00:44:43.960>is 00:44:44.710 --> 00:44:44.720 align:start position:0% dispersement is 00:44:44.720 --> 00:44:47.950 align:start position:0% dispersement is made<00:44:45.720>yes <00:44:45.960>that's <00:44:46.160>correct <00:44:47.079>okay <00:44:47.720>and <00:44:47.839>then 00:44:47.950 --> 00:44:47.960 align:start position:0% made yes that's correct okay and then 00:44:47.960 --> 00:44:50.950 align:start position:0% made yes that's correct okay and then you<00:44:48.160>submitted <00:44:48.559>a <00:44:48.760>revised <00:44:49.240>exhibit <00:44:50.000>uh <00:44:50.200>e 00:44:50.950 --> 00:44:50.960 align:start position:0% you submitted a revised exhibit uh e 00:44:50.960 --> 00:44:53.349 align:start position:0% you submitted a revised exhibit uh e which<00:44:51.119>is <00:44:51.319>the <00:44:51.720>uh <00:44:51.880>escrow <00:44:52.480>exhibit <00:44:53.000>that's 00:44:53.349 --> 00:44:53.359 align:start position:0% which is the uh escrow exhibit that's 00:44:53.359 --> 00:44:56.030 align:start position:0% which is the uh escrow exhibit that's actually<00:44:53.680>page <00:44:54.000>seven <00:44:54.640>following <00:44:55.079>table <00:44:55.440>one 00:44:56.030 --> 00:44:56.040 align:start position:0% actually page seven following table one 00:44:56.040 --> 00:44:57.589 align:start position:0% actually page seven following table one and<00:44:56.160>you've <00:44:56.359>indicated <00:44:56.839>there <00:44:57.040>that <00:44:57.160>if <00:44:57.359>these 00:44:57.589 --> 00:44:57.599 align:start position:0% and you've indicated there that if these 00:44:57.599 --> 00:44:59.270 align:start position:0% and you've indicated there that if these dispersements<00:44:58.240>are 00:44:59.270 --> 00:44:59.280 align:start position:0% dispersements are 00:44:59.280 --> 00:45:01.990 align:start position:0% dispersements are approved<00:45:00.280>uh <00:45:00.440>the <00:45:00.559>escrow <00:45:01.160>account <00:45:01.559>will <00:45:01.760>no 00:45:01.990 --> 00:45:02.000 align:start position:0% approved uh the escrow account will no 00:45:02.000 --> 00:45:05.750 align:start position:0% approved uh the escrow account will no longer<00:45:03.000>be <00:45:03.240>required <00:45:03.760>so <00:45:03.920>that <00:45:04.520>true <00:45:05.520>that's 00:45:05.750 --> 00:45:05.760 align:start position:0% longer be required so that true that's 00:45:05.760 --> 00:45:08.990 align:start position:0% longer be required so that true that's correct<00:45:06.640>okay <00:45:07.280>and <00:45:07.400>you <00:45:07.640>provided <00:45:08.280>an <00:45:08.559>exhibit 00:45:08.990 --> 00:45:09.000 align:start position:0% correct okay and you provided an exhibit 00:45:09.000 --> 00:45:11.870 align:start position:0% correct okay and you provided an exhibit double<00:45:09.359>e <00:45:10.240>uh <00:45:10.400>which <00:45:10.559>is <00:45:10.880>kind <00:45:11.040>of <00:45:11.160>the <00:45:11.359>path 00:45:11.870 --> 00:45:11.880 align:start position:0% double e uh which is kind of the path 00:45:11.880 --> 00:45:15.870 align:start position:0% double e uh which is kind of the path forward<00:45:12.880>um <00:45:13.319>consistent <00:45:13.960>with <00:45:14.160>table <00:45:14.760>one <00:45:15.760>uh 00:45:15.870 --> 00:45:15.880 align:start position:0% forward um consistent with table one uh 00:45:15.880 --> 00:45:19.670 align:start position:0% forward um consistent with table one uh in<00:45:16.079>your <00:45:16.400>prior <00:45:17.240>uh <00:45:17.640>prior <00:45:18.000>payment <00:45:18.680>history 00:45:19.670 --> 00:45:19.680 align:start position:0% in your prior uh prior payment history 00:45:19.680 --> 00:45:22.470 align:start position:0% in your prior uh prior payment history uh<00:45:19.960>and <00:45:20.359>and <00:45:20.640>except <00:45:20.920>for <00:45:21.200>the <00:45:21.319>chisos <00:45:22.000>address 00:45:22.470 --> 00:45:22.480 align:start position:0% uh and and except for the chisos address 00:45:22.480 --> 00:45:23.390 align:start position:0% uh and and except for the chisos address that's 00:45:23.390 --> 00:45:23.400 align:start position:0% that's 00:45:23.400 --> 00:45:26.990 align:start position:0% that's correct<00:45:24.400>that's <00:45:24.880>correct 00:45:26.990 --> 00:45:27.000 align:start position:0% correct that's correct 00:45:27.000 --> 00:45:30.950 align:start position:0% correct that's correct uh<00:45:27.240>and <00:45:27.520>then <00:45:28.040>going <00:45:28.720>to <00:45:29.720>uh <00:45:29.920>your <00:45:30.240>accounting 00:45:30.950 --> 00:45:30.960 align:start position:0% uh and then going to uh your accounting 00:45:30.960 --> 00:45:34.349 align:start position:0% uh and then going to uh your accounting which<00:45:31.119>is <00:45:31.400>a <00:45:31.640>page 00:45:34.349 --> 00:45:34.359 align:start position:0% which is a PDF page 00:45:34.359 --> 00:45:37.589 align:start position:0% which is a PDF page 13<00:45:35.359>um <00:45:36.240>do <00:45:36.319>you <00:45:36.440>have <00:45:36.599>that <00:45:36.720>in <00:45:36.800>front <00:45:36.960>of <00:45:37.040>you 00:45:37.589 --> 00:45:37.599 align:start position:0% 13 um do you have that in front of you 00:45:37.599 --> 00:45:42.950 align:start position:0% 13 um do you have that in front of you Kelly<00:45:38.599>yes <00:45:39.400>okay <00:45:40.160>uh <00:45:40.680>and <00:45:41.119>the <00:45:41.240>point <00:45:41.520>of <00:45:41.960>uh 00:45:42.950 --> 00:45:42.960 align:start position:0% Kelly yes okay uh and the point of uh 00:45:42.960 --> 00:45:44.710 align:start position:0% Kelly yes okay uh and the point of uh well<00:45:43.079>let <00:45:43.160>me <00:45:43.319>start <00:45:43.599>back <00:45:43.760>a <00:45:43.880>little <00:45:44.119>further 00:45:44.710 --> 00:45:44.720 align:start position:0% well let me start back a little further 00:45:44.720 --> 00:45:48.309 align:start position:0% well let me start back a little further did<00:45:44.920>you <00:45:45.280>attempt <00:45:46.000>to <00:45:47.000>uh <00:45:47.319>locate 00:45:48.309 --> 00:45:48.319 align:start position:0% did you attempt to uh locate 00:45:48.319 --> 00:45:51.030 align:start position:0% did you attempt to uh locate documentation<00:45:49.240>regarding <00:45:49.920>all <00:45:50.079>of <00:45:50.319>the 00:45:51.030 --> 00:45:51.040 align:start position:0% documentation regarding all of the 00:45:51.040 --> 00:45:54.270 align:start position:0% documentation regarding all of the deposits<00:45:52.040>that <00:45:52.480>uh <00:45:52.640>the <00:45:52.839>operator <00:45:53.319>has 00:45:54.270 --> 00:45:54.280 align:start position:0% deposits that uh the operator has 00:45:54.280 --> 00:45:58.150 align:start position:0% deposits that uh the operator has made<00:45:55.280>yes <00:45:55.960>and <00:45:56.160>then <00:45:56.359>did <00:45:56.559>you <00:45:56.839>compare <00:45:57.359>those 00:45:58.150 --> 00:45:58.160 align:start position:0% made yes and then did you compare those 00:45:58.160 --> 00:46:01.549 align:start position:0% made yes and then did you compare those deposits<00:45:59.160>to <00:45:59.720>the <00:45:59.880>dates <00:46:00.160>and <00:46:00.400>amounts <00:46:01.160>to <00:46:01.400>the 00:46:01.549 --> 00:46:01.559 align:start position:0% deposits to the dates and amounts to the 00:46:01.559 --> 00:46:02.670 align:start position:0% deposits to the dates and amounts to the bank 00:46:02.670 --> 00:46:02.680 align:start position:0% bank 00:46:02.680 --> 00:46:06.069 align:start position:0% bank records<00:46:03.680>that <00:46:03.880>is <00:46:04.040>correct <00:46:05.000>okay <00:46:05.400>and <00:46:05.559>in <00:46:05.760>some 00:46:06.069 --> 00:46:06.079 align:start position:0% records that is correct okay and in some 00:46:06.079 --> 00:46:08.510 align:start position:0% records that is correct okay and in some instances<00:46:06.720>you <00:46:06.920>found <00:46:07.440>differences <00:46:08.240>but <00:46:08.359>you 00:46:08.510 --> 00:46:08.520 align:start position:0% instances you found differences but you 00:46:08.520 --> 00:46:12.750 align:start position:0% instances you found differences but you were<00:46:08.880>able <00:46:09.319>to <00:46:10.559>uh <00:46:11.559>come <00:46:11.800>up <00:46:11.960>with <00:46:12.119>an <00:46:12.319>answer 00:46:12.750 --> 00:46:12.760 align:start position:0% were able to uh come up with an answer 00:46:12.760 --> 00:46:15.870 align:start position:0% were able to uh come up with an answer as<00:46:12.920>to <00:46:13.119>why <00:46:13.480>it <00:46:13.640>appeared <00:46:14.040>to <00:46:14.200>be 00:46:15.870 --> 00:46:15.880 align:start position:0% as to why it appeared to be 00:46:15.880 --> 00:46:20.150 align:start position:0% as to why it appeared to be different<00:46:16.880>uh <00:46:17.160>yes <00:46:17.960>okay <00:46:18.160>for <00:46:18.520>example <00:46:19.160>on <00:46:19.720>13 <00:46:21.680>there <00:46:21.800>are <00:46:22.000>some <00:46:22.400>dark <00:46:23.319>uh <00:46:23.800>darker 00:46:24.670 --> 00:46:24.680 align:start position:0% page 13 there are some dark uh darker 00:46:24.680 --> 00:46:30.790 align:start position:0% page 13 there are some dark uh darker boxes<00:46:25.319>or <00:46:26.119>s <00:46:26.839>uh <00:46:27.839>uh <00:46:28.400>around <00:46:29.400>uh <00:46:29.920>entries <00:46:30.559>in 00:46:30.790 --> 00:46:30.800 align:start position:0% boxes or s uh uh around uh entries in 00:46:30.800 --> 00:46:35.069 align:start position:0% boxes or s uh uh around uh entries in the<00:46:31.200>in <00:46:31.440>the <00:46:31.880>third <00:46:32.599>column <00:46:33.599>and <00:46:34.240>the <00:46:34.640>fifth 00:46:35.069 --> 00:46:35.079 align:start position:0% the in the third column and the fifth 00:46:35.079 --> 00:46:37.670 align:start position:0% the in the third column and the fifth column<00:46:35.520>from <00:46:35.760>the <00:46:36.000>left <00:46:36.559>let's <00:46:36.800>take <00:46:37.040>for 00:46:37.670 --> 00:46:37.680 align:start position:0% column from the left let's take for 00:46:37.680 --> 00:46:43.870 align:start position:0% column from the left let's take for example<00:46:39.040>um <00:46:40.040>uh <00:46:41.040>November <00:46:41.520>25th <00:46:42.640>1993 <00:46:43.640>you've 00:46:43.870 --> 00:46:43.880 align:start position:0% example um uh November 25th 1993 you've 00:46:43.880 --> 00:46:44.870 align:start position:0% example um uh November 25th 1993 you've got 00:46:44.870 --> 00:46:44.880 align:start position:0% got 00:46:44.880 --> 00:46:46.950 align:start position:0% got $40.25<00:46:45.880>and <00:46:46.040>you <00:46:46.119>got 00:46:46.950 --> 00:46:46.960 align:start position:0% $40.25 and you got 00:46:46.960 --> 00:46:49.549 align:start position:0% $40.25 and you got $32.49<00:46:47.960>and <00:46:48.040>then <00:46:48.160>if <00:46:48.280>you <00:46:48.440>come <00:46:48.680>across <00:46:49.359>to 00:46:49.549 --> 00:46:49.559 align:start position:0% $32.49 and then if you come across to 00:46:49.559 --> 00:46:53.710 align:start position:0% $32.49 and then if you come across to the<00:46:49.839>banks <00:46:50.160>records <00:46:51.119>you <00:46:51.280>got <00:46:51.480>one <00:46:51.760>deposit <00:46:52.200>of 00:46:53.710 --> 00:46:53.720 align:start position:0% the banks records you got one deposit of 00:46:53.720 --> 00:46:57.910 align:start position:0% the banks records you got one deposit of 7274<00:46:54.800>right <00:46:56.200>that's <00:46:56.480>correct <00:46:57.480>and <00:46:57.720>it 00:46:57.910 --> 00:46:57.920 align:start position:0% 7274 right that's correct and it 00:46:57.920 --> 00:46:59.750 align:start position:0% 7274 right that's correct and it basically<00:46:58.400>you <00:46:58.760>concluded <00:46:59.319>that <00:46:59.480>there <00:46:59.599>was 00:46:59.750 --> 00:46:59.760 align:start position:0% basically you concluded that there was 00:46:59.760 --> 00:47:01.750 align:start position:0% basically you concluded that there was not<00:46:59.920>a <00:47:00.160>problem <00:47:00.559>there <00:47:00.839>because <00:47:01.280>if <00:47:01.359>you <00:47:01.520>add 00:47:01.750 --> 00:47:01.760 align:start position:0% not a problem there because if you add 00:47:01.760 --> 00:47:04.750 align:start position:0% not a problem there because if you add the<00:47:02.319>amounts <00:47:03.319>the <00:47:03.480>checks <00:47:04.079>to <00:47:04.319>the <00:47:04.440>amount <00:47:04.640>of 00:47:04.750 --> 00:47:04.760 align:start position:0% the amounts the checks to the amount of 00:47:04.760 --> 00:47:07.190 align:start position:0% the amounts the checks to the amount of the<00:47:04.960>deposit <00:47:05.920>come <00:47:06.079>up <00:47:06.240>with <00:47:06.359>the <00:47:06.440>same 00:47:07.190 --> 00:47:07.200 align:start position:0% the deposit come up with the same 00:47:07.200 --> 00:47:11.030 align:start position:0% the deposit come up with the same number<00:47:08.200>that's <00:47:08.480>right <00:47:09.240>okay <00:47:09.440>so <00:47:10.040>for 00:47:11.030 --> 00:47:11.040 align:start position:0% number that's right okay so for 00:47:11.040 --> 00:47:12.910 align:start position:0% number that's right okay so for instances<00:47:11.520>or <00:47:11.800>differences <00:47:12.400>where <00:47:12.599>you <00:47:12.800>that 00:47:12.910 --> 00:47:12.920 align:start position:0% instances or differences where you that 00:47:12.920 --> 00:47:15.230 align:start position:0% instances or differences where you that you<00:47:13.000>were <00:47:13.160>able <00:47:13.319>to <00:47:13.559>account <00:47:13.839>for <00:47:14.160>those <00:47:14.960>you 00:47:15.230 --> 00:47:15.240 align:start position:0% you were able to account for those you 00:47:15.240 --> 00:47:17.030 align:start position:0% you were able to account for those you put<00:47:15.440>the <00:47:15.760>put <00:47:15.920>them <00:47:16.079>in <00:47:16.280>Brackets <00:47:16.800>and <00:47:16.920>then 00:47:17.030 --> 00:47:17.040 align:start position:0% put the put them in Brackets and then 00:47:17.040 --> 00:47:19.270 align:start position:0% put the put them in Brackets and then you've<00:47:17.200>got <00:47:17.400>stuff <00:47:17.599>in <00:47:17.839>yellow 00:47:19.270 --> 00:47:19.280 align:start position:0% you've got stuff in yellow 00:47:19.280 --> 00:47:22.870 align:start position:0% you've got stuff in yellow right<00:47:20.280>yes <00:47:21.079>okay <00:47:21.400>and <00:47:21.599>and <00:47:21.720>you've <00:47:21.920>got <00:47:22.720>a 00:47:22.870 --> 00:47:22.880 align:start position:0% right yes okay and and you've got a 00:47:22.880 --> 00:47:24.510 align:start position:0% right yes okay and and you've got a couple<00:47:23.079>of <00:47:23.200>yellow <00:47:23.520>entries <00:47:23.960>in <00:47:24.119>the <00:47:24.240>third 00:47:24.510 --> 00:47:24.520 align:start position:0% couple of yellow entries in the third 00:47:24.520 --> 00:47:27.710 align:start position:0% couple of yellow entries in the third column<00:47:24.880>immediately <00:47:25.599>and <00:47:25.920>then <00:47:26.280>a <00:47:26.920>um <00:47:27.599>a 00:47:27.710 --> 00:47:27.720 align:start position:0% column immediately and then a um a 00:47:27.720 --> 00:47:29.430 align:start position:0% column immediately and then a um a yellow<00:47:28.040>entry <00:47:28.359>in <00:47:28.480>the <00:47:28.599>fifth <00:47:28.880>column <00:47:29.240>from 00:47:29.430 --> 00:47:29.440 align:start position:0% yellow entry in the fifth column from 00:47:29.440 --> 00:47:33.589 align:start position:0% yellow entry in the fifth column from the<00:47:29.640>left <00:47:30.359>uh <00:47:31.200>March <00:47:31.599>31st <00:47:32.160>1993 <00:47:33.119>and <00:47:33.280>those 00:47:33.589 --> 00:47:33.599 align:start position:0% the left uh March 31st 1993 and those 00:47:33.599 --> 00:47:34.990 align:start position:0% the left uh March 31st 1993 and those yellow<00:47:34.079>highlights <00:47:34.400>are <00:47:34.599>things <00:47:34.760>that <00:47:34.880>you 00:47:34.990 --> 00:47:35.000 align:start position:0% yellow highlights are things that you 00:47:35.000 --> 00:47:36.990 align:start position:0% yellow highlights are things that you were<00:47:35.160>not <00:47:35.400>able <00:47:35.640>to <00:47:35.880>account 00:47:36.990 --> 00:47:37.000 align:start position:0% were not able to account 00:47:37.000 --> 00:47:39.390 align:start position:0% were not able to account for<00:47:38.000>that's <00:47:38.240>correct <00:47:38.599>we <00:47:38.680>were <00:47:38.839>not <00:47:38.960>able <00:47:39.160>to 00:47:39.390 --> 00:47:39.400 align:start position:0% for that's correct we were not able to 00:47:39.400 --> 00:47:41.790 align:start position:0% for that's correct we were not able to reconcile<00:47:40.040>our <00:47:40.359>records <00:47:40.920>with <00:47:41.119>those <00:47:41.280>of <00:47:41.440>the 00:47:41.790 --> 00:47:41.800 align:start position:0% reconcile our records with those of the 00:47:41.800 --> 00:47:45.069 align:start position:0% reconcile our records with those of the bank<00:47:42.800>and <00:47:42.960>in <00:47:43.160>some <00:47:43.720>instances <00:47:44.720>I <00:47:44.800>think <00:47:44.960>we 00:47:45.069 --> 00:47:45.079 align:start position:0% bank and in some instances I think we 00:47:45.079 --> 00:47:47.190 align:start position:0% bank and in some instances I think we could<00:47:45.400>guess <00:47:45.880>for <00:47:46.160>example <00:47:46.640>if <00:47:46.720>you <00:47:46.880>look <00:47:47.040>at 00:47:47.190 --> 00:47:47.200 align:start position:0% could guess for example if you look at 00:47:47.200 --> 00:47:52.589 align:start position:0% could guess for example if you look at 1025<00:47:48.200>1994 <00:47:49.200>you've <00:47:49.480>got <00:47:50.480>uh 00:47:52.589 --> 00:47:52.599 align:start position:0% 1025 1994 you've got uh 00:47:52.599 --> 00:47:57.349 align:start position:0% 1025 1994 you've got uh 4649<00:47:53.599>versus <00:47:54.720>3649 <00:47:55.920>and <00:47:56.240>we <00:47:56.359>could <00:47:56.720>guess <00:47:57.160>that 00:47:57.349 --> 00:47:57.359 align:start position:0% 4649 versus 3649 and we could guess that 00:47:57.359 --> 00:47:59.710 align:start position:0% 4649 versus 3649 and we could guess that maybe<00:47:58.319>uh <00:47:58.440>somebody <00:47:58.800>put <00:47:58.960>in <00:47:59.079>a <00:47:59.200>three <00:47:59.440>instead 00:47:59.710 --> 00:47:59.720 align:start position:0% maybe uh somebody put in a three instead 00:47:59.720 --> 00:48:00.790 align:start position:0% maybe uh somebody put in a three instead of<00:47:59.839>a 00:48:00.790 --> 00:48:00.800 align:start position:0% of a 00:48:00.800 --> 00:48:04.630 align:start position:0% of a four<00:48:01.800>right <00:48:02.359>but <00:48:02.480>we <00:48:02.760>but <00:48:02.880>we <00:48:03.000>don't <00:48:03.200>know <00:48:04.079>okay 00:48:04.630 --> 00:48:04.640 align:start position:0% four right but we but we don't know okay 00:48:04.640 --> 00:48:08.910 align:start position:0% four right but we but we don't know okay yes<00:48:05.480>uh <00:48:05.839>but <00:48:06.040>once <00:48:06.280>we <00:48:06.440>get <00:48:06.720>past <00:48:07.079>page <00:48:07.760>13 <00:48:08.760>we 00:48:08.910 --> 00:48:08.920 align:start position:0% yes uh but once we get past page 13 we 00:48:08.920 --> 00:48:11.270 align:start position:0% yes uh but once we get past page 13 we do<00:48:09.160>not <00:48:09.440>appear <00:48:09.680>to <00:48:09.839>have <00:48:10.160>problems <00:48:10.680>for <00:48:11.000>many 00:48:11.270 --> 00:48:11.280 align:start position:0% do not appear to have problems for many 00:48:11.280 --> 00:48:13.150 align:start position:0% do not appear to have problems for many years 00:48:13.150 --> 00:48:13.160 align:start position:0% years 00:48:13.160 --> 00:48:16.829 align:start position:0% years actually<00:48:14.160>correct <00:48:14.800>yes <00:48:15.520>okay <00:48:15.760>that's <00:48:15.960>correct 00:48:16.829 --> 00:48:16.839 align:start position:0% actually correct yes okay that's correct 00:48:16.839 --> 00:48:20.150 align:start position:0% actually correct yes okay that's correct and<00:48:17.000>then <00:48:17.280>we <00:48:17.440>get <00:48:17.760>down <00:48:18.160>to <00:48:18.640>you <00:48:18.839>always <00:48:19.119>do <00:48:19.359>a 00:48:20.150 --> 00:48:20.160 align:start position:0% and then we get down to you always do a 00:48:20.160 --> 00:48:23.510 align:start position:0% and then we get down to you always do a calculation<00:48:21.160>uh <00:48:21.319>to <00:48:21.559>to <00:48:21.760>try <00:48:21.920>to <00:48:22.359>compare <00:48:23.359>uh 00:48:23.510 --> 00:48:23.520 align:start position:0% calculation uh to to try to compare uh 00:48:23.520 --> 00:48:27.069 align:start position:0% calculation uh to to try to compare uh the<00:48:23.640>first <00:48:24.000>bank <00:48:24.400>balance <00:48:25.000>to <00:48:25.680>to <00:48:26.200>balance <00:48:26.559>the 00:48:27.069 --> 00:48:27.079 align:start position:0% the first bank balance to to balance the 00:48:27.079 --> 00:48:29.750 align:start position:0% the first bank balance to to balance the calculation<00:48:27.640>that <00:48:27.800>you <00:48:28.200>make <00:48:29.200>uh <00:48:29.440>and <00:48:29.640>and 00:48:29.750 --> 00:48:29.760 align:start position:0% calculation that you make uh and and 00:48:29.760 --> 00:48:32.190 align:start position:0% calculation that you make uh and and you've<00:48:30.079>reported <00:48:30.800>there <00:48:31.079>that <00:48:31.400>that <00:48:31.839>you <00:48:32.079>you 00:48:32.190 --> 00:48:32.200 align:start position:0% you've reported there that that you you 00:48:32.200 --> 00:48:34.230 align:start position:0% you've reported there that that you you see<00:48:32.440>a <00:48:32.640>difference <00:48:32.960>of <00:48:33.160>what 00:48:34.230 --> 00:48:34.240 align:start position:0% see a difference of what 00:48:34.240 --> 00:48:35.950 align:start position:0% see a difference of what amount 00:48:35.950 --> 00:48:35.960 align:start position:0% amount 00:48:35.960 --> 00:48:37.829 align:start position:0% amount $176 00:48:37.829 --> 00:48:37.839 align:start position:0% $176 00:48:37.839 --> 00:48:41.630 align:start position:0% $176 58<00:48:38.839>that <00:48:39.599>your <00:48:39.920>your <00:48:40.160>total <00:48:40.520>is <00:48:40.760>slightly <00:48:41.280>in 00:48:41.630 --> 00:48:41.640 align:start position:0% 58 that your your total is slightly in 00:48:41.640 --> 00:48:43.990 align:start position:0% 58 that your your total is slightly in excess<00:48:42.040>of <00:48:42.319>First <00:48:42.640>Bank <00:48:42.960>by <00:48:43.160>that 00:48:43.990 --> 00:48:44.000 align:start position:0% excess of First Bank by that 00:48:44.000 --> 00:48:47.510 align:start position:0% excess of First Bank by that amount<00:48:45.240>yes <00:48:46.240>previously <00:48:46.800>discussed <00:48:47.240>or <00:48:47.359>you 00:48:47.510 --> 00:48:47.520 align:start position:0% amount yes previously discussed or you 00:48:47.520 --> 00:48:49.670 align:start position:0% amount yes previously discussed or you previously<00:48:48.040>indicated <00:48:48.640>that <00:48:49.240>that <00:48:49.359>your 00:48:49.670 --> 00:48:49.680 align:start position:0% previously indicated that that your 00:48:49.680 --> 00:48:51.150 align:start position:0% previously indicated that that your current<00:48:50.000>this <00:48:50.119>unit <00:48:50.359>is <00:48:50.480>currently <00:48:50.839>paying 00:48:51.150 --> 00:48:51.160 align:start position:0% current this unit is currently paying 00:48:51.160 --> 00:48:54.030 align:start position:0% current this unit is currently paying under<00:48:51.480>vph <00:48:51.960>sealed <00:48:52.400>go <00:48:52.760>one <00:48:53.520>and <00:48:53.640>you've <00:48:53.839>given 00:48:54.030 --> 00:48:54.040 align:start position:0% under vph sealed go one and you've given 00:48:54.040 --> 00:48:56.309 align:start position:0% under vph sealed go one and you've given us<00:48:54.160>the <00:48:54.359>docket <00:48:54.720>number 00:48:56.309 --> 00:48:56.319 align:start position:0% us the docket number 00:48:56.319 --> 00:48:58.069 align:start position:0% us the docket number that's 00:48:58.069 --> 00:48:58.079 align:start position:0% that's 00:48:58.079 --> 00:49:01.589 align:start position:0% that's correct<00:48:59.079>then <00:48:59.839>I <00:49:00.040>think <00:49:00.319>if <00:49:00.520>we 00:49:01.589 --> 00:49:01.599 align:start position:0% correct then I think if we 00:49:01.599 --> 00:49:07.990 align:start position:0% correct then I think if we go 00:49:07.990 --> 00:49:08.000 align:start position:0% 00:49:08.000 --> 00:49:11.710 align:start position:0% see<00:49:09.000>and <00:49:09.200>and <00:49:09.480>at <00:49:09.640>the <00:49:09.880>very <00:49:10.240>end <00:49:10.680>of <00:49:10.960>this <00:49:11.440>uh 00:49:11.710 --> 00:49:11.720 align:start position:0% see and and at the very end of this uh 00:49:11.720 --> 00:49:14.990 align:start position:0% see and and at the very end of this uh document<00:49:12.440>you <00:49:12.760>or <00:49:13.200>this <00:49:14.200>petition <00:49:14.680>you've 00:49:14.990 --> 00:49:15.000 align:start position:0% document you or this petition you've 00:49:15.000 --> 00:49:18.270 align:start position:0% document you or this petition you've included<00:49:15.640>copies <00:49:16.160>of <00:49:16.440>the <00:49:17.040>split <00:49:17.480>agreements 00:49:18.270 --> 00:49:18.280 align:start position:0% included copies of the split agreements 00:49:18.280 --> 00:49:20.470 align:start position:0% included copies of the split agreements or<00:49:18.599>or <00:49:18.799>other <00:49:19.000>agreements <00:49:19.359>that <00:49:19.640>result <00:49:20.040>in <00:49:20.240>or 00:49:20.470 --> 00:49:20.480 align:start position:0% or or other agreements that result in or 00:49:20.480 --> 00:49:23.589 align:start position:0% or or other agreements that result in or approve<00:49:20.799>a <00:49:21.000>split <00:49:21.480>and <00:49:21.559>you <00:49:21.960>also <00:49:22.960>uh <00:49:23.160>indic 00:49:23.589 --> 00:49:23.599 align:start position:0% approve a split and you also uh indic 00:49:23.599 --> 00:49:27.069 align:start position:0% approve a split and you also uh indic given<00:49:24.000>proof <00:49:24.400>with <00:49:24.640>regard <00:49:25.000>to <00:49:25.160>your <00:49:25.760>prior <00:49:26.760>uh 00:49:27.069 --> 00:49:27.079 align:start position:0% given proof with regard to your prior uh 00:49:27.079 --> 00:49:30.670 align:start position:0% given proof with regard to your prior uh mailings<00:49:28.079>uh <00:49:28.160>to <00:49:28.280>the <00:49:28.440>coal <00:49:28.680>owners <00:49:29.680>uh <00:49:30.520>a 00:49:30.670 --> 00:49:30.680 align:start position:0% mailings uh to the coal owners uh a 00:49:30.680 --> 00:49:32.510 align:start position:0% mailings uh to the coal owners uh a supplemental<00:49:31.280>Affidavit <00:49:31.799>of <00:49:31.920>mailing <00:49:32.359>with 00:49:32.510 --> 00:49:32.520 align:start position:0% supplemental Affidavit of mailing with 00:49:32.520 --> 00:49:34.270 align:start position:0% supplemental Affidavit of mailing with regard<00:49:32.799>to <00:49:33.000>those <00:49:33.160>owners <00:49:33.839>and <00:49:34.000>and <00:49:34.119>you've 00:49:34.270 --> 00:49:34.280 align:start position:0% regard to those owners and and you've 00:49:34.280 --> 00:49:36.549 align:start position:0% regard to those owners and and you've given<00:49:34.520>an <00:49:34.760>example <00:49:35.319>of <00:49:35.480>the <00:49:35.880>of <00:49:36.000>the <00:49:36.160>letter 00:49:36.549 --> 00:49:36.559 align:start position:0% given an example of the of the letter 00:49:36.559 --> 00:49:39.750 align:start position:0% given an example of the of the letter that<00:49:36.680>you <00:49:36.839>sent <00:49:37.079>out <00:49:37.680>correct <00:49:38.680>yes <00:49:39.119>that's 00:49:39.750 --> 00:49:39.760 align:start position:0% that you sent out correct yes that's 00:49:39.760 --> 00:49:42.789 align:start position:0% that you sent out correct yes that's right<00:49:40.760>uh <00:49:41.119>Mr <00:49:41.359>chairman <00:49:41.720>I <00:49:41.839>think <00:49:42.079>that's <00:49:42.400>it 00:49:42.789 --> 00:49:42.799 align:start position:0% right uh Mr chairman I think that's it 00:49:42.799 --> 00:49:47.510 align:start position:0% right uh Mr chairman I think that's it with<00:49:43.079>regard <00:49:43.640>to <00:49:44.200>this <00:49:44.520>dispersement 00:49:47.510 --> 00:49:47.520 align:start position:0% 00:49:47.520 --> 00:49:49.829 align:start position:0% request<00:49:48.520>thank <00:49:48.680>you <00:49:48.839>any <00:49:49.040>questions <00:49:49.480>from <00:49:49.680>any 00:49:49.829 --> 00:49:49.839 align:start position:0% request thank you any questions from any 00:49:49.839 --> 00:49:54.510 align:start position:0% request thank you any questions from any member<00:49:50.079>of <00:49:50.200>the 00:49:54.510 --> 00:49:54.520 align:start position:0% 00:49:54.520 --> 00:49:58.109 align:start position:0% board 00:49:58.109 --> 00:49:58.119 align:start position:0% 00:49:58.119 --> 00:49:59.990 align:start position:0% I<00:49:58.359>have 00:49:59.990 --> 00:50:00.000 align:start position:0% I have 00:50:00.000 --> 00:50:05.270 align:start position:0% I have uh<00:50:01.000>on <00:50:01.200>the <00:50:01.760>chart <00:50:03.040>okay <00:50:04.040>what <00:50:04.280>page <00:50:04.559>is 00:50:05.270 --> 00:50:05.280 align:start position:0% uh on the chart okay what page is 00:50:05.280 --> 00:50:07.470 align:start position:0% uh on the chart okay what page is that<00:50:06.280>think <00:50:06.559>I'll <00:50:06.760>tell 00:50:07.470 --> 00:50:07.480 align:start position:0% that think I'll tell 00:50:07.480 --> 00:50:10.950 align:start position:0% that think I'll tell you<00:50:08.480>page 00:50:10.950 --> 00:50:10.960 align:start position:0% 00:50:10.960 --> 00:50:14.150 align:start position:0% six<00:50:11.960>and <00:50:12.119>I <00:50:12.240>know <00:50:12.559>it's <00:50:13.359>it's <00:50:13.520>only <00:50:13.760>good <00:50:13.960>for 00:50:14.150 --> 00:50:14.160 align:start position:0% six and I know it's it's only good for 00:50:14.160 --> 00:50:15.950 align:start position:0% six and I know it's it's only good for that<00:50:14.319>day <00:50:14.599>but <00:50:14.760>could <00:50:14.920>we <00:50:15.160>have <00:50:15.559>the <00:50:15.680>date 00:50:15.950 --> 00:50:15.960 align:start position:0% that day but could we have the date 00:50:15.960 --> 00:50:20.510 align:start position:0% that day but could we have the date certain<00:50:16.400>that <00:50:16.640>that <00:50:16.960>those <00:50:17.200>calculations <00:50:17.799>was 00:50:20.510 --> 00:50:20.520 align:start position:0% 00:50:20.520 --> 00:50:23.230 align:start position:0% run<00:50:21.520>it's <00:50:21.720>based <00:50:22.000>on <00:50:22.200>percentages <00:50:22.799>and <00:50:22.920>we <00:50:23.040>all 00:50:23.230 --> 00:50:23.240 align:start position:0% run it's based on percentages and we all 00:50:23.240 --> 00:50:24.789 align:start position:0% run it's based on percentages and we all realize<00:50:23.720>that <00:50:23.920>but <00:50:24.079>we've <00:50:24.319>actually <00:50:24.599>got 00:50:24.789 --> 00:50:24.799 align:start position:0% realize that but we've actually got 00:50:24.799 --> 00:50:26.910 align:start position:0% realize that but we've actually got numbers<00:50:25.240>there 00:50:26.910 --> 00:50:26.920 align:start position:0% numbers there 00:50:26.920 --> 00:50:28.710 align:start position:0% numbers there right<00:50:27.079>and <00:50:27.200>I <00:50:27.359>just <00:50:27.799>I <00:50:27.880>think <00:50:28.119>somewhere <00:50:28.480>on 00:50:28.710 --> 00:50:28.720 align:start position:0% right and I just I think somewhere on 00:50:28.720 --> 00:50:31.750 align:start position:0% right and I just I think somewhere on there<00:50:28.920>we <00:50:29.040>need <00:50:29.319>that <00:50:29.799>disclaimer <00:50:30.799>in <00:50:31.040>case 00:50:31.750 --> 00:50:31.760 align:start position:0% there we need that disclaimer in case 00:50:31.760 --> 00:50:33.990 align:start position:0% there we need that disclaimer in case somebody<00:50:32.400>picks <00:50:32.720>this <00:50:33.000>up <00:50:33.240>and <00:50:33.480>says <00:50:33.720>well <00:50:33.880>you 00:50:33.990 --> 00:50:34.000 align:start position:0% somebody picks this up and says well you 00:50:34.000 --> 00:50:36.630 align:start position:0% somebody picks this up and says well you owe<00:50:34.200>me <00:50:34.440>this <00:50:34.599>many <00:50:35.040>dollars <00:50:36.040>if <00:50:36.160>we <00:50:36.359>had <00:50:36.480>a 00:50:36.630 --> 00:50:36.640 align:start position:0% owe me this many dollars if we had a 00:50:36.640 --> 00:50:37.710 align:start position:0% owe me this many dollars if we had a date 00:50:37.710 --> 00:50:37.720 align:start position:0% date 00:50:37.720 --> 00:50:40.030 align:start position:0% date certain<00:50:38.720>that <00:50:38.920>that <00:50:39.079>was <00:50:39.240>run <00:50:39.559>and <00:50:39.720>it <00:50:39.839>should 00:50:40.030 --> 00:50:40.040 align:start position:0% certain that that was run and it should 00:50:40.040 --> 00:50:42.069 align:start position:0% certain that that was run and it should be<00:50:40.240>pretty <00:50:40.480>simple <00:50:40.799>to <00:50:40.960>do <00:50:41.200>but 00:50:42.069 --> 00:50:42.079 align:start position:0% be pretty simple to do but 00:50:42.079 --> 00:50:45.430 align:start position:0% be pretty simple to do but I<00:50:43.079>that <00:50:43.400>dat <00:50:43.760>that <00:50:43.960>table <00:50:44.319>is <00:50:44.559>generated <00:50:45.160>by 00:50:45.430 --> 00:50:45.440 align:start position:0% I that dat that table is generated by 00:50:45.440 --> 00:50:48.030 align:start position:0% I that dat that table is generated by eforms<00:50:46.440>so <00:50:46.839>there <00:50:46.960>would <00:50:47.160>need <00:50:47.319>to <00:50:47.480>be <00:50:47.880>a 00:50:48.030 --> 00:50:48.040 align:start position:0% eforms so there would need to be a 00:50:48.040 --> 00:50:51.270 align:start position:0% eforms so there would need to be a modification<00:50:48.920>on <00:50:49.799>the <00:50:49.920>end <00:50:50.240>of <00:50:50.599>of <00:50:50.799>Virginia 00:50:51.270 --> 00:50:51.280 align:start position:0% modification on the end of of Virginia 00:50:51.280 --> 00:50:52.990 align:start position:0% modification on the end of of Virginia Department<00:50:51.599>of <00:50:51.760>energy <00:50:52.160>to <00:50:52.280>be <00:50:52.400>able <00:50:52.599>to <00:50:52.799>add 00:50:52.990 --> 00:50:53.000 align:start position:0% Department of energy to be able to add 00:50:53.000 --> 00:50:56.910 align:start position:0% Department of energy to be able to add in<00:50:53.400>the <00:50:53.839>date <00:50:54.839>um <00:50:55.680>that <00:50:55.920>those <00:50:56.160>funds <00:50:56.599>are 00:50:56.910 --> 00:50:56.920 align:start position:0% in the date um that those funds are 00:50:56.920 --> 00:50:58.190 align:start position:0% in the date um that those funds are accurate<00:50:57.400>as 00:50:58.190 --> 00:50:58.200 align:start position:0% accurate as 00:50:58.200 --> 00:51:00.789 align:start position:0% accurate as of<00:50:59.200>that <00:50:59.359>sounds <00:50:59.680>a <00:50:59.760>little <00:50:59.920>more <00:51:00.200>complicated 00:51:00.789 --> 00:51:00.799 align:start position:0% of that sounds a little more complicated 00:51:00.799 --> 00:51:03.190 align:start position:0% of that sounds a little more complicated than<00:51:00.960>just <00:51:01.119>sticking <00:51:01.440>a <00:51:01.559>number <00:51:01.880>in <00:51:02.200>there 00:51:03.190 --> 00:51:03.200 align:start position:0% than just sticking a number in there 00:51:03.200 --> 00:51:06.349 align:start position:0% than just sticking a number in there like<00:51:03.680>my <00:51:03.920>guest <00:51:04.359>though <00:51:04.799>ke <00:51:05.240>Kelly <00:51:06.040>and <00:51:06.240>and 00:51:06.349 --> 00:51:06.359 align:start position:0% like my guest though ke Kelly and and 00:51:06.359 --> 00:51:09.470 align:start position:0% like my guest though ke Kelly and and Sarah's<00:51:06.839>there <00:51:07.040>as <00:51:07.200>well <00:51:07.960>are <00:51:08.119>you <00:51:08.559>are <00:51:09.319>are 00:51:09.470 --> 00:51:09.480 align:start position:0% Sarah's there as well are you are are 00:51:09.480 --> 00:51:13.750 align:start position:0% Sarah's there as well are you are are you<00:51:09.720>working <00:51:10.440>off <00:51:11.400>of <00:51:12.400>look 00:51:13.750 --> 00:51:13.760 align:start position:0% you working off of look 00:51:13.760 --> 00:51:18.190 align:start position:0% you working off of look here<00:51:14.760>the <00:51:15.079>the <00:51:15.280>last <00:51:15.680>date <00:51:16.200>on <00:51:16.480>the <00:51:16.760>exhibit <00:51:17.200>J 00:51:18.190 --> 00:51:18.200 align:start position:0% here the the last date on the exhibit J 00:51:18.200 --> 00:51:23.710 align:start position:0% here the the last date on the exhibit J which<00:51:18.480>is <00:51:19.400>731 <00:51:20.760>2023 <00:51:21.760>that <00:51:22.040>that <00:51:22.240>is <00:51:22.720>the 00:51:23.710 --> 00:51:23.720 align:start position:0% which is 731 2023 that that is the 00:51:23.720 --> 00:51:26.750 align:start position:0% which is 731 2023 that that is the that's<00:51:24.040>the <00:51:24.319>the <00:51:24.520>last <00:51:24.880>date <00:51:25.640>that <00:51:25.920>was 00:51:26.750 --> 00:51:26.760 align:start position:0% that's the the last date that was 00:51:26.760 --> 00:51:29.549 align:start position:0% that's the the last date that was available<00:51:27.760>um <00:51:27.960>as <00:51:28.079>far <00:51:28.280>as <00:51:28.480>escrow <00:51:28.960>balances 00:51:29.549 --> 00:51:29.559 align:start position:0% available um as far as escrow balances 00:51:29.559 --> 00:51:32.109 align:start position:0% available um as far as escrow balances and<00:51:29.839>eforms <00:51:30.839>so <00:51:31.079>that <00:51:31.200>would <00:51:31.359>be <00:51:31.559>the <00:51:31.760>date 00:51:32.109 --> 00:51:32.119 align:start position:0% and eforms so that would be the date 00:51:32.119 --> 00:51:34.309 align:start position:0% and eforms so that would be the date that<00:51:32.359>these <00:51:32.920>percentages <00:51:33.760>and <00:51:33.960>dollar 00:51:34.309 --> 00:51:34.319 align:start position:0% that these percentages and dollar 00:51:34.319 --> 00:51:37.430 align:start position:0% that these percentages and dollar amounts<00:51:34.680>are <00:51:34.960>accurate <00:51:35.440>as <00:51:35.960>of <00:51:36.960>okay <00:51:37.160>if <00:51:37.240>you 00:51:37.430 --> 00:51:37.440 align:start position:0% amounts are accurate as of okay if you 00:51:37.440 --> 00:51:40.630 align:start position:0% amounts are accurate as of okay if you look<00:51:37.680>if <00:51:37.799>you <00:51:37.920>look <00:51:38.079>at <00:51:38.280>page <00:51:38.920>uh <00:51:39.040>19 <00:51:39.880>Mr 00:51:40.630 --> 00:51:40.640 align:start position:0% look if you look at page uh 19 Mr 00:51:40.640 --> 00:51:43.470 align:start position:0% look if you look at page uh 19 Mr chairman<00:51:41.640>at <00:51:41.799>the <00:51:42.040>at <00:51:42.119>the <00:51:42.280>bottom <00:51:42.640>there <00:51:43.319>it 00:51:43.470 --> 00:51:43.480 align:start position:0% chairman at the at the bottom there it 00:51:43.480 --> 00:51:47.069 align:start position:0% chairman at the at the bottom there it indicate<00:51:44.000>it <00:51:44.119>gives <00:51:44.319>a <00:51:44.520>balance <00:51:45.040>as <00:51:45.240>the <00:51:46.079>July 00:51:47.069 --> 00:51:47.079 align:start position:0% indicate it gives a balance as the July 00:51:47.079 --> 00:51:50.750 align:start position:0% indicate it gives a balance as the July the<00:51:47.319>July <00:51:47.920>2023 <00:51:48.920>first <00:51:49.400>bank <00:51:49.960>statement <00:51:50.640>and 00:51:50.750 --> 00:51:50.760 align:start position:0% the July 2023 first bank statement and 00:51:50.760 --> 00:51:52.789 align:start position:0% the July 2023 first bank statement and it<00:51:50.920>gives <00:51:51.119>that <00:51:51.319>balance <00:51:51.680>and <00:51:51.880>Kelly <00:51:52.240>is <00:51:52.319>it <00:51:52.720>is 00:51:52.789 --> 00:51:52.799 align:start position:0% it gives that balance and Kelly is it is 00:51:52.799 --> 00:51:54.950 align:start position:0% it gives that balance and Kelly is it is it<00:51:53.079>that <00:51:53.319>balance <00:51:53.799>that <00:51:53.960>you <00:51:54.160>use <00:51:54.480>to <00:51:54.680>apply 00:51:54.950 --> 00:51:54.960 align:start position:0% it that balance that you use to apply 00:51:54.960 --> 00:51:57.030 align:start position:0% it that balance that you use to apply the<00:51:55.079>percent <00:51:55.319>percentages <00:51:55.839>to <00:51:56.119>generate <00:51:56.559>the 00:51:57.030 --> 00:51:57.040 align:start position:0% the percent percentages to generate the 00:51:57.040 --> 00:51:59.829 align:start position:0% the percent percentages to generate the the<00:51:57.160>dollar <00:51:57.440>AMS <00:51:57.760>in <00:51:57.960>table <00:51:58.319>one <00:51:59.319>you <00:51:59.480>think 00:51:59.829 --> 00:51:59.839 align:start position:0% the dollar AMS in table one you think 00:51:59.839 --> 00:52:01.549 align:start position:0% the dollar AMS in table one you think that's<00:52:00.040>correct <00:52:00.520>because <00:52:01.040>because <00:52:01.240>at <00:52:01.359>the 00:52:01.549 --> 00:52:01.559 align:start position:0% that's correct because because at the 00:52:01.559 --> 00:52:03.549 align:start position:0% that's correct because because at the time<00:52:01.799>that <00:52:01.920>I <00:52:02.079>filed <00:52:02.480>this <00:52:02.680>petition <00:52:03.200>that <00:52:03.400>was 00:52:03.549 --> 00:52:03.559 align:start position:0% time that I filed this petition that was 00:52:03.559 --> 00:52:06.510 align:start position:0% time that I filed this petition that was the<00:52:03.720>most <00:52:04.559>current <00:52:05.559>escrow <00:52:06.160>account 00:52:06.510 --> 00:52:06.520 align:start position:0% the most current escrow account 00:52:06.520 --> 00:52:10.309 align:start position:0% the most current escrow account information<00:52:07.200>available <00:52:07.680>from <00:52:07.880>the <00:52:08.160>bank <00:52:09.319>okay 00:52:10.309 --> 00:52:10.319 align:start position:0% information available from the bank okay 00:52:10.319 --> 00:52:13.510 align:start position:0% information available from the bank okay Mr<00:52:10.640>chair <00:52:11.480>yes <00:52:11.720>since <00:52:12.119>then <00:52:12.839>um <00:52:13.000>First <00:52:13.240>Bank 00:52:13.510 --> 00:52:13.520 align:start position:0% Mr chair yes since then um First Bank 00:52:13.520 --> 00:52:16.230 align:start position:0% Mr chair yes since then um First Bank interests<00:52:14.280>recently <00:52:15.079>have <00:52:15.559>have <00:52:15.720>sent <00:52:15.960>in <00:52:16.119>the 00:52:16.230 --> 00:52:16.240 align:start position:0% interests recently have have sent in the 00:52:16.240 --> 00:52:19.390 align:start position:0% interests recently have have sent in the new<00:52:16.520>spreadsheet <00:52:17.319>so <00:52:18.280>we <00:52:18.480>have <00:52:18.720>the <00:52:19.040>spread 00:52:19.390 --> 00:52:19.400 align:start position:0% new spreadsheet so we have the spread 00:52:19.400 --> 00:52:22.549 align:start position:0% new spreadsheet so we have the spread sheets<00:52:19.720>through <00:52:20.000>October <00:52:20.559>now <00:52:20.960>but <00:52:21.680>but <00:52:22.319>and 00:52:22.549 --> 00:52:22.559 align:start position:0% sheets through October now but but and 00:52:22.559 --> 00:52:24.270 align:start position:0% sheets through October now but but and Kelly<00:52:22.920>submitted <00:52:23.480>it <00:52:23.760>they <00:52:23.880>weren't 00:52:24.270 --> 00:52:24.280 align:start position:0% Kelly submitted it they weren't 00:52:24.280 --> 00:52:26.870 align:start position:0% Kelly submitted it they weren't available<00:52:24.799>to <00:52:25.000>her <00:52:25.599>okay <00:52:26.160>so <00:52:26.440>we <00:52:26.640>just 00:52:26.870 --> 00:52:26.880 align:start position:0% available to her okay so we just 00:52:26.880 --> 00:52:28.309 align:start position:0% available to her okay so we just recently<00:52:27.359>got <00:52:27.559>them <00:52:27.720>so <00:52:27.920>everything's 00:52:28.309 --> 00:52:28.319 align:start position:0% recently got them so everything's 00:52:28.319 --> 00:52:30.750 align:start position:0% recently got them so everything's updated<00:52:28.960>now 00:52:30.750 --> 00:52:30.760 align:start position:0% updated now 00:52:30.760 --> 00:52:35.829 align:start position:0% updated now but<00:52:31.760>okay <00:52:32.559>should <00:52:32.760>be <00:52:33.079>okay <00:52:34.040>all <00:52:34.640>right <00:52:35.640>any 00:52:35.829 --> 00:52:35.839 align:start position:0% but okay should be okay all right any 00:52:35.839 --> 00:52:38.390 align:start position:0% but okay should be okay all right any other 00:52:38.390 --> 00:52:38.400 align:start position:0% 00:52:38.400 --> 00:52:41.390 align:start position:0% questions<00:52:39.400>anything <00:52:39.799>further <00:52:40.200>Mr <00:52:40.440>Schwarz 00:52:41.390 --> 00:52:41.400 align:start position:0% questions anything further Mr Schwarz 00:52:41.400 --> 00:52:43.589 align:start position:0% questions anything further Mr Schwarz not<00:52:41.599>on <00:52:41.839>this 00:52:43.589 --> 00:52:43.599 align:start position:0% not on this 00:52:43.599 --> 00:52:46.670 align:start position:0% not on this one<00:52:44.599>that <00:52:44.720>doesn't <00:52:45.000>sound 00:52:46.670 --> 00:52:46.680 align:start position:0% one that doesn't sound 00:52:46.680 --> 00:52:49.990 align:start position:0% one that doesn't sound good<00:52:47.680>board <00:52:47.960>operates <00:52:48.400>on <00:52:48.520>a 00:52:49.990 --> 00:52:50.000 align:start position:0% good board operates on a 00:52:50.000 --> 00:52:52.589 align:start position:0% good board operates on a motion<00:52:51.000>motion <00:52:51.280>to <00:52:51.480>approve <00:52:52.079>do <00:52:52.200>I <00:52:52.319>have <00:52:52.400>a 00:52:52.589 --> 00:52:52.599 align:start position:0% motion motion to approve do I have a 00:52:52.599 --> 00:52:55.829 align:start position:0% motion motion to approve do I have a second<00:52:53.760>second <00:52:54.760>have <00:52:54.920>motion <00:52:55.280>a <00:52:55.359>second <00:52:55.599>any 00:52:55.829 --> 00:52:55.839 align:start position:0% second second have motion a second any 00:52:55.839 --> 00:52:57.910 align:start position:0% second second have motion a second any discussion<00:52:56.760>M <00:52:57.040>Gilmore <00:52:57.359>will <00:52:57.440>you <00:52:57.559>follow <00:52:57.839>the 00:52:57.910 --> 00:52:57.920 align:start position:0% discussion M Gilmore will you follow the 00:52:57.920 --> 00:53:02.190 align:start position:0% discussion M Gilmore will you follow the board<00:52:58.280>please <00:52:58.920>Mrs <00:52:59.200>S <00:53:00.040>yes <00:53:00.400>Mr <00:53:00.720>Harris <00:53:01.520>yes <00:53:01.880>Mr 00:53:02.190 --> 00:53:02.200 align:start position:0% board please Mrs S yes Mr Harris yes Mr 00:53:02.200 --> 00:53:06.150 align:start position:0% board please Mrs S yes Mr Harris yes Mr R<00:53:02.960>yes <00:53:03.319>Mr <00:53:03.640>Jansen <00:53:04.520>yes <00:53:05.160>Mr 00:53:06.150 --> 00:53:06.160 align:start position:0% R yes Mr Jansen yes Mr 00:53:06.160 --> 00:53:08.870 align:start position:0% R yes Mr Jansen yes Mr Prather<00:53:07.160>yes <00:53:08.000>Mr 00:53:08.870 --> 00:53:08.880 align:start position:0% Prather yes Mr 00:53:08.880 --> 00:53:12.750 align:start position:0% Prather yes Mr Cochran 00:53:12.750 --> 00:53:12.760 align:start position:0% 00:53:12.760 --> 00:53:15.349 align:start position:0% yes<00:53:13.760>thank <00:53:13.960>you <00:53:14.319>Mr <00:53:14.520>schwarts <00:53:14.960>that <00:53:15.079>one <00:53:15.200>is 00:53:15.349 --> 00:53:15.359 align:start position:0% yes thank you Mr schwarts that one is 00:53:15.359 --> 00:53:17.589 align:start position:0% yes thank you Mr schwarts that one is approved<00:53:15.760>as <00:53:16.079>presented <00:53:17.079>thank <00:53:17.240>you <00:53:17.359>Mr 00:53:17.589 --> 00:53:17.599 align:start position:0% approved as presented thank you Mr 00:53:17.599 --> 00:53:20.349 align:start position:0% approved as presented thank you Mr chairman<00:53:18.520>next <00:53:18.720>we <00:53:18.880>have <00:53:19.040>doet <00:53:19.400>item <00:53:19.599>number 00:53:20.349 --> 00:53:20.359 align:start position:0% chairman next we have doet item number 00:53:20.359 --> 00:53:22.950 align:start position:0% chairman next we have doet item number petition<00:53:20.720>from <00:53:20.880>Pocahontas <00:53:21.720>gas <00:53:22.040>LLC <00:53:22.640>for 00:53:22.950 --> 00:53:22.960 align:start position:0% petition from Pocahontas gas LLC for 00:53:22.960 --> 00:53:25.230 align:start position:0% petition from Pocahontas gas LLC for disp<00:53:23.640>dispersements <00:53:24.240>of <00:53:24.400>escro <00:53:24.839>fund 00:53:25.230 --> 00:53:25.240 align:start position:0% disp dispersements of escro fund 00:53:25.240 --> 00:53:27.030 align:start position:0% disp dispersements of escro fund deposited<00:53:25.640>in <00:53:25.720>the <00:53:25.799>board's <00:53:26.119>escrow <00:53:26.559>agent 00:53:27.030 --> 00:53:27.040 align:start position:0% deposited in the board's escrow agent 00:53:27.040 --> 00:53:29.309 align:start position:0% deposited in the board's escrow agent tribal<00:53:27.440>to <00:53:27.680>track <00:53:27.960>two <00:53:28.599>and <00:53:28.720>a <00:53:28.880>portion <00:53:29.119>of 00:53:29.309 --> 00:53:29.319 align:start position:0% tribal to track two and a portion of 00:53:29.319 --> 00:53:30.230 align:start position:0% tribal to track two and a portion of track 00:53:30.230 --> 00:53:30.240 align:start position:0% track 00:53:30.240 --> 00:53:34.870 align:start position:0% track 13<00:53:31.240>this <00:53:31.520>is <00:53:31.839>docket <00:53:32.200>number <00:53:32.440>VG <00:53:32.839>o <00:53:33.280>99- 00:53:34.870 --> 00:53:34.880 align:start position:0% 13 this is docket number VG o 99- 00:53:34.880 --> 00:53:36.589 align:start position:0% 13 this is docket number VG o 99- 0518 00:53:36.589 --> 00:53:36.599 align:start position:0% 0518 00:53:36.599 --> 00:53:38.390 align:start position:0% 0518 0720 00:53:38.390 --> 00:53:38.400 align:start position:0% 0720 00:53:38.400 --> 00:53:41.710 align:start position:0% 0720 d02<00:53:39.400>all <00:53:39.640>parties <00:53:40.079>interested <00:53:40.520>please <00:53:40.799>come 00:53:41.710 --> 00:53:41.720 align:start position:0% d02 all parties interested please come 00:53:41.720 --> 00:53:44.950 align:start position:0% d02 all parties interested please come for<00:53:42.720>Mark <00:53:42.920>Schwarz <00:53:43.319>and <00:53:43.440>Kelly <00:53:43.720>Barry <00:53:44.599>you <00:53:44.720>may 00:53:44.950 --> 00:53:44.960 align:start position:0% for Mark Schwarz and Kelly Barry you may 00:53:44.960 --> 00:53:47.829 align:start position:0% for Mark Schwarz and Kelly Barry you may proceed<00:53:45.359>Mr <00:53:45.599>Schwarz <00:53:46.559>thank <00:53:46.720>you <00:53:46.880>sir <00:53:47.640>uh 00:53:47.829 --> 00:53:47.839 align:start position:0% proceed Mr Schwarz thank you sir uh 00:53:47.839 --> 00:53:48.990 align:start position:0% proceed Mr Schwarz thank you sir uh Kelly<00:53:48.160>I'm <00:53:48.240>going <00:53:48.359>to <00:53:48.480>remind <00:53:48.720>you <00:53:48.839>you're 00:53:48.990 --> 00:53:49.000 align:start position:0% Kelly I'm going to remind you you're 00:53:49.000 --> 00:53:50.390 align:start position:0% Kelly I'm going to remind you you're under<00:53:49.319>oath 00:53:50.390 --> 00:53:50.400 align:start position:0% under oath 00:53:50.400 --> 00:53:53.309 align:start position:0% under oath okay<00:53:51.400>yes <00:53:52.240>and <00:53:52.400>I'm <00:53:52.520>going <00:53:52.640>to <00:53:52.760>ask <00:53:52.920>you <00:53:53.119>to 00:53:53.309 --> 00:53:53.319 align:start position:0% okay yes and I'm going to ask you to 00:53:53.319 --> 00:53:56.630 align:start position:0% okay yes and I'm going to ask you to tell<00:53:53.520>us <00:53:53.640>your <00:53:53.799>name <00:53:54.160>again 00:53:56.630 --> 00:53:56.640 align:start position:0% tell us your name again 00:53:56.640 --> 00:53:59.750 align:start position:0% tell us your name again Kelly<00:53:57.000>Berry <00:53:57.920>and <00:53:58.040>are <00:53:58.200>you <00:53:58.480>appearing <00:53:59.480>do <00:53:59.599>you 00:53:59.750 --> 00:53:59.760 align:start position:0% Kelly Berry and are you appearing do you 00:53:59.760 --> 00:54:02.190 align:start position:0% Kelly Berry and are you appearing do you work<00:53:59.960>for <00:54:00.400>and <00:54:00.640>are <00:54:00.799>you <00:54:01.119>appearing <00:54:01.640>on <00:54:01.880>behalf 00:54:02.190 --> 00:54:02.200 align:start position:0% work for and are you appearing on behalf 00:54:02.200 --> 00:54:06.109 align:start position:0% work for and are you appearing on behalf of<00:54:02.400>Pocahontas <00:54:03.119>gas <00:54:03.839>LLC <00:54:04.839>with <00:54:05.119>regard <00:54:05.559>to <00:54:05.880>a 00:54:06.109 --> 00:54:06.119 align:start position:0% of Pocahontas gas LLC with regard to a 00:54:06.119 --> 00:54:08.870 align:start position:0% of Pocahontas gas LLC with regard to a petition<00:54:06.720>for <00:54:07.079>dispersement <00:54:07.960>pertaining <00:54:08.640>to 00:54:08.870 --> 00:54:08.880 align:start position:0% petition for dispersement pertaining to 00:54:08.880 --> 00:54:11.750 align:start position:0% petition for dispersement pertaining to unit<00:54:09.280>V <00:54:09.520>as <00:54:09.640>in <00:54:09.880>Victor 00:54:11.750 --> 00:54:11.760 align:start position:0% unit V as in Victor 00:54:11.760 --> 00:54:15.030 align:start position:0% unit V as in Victor 47<00:54:12.760>yes <00:54:13.760>and <00:54:13.960>what <00:54:14.119>tracks <00:54:14.559>does <00:54:14.839>this 00:54:15.030 --> 00:54:15.040 align:start position:0% 47 yes and what tracks does this 00:54:15.040 --> 00:54:18.430 align:start position:0% 47 yes and what tracks does this petition<00:54:15.480>pertain 00:54:18.430 --> 00:54:18.440 align:start position:0% 00:54:18.440 --> 00:54:21.349 align:start position:0% to<00:54:19.440>uh <00:54:19.640>we <00:54:19.760>are <00:54:20.040>requesting 00:54:21.349 --> 00:54:21.359 align:start position:0% to uh we are requesting 00:54:21.359 --> 00:54:24.069 align:start position:0% to uh we are requesting dispersement 00:54:24.069 --> 00:54:24.079 align:start position:0% dispersement 00:54:24.079 --> 00:54:25.589 align:start position:0% dispersement um 00:54:25.589 --> 00:54:25.599 align:start position:0% um 00:54:25.599 --> 00:54:29.990 align:start position:0% um for<00:54:26.599>all <00:54:27.240>the <00:54:27.640>remainder <00:54:28.280>in <00:54:28.520>escrow <00:54:29.440>of <00:54:29.640>track 00:54:29.990 --> 00:54:30.000 align:start position:0% for all the remainder in escrow of track 00:54:30.000 --> 00:54:33.990 align:start position:0% for all the remainder in escrow of track two<00:54:30.799>and <00:54:30.960>a <00:54:31.160>portion <00:54:31.520>of <00:54:31.720>track <00:54:32.359>13 <00:54:33.359>okay <00:54:33.880>and 00:54:33.990 --> 00:54:34.000 align:start position:0% two and a portion of track 13 okay and 00:54:34.000 --> 00:54:35.789 align:start position:0% two and a portion of track 13 okay and in<00:54:34.200>this <00:54:34.400>situation <00:54:34.920>though <00:54:35.119>since <00:54:35.319>there's <00:54:35.559>a 00:54:35.789 --> 00:54:35.799 align:start position:0% in this situation though since there's a 00:54:35.799 --> 00:54:42.670 align:start position:0% in this situation though since there's a little<00:54:36.079>bit <00:54:36.720>let <00:54:36.880>me <00:54:37.040>close <00:54:37.280>the <00:54:37.480>window 00:54:42.670 --> 00:54:42.680 align:start position:0% 00:54:42.680 --> 00:54:45.589 align:start position:0% here<00:54:43.680>and <00:54:43.920>in <00:54:44.160>in <00:54:44.359>this <00:54:44.599>instance <00:54:45.240>we <00:54:45.400>we're 00:54:45.589 --> 00:54:45.599 align:start position:0% here and in in this instance we we're 00:54:45.599 --> 00:54:47.510 align:start position:0% here and in in this instance we we're not<00:54:45.920>closing <00:54:46.400>the <00:54:46.559>escr <00:54:47.119>account <00:54:47.359>there's 00:54:47.510 --> 00:54:47.520 align:start position:0% not closing the escr account there's 00:54:47.520 --> 00:54:49.990 align:start position:0% not closing the escr account there's still<00:54:47.720>going <00:54:47.839>to <00:54:48.000>be <00:54:48.880>a <00:54:49.200>little <00:54:49.480>bit <00:54:49.640>of <00:54:49.799>the 00:54:49.990 --> 00:54:50.000 align:start position:0% still going to be a little bit of the 00:54:50.000 --> 00:54:53.030 align:start position:0% still going to be a little bit of the unit<00:54:50.520>percentage <00:54:51.040>wise <00:54:51.240>and <00:54:51.440>acreage <00:54:52.040>wise <00:54:52.599>in 00:54:53.030 --> 00:54:53.040 align:start position:0% unit percentage wise and acreage wise in 00:54:53.040 --> 00:54:56.470 align:start position:0% unit percentage wise and acreage wise in in<00:54:53.240>ESC <00:54:54.079>correct <00:54:55.319>that's 00:54:56.470 --> 00:54:56.480 align:start position:0% in ESC correct that's 00:54:56.480 --> 00:54:58.630 align:start position:0% in ESC correct that's correct 00:54:58.630 --> 00:54:58.640 align:start position:0% correct 00:54:58.640 --> 00:55:01.030 align:start position:0% correct [Music] 00:55:01.030 --> 00:55:01.040 align:start position:0% [Music] 00:55:01.040 --> 00:55:04.309 align:start position:0% [Music] uh<00:55:02.040>and <00:55:02.200>in <00:55:02.520>this <00:55:02.839>instance <00:55:03.480>we've <00:55:03.720>got <00:55:04.040>we're 00:55:04.309 --> 00:55:04.319 align:start position:0% uh and in this instance we've got we're 00:55:04.319 --> 00:55:08.349 align:start position:0% uh and in this instance we've got we're also<00:55:05.040>requesting <00:55:06.040>an <00:55:06.520>authorization <00:55:07.400>to <00:55:07.720>pay 00:55:08.349 --> 00:55:08.359 align:start position:0% also requesting an authorization to pay 00:55:08.359 --> 00:55:11.510 align:start position:0% also requesting an authorization to pay directly<00:55:09.359>uh <00:55:09.480>to <00:55:09.760>the <00:55:10.000>people <00:55:10.640>that <00:55:10.960>that <00:55:11.359>that 00:55:11.510 --> 00:55:11.520 align:start position:0% directly uh to the people that that that 00:55:11.520 --> 00:55:14.390 align:start position:0% directly uh to the people that that that are<00:55:11.920>are <00:55:12.720>exiting <00:55:13.160>the <00:55:13.319>escrow <00:55:13.880>account <00:55:14.240>at 00:55:14.390 --> 00:55:14.400 align:start position:0% are are exiting the escrow account at 00:55:14.400 --> 00:55:16.950 align:start position:0% are are exiting the escrow account at this<00:55:14.680>point <00:55:15.520>and <00:55:15.680>to <00:55:16.040>dismiss <00:55:16.480>Some <00:55:16.680>Coal 00:55:16.950 --> 00:55:16.960 align:start position:0% this point and to dismiss Some Coal 00:55:16.960 --> 00:55:18.470 align:start position:0% this point and to dismiss Some Coal owners<00:55:17.400>is <00:55:17.520>that 00:55:18.470 --> 00:55:18.480 align:start position:0% owners is that 00:55:18.480 --> 00:55:20.349 align:start position:0% owners is that correct 00:55:20.349 --> 00:55:20.359 align:start position:0% correct 00:55:20.359 --> 00:55:26.069 align:start position:0% correct yes<00:55:21.359>uh <00:55:21.599>and <00:55:21.880>and <00:55:22.119>like <00:55:23.079>like <00:55:23.280>in <00:55:23.440>the <00:55:23.839>prior <00:55:24.680>uh 00:55:26.069 --> 00:55:26.079 align:start position:0% yes uh and and like like in the prior uh 00:55:26.079 --> 00:55:28.109 align:start position:0% yes uh and and like like in the prior uh docket<00:55:26.559>item <00:55:26.880>that <00:55:27.000>we <00:55:27.200>just <00:55:27.520>just <00:55:27.760>talked 00:55:28.109 --> 00:55:28.119 align:start position:0% docket item that we just just talked 00:55:28.119 --> 00:55:32.470 align:start position:0% docket item that we just just talked about<00:55:28.720>at <00:55:29.039>page <00:55:29.640>two <00:55:30.640>of <00:55:30.920>of <00:55:31.160>your <00:55:32.000>uh 00:55:32.470 --> 00:55:32.480 align:start position:0% about at page two of of your uh 00:55:32.480 --> 00:55:35.430 align:start position:0% about at page two of of your uh application<00:55:33.480>page <00:55:33.680>two <00:55:33.920>of <00:55:34.079>the <00:55:34.240>you've 00:55:35.430 --> 00:55:35.440 align:start position:0% application page two of the PDF you've 00:55:35.440 --> 00:55:39.470 align:start position:0% application page two of the PDF you've set<00:55:35.799>forth <00:55:36.319>the <00:55:36.559>reasons <00:55:37.559>uh <00:55:37.839>why <00:55:38.839>uh <00:55:39.079>you <00:55:39.319>you 00:55:39.470 --> 00:55:39.480 align:start position:0% set forth the reasons uh why uh you you 00:55:39.480 --> 00:55:42.349 align:start position:0% set forth the reasons uh why uh you you are<00:55:39.799>in <00:55:40.599>in <00:55:40.839>in <00:55:41.039>front <00:55:41.240>of <00:55:41.359>the <00:55:41.480>board <00:55:41.760>today 00:55:42.349 --> 00:55:42.359 align:start position:0% are in in in front of the board today 00:55:42.359 --> 00:55:45.430 align:start position:0% are in in in front of the board today asking<00:55:42.680>for <00:55:43.079>dispersements <00:55:44.079>a <00:55:44.240>reason <00:55:44.680>a <00:55:45.240>is 00:55:45.430 --> 00:55:45.440 align:start position:0% asking for dispersements a reason a is 00:55:45.440 --> 00:55:47.829 align:start position:0% asking for dispersements a reason a is there<00:55:45.640>some <00:55:45.839>royalty <00:55:46.280>split <00:55:46.599>agreements 00:55:47.829 --> 00:55:47.839 align:start position:0% there some royalty split agreements 00:55:47.839 --> 00:55:51.069 align:start position:0% there some royalty split agreements correct<00:55:48.839>yes <00:55:49.720>and <00:55:49.880>the <00:55:50.079>second <00:55:50.359>reason <00:55:50.720>is <00:55:50.920>we 00:55:51.069 --> 00:55:51.079 align:start position:0% correct yes and the second reason is we 00:55:51.079 --> 00:55:53.789 align:start position:0% correct yes and the second reason is we have<00:55:51.200>some <00:55:51.400>gas <00:55:51.760>claimants <00:55:52.359>under <00:55:52.760>the <00:55:53.680>uh 00:55:53.789 --> 00:55:53.799 align:start position:0% have some gas claimants under the uh 00:55:53.799 --> 00:55:56.750 align:start position:0% have some gas claimants under the uh under<00:55:54.079>the <00:55:54.280>law <00:55:54.839>and <00:55:55.079>and <00:55:55.440>and <00:55:56.000>uh <00:55:56.319>and <00:55:56.480>we've 00:55:56.750 --> 00:55:56.760 align:start position:0% under the law and and and uh and we've 00:55:56.760 --> 00:56:00.349 align:start position:0% under the law and and and uh and we've noticed<00:55:57.520>uh <00:55:57.880>the <00:55:58.359>the <00:55:58.880>uh <00:55:59.280>the <00:55:59.480>co-owners <00:56:00.079>are 00:56:00.349 --> 00:56:00.359 align:start position:0% noticed uh the the uh the co-owners are 00:56:00.359 --> 00:56:03.309 align:start position:0% noticed uh the the uh the co-owners are conflicting<00:56:01.000>claimants <00:56:02.000>and <00:56:02.200>they <00:56:02.400>have <00:56:02.640>not 00:56:03.309 --> 00:56:03.319 align:start position:0% conflicting claimants and they have not 00:56:03.319 --> 00:56:06.870 align:start position:0% conflicting claimants and they have not provided<00:56:03.880>written <00:56:04.480>proof <00:56:05.480>of <00:56:05.799>of <00:56:06.480>valid 00:56:06.870 --> 00:56:06.880 align:start position:0% provided written proof of of valid 00:56:06.880 --> 00:56:09.589 align:start position:0% provided written proof of of valid claims<00:56:07.359>so <00:56:07.599>the <00:56:07.799>gas <00:56:08.079>claims <00:56:08.920>Prevail <00:56:09.319>under 00:56:09.589 --> 00:56:09.599 align:start position:0% claims so the gas claims Prevail under 00:56:09.599 --> 00:56:12.950 align:start position:0% claims so the gas claims Prevail under the<00:56:09.960>law <00:56:10.960>uh <00:56:11.200>uh <00:56:11.400>you've <00:56:11.680>also <00:56:11.960>indicated <00:56:12.480>that 00:56:12.950 --> 00:56:12.960 align:start position:0% the law uh uh you've also indicated that 00:56:12.960 --> 00:56:15.109 align:start position:0% the law uh uh you've also indicated that the<00:56:13.079>board <00:56:13.359>has <00:56:13.599>already <00:56:14.079>dismissed <00:56:14.799>uh 00:56:15.109 --> 00:56:15.119 align:start position:0% the board has already dismissed uh 00:56:15.119 --> 00:56:18.349 align:start position:0% the board has already dismissed uh co-owners<00:56:16.119>uh <00:56:16.280>that's <00:56:16.640>section <00:56:17.039>c <00:56:17.480>on <00:56:17.799>page 00:56:18.349 --> 00:56:18.359 align:start position:0% co-owners uh that's section c on page 00:56:18.359 --> 00:56:23.029 align:start position:0% co-owners uh that's section c on page two<00:56:19.359>uh <00:56:19.680>but <00:56:19.799>is <00:56:19.920>that <00:56:20.319>a <00:56:20.520>fair <00:56:21.520>Summary <00:56:22.280>of <00:56:22.880>why 00:56:23.029 --> 00:56:23.039 align:start position:0% two uh but is that a fair Summary of why 00:56:23.039 --> 00:56:25.710 align:start position:0% two uh but is that a fair Summary of why we're<00:56:23.200>in <00:56:23.319>front <00:56:23.480>of <00:56:23.599>the <00:56:23.680>board <00:56:23.960>today 00:56:25.710 --> 00:56:25.720 align:start position:0% we're in front of the board today 00:56:25.720 --> 00:56:28.990 align:start position:0% we're in front of the board today yes<00:56:26.640>okay <00:56:27.119>and <00:56:27.280>then <00:56:27.559>once <00:56:27.839>again <00:56:28.240>have <00:56:28.400>you 00:56:28.990 --> 00:56:29.000 align:start position:0% yes okay and then once again have you 00:56:29.000 --> 00:56:32.150 align:start position:0% yes okay and then once again have you provided<00:56:30.000>another <00:56:30.480>table <00:56:30.880>one 00:56:32.150 --> 00:56:32.160 align:start position:0% provided another table one 00:56:32.160 --> 00:56:35.829 align:start position:0% provided another table one here<00:56:33.200>yes <00:56:34.200>okay <00:56:34.400>in <00:56:34.640>table 00:56:35.829 --> 00:56:35.839 align:start position:0% here yes okay in table 00:56:35.839 --> 00:56:40.789 align:start position:0% here yes okay in table one<00:56:36.839>uh <00:56:37.359>is <00:56:37.559>at <00:56:37.880>pages <00:56:39.119>eight <00:56:39.520>and 00:56:40.789 --> 00:56:40.799 align:start position:0% one uh is at PDF pages eight and 00:56:40.799 --> 00:56:45.829 align:start position:0% one uh is at PDF pages eight and nine<00:56:41.799>uh <00:56:42.480>and <00:56:42.720>once <00:56:42.960>again <00:56:43.200>I <00:56:43.400>ask <00:56:43.799>if 00:56:45.829 --> 00:56:45.839 align:start position:0% nine uh and once again I ask if 00:56:45.839 --> 00:56:50.710 align:start position:0% nine uh and once again I ask if uh<00:56:46.839>this <00:56:47.000>is <00:56:47.400>a <00:56:48.119>percentage <00:56:48.640>table <00:56:49.200>or <00:56:49.559>a <00:56:50.039>a <00:56:50.559>a 00:56:50.710 --> 00:56:50.720 align:start position:0% uh this is a percentage table or a a a 00:56:50.720 --> 00:56:51.950 align:start position:0% uh this is a percentage table or a a a dollar<00:56:51.000>certain 00:56:51.950 --> 00:56:51.960 align:start position:0% dollar certain 00:56:51.960 --> 00:56:56.309 align:start position:0% dollar certain table<00:56:52.960>a <00:56:53.200>percentage <00:56:53.880>table <00:56:55.160>okay <00:56:55.799>and <00:56:56.039>once 00:56:56.309 --> 00:56:56.319 align:start position:0% table a percentage table okay and once 00:56:56.319 --> 00:57:00.069 align:start position:0% table a percentage table okay and once again<00:56:56.799>then <00:56:57.680>uh <00:56:57.880>when <00:56:58.160>the <00:56:58.680>when <00:56:58.920>the <00:56:59.480>escrow 00:57:00.069 --> 00:57:00.079 align:start position:0% again then uh when the when the escrow 00:57:00.079 --> 00:57:02.309 align:start position:0% again then uh when the when the escrow agent<00:57:00.799>act <00:57:01.000>if <00:57:01.160>this <00:57:01.280>is <00:57:01.520>approved <00:57:02.039>when <00:57:02.200>the 00:57:02.309 --> 00:57:02.319 align:start position:0% agent act if this is approved when the 00:57:02.319 --> 00:57:05.670 align:start position:0% agent act if this is approved when the escro<00:57:02.760>agent <00:57:03.160>goes <00:57:03.480>to <00:57:04.280>uh <00:57:04.440>cut <00:57:04.680>the <00:57:04.880>checks <00:57:05.559>uh 00:57:05.670 --> 00:57:05.680 align:start position:0% escro agent goes to uh cut the checks uh 00:57:05.680 --> 00:57:09.109 align:start position:0% escro agent goes to uh cut the checks uh to<00:57:05.880>the <00:57:06.119>various <00:57:06.920>uh <00:57:07.359>owners <00:57:08.359>uh <00:57:08.720>should <00:57:08.960>the 00:57:09.109 --> 00:57:09.119 align:start position:0% to the various uh owners uh should the 00:57:09.119 --> 00:57:11.510 align:start position:0% to the various uh owners uh should the escrow<00:57:09.640>agent <00:57:09.960>use <00:57:10.240>the <00:57:10.480>percentage <00:57:11.160>in <00:57:11.319>the 00:57:11.510 --> 00:57:11.520 align:start position:0% escrow agent use the percentage in the 00:57:11.520 --> 00:57:14.470 align:start position:0% escrow agent use the percentage in the second<00:57:12.000>column <00:57:12.520>from <00:57:13.280>the <00:57:13.520>right <00:57:13.839>hand <00:57:14.240>side 00:57:14.470 --> 00:57:14.480 align:start position:0% second column from the right hand side 00:57:14.480 --> 00:57:17.430 align:start position:0% second column from the right hand side of<00:57:14.799>the <00:57:15.119>the <00:57:15.599>table <00:57:16.599>multiply <00:57:17.200>that 00:57:17.430 --> 00:57:17.440 align:start position:0% of the the table multiply that 00:57:17.440 --> 00:57:19.990 align:start position:0% of the the table multiply that percentage<00:57:18.039>times <00:57:18.480>the <00:57:18.680>then <00:57:19.119>balance <00:57:19.640>on 00:57:19.990 --> 00:57:20.000 align:start position:0% percentage times the then balance on 00:57:20.000 --> 00:57:22.670 align:start position:0% percentage times the then balance on hand<00:57:20.520>and <00:57:20.680>then <00:57:20.960>that <00:57:21.119>will <00:57:21.440>result <00:57:21.920>in <00:57:22.240>in <00:57:22.400>the 00:57:22.670 --> 00:57:22.680 align:start position:0% hand and then that will result in in the 00:57:22.680 --> 00:57:24.870 align:start position:0% hand and then that will result in in the correct<00:57:23.119>royalty <00:57:23.720>number <00:57:24.119>is <00:57:24.240>that <00:57:24.480>is <00:57:24.599>that 00:57:24.870 --> 00:57:24.880 align:start position:0% correct royalty number is that is that 00:57:24.880 --> 00:57:26.549 align:start position:0% correct royalty number is that is that what<00:57:24.960>the <00:57:25.079>escavation <00:57:25.640>should 00:57:26.549 --> 00:57:26.559 align:start position:0% what the escavation should 00:57:26.559 --> 00:57:33.230 align:start position:0% what the escavation should do<00:57:27.559>yes <00:57:28.760>okay <00:57:29.760>uh <00:57:30.400>and <00:57:30.920>have <00:57:31.160>you <00:57:32.160>uh <00:57:32.400>provided 00:57:33.230 --> 00:57:33.240 align:start position:0% do yes okay uh and have you uh provided 00:57:33.240 --> 00:57:37.230 align:start position:0% do yes okay uh and have you uh provided the<00:57:33.480>name <00:57:34.039>of <00:57:34.359>every <00:57:35.240>uh <00:57:35.599>proposed <00:57:36.599>recipient 00:57:37.230 --> 00:57:37.240 align:start position:0% the name of every uh proposed recipient 00:57:37.240 --> 00:57:39.750 align:start position:0% the name of every uh proposed recipient of<00:57:37.400>the <00:57:37.640>Distribution <00:57:38.480>on <00:57:38.760>table 00:57:39.750 --> 00:57:39.760 align:start position:0% of the Distribution on table 00:57:39.760 --> 00:57:42.549 align:start position:0% of the Distribution on table one<00:57:40.760>yes <00:57:41.559>and <00:57:41.680>to <00:57:41.839>the <00:57:41.960>best <00:57:42.160>of <00:57:42.319>your 00:57:42.549 --> 00:57:42.559 align:start position:0% one yes and to the best of your 00:57:42.559 --> 00:57:46.630 align:start position:0% one yes and to the best of your knowledge<00:57:43.000>have <00:57:43.160>you <00:57:43.440>provided <00:57:44.319>a <00:57:45.480>um <00:57:46.480>a 00:57:46.630 --> 00:57:46.640 align:start position:0% knowledge have you provided a um a 00:57:46.640 --> 00:57:48.670 align:start position:0% knowledge have you provided a um a correct<00:57:47.119>address <00:57:47.520>for <00:57:47.760>those 00:57:48.670 --> 00:57:48.680 align:start position:0% correct address for those 00:57:48.680 --> 00:57:51.870 align:start position:0% correct address for those people<00:57:49.680>yes <00:57:50.640>and <00:57:50.799>what <00:57:50.880>did <00:57:51.039>you <00:57:51.200>do <00:57:51.440>to <00:57:51.640>let 00:57:51.870 --> 00:57:51.880 align:start position:0% people yes and what did you do to let 00:57:51.880 --> 00:57:53.390 align:start position:0% people yes and what did you do to let these<00:57:52.119>folks <00:57:52.440>know <00:57:52.680>we <00:57:52.799>were <00:57:52.920>going <00:57:53.000>to <00:57:53.160>have <00:57:53.280>a 00:57:53.390 --> 00:57:53.400 align:start position:0% these folks know we were going to have a 00:57:53.400 --> 00:57:56.230 align:start position:0% these folks know we were going to have a hearing<00:57:53.839>today 00:57:56.230 --> 00:57:56.240 align:start position:0% hearing today 00:57:56.240 --> 00:57:59.430 align:start position:0% hearing today we<00:57:56.520>mailed <00:57:57.000>a <00:57:57.280>copy <00:57:57.799>of <00:57:58.039>the <00:57:58.240>petition <00:57:59.160>by 00:57:59.430 --> 00:57:59.440 align:start position:0% we mailed a copy of the petition by 00:57:59.440 --> 00:58:01.470 align:start position:0% we mailed a copy of the petition by certified<00:58:00.000>with <00:58:00.640>returned <00:58:00.880>receipt 00:58:01.470 --> 00:58:01.480 align:start position:0% certified mail with returned receipt 00:58:01.480 --> 00:58:05.029 align:start position:0% certified mail with returned receipt requested<00:58:02.680>okay <00:58:03.680>uh <00:58:04.079>and <00:58:04.240>then <00:58:04.400>at <00:58:04.559>the <00:58:04.720>bottom 00:58:05.029 --> 00:58:05.039 align:start position:0% requested okay uh and then at the bottom 00:58:05.039 --> 00:58:08.710 align:start position:0% requested okay uh and then at the bottom of<00:58:05.280>table <00:58:06.240>uh <00:58:06.760>table <00:58:07.160>one <00:58:07.440>you <00:58:07.839>provided <00:58:08.400>as <00:58:08.640>as 00:58:08.710 --> 00:58:08.720 align:start position:0% of table uh table one you provided as as 00:58:08.720 --> 00:58:11.750 align:start position:0% of table uh table one you provided as as is<00:58:09.000>customary <00:58:09.839>the <00:58:10.440>the <00:58:10.799>the <00:58:11.000>source <00:58:11.359>of <00:58:11.559>the 00:58:11.750 --> 00:58:11.760 align:start position:0% is customary the the the source of the 00:58:11.760 --> 00:58:13.910 align:start position:0% is customary the the the source of the production<00:58:12.480>the <00:58:12.640>wells <00:58:12.960>that <00:58:13.200>contributed <00:58:13.760>to 00:58:13.910 --> 00:58:13.920 align:start position:0% production the wells that contributed to 00:58:13.920 --> 00:58:15.510 align:start position:0% production the wells that contributed to the<00:58:14.039>escr <00:58:14.559>account 00:58:15.510 --> 00:58:15.520 align:start position:0% the escr account 00:58:15.520 --> 00:58:17.630 align:start position:0% the escr account right 00:58:17.630 --> 00:58:17.640 align:start position:0% right 00:58:17.640 --> 00:58:20.470 align:start position:0% right yes<00:58:18.640>and <00:58:18.839>then <00:58:19.039>in <00:58:19.160>the <00:58:19.280>event <00:58:19.640>this <00:58:20.119>uh <00:58:20.280>is 00:58:20.470 --> 00:58:20.480 align:start position:0% yes and then in the event this uh is 00:58:20.480 --> 00:58:22.950 align:start position:0% yes and then in the event this uh is approved<00:58:21.079>obviously <00:58:21.559>the <00:58:21.880>people <00:58:22.200>in 00:58:22.950 --> 00:58:22.960 align:start position:0% approved obviously the people in 00:58:22.960 --> 00:58:26.309 align:start position:0% approved obviously the people in escrow<00:58:23.960>uh <00:58:24.440>are <00:58:24.799>are <00:58:25.000>going <00:58:25.280>to <00:58:25.440>change <00:58:25.799>so <00:58:26.000>you 00:58:26.309 --> 00:58:26.319 align:start position:0% escrow uh are are going to change so you 00:58:26.319 --> 00:58:28.710 align:start position:0% escrow uh are are going to change so you provided<00:58:26.960>a <00:58:27.160>revised <00:58:27.680>exhibit <00:58:28.119>e <00:58:28.559>which 00:58:28.710 --> 00:58:28.720 align:start position:0% provided a revised exhibit e which 00:58:28.720 --> 00:58:32.230 align:start position:0% provided a revised exhibit e which starts<00:58:29.160>at <00:58:29.559>page <00:58:30.480>PF <00:58:30.960>page <00:58:31.160>10 00:58:32.230 --> 00:58:32.240 align:start position:0% starts at page PF page 10 00:58:32.240 --> 00:58:34.270 align:start position:0% starts at page PF page 10 correct 00:58:34.270 --> 00:58:34.280 align:start position:0% correct 00:58:34.280 --> 00:58:38.910 align:start position:0% correct yes<00:58:35.280>it <00:58:35.480>continues <00:58:36.160>for <00:58:36.599>some 00:58:38.910 --> 00:58:38.920 align:start position:0% yes it continues for some 00:58:38.920 --> 00:58:42.750 align:start position:0% yes it continues for some time<00:58:39.920>yes <00:58:40.039>it 00:58:42.750 --> 00:58:42.760 align:start position:0% 00:58:42.760 --> 00:58:48.230 align:start position:0% does<00:58:43.760>p <00:58:44.160>page 00:58:48.230 --> 00:58:48.240 align:start position:0% 00:58:48.240 --> 00:58:52.069 align:start position:0% 24<00:58:49.240>yeah <00:58:49.920>and <00:58:50.160>let's <00:58:50.319>go <00:58:50.480>to <00:58:50.880>page <00:58:51.119>24 <00:58:51.599>for <00:58:51.799>a 00:58:52.069 --> 00:58:52.079 align:start position:0% 24 yeah and let's go to page 24 for a 00:58:52.079 --> 00:58:55.670 align:start position:0% 24 yeah and let's go to page 24 for a moment<00:58:52.920>just <00:58:53.079>to <00:58:53.319>kind <00:58:53.480>of <00:58:54.079>uh <00:58:54.760>summarize <00:58:55.280>the 00:58:55.670 --> 00:58:55.680 align:start position:0% moment just to kind of uh summarize the 00:58:55.680 --> 00:58:57.309 align:start position:0% moment just to kind of uh summarize the progress<00:58:56.039>that <00:58:56.200>you <00:58:56.319>all <00:58:56.520>have <00:58:56.680>made <00:58:56.960>in <00:58:57.079>terms 00:58:57.309 --> 00:58:57.319 align:start position:0% progress that you all have made in terms 00:58:57.319 --> 00:59:00.390 align:start position:0% progress that you all have made in terms of<00:58:57.680>reducing <00:58:58.400>the <00:58:59.160>the <00:58:59.280>number <00:58:59.559>of <00:58:59.720>people <00:59:00.000>in 00:59:00.390 --> 00:59:00.400 align:start position:0% of reducing the the number of people in 00:59:00.400 --> 00:59:03.309 align:start position:0% of reducing the the number of people in acres<00:59:00.760>in <00:59:01.079>escrow <00:59:02.079>uh <00:59:02.280>what's <00:59:02.599>what <00:59:02.799>is <00:59:03.039>in <00:59:03.160>the 00:59:03.309 --> 00:59:03.319 align:start position:0% acres in escrow uh what's what is in the 00:59:03.319 --> 00:59:06.630 align:start position:0% acres in escrow uh what's what is in the event<00:59:03.559>that <00:59:03.720>this <00:59:04.319>uh <00:59:05.079>petition's <00:59:05.720>approved 00:59:06.630 --> 00:59:06.640 align:start position:0% event that this uh petition's approved 00:59:06.640 --> 00:59:08.789 align:start position:0% event that this uh petition's approved what<00:59:06.920>what <00:59:07.039>is <00:59:07.200>the <00:59:07.440>total <00:59:08.000>total <00:59:08.359>acreage 00:59:08.789 --> 00:59:08.799 align:start position:0% what what is the total total acreage 00:59:08.799 --> 00:59:11.309 align:start position:0% what what is the total total acreage that's<00:59:08.960>going <00:59:09.079>to <00:59:09.200>be <00:59:09.359>in <00:59:09.599>conflict <00:59:10.039>or <00:59:10.200>in 00:59:11.309 --> 00:59:11.319 align:start position:0% that's going to be in conflict or in 00:59:11.319 --> 00:59:14.950 align:start position:0% that's going to be in conflict or in escrow 00:59:14.950 --> 00:59:14.960 align:start position:0% 00:59:14.960 --> 00:59:17.390 align:start position:0% 0.938<00:59:15.960>so <00:59:16.319>less <00:59:16.480>than <00:59:16.640>an 00:59:17.390 --> 00:59:17.400 align:start position:0% 0.938 so less than an 00:59:17.400 --> 00:59:20.670 align:start position:0% 0.938 so less than an acre<00:59:18.400>yes <00:59:19.039>and <00:59:19.200>as <00:59:19.280>a <00:59:19.520>percentage <00:59:19.960>of <00:59:20.160>the <00:59:20.280>unit 00:59:20.670 --> 00:59:20.680 align:start position:0% acre yes and as a percentage of the unit 00:59:20.680 --> 00:59:22.390 align:start position:0% acre yes and as a percentage of the unit what<00:59:20.839>percent <00:59:21.160>would <00:59:21.319>that 00:59:22.390 --> 00:59:22.400 align:start position:0% what percent would that 00:59:22.400 --> 00:59:26.270 align:start position:0% what percent would that be<00:59:23.640>1.29 00:59:26.270 --> 00:59:26.280 align:start position:0% be 1.29 00:59:26.280 --> 00:59:30.510 align:start position:0% be 1.29 8%<00:59:27.280>and <00:59:27.440>then <00:59:27.839>also <00:59:28.400>if <00:59:28.640>the <00:59:29.039>uh <00:59:30.039>application 00:59:30.510 --> 00:59:30.520 align:start position:0% 8% and then also if the uh application 00:59:30.520 --> 00:59:32.349 align:start position:0% 8% and then also if the uh application or<00:59:30.799>petition <00:59:31.119>is <00:59:31.359>approved <00:59:31.880>we're <00:59:32.079>going <00:59:32.160>to 00:59:32.349 --> 00:59:32.359 align:start position:0% or petition is approved we're going to 00:59:32.359 --> 00:59:34.349 align:start position:0% or petition is approved we're going to we're<00:59:32.480>going <00:59:32.599>to <00:59:33.079>to <00:59:33.240>be <00:59:33.440>changing <00:59:33.960>the <00:59:34.119>people 00:59:34.349 --> 00:59:34.359 align:start position:0% we're going to to be changing the people 00:59:34.359 --> 00:59:37.270 align:start position:0% we're going to to be changing the people that<00:59:34.520>we <00:59:34.640>are <00:59:34.880>able <00:59:35.079>to <00:59:35.280>pay <00:59:35.839>directly <00:59:36.839>so <00:59:37.079>have 00:59:37.270 --> 00:59:37.280 align:start position:0% that we are able to pay directly so have 00:59:37.280 --> 00:59:39.750 align:start position:0% that we are able to pay directly so have you<00:59:37.520>provided <00:59:38.240>starting <00:59:38.799>at 00:59:39.750 --> 00:59:39.760 align:start position:0% you provided starting at 00:59:39.760 --> 00:59:44.230 align:start position:0% you provided starting at page<00:59:40.760>uh <00:59:40.920>25 <00:59:41.640>page <00:59:42.359>25 <00:59:43.039>a <00:59:43.280>revised <00:59:43.799>exhibit 00:59:44.230 --> 00:59:44.240 align:start position:0% page uh 25 PDF page 25 a revised exhibit 00:59:44.240 --> 00:59:46.950 align:start position:0% page uh 25 PDF page 25 a revised exhibit e<00:59:44.799>which <00:59:44.920>is <00:59:45.039>the <00:59:45.240>payment <00:59:45.599>plan <00:59:45.880>going 00:59:46.950 --> 00:59:46.960 align:start position:0% e which is the payment plan going 00:59:46.960 --> 00:59:50.670 align:start position:0% e which is the payment plan going forward 00:59:50.670 --> 00:59:50.680 align:start position:0% 00:59:50.680 --> 00:59:54.670 align:start position:0% yes<00:59:51.680>down <00:59:52.160>to <00:59:52.599>I <00:59:52.680>think <00:59:52.960>exhibit <00:59:53.440>J <00:59:54.240>which 00:59:54.670 --> 00:59:54.680 align:start position:0% yes down to I think exhibit J which 00:59:54.680 --> 00:59:57.309 align:start position:0% yes down to I think exhibit J which starts 00:59:57.309 --> 00:59:57.319 align:start position:0% starts 00:59:57.319 --> 01:00:02.630 align:start position:0% starts at<00:59:58.319>page <00:59:59.200>59 <01:00:00.079>of <01:00:00.240>the 01:00:02.630 --> 01:00:02.640 align:start position:0% 01:00:02.640 --> 01:00:06.910 align:start position:0% PDF<01:00:03.640>we <01:00:03.839>just <01:00:04.000>spoke <01:00:04.440>about <01:00:05.400>um <01:00:06.400>what <01:00:06.559>you <01:00:06.760>do 01:00:06.910 --> 01:00:06.920 align:start position:0% PDF we just spoke about um what you do 01:00:06.920 --> 01:00:10.990 align:start position:0% PDF we just spoke about um what you do to<01:00:07.119>prepare <01:00:07.599>this <01:00:07.799>in <01:00:08.000>the <01:00:08.240>prior <01:00:09.319>uh 01:00:10.990 --> 01:00:11.000 align:start position:0% to prepare this in the prior uh 01:00:11.000 --> 01:00:13.950 align:start position:0% to prepare this in the prior uh um<01:00:12.000>in <01:00:12.160>your <01:00:12.359>prior <01:00:12.720>testimony <01:00:13.359>on <01:00:13.680>on <01:00:13.799>the 01:00:13.950 --> 01:00:13.960 align:start position:0% um in your prior testimony on on the 01:00:13.960 --> 01:00:16.750 align:start position:0% um in your prior testimony on on the previous<01:00:14.480>case <01:00:14.880>but <01:00:15.160>in <01:00:15.640>in <01:00:15.920>essence <01:00:16.520>what <01:00:16.640>you 01:00:16.750 --> 01:00:16.760 align:start position:0% previous case but in in essence what you 01:00:16.760 --> 01:00:20.349 align:start position:0% previous case but in in essence what you do<01:00:17.000>is <01:00:17.160>you <01:00:17.520>you <01:00:17.920>accumulate <01:00:18.520>the <01:00:19.039>deposit <01:00:20.039>uh 01:00:20.349 --> 01:00:20.359 align:start position:0% do is you you accumulate the deposit uh 01:00:20.359 --> 01:00:22.549 align:start position:0% do is you you accumulate the deposit uh I'm<01:00:20.480>sorry <01:00:20.760>you <01:00:21.000>accumulate <01:00:21.720>the <01:00:21.960>checks <01:00:22.400>that 01:00:22.549 --> 01:00:22.559 align:start position:0% I'm sorry you accumulate the checks that 01:00:22.559 --> 01:00:25.670 align:start position:0% I'm sorry you accumulate the checks that the<01:00:22.720>operator <01:00:23.200>has <01:00:23.559>paid <01:00:24.680>and <01:00:24.839>you <01:00:25.119>compare 01:00:25.670 --> 01:00:25.680 align:start position:0% the operator has paid and you compare 01:00:25.680 --> 01:00:28.910 align:start position:0% the operator has paid and you compare the<01:00:25.880>checks <01:00:26.359>paid <01:00:26.720>to <01:00:26.920>the <01:00:27.160>deposits <01:00:27.839>made <01:00:28.799>and 01:00:28.910 --> 01:00:28.920 align:start position:0% the checks paid to the deposits made and 01:00:28.920 --> 01:00:32.069 align:start position:0% the checks paid to the deposits made and you<01:00:29.119>look <01:00:29.359>for <01:00:29.640>differences <01:00:30.839>right <01:00:31.839>that's 01:00:32.069 --> 01:00:32.079 align:start position:0% you look for differences right that's 01:00:32.079 --> 01:00:34.430 align:start position:0% you look for differences right that's correct<01:00:32.799>and <01:00:33.039>we've <01:00:33.319>got <01:00:33.599>a 01:00:34.430 --> 01:00:34.440 align:start position:0% correct and we've got a 01:00:34.440 --> 01:00:39.470 align:start position:0% correct and we've got a deposit<01:00:35.440>uh <01:00:35.920>on <01:00:36.240>September <01:00:36.960>30th <01:00:37.960>uh <01:00:38.559>2001 <01:00:39.319>it 01:00:39.470 --> 01:00:39.480 align:start position:0% deposit uh on September 30th uh 2001 it 01:00:39.480 --> 01:00:42.190 align:start position:0% deposit uh on September 30th uh 2001 it looks<01:00:39.760>like <01:00:40.400>uh <01:00:40.799>which <01:00:41.000>does <01:00:41.240>not <01:00:41.520>relate <01:00:41.880>to <01:00:42.039>a 01:00:42.190 --> 01:00:42.200 align:start position:0% looks like uh which does not relate to a 01:00:42.200 --> 01:00:44.109 align:start position:0% looks like uh which does not relate to a check<01:00:42.440>that <01:00:42.599>was <01:00:42.760>issued <01:00:43.200>so <01:00:43.480>we <01:00:43.640>we <01:00:43.760>have <01:00:43.920>no 01:00:44.109 --> 01:00:44.119 align:start position:0% check that was issued so we we have no 01:00:44.119 --> 01:00:45.870 align:start position:0% check that was issued so we we have no idea<01:00:44.440>what <01:00:44.599>happened <01:00:44.920>there 01:00:45.870 --> 01:00:45.880 align:start position:0% idea what happened there 01:00:45.880 --> 01:00:50.710 align:start position:0% idea what happened there right<01:00:46.880>right <01:00:47.880>okay <01:00:48.680>and <01:00:48.839>then <01:00:49.000>as <01:00:49.200>we <01:00:49.599>go <01:00:49.960>down 01:00:50.710 --> 01:00:50.720 align:start position:0% right right okay and then as we go down 01:00:50.720 --> 01:00:53.630 align:start position:0% right right okay and then as we go down when<01:00:50.799>we <01:00:50.960>get <01:00:51.079>to <01:00:51.240>page <01:00:52.000>60 <01:00:52.920>you <01:00:53.160>have <01:00:53.359>some 01:00:53.630 --> 01:00:53.640 align:start position:0% when we get to PDF page 60 you have some 01:00:53.640 --> 01:00:55.109 align:start position:0% when we get to PDF page 60 you have some differences<01:00:54.200>but <01:00:54.559>they're <01:00:54.880>they're 01:00:55.109 --> 01:00:55.119 align:start position:0% differences but they're they're 01:00:55.119 --> 01:00:57.430 align:start position:0% differences but they're they're bracketed<01:00:55.680>in <01:00:55.880>Darker <01:00:56.359>brackets <01:00:56.839>and <01:00:57.039>you <01:00:57.319>and 01:00:57.430 --> 01:00:57.440 align:start position:0% bracketed in Darker brackets and you and 01:00:57.440 --> 01:00:59.069 align:start position:0% bracketed in Darker brackets and you and you<01:00:57.760>satisfy <01:00:58.280>yourself <01:00:58.640>that <01:00:58.760>you <01:00:58.839>can 01:00:59.069 --> 01:00:59.079 align:start position:0% you satisfy yourself that you can 01:00:59.079 --> 01:01:01.029 align:start position:0% you satisfy yourself that you can account<01:00:59.359>for <01:00:59.599>the <01:00:59.720>checks <01:01:00.200>and <01:01:00.359>the <01:01:00.559>deposits 01:01:01.029 --> 01:01:01.039 align:start position:0% account for the checks and the deposits 01:01:01.039 --> 01:01:02.069 align:start position:0% account for the checks and the deposits and<01:01:01.200>they 01:01:02.069 --> 01:01:02.079 align:start position:0% and they 01:01:02.079 --> 01:01:07.630 align:start position:0% and they match<01:01:03.119>yes <01:01:04.319>okay <01:01:05.319>uh <01:01:05.640>we <01:01:05.799>get <01:01:06.480>following <01:01:07.119>pages 01:01:07.630 --> 01:01:07.640 align:start position:0% match yes okay uh we get following pages 01:01:07.640 --> 01:01:12.630 align:start position:0% match yes okay uh we get following pages I<01:01:07.760>don't <01:01:08.200>see <01:01:08.839>any <01:01:09.839>differences <01:01:10.720>that <01:01:10.839>you've 01:01:12.630 --> 01:01:12.640 align:start position:0% I don't see any differences that you've 01:01:12.640 --> 01:01:16.029 align:start position:0% I don't see any differences that you've noted<01:01:13.640>and <01:01:13.799>then <01:01:14.039>at <01:01:14.599>page 01:01:16.029 --> 01:01:16.039 align:start position:0% noted and then at PDF page 01:01:16.039 --> 01:01:19.510 align:start position:0% noted and then at PDF page 64<01:01:17.039>uh <01:01:17.160>you <01:01:17.319>have <01:01:17.599>again <01:01:18.000>done <01:01:18.920>uh <01:01:19.039>your <01:01:19.160>own 01:01:19.510 --> 01:01:19.520 align:start position:0% 64 uh you have again done uh your own 01:01:19.520 --> 01:01:22.990 align:start position:0% 64 uh you have again done uh your own calculation<01:01:20.280>to <01:01:20.799>to <01:01:21.039>back <01:01:21.400>into <01:01:21.960>a <01:01:22.280>a <01:01:22.480>balance 01:01:22.990 --> 01:01:23.000 align:start position:0% calculation to to back into a a balance 01:01:23.000 --> 01:01:25.109 align:start position:0% calculation to to back into a a balance and<01:01:23.119>you've <01:01:23.400>compared <01:01:23.839>your <01:01:24.079>calcul <01:01:24.599>relation 01:01:25.109 --> 01:01:25.119 align:start position:0% and you've compared your calcul relation 01:01:25.119 --> 01:01:28.109 align:start position:0% and you've compared your calcul relation to<01:01:25.599>the <01:01:26.400>uh <01:01:26.520>First <01:01:26.799>Bank <01:01:27.000>and <01:01:27.200>Trust <01:01:27.599>balance 01:01:28.109 --> 01:01:28.119 align:start position:0% to the uh First Bank and Trust balance 01:01:28.119 --> 01:01:30.950 align:start position:0% to the uh First Bank and Trust balance and<01:01:28.319>you've <01:01:28.760>you <01:01:29.119>you <01:01:29.280>got <01:01:29.400>a <01:01:29.599>difference 01:01:30.950 --> 01:01:30.960 align:start position:0% and you've you you got a difference 01:01:30.960 --> 01:01:34.990 align:start position:0% and you've you you got a difference right<01:01:31.960>yes <01:01:32.920>and <01:01:33.079>what's <01:01:33.240>the <01:01:33.359>amount <01:01:33.599>of <01:01:33.720>the 01:01:34.990 --> 01:01:35.000 align:start position:0% right yes and what's the amount of the 01:01:35.000 --> 01:01:38.990 align:start position:0% right yes and what's the amount of the difference<01:01:36.000>uh <01:01:36.160>the <01:01:36.280>bank <01:01:37.079>balances 01:01:38.990 --> 01:01:39.000 align:start position:0% difference uh the bank balances 01:01:39.000 --> 01:01:42.829 align:start position:0% difference uh the bank balances $698<01:01:40.000>more <01:01:40.760>more <01:01:41.039>than <01:01:41.200>you <01:01:41.359>come <01:01:41.559>up <01:01:41.839>with 01:01:42.829 --> 01:01:42.839 align:start position:0% $698 more more than you come up with 01:01:42.839 --> 01:01:46.230 align:start position:0% $698 more more than you come up with right<01:01:43.200>yes <01:01:44.200>and <01:01:44.359>then <01:01:44.559>as <01:01:44.760>we <01:01:45.240>as <01:01:45.359>we <01:01:45.559>work 01:01:46.230 --> 01:01:46.240 align:start position:0% right yes and then as we as we work 01:01:46.240 --> 01:01:49.109 align:start position:0% right yes and then as we as we work through<01:01:47.240>the <01:01:47.440>rest <01:01:47.680>of <01:01:48.000>the <01:01:48.359>the <01:01:48.680>petition 01:01:49.109 --> 01:01:49.119 align:start position:0% through the rest of the the petition 01:01:49.119 --> 01:01:51.950 align:start position:0% through the rest of the the petition here<01:01:49.319>you <01:01:49.640>provided <01:01:50.559>the <01:01:50.720>board <01:01:51.039>with <01:01:51.359>copies 01:01:51.950 --> 01:01:51.960 align:start position:0% here you provided the board with copies 01:01:51.960 --> 01:01:56.190 align:start position:0% here you provided the board with copies of<01:01:52.279>the <01:01:52.960>um <01:01:53.760>the <01:01:54.160>the <01:01:54.480>we <01:01:54.680>at <01:01:54.839>the <01:01:54.960>split 01:01:56.190 --> 01:01:56.200 align:start position:0% of the um the the we at the split 01:01:56.200 --> 01:02:00.029 align:start position:0% of the um the the we at the split agreements<01:01:57.200>uh <01:01:57.520>for <01:01:58.079>example 01:02:00.029 --> 01:02:00.039 align:start position:0% agreements uh for example 01:02:00.039 --> 01:02:04.430 align:start position:0% agreements uh for example um<01:02:01.039>my <01:02:01.319>page <01:02:01.680>66 <01:02:02.400>youve <01:02:02.599>got <01:02:02.880>in <01:02:03.400>paragraph <01:02:04.000>one 01:02:04.430 --> 01:02:04.440 align:start position:0% um my page 66 youve got in paragraph one 01:02:04.440 --> 01:02:07.990 align:start position:0% um my page 66 youve got in paragraph one an<01:02:04.640>indication <01:02:05.200>that <01:02:05.319>it's <01:02:05.440>a <01:02:05.640>50% <01:02:06.359>interest 01:02:07.990 --> 01:02:08.000 align:start position:0% an indication that it's a 50% interest 01:02:08.000 --> 01:02:11.520 align:start position:0% an indication that it's a 50% interest um<01:02:09.000>and <01:02:09.279>I <01:02:09.440>think <01:02:09.960>we <01:02:10.400>as <01:02:10.520>we <01:02:10.680>go <01:02:10.960>through 01:02:11.520 --> 01:02:11.530 align:start position:0% um and I think we as we go through 01:02:11.530 --> 01:02:19.269 align:start position:0% um and I think we as we go through [Music] 01:02:19.269 --> 01:02:19.279 align:start position:0% 01:02:19.279 --> 01:02:21.589 align:start position:0% here<01:02:20.279>you've <01:02:20.520>also <01:02:20.760>got <01:02:20.920>your <01:02:21.039>supplemental 01:02:21.589 --> 01:02:21.599 align:start position:0% here you've also got your supplemental 01:02:21.599 --> 01:02:23.630 align:start position:0% here you've also got your supplemental Affidavit<01:02:22.039>of <01:02:22.160>mailing <01:02:22.599>with <01:02:22.799>regard <01:02:23.119>to <01:02:23.359>Coal 01:02:23.630 --> 01:02:23.640 align:start position:0% Affidavit of mailing with regard to Coal 01:02:23.640 --> 01:02:25.630 align:start position:0% Affidavit of mailing with regard to Coal owners<01:02:24.039>that <01:02:24.200>give <01:02:24.559>them <01:02:24.680>an <01:02:24.839>opportunity <01:02:25.359>to 01:02:25.630 --> 01:02:25.640 align:start position:0% owners that give them an opportunity to 01:02:25.640 --> 01:02:29.029 align:start position:0% owners that give them an opportunity to file<01:02:26.520>uh <01:02:27.359>written <01:02:27.880>written <01:02:28.240>proof <01:02:28.640>or 01:02:29.029 --> 01:02:29.039 align:start position:0% file uh written written proof or 01:02:29.039 --> 01:02:32.269 align:start position:0% file uh written written proof or arguments<01:02:29.880>with <01:02:30.279>with <01:02:30.480>the <01:02:30.640>board <01:02:31.480>uh <01:02:31.720>and <01:02:31.920>and 01:02:32.269 --> 01:02:32.279 align:start position:0% arguments with with the board uh and and 01:02:32.279 --> 01:02:33.910 align:start position:0% arguments with with the board uh and and and<01:02:32.480>the <01:02:32.680>operator <01:02:33.160>indicating <01:02:33.640>that <01:02:33.799>they 01:02:33.910 --> 01:02:33.920 align:start position:0% and the operator indicating that they 01:02:33.920 --> 01:02:36.670 align:start position:0% and the operator indicating that they have<01:02:34.039>a <01:02:34.400>claim <01:02:35.400>uh <01:02:35.640>and <01:02:35.920>and <01:02:36.039>you <01:02:36.319>previously 01:02:36.670 --> 01:02:36.680 align:start position:0% have a claim uh and and you previously 01:02:36.680 --> 01:02:39.029 align:start position:0% have a claim uh and and you previously testified<01:02:37.200>he <01:02:37.359>did <01:02:37.599>that <01:02:38.000>and <01:02:38.240>and <01:02:38.400>nobody <01:02:38.799>has 01:02:39.029 --> 01:02:39.039 align:start position:0% testified he did that and and nobody has 01:02:39.039 --> 01:02:42.190 align:start position:0% testified he did that and and nobody has responded<01:02:39.839>with <01:02:40.319>uh <01:02:40.760>with <01:02:40.960>proof <01:02:41.279>for 01:02:42.190 --> 01:02:42.200 align:start position:0% responded with uh with proof for 01:02:42.200 --> 01:02:44.190 align:start position:0% responded with uh with proof for documentation<01:02:43.200>is <01:02:43.359>that <01:02:43.520>correct <01:02:44.000>that's 01:02:44.190 --> 01:02:44.200 align:start position:0% documentation is that correct that's 01:02:44.200 --> 01:02:47.910 align:start position:0% documentation is that correct that's correct<01:02:45.039>yes <01:02:45.760>Mr <01:02:45.960>chairman <01:02:46.359>I <01:02:46.559>think <01:02:46.960>that 01:02:47.910 --> 01:02:47.920 align:start position:0% correct yes Mr chairman I think that 01:02:47.920 --> 01:02:51.349 align:start position:0% correct yes Mr chairman I think that this<01:02:48.240>is <01:02:48.920>everything <01:02:49.520>with <01:02:49.760>regard <01:02:50.160>to <01:02:50.440>docet 01:02:51.349 --> 01:02:51.359 align:start position:0% this is everything with regard to docet 01:02:51.359 --> 01:02:52.829 align:start position:0% this is everything with regard to docet item 01:02:52.829 --> 01:02:52.839 align:start position:0% item 01:02:52.839 --> 01:02:55.950 align:start position:0% item seven<01:02:53.839>thank <01:02:54.000>you <01:02:54.359>Mr <01:02:54.559>Schwarz <01:02:55.039>any <01:02:55.559>questions 01:02:55.950 --> 01:02:55.960 align:start position:0% seven thank you Mr Schwarz any questions 01:02:55.960 --> 01:02:59.829 align:start position:0% seven thank you Mr Schwarz any questions from<01:02:56.160>members <01:02:56.400>of <01:02:56.520>the 01:02:59.829 --> 01:02:59.839 align:start position:0% 01:02:59.839 --> 01:03:02.309 align:start position:0% board<01:03:00.839>hearing <01:03:01.160>on <01:03:01.400>anything <01:03:01.720>further <01:03:02.039>Mr 01:03:02.309 --> 01:03:02.319 align:start position:0% board hearing on anything further Mr 01:03:02.319 --> 01:03:04.230 align:start position:0% board hearing on anything further Mr schars<01:03:03.200>that <01:03:03.319>would <01:03:03.520>do 01:03:04.230 --> 01:03:04.240 align:start position:0% schars that would do 01:03:04.240 --> 01:03:08.109 align:start position:0% schars that would do it<01:03:05.240>board <01:03:05.520>operates <01:03:05.920>on <01:03:06.039>a 01:03:08.109 --> 01:03:08.119 align:start position:0% it board operates on a 01:03:08.119 --> 01:03:11.990 align:start position:0% it board operates on a motion<01:03:09.119>uh <01:03:09.520>I <01:03:09.720>offer <01:03:10.000>a <01:03:10.119>motion <01:03:10.599>for <01:03:11.000>approval 01:03:11.990 --> 01:03:12.000 align:start position:0% motion uh I offer a motion for approval 01:03:12.000 --> 01:03:14.950 align:start position:0% motion uh I offer a motion for approval we<01:03:12.160>have <01:03:12.240>a <01:03:12.359>motion <01:03:12.640>we <01:03:12.760>have <01:03:12.839>a <01:03:13.160>second <01:03:14.160>second 01:03:14.950 --> 01:03:14.960 align:start position:0% we have a motion we have a second second 01:03:14.960 --> 01:03:17.309 align:start position:0% we have a motion we have a second second have<01:03:15.079>a <01:03:15.160>motion <01:03:15.440>we <01:03:15.720>have <01:03:15.839>a <01:03:16.039>second <01:03:16.720>any 01:03:17.309 --> 01:03:17.319 align:start position:0% have a motion we have a second any 01:03:17.319 --> 01:03:20.789 align:start position:0% have a motion we have a second any discussion<01:03:18.319>skimmer <01:03:18.720>will <01:03:18.799>you <01:03:18.920>P <01:03:19.160>the <01:03:19.279>board 01:03:20.789 --> 01:03:20.799 align:start position:0% discussion skimmer will you P the board 01:03:20.799 --> 01:03:24.829 align:start position:0% discussion skimmer will you P the board please<01:03:21.799>yes <01:03:22.279>Mr <01:03:22.599>har <01:03:23.359>yes <01:03:23.839>Mr 01:03:24.829 --> 01:03:24.839 align:start position:0% please yes Mr har yes Mr 01:03:24.839 --> 01:03:29.510 align:start position:0% please yes Mr har yes Mr Iain<01:03:25.839>Mr <01:03:26.200>jansson <01:03:27.400>yes <01:03:28.400>Mr 01:03:29.510 --> 01:03:29.520 align:start position:0% Iain Mr jansson yes Mr 01:03:29.520 --> 01:03:32.510 align:start position:0% Iain Mr jansson yes Mr Prather<01:03:30.520>yes <01:03:31.480>Mr 01:03:32.510 --> 01:03:32.520 align:start position:0% Prather yes Mr 01:03:32.520 --> 01:03:36.789 align:start position:0% Prather yes Mr C<01:03:34.000>yes <01:03:35.000>Mr <01:03:35.279>Schwarz <01:03:35.720>that <01:03:35.839>one <01:03:35.960>is <01:03:36.160>approved <01:03:36.559>as 01:03:36.789 --> 01:03:36.799 align:start position:0% C yes Mr Schwarz that one is approved as 01:03:36.799 --> 01:03:39.950 align:start position:0% C yes Mr Schwarz that one is approved as presented<01:03:37.799>thank <01:03:38.000>you <01:03:38.839>thank <01:03:39.000>you <01:03:39.160>so <01:03:39.400>much <01:03:39.839>I 01:03:39.950 --> 01:03:39.960 align:start position:0% presented thank you thank you so much I 01:03:39.960 --> 01:03:41.390 align:start position:0% presented thank you thank you so much I hope<01:03:40.200>all <01:03:40.440>of <01:03:40.559>you <01:03:40.760>have <01:03:40.920>a <01:03:41.119>great 01:03:41.390 --> 01:03:41.400 align:start position:0% hope all of you have a great 01:03:41.400 --> 01:03:43.750 align:start position:0% hope all of you have a great Thanksgiving<01:03:42.119>holiday <01:03:42.640>and <01:03:42.960>apparently <01:03:43.480>I 01:03:43.750 --> 01:03:43.760 align:start position:0% Thanksgiving holiday and apparently I 01:03:43.760 --> 01:03:45.910 align:start position:0% Thanksgiving holiday and apparently I need<01:03:43.880>to <01:03:44.039>wish <01:03:44.200>you <01:03:44.319>merry <01:03:44.599>Christmas <01:03:45.039>as <01:03:45.200>well 01:03:45.910 --> 01:03:45.920 align:start position:0% need to wish you merry Christmas as well 01:03:45.920 --> 01:03:48.990 align:start position:0% need to wish you merry Christmas as well so<01:03:46.920>talk <01:03:47.119>to <01:03:47.200>you <01:03:47.319>after <01:03:47.559>the <01:03:47.680>new <01:03:47.880>year <01:03:48.799>thank 01:03:48.990 --> 01:03:49.000 align:start position:0% so talk to you after the new year thank 01:03:49.000 --> 01:03:51.390 align:start position:0% so talk to you after the new year thank you<01:03:49.279>you <01:03:49.520>too <01:03:49.920>we <01:03:50.039>appreciate <01:03:50.480>thank <01:03:50.640>you <01:03:50.760>all 01:03:51.390 --> 01:03:51.400 align:start position:0% you you too we appreciate thank you all 01:03:51.400 --> 01:03:53.269 align:start position:0% you you too we appreciate thank you all bye 01:03:53.269 --> 01:03:53.279 align:start position:0% bye 01:03:53.279 --> 01:03:57.789 align:start position:0% bye bye<01:03:54.400>we <01:03:54.520>need <01:03:54.680>a 01:03:57.789 --> 01:03:57.799 align:start position:0% 01:03:57.799 --> 01:04:00.910 align:start position:0% break<01:03:58.799>oh <01:03:59.000>I'm 01:04:00.910 --> 01:04:00.920 align:start position:0% break oh I'm 01:04:00.920 --> 01:04:03.710 align:start position:0% break oh I'm okay<01:04:01.920>you <01:04:02.160>good <01:04:02.760>we <01:04:02.960>just 01:04:03.710 --> 01:04:03.720 align:start position:0% okay you good we just 01:04:03.720 --> 01:04:06.150 align:start position:0% okay you good we just continue<01:04:04.720>uh <01:04:04.880>item <01:04:05.160>number <01:04:05.400>eight <01:04:05.599>a <01:04:05.799>petition 01:04:06.150 --> 01:04:06.160 align:start position:0% continue uh item number eight a petition 01:04:06.160 --> 01:04:09.069 align:start position:0% continue uh item number eight a petition from<01:04:06.359>intervest <01:04:07.000>operations <01:04:07.960>operating <01:04:08.480>LLC 01:04:09.069 --> 01:04:09.079 align:start position:0% from intervest operations operating LLC 01:04:09.079 --> 01:04:11.470 align:start position:0% from intervest operations operating LLC for<01:04:09.400>well <01:04:09.799>location <01:04:10.400>exception <01:04:10.920>located <01:04:11.319>in 01:04:11.470 --> 01:04:11.480 align:start position:0% for well location exception located in 01:04:11.480 --> 01:04:14.630 align:start position:0% for well location exception located in the<01:04:11.599>pound <01:04:12.039>qu <01:04:13.039>quad <01:04:13.480>angle <01:04:14.200>uh <01:04:14.319>docket 01:04:14.630 --> 01:04:14.640 align:start position:0% the pound qu quad angle uh docket 01:04:14.640 --> 01:04:20.630 align:start position:0% the pound qu quad angle uh docket numberers<01:04:15.000>VG <01:04:16.200>23-11 <01:04:17.680>21- <01:04:19.000>4275 <01:04:20.000>all <01:04:20.240>parties 01:04:20.630 --> 01:04:20.640 align:start position:0% numberers VG 23-11 21- 4275 all parties 01:04:20.640 --> 01:04:23.190 align:start position:0% numberers VG 23-11 21- 4275 all parties interested<01:04:21.200>please <01:04:21.480>come 01:04:23.190 --> 01:04:23.200 align:start position:0% interested please come 01:04:23.200 --> 01:04:29.589 align:start position:0% interested please come forward<01:04:24.440>Tim <01:04:24.760>Scott 01:04:29.589 --> 01:04:29.599 align:start position:0% 01:04:29.599 --> 01:04:34.230 align:start position:0% and<01:04:30.599>we <01:04:30.880>have <01:04:31.079>a <01:04:31.279>bad <01:04:31.680>Echo <01:04:32.680>uh <01:04:33.240>we 01:04:34.230 --> 01:04:34.240 align:start position:0% and we have a bad Echo uh we 01:04:34.240 --> 01:04:39.510 align:start position:0% and we have a bad Echo uh we do<01:04:35.240>mute <01:04:35.520>your <01:04:35.760>computer 01:04:39.510 --> 01:04:39.520 align:start position:0% 01:04:39.520 --> 01:04:42.430 align:start position:0% Tim<01:04:40.520>do <01:04:40.720>that <01:04:41.039>okay <01:04:41.319>and <01:04:41.480>who <01:04:41.640>you <01:04:41.799>have <01:04:42.039>with 01:04:42.430 --> 01:04:42.440 align:start position:0% Tim do that okay and who you have with 01:04:42.440 --> 01:04:48.069 align:start position:0% Tim do that okay and who you have with you<01:04:43.440>Larry 01:04:48.069 --> 01:04:48.079 align:start position:0% 01:04:48.079 --> 01:04:51.390 align:start position:0% Reeds<01:04:49.079>M <01:04:49.279>Kilmer <01:04:49.640>you <01:04:49.720>want <01:04:49.839>to <01:04:49.960>swear <01:04:50.319>Mr <01:04:50.520>Reed 01:04:51.390 --> 01:04:51.400 align:start position:0% Reeds M Kilmer you want to swear Mr Reed 01:04:51.400 --> 01:04:54.190 align:start position:0% Reeds M Kilmer you want to swear Mr Reed in<01:04:52.400>Mr <01:04:52.680>re <01:04:52.960>you <01:04:53.079>swear <01:04:53.400>and <01:04:53.559>affirm <01:04:53.880>your 01:04:54.190 --> 01:04:54.200 align:start position:0% in Mr re you swear and affirm your 01:04:54.200 --> 01:04:55.870 align:start position:0% in Mr re you swear and affirm your testimony<01:04:54.680>is <01:04:54.839>the <01:04:54.960>truth <01:04:55.240>the <01:04:55.359>whole <01:04:55.599>truth 01:04:55.870 --> 01:04:55.880 align:start position:0% testimony is the truth the whole truth 01:04:55.880 --> 01:04:57.789 align:start position:0% testimony is the truth the whole truth and<01:04:56.039>nothing <01:04:56.359>but <01:04:56.520>the 01:04:57.789 --> 01:04:57.799 align:start position:0% and nothing but the 01:04:57.799 --> 01:04:59.750 align:start position:0% and nothing but the truth<01:04:58.799>I 01:04:59.750 --> 01:04:59.760 align:start position:0% truth I 01:04:59.760 --> 01:05:02.510 align:start position:0% truth I do<01:05:00.760>thank <01:05:00.960>you <01:05:01.319>is <01:05:01.520>that <01:05:01.760>the <01:05:01.880>only <01:05:02.200>witness 01:05:02.510 --> 01:05:02.520 align:start position:0% do thank you is that the only witness 01:05:02.520 --> 01:05:05.710 align:start position:0% do thank you is that the only witness you<01:05:02.720>have <01:05:03.240>Mr <01:05:03.520>Scott <01:05:04.240>yes <01:05:04.440>sir <01:05:05.240>yes <01:05:05.359>sir <01:05:05.599>that 01:05:05.710 --> 01:05:05.720 align:start position:0% you have Mr Scott yes sir yes sir that 01:05:05.720 --> 01:05:09.789 align:start position:0% you have Mr Scott yes sir yes sir that the<01:05:05.799>only <01:05:06.119>W <01:05:07.079>only <01:05:07.359>witness <01:05:07.720>you <01:05:08.400>have <01:05:09.400>yes <01:05:09.559>sir 01:05:09.789 --> 01:05:09.799 align:start position:0% the only W only witness you have yes sir 01:05:09.799 --> 01:05:11.710 align:start position:0% the only W only witness you have yes sir it<01:05:09.960>is <01:05:10.760>you <01:05:10.920>may 01:05:11.710 --> 01:05:11.720 align:start position:0% it is you may 01:05:11.720 --> 01:05:15.710 align:start position:0% it is you may proceed<01:05:12.720>thank <01:05:12.960>you <01:05:13.960>um <01:05:14.839>Mr <01:05:15.079>Reese <01:05:15.359>please <01:05:15.480>set 01:05:15.710 --> 01:05:15.720 align:start position:0% proceed thank you um Mr Reese please set 01:05:15.720 --> 01:05:16.950 align:start position:0% proceed thank you um Mr Reese please set your<01:05:15.839>name <01:05:16.039>by <01:05:16.160>whom <01:05:16.279>you're <01:05:16.400>employed <01:05:16.799>your 01:05:16.950 --> 01:05:16.960 align:start position:0% your name by whom you're employed your 01:05:16.960 --> 01:05:20.309 align:start position:0% your name by whom you're employed your job<01:05:17.559>description <01:05:18.559>Larry <01:05:18.920>Reeves <01:05:19.680>employed <01:05:20.200>by 01:05:20.309 --> 01:05:20.319 align:start position:0% job description Larry Reeves employed by 01:05:20.319 --> 01:05:23.470 align:start position:0% job description Larry Reeves employed by interrest<01:05:20.920>operating <01:05:21.559>as <01:05:21.680>a <01:05:22.000>landman <01:05:23.000>and <01:05:23.359>uh 01:05:23.470 --> 01:05:23.480 align:start position:0% interrest operating as a landman and uh 01:05:23.480 --> 01:05:25.349 align:start position:0% interrest operating as a landman and uh you<01:05:23.599>participate <01:05:24.279>with <01:05:24.440>the <01:05:24.720>preparation <01:05:25.119>of 01:05:25.349 --> 01:05:25.359 align:start position:0% you participate with the preparation of 01:05:25.359 --> 01:05:28.109 align:start position:0% you participate with the preparation of application<01:05:25.799>is <01:05:25.920>that <01:05:26.119>correct <01:05:26.960>yes <01:05:27.640>and 01:05:28.109 --> 01:05:28.119 align:start position:0% application is that correct yes and 01:05:28.119 --> 01:05:30.430 align:start position:0% application is that correct yes and we've<01:05:28.960>with <01:05:29.079>our <01:05:29.279>application <01:05:29.760>we <01:05:29.920>filed <01:05:30.240>an 01:05:30.430 --> 01:05:30.440 align:start position:0% we've with our application we filed an 01:05:30.440 --> 01:05:34.309 align:start position:0% we've with our application we filed an exhibit<01:05:30.920>B <01:05:31.920>which <01:05:32.359>with <01:05:32.760>the <01:05:33.119>mineral <01:05:33.480>owners 01:05:34.309 --> 01:05:34.319 align:start position:0% exhibit B which with the mineral owners 01:05:34.319 --> 01:05:36.750 align:start position:0% exhibit B which with the mineral owners uh<01:05:34.480>underlying <01:05:35.400>this <01:05:35.920>particular <01:05:36.319>unit <01:05:36.640>is 01:05:36.750 --> 01:05:36.760 align:start position:0% uh underlying this particular unit is 01:05:36.760 --> 01:05:38.910 align:start position:0% uh underlying this particular unit is that<01:05:36.960>correct <01:05:37.760>yes <01:05:37.920>we <01:05:38.119>do <01:05:38.319>and <01:05:38.480>those <01:05:38.599>are <01:05:38.760>all 01:05:38.910 --> 01:05:38.920 align:start position:0% that correct yes we do and those are all 01:05:38.920 --> 01:05:40.470 align:start position:0% that correct yes we do and those are all the<01:05:39.000>mineral <01:05:39.359>owners <01:05:40.000>uh <01:05:40.160>who <01:05:40.279>have <01:05:40.359>an 01:05:40.470 --> 01:05:40.480 align:start position:0% the mineral owners uh who have an 01:05:40.480 --> 01:05:41.910 align:start position:0% the mineral owners uh who have an interest<01:05:40.720>in <01:05:40.839>this <01:05:41.000>unit <01:05:41.279>is <01:05:41.440>that <01:05:41.599>also 01:05:41.910 --> 01:05:41.920 align:start position:0% interest in this unit is that also 01:05:41.920 --> 01:05:45.510 align:start position:0% interest in this unit is that also correct<01:05:42.480>yeah <01:05:43.319>and <01:05:43.720>who's <01:05:44.520>um <01:05:45.000>who <01:05:45.160>operates 01:05:45.510 --> 01:05:45.520 align:start position:0% correct yeah and who's um who operates 01:05:45.520 --> 01:05:48.349 align:start position:0% correct yeah and who's um who operates the<01:05:45.640>will <01:05:45.880>from <01:05:46.119>which <01:05:46.920>this <01:05:47.240>well <01:05:47.480>location 01:05:48.349 --> 01:05:48.359 align:start position:0% the will from which this well location 01:05:48.359 --> 01:05:52.109 align:start position:0% the will from which this well location um<01:05:48.520>is <01:05:48.640>sought <01:05:49.440>inter <01:05:49.839>rest <01:05:50.359>also <01:05:51.279>and <01:05:51.440>then <01:05:51.880>we 01:05:52.109 --> 01:05:52.119 align:start position:0% um is sought inter rest also and then we 01:05:52.119 --> 01:05:53.630 align:start position:0% um is sought inter rest also and then we we<01:05:52.240>did <01:05:52.440>notify <01:05:52.880>the <01:05:52.960>parties <01:05:53.240>list <01:05:53.520>on 01:05:53.630 --> 01:05:53.640 align:start position:0% we did notify the parties list on 01:05:53.640 --> 01:05:55.910 align:start position:0% we did notify the parties list on exhibit<01:05:54.279>is <01:05:54.400>that <01:05:54.599>correct <01:05:55.160>yes <01:05:55.319>we <01:05:55.480>do <01:05:55.799>and 01:05:55.910 --> 01:05:55.920 align:start position:0% exhibit is that correct yes we do and 01:05:55.920 --> 01:05:57.150 align:start position:0% exhibit is that correct yes we do and how<01:05:56.079>was <01:05:56.279>that 01:05:57.150 --> 01:05:57.160 align:start position:0% how was that 01:05:57.160 --> 01:06:00.589 align:start position:0% how was that accomplished<01:05:58.160>um <01:05:58.559>certified <01:05:59.160>with <01:06:00.200>the 01:06:00.589 --> 01:06:00.599 align:start position:0% accomplished um certified mail with the 01:06:00.599 --> 01:06:02.829 align:start position:0% accomplished um certified mail with the return<01:06:00.880>receipt <01:06:01.279>requested <01:06:02.160>and <01:06:02.279>we <01:06:02.440>provided 01:06:02.829 --> 01:06:02.839 align:start position:0% return receipt requested and we provided 01:06:02.839 --> 01:06:04.309 align:start position:0% return receipt requested and we provided proof<01:06:03.039>of <01:06:03.160>our <01:06:03.279>mailing <01:06:03.640>to <01:06:03.799>the <01:06:03.920>board <01:06:04.200>is 01:06:04.309 --> 01:06:04.319 align:start position:0% proof of our mailing to the board is 01:06:04.319 --> 01:06:07.870 align:start position:0% proof of our mailing to the board is that<01:06:04.680>correct <01:06:05.680>we <01:06:05.839>did <01:06:06.359>okay <01:06:07.039>and <01:06:07.200>then <01:06:07.720>uh 01:06:07.870 --> 01:06:07.880 align:start position:0% that correct we did okay and then uh 01:06:07.880 --> 01:06:11.990 align:start position:0% that correct we did okay and then uh with<01:06:08.039>regard <01:06:08.920>to <01:06:09.920>um <01:06:10.920>why <01:06:11.200>this <01:06:11.480>particular 01:06:11.990 --> 01:06:12.000 align:start position:0% with regard to um why this particular 01:06:12.000 --> 01:06:14.750 align:start position:0% with regard to um why this particular location<01:06:12.680>was <01:06:13.480>chosen <01:06:13.880>by <01:06:14.000>intervest <01:06:14.520>can <01:06:14.640>you 01:06:14.750 --> 01:06:14.760 align:start position:0% location was chosen by intervest can you 01:06:14.760 --> 01:06:17.230 align:start position:0% location was chosen by intervest can you explain<01:06:15.039>to <01:06:15.160>the <01:06:15.279>board <01:06:16.000>why <01:06:16.200>that 01:06:17.230 --> 01:06:17.240 align:start position:0% explain to the board why that 01:06:17.240 --> 01:06:20.710 align:start position:0% explain to the board why that happened<01:06:18.240>um <01:06:18.520>due <01:06:18.760>to <01:06:19.000>the <01:06:19.440>state <01:06:19.760>roads <01:06:20.520>all 01:06:20.710 --> 01:06:20.720 align:start position:0% happened um due to the state roads all 01:06:20.720 --> 01:06:23.589 align:start position:0% happened um due to the state roads all the<01:06:20.880>development <01:06:21.400>in <01:06:21.559>this <01:06:21.720>area <01:06:22.079>the <01:06:22.599>homes 01:06:23.589 --> 01:06:23.599 align:start position:0% the development in this area the homes 01:06:23.599 --> 01:06:26.950 align:start position:0% the development in this area the homes uh<01:06:24.079>several <01:06:24.799>cemeteries <01:06:25.799>um <01:06:26.400>we <01:06:26.559>ended <01:06:26.799>up 01:06:26.950 --> 01:06:26.960 align:start position:0% uh several cemeteries um we ended up 01:06:26.960 --> 01:06:29.750 align:start position:0% uh several cemeteries um we ended up pulling<01:06:27.240>it <01:06:27.400>back <01:06:27.640>just <01:06:27.839>shy <01:06:28.440>the <01:06:29.119>the <01:06:29.279>state 01:06:29.750 --> 01:06:29.760 align:start position:0% pulling it back just shy the the state 01:06:29.760 --> 01:06:34.190 align:start position:0% pulling it back just shy the the state bacing<01:06:30.760>so <01:06:31.200>it <01:06:31.680>if <01:06:32.000>um <01:06:32.880>so <01:06:33.559>there's <01:06:33.799>not <01:06:34.039>too 01:06:34.190 --> 01:06:34.200 align:start position:0% bacing so it if um so there's not too 01:06:34.200 --> 01:06:36.950 align:start position:0% bacing so it if um so there's not too much<01:06:34.359>of <01:06:34.440>an <01:06:34.599>overlap <01:06:35.039>is <01:06:35.520>there <01:06:36.520>so <01:06:36.839>what 01:06:36.950 --> 01:06:36.960 align:start position:0% much of an overlap is there so what 01:06:36.960 --> 01:06:39.069 align:start position:0% much of an overlap is there so what would<01:06:37.119>be <01:06:37.359>the <01:06:37.799>the <01:06:38.319>the <01:06:38.440>number <01:06:38.640>of <01:06:38.760>Acres 01:06:39.069 --> 01:06:39.079 align:start position:0% would be the the the number of Acres 01:06:39.079 --> 01:06:40.470 align:start position:0% would be the the the number of Acres that<01:06:39.200>would <01:06:39.319>be <01:06:39.440>lost <01:06:39.720>in <01:06:39.839>the <01:06:40.000>event <01:06:40.279>that 01:06:40.470 --> 01:06:40.480 align:start position:0% that would be lost in the event that 01:06:40.480 --> 01:06:43.470 align:start position:0% that would be lost in the event that this<01:06:40.680>application's <01:06:41.200>not <01:06:42.119>uh <01:06:42.279>approved 01:06:43.470 --> 01:06:43.480 align:start position:0% this application's not uh approved 01:06:43.480 --> 01:06:47.589 align:start position:0% this application's not uh approved today<01:06:44.880>109.5 <01:06:45.880>six <01:06:46.240>acres <01:06:46.960>just <01:06:47.039>shy <01:06:47.319>of <01:06:47.440>the 01:06:47.589 --> 01:06:47.599 align:start position:0% today 109.5 six acres just shy of the 01:06:47.599 --> 01:06:50.750 align:start position:0% today 109.5 six acres just shy of the 112<01:06:48.599>um <01:06:49.200>what's <01:06:49.400>the <01:06:49.520>proposed <01:06:49.880>depth <01:06:50.079>of <01:06:50.240>this 01:06:50.750 --> 01:06:50.760 align:start position:0% 112 um what's the proposed depth of this 01:06:50.760 --> 01:06:52.269 align:start position:0% 112 um what's the proposed depth of this well 01:06:52.269 --> 01:06:52.279 align:start position:0% well 01:06:52.279 --> 01:06:54.910 align:start position:0% well 6325<01:06:53.279>ft <01:06:53.760>and <01:06:54.039>what <01:06:54.160>are <01:06:54.240>the <01:06:54.359>potential <01:06:54.680>loss 01:06:54.910 --> 01:06:54.920 align:start position:0% 6325 ft and what are the potential loss 01:06:54.920 --> 01:06:56.870 align:start position:0% 6325 ft and what are the potential loss of<01:06:55.119>reserves <01:06:55.680>if <01:06:55.839>the <01:06:56.160>application <01:06:56.599>is <01:06:56.720>not 01:06:56.870 --> 01:06:56.880 align:start position:0% of reserves if the application is not 01:06:56.880 --> 01:06:58.150 align:start position:0% of reserves if the application is not granted 01:06:58.150 --> 01:06:58.160 align:start position:0% granted 01:06:58.160 --> 01:06:59.670 align:start position:0% granted today 01:06:59.670 --> 01:06:59.680 align:start position:0% today 01:06:59.680 --> 01:07:05.309 align:start position:0% today 106<01:07:00.680>or <01:07:01.160>1,6 <01:07:02.200>mmcf <01:07:03.200>sorry <01:07:03.839>and <01:07:04.000>then <01:07:04.520>um <01:07:05.039>if <01:07:05.160>the 01:07:05.309 --> 01:07:05.319 align:start position:0% 106 or 1,6 mmcf sorry and then um if the 01:07:05.319 --> 01:07:06.670 align:start position:0% 106 or 1,6 mmcf sorry and then um if the application<01:07:05.720>is <01:07:05.920>approved <01:07:06.279>by <01:07:06.400>the <01:07:06.480>board 01:07:06.670 --> 01:07:06.680 align:start position:0% application is approved by the board 01:07:06.680 --> 01:07:08.829 align:start position:0% application is approved by the board today<01:07:07.440>would <01:07:07.599>it <01:07:07.720>prevent <01:07:08.079>waste <01:07:08.480>promote 01:07:08.829 --> 01:07:08.839 align:start position:0% today would it prevent waste promote 01:07:08.839 --> 01:07:11.510 align:start position:0% today would it prevent waste promote conservation<01:07:09.359>and <01:07:09.520>protect <01:07:09.960>relative <01:07:10.400>rights 01:07:11.510 --> 01:07:11.520 align:start position:0% conservation and protect relative rights 01:07:11.520 --> 01:07:22.910 align:start position:0% conservation and protect relative rights yes<01:07:12.520>that's <01:07:12.680>all <01:07:12.799>I <01:07:12.920>have <01:07:13.039>from <01:07:13.200>Mr <01:07:13.480>luk 01:07:22.910 --> 01:07:22.920 align:start position:0% 01:07:22.920 --> 01:07:26.150 align:start position:0% Reed 01:07:26.150 --> 01:07:26.160 align:start position:0% 01:07:26.160 --> 01:07:28.390 align:start position:0% he<01:07:26.279>said <01:07:26.520>that <01:07:26.640>was <01:07:26.760>all <01:07:27.000>he <01:07:27.200>had <01:07:27.599>oh <01:07:27.760>I'm <01:07:27.920>sorry 01:07:28.390 --> 01:07:28.400 align:start position:0% he said that was all he had oh I'm sorry 01:07:28.400 --> 01:07:31.430 align:start position:0% he said that was all he had oh I'm sorry I<01:07:28.480>didn't <01:07:28.799>I <01:07:28.880>didn't <01:07:29.240>hear <01:07:30.240>SC <01:07:30.599>I'm <01:07:30.760>sorry <01:07:31.240>yeah 01:07:31.430 --> 01:07:31.440 align:start position:0% I didn't I didn't hear SC I'm sorry yeah 01:07:31.440 --> 01:07:34.230 align:start position:0% I didn't I didn't hear SC I'm sorry yeah that's<01:07:31.599>all <01:07:31.720>I <01:07:31.839>have <01:07:32.039>for <01:07:32.200>Mr <01:07:32.880>re <01:07:33.880>you <01:07:34.039>have 01:07:34.230 --> 01:07:34.240 align:start position:0% that's all I have for Mr re you have 01:07:34.240 --> 01:07:37.230 align:start position:0% that's all I have for Mr re you have anything<01:07:34.559>further <01:07:35.119>for <01:07:35.319>the <01:07:35.839>board <01:07:36.839>not <01:07:37.039>on 01:07:37.230 --> 01:07:37.240 align:start position:0% anything further for the board not on 01:07:37.240 --> 01:07:39.950 align:start position:0% anything further for the board not on this<01:07:37.799>uh <01:07:38.160>docket <01:07:38.520>item <01:07:38.760>no 01:07:39.950 --> 01:07:39.960 align:start position:0% this uh docket item no 01:07:39.960 --> 01:07:43.029 align:start position:0% this uh docket item no sir<01:07:40.960>any <01:07:41.240>questions <01:07:41.599>from <01:07:41.799>the 01:07:43.029 --> 01:07:43.039 align:start position:0% sir any questions from the 01:07:43.039 --> 01:07:47.150 align:start position:0% sir any questions from the board<01:07:44.039>this <01:07:44.279>board <01:07:44.520>operates <01:07:44.880>on <01:07:45.000>a 01:07:47.150 --> 01:07:47.160 align:start position:0% board this board operates on a 01:07:47.160 --> 01:07:52.269 align:start position:0% board this board operates on a motion<01:07:48.160>motion <01:07:48.559>for <01:07:49.319>approval <01:07:50.319>the 01:07:52.269 --> 01:07:52.279 align:start position:0% motion motion for approval the 01:07:52.279 --> 01:07:54.910 align:start position:0% motion motion for approval the application<01:07:53.279>I'm <01:07:53.359>sorry <01:07:53.599>i <01:07:53.720>c <01:07:54.079>y <01:07:54.480>yeah <01:07:54.680>that's 01:07:54.910 --> 01:07:54.920 align:start position:0% application I'm sorry i c y yeah that's 01:07:54.920 --> 01:07:57.230 align:start position:0% application I'm sorry i c y yeah that's okay<01:07:55.400>I <01:07:55.520>just <01:07:55.640>say <01:07:55.880>of <01:07:56.079>the <01:07:56.279>application <01:07:57.000>of <01:07:57.079>a 01:07:57.230 --> 01:07:57.240 align:start position:0% okay I just say of the application of a 01:07:57.240 --> 01:08:00.589 align:start position:0% okay I just say of the application of a motion<01:07:57.680>we <01:07:57.799>have <01:07:57.920>a 01:08:00.589 --> 01:08:00.599 align:start position:0% 01:08:00.599 --> 01:08:03.109 align:start position:0% second<01:08:01.599>any 01:08:03.109 --> 01:08:03.119 align:start position:0% second any 01:08:03.119 --> 01:08:05.230 align:start position:0% second any discussion<01:08:04.119>M <01:08:04.359>Gilmer <01:08:04.680>will <01:08:04.760>you <01:08:04.880>pull <01:08:05.119>the 01:08:05.230 --> 01:08:05.240 align:start position:0% discussion M Gilmer will you pull the 01:08:05.240 --> 01:08:07.190 align:start position:0% discussion M Gilmer will you pull the board<01:08:05.599>please 01:08:07.190 --> 01:08:07.200 align:start position:0% board please 01:08:07.200 --> 01:08:15.749 align:start position:0% board please M<01:08:08.200>Mr <01:08:08.559>Harris <01:08:09.319>yes <01:08:10.000>Mr <01:08:10.799>at <01:08:11.799>Mr <01:08:12.200>Janson <01:08:13.680>yes <01:08:14.680>Mr 01:08:15.749 --> 01:08:15.759 align:start position:0% M Mr Harris yes Mr at Mr Janson yes Mr 01:08:15.759 --> 01:08:20.269 align:start position:0% M Mr Harris yes Mr at Mr Janson yes Mr Prather<01:08:16.759>yes <01:08:17.600>and <01:08:17.799>Mr <01:08:18.560>Cochran 01:08:20.269 --> 01:08:20.279 align:start position:0% Prather yes and Mr Cochran 01:08:20.279 --> 01:08:23.349 align:start position:0% Prather yes and Mr Cochran yes<01:08:21.279>that <01:08:21.400>one <01:08:21.560>is <01:08:21.719>approved <01:08:22.159>as <01:08:22.400>presented <01:08:23.080>Mr 01:08:23.349 --> 01:08:23.359 align:start position:0% yes that one is approved as presented Mr 01:08:23.359 --> 01:08:25.070 align:start position:0% yes that one is approved as presented Mr Scott 01:08:25.070 --> 01:08:25.080 align:start position:0% Scott 01:08:25.080 --> 01:08:27.870 align:start position:0% Scott uh<01:08:25.279>next <01:08:25.600>we <01:08:25.880>have <01:08:26.560>we <01:08:26.719>have <01:08:26.920>docket <01:08:27.319>number 01:08:27.870 --> 01:08:27.880 align:start position:0% uh next we have we have docket number 01:08:27.880 --> 01:08:30.189 align:start position:0% uh next we have we have docket number nine<01:08:28.319>a <01:08:28.520>petition <01:08:28.880>from <01:08:29.080>intervest <01:08:29.719>operating 01:08:30.189 --> 01:08:30.199 align:start position:0% nine a petition from intervest operating 01:08:30.199 --> 01:08:33.789 align:start position:0% nine a petition from intervest operating LLC<01:08:30.759>for <01:08:30.960>pooling <01:08:31.359>unit <01:08:31.839>fe- 01:08:33.789 --> 01:08:33.799 align:start position:0% LLC for pooling unit fe- 01:08:33.799 --> 01:08:36.829 align:start position:0% LLC for pooling unit fe- 63607<01:08:34.799>docket <01:08:35.120>number <01:08:35.279>is <01:08:35.440>BG <01:08:35.799>o 01:08:36.829 --> 01:08:36.839 align:start position:0% 63607 docket number is BG o 01:08:36.839 --> 01:08:40.110 align:start position:0% 63607 docket number is BG o 23-11<01:08:38.239>21- 01:08:40.110 --> 01:08:40.120 align:start position:0% 23-11 21- 01:08:40.120 --> 01:08:42.990 align:start position:0% 23-11 21- 4276<01:08:41.120>all <01:08:41.719>interested <01:08:42.199>parties <01:08:42.520>please <01:08:42.759>come 01:08:42.990 --> 01:08:43.000 align:start position:0% 4276 all interested parties please come 01:08:43.000 --> 01:08:45.349 align:start position:0% 4276 all interested parties please come forward<01:08:43.799>you <01:08:43.920>may 01:08:45.349 --> 01:08:45.359 align:start position:0% forward you may 01:08:45.359 --> 01:08:48.189 align:start position:0% forward you may begin<01:08:46.359>Tim <01:08:46.600>Scott <01:08:46.880>and <01:08:47.000>Larry <01:08:47.279>Reeves <01:08:47.600>for 01:08:48.189 --> 01:08:48.199 align:start position:0% begin Tim Scott and Larry Reeves for 01:08:48.199 --> 01:08:52.550 align:start position:0% begin Tim Scott and Larry Reeves for intervest<01:08:49.199>you <01:08:49.359>may <01:08:50.040>proceed <01:08:51.040>thank <01:08:51.239>you <01:08:52.120>U <01:08:52.359>Mr 01:08:52.550 --> 01:08:52.560 align:start position:0% intervest you may proceed thank you U Mr 01:08:52.560 --> 01:08:53.829 align:start position:0% intervest you may proceed thank you U Mr Reeves<01:08:52.920>again <01:08:53.080>your <01:08:53.199>name <01:08:53.400>by <01:08:53.520>whom <01:08:53.600>you're 01:08:53.829 --> 01:08:53.839 align:start position:0% Reeves again your name by whom you're 01:08:53.839 --> 01:08:56.349 align:start position:0% Reeves again your name by whom you're employeed<01:08:54.120>your <01:08:54.239>job <01:08:54.640>description <01:08:55.640>Larry 01:08:56.349 --> 01:08:56.359 align:start position:0% employeed your job description Larry 01:08:56.359 --> 01:08:58.990 align:start position:0% employeed your job description Larry Reeves<01:08:57.359>employed <01:08:57.759>by <01:08:57.880>anest <01:08:58.359>operating <01:08:58.759>as <01:08:58.880>a 01:08:58.990 --> 01:08:59.000 align:start position:0% Reeves employed by anest operating as a 01:08:59.000 --> 01:09:01.269 align:start position:0% Reeves employed by anest operating as a landman<01:08:59.920>in <01:09:00.080>this <01:09:00.319>particular <01:09:00.759>application 01:09:01.269 --> 01:09:01.279 align:start position:0% landman in this particular application 01:09:01.279 --> 01:09:03.829 align:start position:0% landman in this particular application we're<01:09:01.440>seeking <01:09:01.839>to <01:09:02.040>establish <01:09:02.440>the <01:09:02.600>unit <01:09:03.040>and 01:09:03.829 --> 01:09:03.839 align:start position:0% we're seeking to establish the unit and 01:09:03.839 --> 01:09:05.749 align:start position:0% we're seeking to establish the unit and force<01:09:04.199>pool <01:09:04.640>the <01:09:05.000>individuals <01:09:05.400>that's <01:09:05.640>on 01:09:05.749 --> 01:09:05.759 align:start position:0% force pool the individuals that's on 01:09:05.759 --> 01:09:08.149 align:start position:0% force pool the individuals that's on exhibit<01:09:06.080>B3 <01:09:06.480>is <01:09:06.600>that <01:09:06.759>correct <01:09:07.480>yes <01:09:07.640>we <01:09:07.759>are 01:09:08.149 --> 01:09:08.159 align:start position:0% exhibit B3 is that correct yes we are 01:09:08.159 --> 01:09:10.149 align:start position:0% exhibit B3 is that correct yes we are and<01:09:08.279>is <01:09:08.480>this <01:09:08.640>unit <01:09:08.920>subject <01:09:09.239>to <01:09:09.400>Statewide 01:09:10.149 --> 01:09:10.159 align:start position:0% and is this unit subject to Statewide 01:09:10.159 --> 01:09:13.070 align:start position:0% and is this unit subject to Statewide spacing<01:09:11.159>yes <01:09:11.679>how <01:09:11.759>many <01:09:11.960>acres <01:09:12.239>does <01:09:12.359>it 01:09:13.070 --> 01:09:13.080 align:start position:0% spacing yes how many acres does it 01:09:13.080 --> 01:09:17.789 align:start position:0% spacing yes how many acres does it contain<01:09:14.080>uh <01:09:14.480>112. <01:09:15.480>69 <01:09:16.080>Acres <01:09:17.000>now <01:09:17.239>as <01:09:17.359>far <01:09:17.560>as 01:09:17.789 --> 01:09:17.799 align:start position:0% contain uh 112. 69 Acres now as far as 01:09:17.799 --> 01:09:20.070 align:start position:0% contain uh 112. 69 Acres now as far as the<01:09:18.159>parties <01:09:18.480>listed <01:09:18.719>on <01:09:18.880>exhibit <01:09:19.239>B3 <01:09:19.719>we <01:09:19.880>have 01:09:20.070 --> 01:09:20.080 align:start position:0% the parties listed on exhibit B3 we have 01:09:20.080 --> 01:09:22.870 align:start position:0% the parties listed on exhibit B3 we have provided<01:09:20.719>revised <01:09:21.359>exhibits <01:09:22.359>because <01:09:22.600>we've 01:09:22.870 --> 01:09:22.880 align:start position:0% provided revised exhibits because we've 01:09:22.880 --> 01:09:25.030 align:start position:0% provided revised exhibits because we've we<01:09:23.279>are <01:09:23.960>efforts <01:09:24.199>are <01:09:24.319>ongoing <01:09:24.759>is <01:09:24.880>that 01:09:25.030 --> 01:09:25.040 align:start position:0% we are efforts are ongoing is that 01:09:25.040 --> 01:09:27.269 align:start position:0% we are efforts are ongoing is that correct<01:09:25.839>yes 01:09:27.269 --> 01:09:27.279 align:start position:0% correct yes 01:09:27.279 --> 01:09:30.430 align:start position:0% correct yes okay<01:09:28.279>now <01:09:28.440>how <01:09:28.600>was <01:09:28.759>the <01:09:28.920>notice <01:09:29.239>of <01:09:29.480>this <01:09:30.040>uh 01:09:30.430 --> 01:09:30.440 align:start position:0% okay now how was the notice of this uh 01:09:30.440 --> 01:09:31.990 align:start position:0% okay now how was the notice of this uh hearing<01:09:30.799>provided <01:09:31.159>to <01:09:31.279>the <01:09:31.359>party's <01:09:31.759>listed 01:09:31.990 --> 01:09:32.000 align:start position:0% hearing provided to the party's listed 01:09:32.000 --> 01:09:33.269 align:start position:0% hearing provided to the party's listed on<01:09:32.199>exibit 01:09:33.269 --> 01:09:33.279 align:start position:0% on exibit 01:09:33.279 --> 01:09:36.189 align:start position:0% on exibit B3<01:09:34.279>um <01:09:34.440>notice <01:09:34.759>was <01:09:34.920>sent <01:09:35.199>by <01:09:35.400>certified <01:09:35.880>the <01:09:36.960>return <01:09:37.400>seat <01:09:37.679>requested <01:09:38.359>and <01:09:38.480>we 01:09:38.630 --> 01:09:38.640 align:start position:0% with the return seat requested and we 01:09:38.640 --> 01:09:40.149 align:start position:0% with the return seat requested and we provided<01:09:38.960>the <01:09:39.120>proof <01:09:39.319>of <01:09:39.440>our <01:09:39.560>mailing <01:09:39.920>to <01:09:40.040>the 01:09:40.149 --> 01:09:40.159 align:start position:0% provided the proof of our mailing to the 01:09:40.159 --> 01:09:42.590 align:start position:0% provided the proof of our mailing to the board<01:09:40.400>is <01:09:40.520>that <01:09:40.719>correct <01:09:41.520>yes <01:09:41.719>we <01:09:41.880>have <01:09:42.359>now <01:09:42.480>do 01:09:42.590 --> 01:09:42.600 align:start position:0% board is that correct yes we have now do 01:09:42.600 --> 01:09:44.309 align:start position:0% board is that correct yes we have now do we<01:09:42.719>have <01:09:42.799>any 01:09:44.309 --> 01:09:44.319 align:start position:0% we have any 01:09:44.319 --> 01:09:47.430 align:start position:0% we have any unknown<01:09:45.319>no <01:09:45.759>no <01:09:45.960>unknowns <01:09:46.759>okay <01:09:47.000>intervest 01:09:47.430 --> 01:09:47.440 align:start position:0% unknown no no unknowns okay intervest 01:09:47.440 --> 01:09:48.870 align:start position:0% unknown no no unknowns okay intervest has<01:09:47.560>authoriz <01:09:47.960>the <01:09:48.080>transact <01:09:48.480>business <01:09:48.759>in 01:09:48.870 --> 01:09:48.880 align:start position:0% has authoriz the transact business in 01:09:48.880 --> 01:09:50.829 align:start position:0% has authoriz the transact business in the<01:09:48.960>Commonwealth <01:09:49.440>correct <01:09:50.239>they <01:09:50.359>are <01:09:50.719>and 01:09:50.829 --> 01:09:50.839 align:start position:0% the Commonwealth correct they are and 01:09:50.839 --> 01:09:52.309 align:start position:0% the Commonwealth correct they are and there's<01:09:51.040>a <01:09:51.159>blanket <01:09:51.440>Bond <01:09:51.679>on <01:09:51.839>file <01:09:52.080>with <01:09:52.199>the 01:09:52.309 --> 01:09:52.319 align:start position:0% there's a blanket Bond on file with the 01:09:52.319 --> 01:09:54.950 align:start position:0% there's a blanket Bond on file with the Department<01:09:53.199>yes <01:09:53.359>there <01:09:53.560>is <01:09:54.080>and <01:09:54.279>if <01:09:54.679>uh <01:09:54.840>you 01:09:54.950 --> 01:09:54.960 align:start position:0% Department yes there is and if uh you 01:09:54.960 --> 01:09:56.630 align:start position:0% Department yes there is and if uh you were<01:09:55.280>able <01:09:55.520>to <01:09:55.719>reach <01:09:55.920>an <01:09:56.080>agreement <01:09:56.440>with <01:09:56.560>the 01:09:56.630 --> 01:09:56.640 align:start position:0% were able to reach an agreement with the 01:09:56.640 --> 01:09:58.750 align:start position:0% were able to reach an agreement with the parties<01:09:56.920>listed <01:09:57.199>on <01:09:57.400>exhibit <01:09:57.760>B3 <01:09:58.520>what <01:09:58.640>would 01:09:58.750 --> 01:09:58.760 align:start position:0% parties listed on exhibit B3 what would 01:09:58.760 --> 01:10:00.550 align:start position:0% parties listed on exhibit B3 what would be<01:09:58.880>the <01:09:59.000>terms <01:09:59.280>you <01:09:59.400>would <01:09:59.600>offer <01:09:59.880>for <01:10:00.120>an <01:10:00.239>only 01:10:00.550 --> 01:10:00.560 align:start position:0% be the terms you would offer for an only 01:10:00.560 --> 01:10:05.390 align:start position:0% be the terms you would offer for an only gas<01:10:00.840>Le <01:10:01.679>for <01:10:01.840>the <01:10:02.480>acreage <01:10:03.480>one8 01:10:05.390 --> 01:10:05.400 align:start position:0% gas Le for the acreage one8 01:10:05.400 --> 01:10:09.390 align:start position:0% gas Le for the acreage one8 royalty<01:10:06.400>um <01:10:07.000>$5 <01:10:07.640>an <01:10:07.840>acre <01:10:08.239>per <01:10:08.520>year <01:10:09.040>for <01:10:09.239>a 01:10:09.390 --> 01:10:09.400 align:start position:0% royalty um $5 an acre per year for a 01:10:09.400 --> 01:10:11.870 align:start position:0% royalty um $5 an acre per year for a paid<01:10:09.640>up <01:10:09.880>lease 01:10:11.870 --> 01:10:11.880 align:start position:0% paid up lease 01:10:11.880 --> 01:10:16.590 align:start position:0% paid up lease okay<01:10:12.880>what <01:10:13.480>does <01:10:14.239>um <01:10:15.239>the <01:10:15.679>inter <01:10:16.239>presently 01:10:16.590 --> 01:10:16.600 align:start position:0% okay what does um the inter presently 01:10:16.600 --> 01:10:18.430 align:start position:0% okay what does um the inter presently have<01:10:16.760>under 01:10:18.430 --> 01:10:18.440 align:start position:0% have under 01:10:18.440 --> 01:10:20.630 align:start position:0% have under lease<01:10:19.440>uh 01:10:20.630 --> 01:10:20.640 align:start position:0% lease uh 01:10:20.640 --> 01:10:22.870 align:start position:0% lease uh 3.88%<01:10:21.640>and <01:10:21.800>what <01:10:22.040>percentage <01:10:22.400>of <01:10:22.520>the <01:10:22.600>unit 01:10:22.870 --> 01:10:22.880 align:start position:0% 3.88% and what percentage of the unit 01:10:22.880 --> 01:10:24.470 align:start position:0% 3.88% and what percentage of the unit you<01:10:23.000>seeking <01:10:23.280>to <01:10:23.400>pull 01:10:24.470 --> 01:10:24.480 align:start position:0% you seeking to pull 01:10:24.480 --> 01:10:28.110 align:start position:0% you seeking to pull 69.1<01:10:25.480>2% <01:10:26.440>and <01:10:26.880>um <01:10:27.239>for <01:10:27.440>the <01:10:27.679>board's 01:10:28.110 --> 01:10:28.120 align:start position:0% 69.1 2% and um for the board's 01:10:28.120 --> 01:10:30.910 align:start position:0% 69.1 2% and um for the board's information<01:10:28.719>we <01:10:28.960>have <01:10:29.360>um <01:10:30.360>a <01:10:30.520>similar 01:10:30.910 --> 01:10:30.920 align:start position:0% information we have um a similar 01:10:30.920 --> 01:10:33.070 align:start position:0% information we have um a similar situation<01:10:31.400>we've <01:10:31.600>had <01:10:32.080>in <01:10:32.480>uh <01:10:32.640>previous 01:10:33.070 --> 01:10:33.080 align:start position:0% situation we've had in uh previous 01:10:33.080 --> 01:10:35.350 align:start position:0% situation we've had in uh previous pulling<01:10:33.520>applications <01:10:34.199>where <01:10:34.920>there's <01:10:35.159>an 01:10:35.350 --> 01:10:35.360 align:start position:0% pulling applications where there's an 01:10:35.360 --> 01:10:38.550 align:start position:0% pulling applications where there's an issue<01:10:35.760>between <01:10:36.679>um <01:10:37.400>Diversified <01:10:38.080>production 01:10:38.550 --> 01:10:38.560 align:start position:0% issue between um Diversified production 01:10:38.560 --> 01:10:40.590 align:start position:0% issue between um Diversified production and<01:10:38.719>several <01:10:39.040>of <01:10:39.120>the <01:10:39.239>royalty <01:10:39.679>owners <01:10:40.280>as <01:10:40.440>to 01:10:40.590 --> 01:10:40.600 align:start position:0% and several of the royalty owners as to 01:10:40.600 --> 01:10:43.750 align:start position:0% and several of the royalty owners as to whether<01:10:40.800>or <01:10:40.920>not <01:10:41.159>this <01:10:42.159>um <01:10:42.679>their <01:10:43.440>their 01:10:43.750 --> 01:10:43.760 align:start position:0% whether or not this um their their 01:10:43.760 --> 01:10:45.630 align:start position:0% whether or not this um their their interest<01:10:44.080>is <01:10:44.199>under <01:10:44.480>lease <01:10:44.960>so <01:10:45.159>we <01:10:45.280>list <01:10:45.520>them 01:10:45.630 --> 01:10:45.640 align:start position:0% interest is under lease so we list them 01:10:45.640 --> 01:10:48.110 align:start position:0% interest is under lease so we list them as<01:10:45.800>unleas <01:10:46.679>and <01:10:46.840>force <01:10:47.159>pool <01:10:47.400>them 01:10:48.110 --> 01:10:48.120 align:start position:0% as unleas and force pool them 01:10:48.120 --> 01:10:50.070 align:start position:0% as unleas and force pool them accordingly 01:10:50.070 --> 01:10:50.080 align:start position:0% accordingly 01:10:50.080 --> 01:10:52.430 align:start position:0% accordingly um<01:10:51.080>now <01:10:51.320>with <01:10:51.480>regard <01:10:51.760>to <01:10:51.880>this <01:10:52.000>unit <01:10:52.239>we <01:10:52.320>do 01:10:52.430 --> 01:10:52.440 align:start position:0% um now with regard to this unit we do 01:10:52.440 --> 01:10:53.870 align:start position:0% um now with regard to this unit we do have<01:10:52.520>an <01:10:52.640>escort <01:10:53.000>requirement <01:10:53.360>as <01:10:53.480>I <01:10:53.719>just 01:10:53.870 --> 01:10:53.880 align:start position:0% have an escort requirement as I just 01:10:53.880 --> 01:10:57.149 align:start position:0% have an escort requirement as I just indicated<01:10:54.360>is <01:10:54.480>that <01:10:54.760>right <01:10:55.320>yes <01:10:55.800>and <01:10:56.080>what <01:10:56.640>um 01:10:57.149 --> 01:10:57.159 align:start position:0% indicated is that right yes and what um 01:10:57.159 --> 01:10:58.390 align:start position:0% indicated is that right yes and what um what<01:10:57.320>percentage <01:10:57.679>of <01:10:57.800>the <01:10:57.920>unit <01:10:58.159>and <01:10:58.280>what 01:10:58.390 --> 01:10:58.400 align:start position:0% what percentage of the unit and what 01:10:58.400 --> 01:11:00.270 align:start position:0% what percentage of the unit and what tract<01:10:58.679>is <01:10:58.840>involved <01:10:59.199>in 01:11:00.270 --> 01:11:00.280 align:start position:0% tract is involved in 01:11:00.280 --> 01:11:05.310 align:start position:0% tract is involved in that<01:11:01.280>track <01:11:02.080>n <01:11:03.080>consisting <01:11:03.560>of 01:11:05.310 --> 01:11:05.320 align:start position:0% that track n consisting of 01:11:05.320 --> 01:11:08.189 align:start position:0% that track n consisting of 2711<01:11:06.320>per <01:11:06.719>of <01:11:06.880>the <01:11:07.040>unit <01:11:07.480>and <01:11:07.600>those <01:11:07.800>conflicts 01:11:08.189 --> 01:11:08.199 align:start position:0% 2711 per of the unit and those conflicts 01:11:08.199 --> 01:11:10.430 align:start position:0% 2711 per of the unit and those conflicts are<01:11:08.360>shown <01:11:08.880>on <01:11:09.440>our <01:11:09.679>application <01:11:10.120>is <01:11:10.280>that 01:11:10.430 --> 01:11:10.440 align:start position:0% are shown on our application is that 01:11:10.440 --> 01:11:12.630 align:start position:0% are shown on our application is that correct<01:11:10.960>yes <01:11:11.120>they <01:11:11.239>are <01:11:11.640>okay <01:11:12.280>are <01:11:12.400>you 01:11:12.630 --> 01:11:12.640 align:start position:0% correct yes they are okay are you 01:11:12.640 --> 01:11:14.390 align:start position:0% correct yes they are okay are you requesting<01:11:13.040>the <01:11:13.120>board <01:11:13.440>then <01:11:13.640>to <01:11:14.000>pull <01:11:14.280>the 01:11:14.390 --> 01:11:14.400 align:start position:0% requesting the board then to pull the 01:11:14.400 --> 01:11:17.350 align:start position:0% requesting the board then to pull the Unleased<01:11:14.800>parties <01:11:15.080>listed <01:11:15.400>on <01:11:15.520>exibit <01:11:16.000>B3 <01:11:17.000>yes 01:11:17.350 --> 01:11:17.360 align:start position:0% Unleased parties listed on exibit B3 yes 01:11:17.360 --> 01:11:18.910 align:start position:0% Unleased parties listed on exibit B3 yes and<01:11:17.520>then <01:11:17.679>intervest <01:11:18.120>be <01:11:18.239>named <01:11:18.480>the <01:11:18.600>operator 01:11:18.910 --> 01:11:18.920 align:start position:0% and then intervest be named the operator 01:11:18.920 --> 01:11:22.430 align:start position:0% and then intervest be named the operator for<01:11:19.120>this <01:11:19.280>unit <01:11:20.159>yes <01:11:20.960>and <01:11:21.159>if <01:11:21.840>um <01:11:22.040>elections 01:11:22.430 --> 01:11:22.440 align:start position:0% for this unit yes and if um elections 01:11:22.440 --> 01:11:24.790 align:start position:0% for this unit yes and if um elections are<01:11:22.640>made <01:11:23.120>under <01:11:23.679>any <01:11:23.880>order <01:11:24.159>granted <01:11:24.520>by <01:11:24.679>the 01:11:24.790 --> 01:11:24.800 align:start position:0% are made under any order granted by the 01:11:24.800 --> 01:11:26.830 align:start position:0% are made under any order granted by the board<01:11:25.640>what <01:11:25.800>would <01:11:25.920>be <01:11:26.040>the <01:11:26.159>address <01:11:26.480>use <01:11:26.719>for 01:11:26.830 --> 01:11:26.840 align:start position:0% board what would be the address use for 01:11:26.840 --> 01:11:28.750 align:start position:0% board what would be the address use for making<01:11:27.120>any 01:11:28.750 --> 01:11:28.760 align:start position:0% making any 01:11:28.760 --> 01:11:33.030 align:start position:0% making any elections<01:11:29.760>intervest <01:11:30.400>operating <01:11:31.360>LLC 01:11:33.030 --> 01:11:33.040 align:start position:0% elections intervest operating LLC 01:11:33.040 --> 01:11:38.110 align:start position:0% elections intervest operating LLC 408<01:11:34.040>West <01:11:34.360>Main <01:11:34.719>Street <01:11:35.360>Abington <01:11:35.960>Virginia 01:11:38.110 --> 01:11:38.120 align:start position:0% 408 West Main Street Abington Virginia 01:11:38.120 --> 01:11:40.950 align:start position:0% 408 West Main Street Abington Virginia 24210<01:11:39.120>attention <01:11:39.719>Kevin <01:11:40.000>Miller <01:11:40.600>vice 01:11:40.950 --> 01:11:40.960 align:start position:0% 24210 attention Kevin Miller vice 01:11:40.960 --> 01:11:43.470 align:start position:0% 24210 attention Kevin Miller vice president<01:11:41.800>lamb <01:11:42.800>and <01:11:42.960>that <01:11:43.040>would <01:11:43.159>be <01:11:43.320>the 01:11:43.470 --> 01:11:43.480 align:start position:0% president lamb and that would be the 01:11:43.480 --> 01:11:45.350 align:start position:0% president lamb and that would be the address<01:11:43.800>for <01:11:44.120>all <01:11:44.360>Communications <01:11:45.000>regarding 01:11:45.350 --> 01:11:45.360 align:start position:0% address for all Communications regarding 01:11:45.360 --> 01:11:46.870 align:start position:0% address for all Communications regarding an<01:11:45.520>order <01:11:45.760>entered <01:11:46.040>by <01:11:46.199>this <01:11:46.360>board <01:11:46.600>is <01:11:46.719>that 01:11:46.870 --> 01:11:46.880 align:start position:0% an order entered by this board is that 01:11:46.880 --> 01:11:50.070 align:start position:0% an order entered by this board is that correct<01:11:47.440>yes <01:11:47.639>it <01:11:47.800>would <01:11:48.400>and <01:11:48.800>um <01:11:49.520>in <01:11:49.679>addition 01:11:50.070 --> 01:11:50.080 align:start position:0% correct yes it would and um in addition 01:11:50.080 --> 01:11:53.750 align:start position:0% correct yes it would and um in addition to<01:11:50.960>U <01:11:51.159>the <01:11:51.280>land <01:11:52.040>um <01:11:52.760>the <01:11:52.880>land <01:11:53.159>aspects <01:11:53.600>of 01:11:53.750 --> 01:11:53.760 align:start position:0% to U the land um the land aspects of 01:11:53.760 --> 01:11:55.950 align:start position:0% to U the land um the land aspects of this<01:11:53.960>unit <01:11:54.719>are <01:11:54.840>you <01:11:55.000>also <01:11:55.280>familiar <01:11:55.679>with <01:11:55.840>the 01:11:55.950 --> 01:11:55.960 align:start position:0% this unit are you also familiar with the 01:11:55.960 --> 01:11:58.189 align:start position:0% this unit are you also familiar with the proposed<01:11:56.320>depth <01:11:56.560>of <01:11:56.679>this <01:11:56.880>well <01:11:57.600>yes <01:11:57.920>and <01:11:58.080>what 01:11:58.189 --> 01:11:58.199 align:start position:0% proposed depth of this well yes and what 01:11:58.199 --> 01:11:59.590 align:start position:0% proposed depth of this well yes and what would<01:11:58.360>that 01:11:59.590 --> 01:11:59.600 align:start position:0% would that 01:11:59.600 --> 01:12:01.270 align:start position:0% would that be 01:12:01.270 --> 01:12:01.280 align:start position:0% be 01:12:01.280 --> 01:12:03.709 align:start position:0% be 6,325<01:12:02.280>ft <01:12:02.800>and <01:12:02.920>what <01:12:03.000>are <01:12:03.159>the <01:12:03.280>estimated 01:12:03.709 --> 01:12:03.719 align:start position:0% 6,325 ft and what are the estimated 01:12:03.719 --> 01:12:06.390 align:start position:0% 6,325 ft and what are the estimated reserves<01:12:04.080>for <01:12:04.239>this <01:12:04.400>unit 01:12:06.390 --> 01:12:06.400 align:start position:0% reserves for this unit 01:12:06.400 --> 01:12:07.950 align:start position:0% reserves for this unit 106,000 01:12:07.950 --> 01:12:07.960 align:start position:0% 106,000 01:12:07.960 --> 01:12:12.790 align:start position:0% 106,000 1,6<01:12:09.159>mmcf <01:12:10.159>and <01:12:10.560>um <01:12:11.159>okay <01:12:11.520>thank <01:12:11.679>you <01:12:12.239>and <01:12:12.440>you 01:12:12.790 --> 01:12:12.800 align:start position:0% 1,6 mmcf and um okay thank you and you 01:12:12.800 --> 01:12:15.270 align:start position:0% 1,6 mmcf and um okay thank you and you uh<01:12:12.960>you <01:12:13.080>familiar <01:12:13.440>with <01:12:13.600>the <01:12:13.960>the <01:12:14.239>uh <01:12:14.920>proposed 01:12:15.270 --> 01:12:15.280 align:start position:0% uh you familiar with the the uh proposed 01:12:15.280 --> 01:12:17.270 align:start position:0% uh you familiar with the the uh proposed well<01:12:15.520>cost <01:12:15.800>as <01:12:16.000>well <01:12:16.520>yes <01:12:17.000>what's <01:12:17.159>the 01:12:17.270 --> 01:12:17.280 align:start position:0% well cost as well yes what's the 01:12:17.280 --> 01:12:20.629 align:start position:0% well cost as well yes what's the estimated<01:12:17.719>draw <01:12:18.000>hole <01:12:18.360>costs 01:12:20.629 --> 01:12:20.639 align:start position:0% estimated draw hole costs 01:12:20.639 --> 01:12:23.590 align:start position:0% estimated draw hole costs $453,500<01:12:21.639>an <01:12:22.440>estimated <01:12:22.880>completed <01:12:23.199>well 01:12:23.590 --> 01:12:23.600 align:start position:0% $453,500 an estimated completed well 01:12:23.600 --> 01:12:52.430 align:start position:0% $453,500 an estimated completed well cost 01:12:52.430 --> 01:12:52.440 align:start position:0% 01:12:52.440 --> 01:12:54.950 align:start position:0% $973,000<01:12:53.520>to <01:12:53.639>approve <01:12:54.199>we <01:12:54.320>have <01:12:54.400>a <01:12:54.520>motion <01:12:54.760>to 01:12:54.950 --> 01:12:54.960 align:start position:0% $973,000 to approve we have a motion to 01:12:54.960 --> 01:12:58.669 align:start position:0% $973,000 to approve we have a motion to approve<01:12:55.360>do <01:12:55.480>we <01:12:55.600>have <01:12:55.719>a <01:12:55.880>second 01:12:58.669 --> 01:12:58.679 align:start position:0% 01:12:58.679 --> 01:13:01.310 align:start position:0% second<01:12:59.679>and <01:12:59.880>those <01:13:00.120>motions <01:13:00.560>are <01:13:00.800>to <01:13:00.960>approve 01:13:01.310 --> 01:13:01.320 align:start position:0% second and those motions are to approve 01:13:01.320 --> 01:13:04.590 align:start position:0% second and those motions are to approve the<01:13:01.600>petition <01:13:02.000>that's <01:13:02.280>presented <01:13:02.960>corre <01:13:03.639>yes 01:13:04.590 --> 01:13:04.600 align:start position:0% the petition that's presented corre yes 01:13:04.600 --> 01:13:06.510 align:start position:0% the petition that's presented corre yes any 01:13:06.510 --> 01:13:06.520 align:start position:0% any 01:13:06.520 --> 01:13:08.990 align:start position:0% any discussion<01:13:07.520>M <01:13:07.960>Gilmer <01:13:08.360>will <01:13:08.480>you <01:13:08.639>pull <01:13:08.880>the 01:13:08.990 --> 01:13:09.000 align:start position:0% discussion M Gilmer will you pull the 01:13:09.000 --> 01:13:13.870 align:start position:0% discussion M Gilmer will you pull the board<01:13:09.400>Please <01:13:10.719>Mr <01:13:11.719>yes <01:13:12.000>Mr <01:13:12.360>Harris <01:13:13.199>yes <01:13:13.520>Mr 01:13:13.870 --> 01:13:13.880 align:start position:0% board Please Mr yes Mr Harris yes Mr 01:13:13.880 --> 01:13:18.790 align:start position:0% board Please Mr yes Mr Harris yes Mr rlin<01:13:14.880>I <01:13:15.080>obain <01:13:15.880>Mr <01:13:16.199>Jansen <01:13:17.120>yes <01:13:17.800>Mr 01:13:18.790 --> 01:13:18.800 align:start position:0% rlin I obain Mr Jansen yes Mr 01:13:18.800 --> 01:13:24.270 align:start position:0% rlin I obain Mr Jansen yes Mr Prather<01:13:19.840>yes <01:13:20.840>Mr <01:13:21.600>Cochran <01:13:22.600>yes 01:13:24.270 --> 01:13:24.280 align:start position:0% Prather yes Mr Cochran yes 01:13:24.280 --> 01:13:27.390 align:start position:0% Prather yes Mr Cochran yes thank<01:13:24.480>you <01:13:24.679>Mr <01:13:25.400>scottt <01:13:25.920>that <01:13:26.040>one <01:13:26.600>is <01:13:26.920>approved 01:13:27.390 --> 01:13:27.400 align:start position:0% thank you Mr scottt that one is approved 01:13:27.400 --> 01:13:28.390 align:start position:0% thank you Mr scottt that one is approved as 01:13:28.390 --> 01:13:28.400 align:start position:0% as 01:13:28.400 --> 01:13:30.350 align:start position:0% as presented<01:13:29.400>thank <01:13:29.520>you <01:13:29.600>m <01:13:29.880>next <01:13:30.040>we <01:13:30.199>have 01:13:30.350 --> 01:13:30.360 align:start position:0% presented thank you m next we have 01:13:30.360 --> 01:13:32.110 align:start position:0% presented thank you m next we have docket<01:13:30.719>item <01:13:30.960>number <01:13:31.199>10 <01:13:31.480>a <01:13:31.639>petition <01:13:31.960>from 01:13:32.110 --> 01:13:32.120 align:start position:0% docket item number 10 a petition from 01:13:32.120 --> 01:13:35.070 align:start position:0% docket item number 10 a petition from intervest<01:13:32.679>operating <01:13:33.159>LLC <01:13:33.639>for <01:13:33.840>pooling <01:13:34.199>unit 01:13:35.070 --> 01:13:35.080 align:start position:0% intervest operating LLC for pooling unit 01:13:35.080 --> 01:13:37.470 align:start position:0% intervest operating LLC for pooling unit v- 01:13:37.470 --> 01:13:37.480 align:start position:0% v- 01:13:37.480 --> 01:13:40.990 align:start position:0% v- 53583<01:13:38.480>docket <01:13:38.880>numbers <01:13:39.480>VG 01:13:40.990 --> 01:13:41.000 align:start position:0% 53583 docket numbers VG 01:13:41.000 --> 01:13:43.990 align:start position:0% 53583 docket numbers VG 23-11<01:13:42.040>21- 01:13:43.990 --> 01:13:44.000 align:start position:0% 23-11 21- 01:13:44.000 --> 01:13:47.629 align:start position:0% 23-11 21- 4278<01:13:45.000>all <01:13:45.239>parties <01:13:45.679>interested <01:13:46.199>please <01:13:46.480>come 01:13:47.629 --> 01:13:47.639 align:start position:0% 4278 all parties interested please come 01:13:47.639 --> 01:13:50.110 align:start position:0% 4278 all parties interested please come full<01:13:48.639>uh <01:13:48.800>Tim <01:13:49.000>Scott <01:13:49.360>and <01:13:49.440>Larry <01:13:49.679>Reeves <01:13:49.960>for 01:13:50.110 --> 01:13:50.120 align:start position:0% full uh Tim Scott and Larry Reeves for 01:13:50.120 --> 01:13:51.590 align:start position:0% full uh Tim Scott and Larry Reeves for intervest<01:13:50.560>operating 01:13:51.590 --> 01:13:51.600 align:start position:0% intervest operating 01:13:51.600 --> 01:13:55.270 align:start position:0% intervest operating LLC<01:13:52.600>thank <01:13:52.760>you <01:13:52.840>you <01:13:52.960>may <01:13:53.360>receed <01:13:53.679>Mr <01:13:54.280>Scott 01:13:55.270 --> 01:13:55.280 align:start position:0% LLC thank you you may receed Mr Scott 01:13:55.280 --> 01:13:56.870 align:start position:0% LLC thank you you may receed Mr Scott thank<01:13:55.440>you <01:13:55.679>uh <01:13:55.760>Mr <01:13:55.960>Rees <01:13:56.239>one <01:13:56.360>more <01:13:56.560>time <01:13:56.719>your 01:13:56.870 --> 01:13:56.880 align:start position:0% thank you uh Mr Rees one more time your 01:13:56.880 --> 01:13:58.470 align:start position:0% thank you uh Mr Rees one more time your name<01:13:57.120>by <01:13:57.280>whom <01:13:57.400>you're <01:13:57.520>employed <01:13:57.840>in <01:13:57.920>your <01:13:58.080>job 01:13:58.470 --> 01:13:58.480 align:start position:0% name by whom you're employed in your job 01:13:58.480 --> 01:14:00.910 align:start position:0% name by whom you're employed in your job description<01:13:59.480>Larry <01:13:59.800>Reeves <01:14:00.360>employed <01:14:00.800>by 01:14:00.910 --> 01:14:00.920 align:start position:0% description Larry Reeves employed by 01:14:00.920 --> 01:14:03.110 align:start position:0% description Larry Reeves employed by intervest<01:14:01.480>operating <01:14:01.880>as <01:14:02.000>a <01:14:02.159>landman <01:14:02.960>and 01:14:03.110 --> 01:14:03.120 align:start position:0% intervest operating as a landman and 01:14:03.120 --> 01:14:04.510 align:start position:0% intervest operating as a landman and you're<01:14:03.400>familiar <01:14:03.760>with <01:14:03.840>this <01:14:04.000>application <01:14:04.400>is 01:14:04.510 --> 01:14:04.520 align:start position:0% you're familiar with this application is 01:14:04.520 --> 01:14:07.030 align:start position:0% you're familiar with this application is that<01:14:04.719>correct <01:14:05.280>yes <01:14:05.480>sir <01:14:05.880>and <01:14:06.000>is <01:14:06.239>this <01:14:06.600>uh <01:14:06.719>unit 01:14:07.030 --> 01:14:07.040 align:start position:0% that correct yes sir and is this uh unit 01:14:07.040 --> 01:14:09.910 align:start position:0% that correct yes sir and is this uh unit located<01:14:07.400>in <01:14:07.520>the <01:14:07.600>nor <01:14:07.920>Koba <01:14:08.280>gas <01:14:08.520>field <01:14:09.360>it <01:14:09.520>is 01:14:09.910 --> 01:14:09.920 align:start position:0% located in the nor Koba gas field it is 01:14:09.920 --> 01:14:13.669 align:start position:0% located in the nor Koba gas field it is how<01:14:10.040>many <01:14:10.280>acres <01:14:10.639>does <01:14:10.800>this <01:14:11.000>contain <01:14:12.080>58.7 <01:14:13.080>s 01:14:13.669 --> 01:14:13.679 align:start position:0% how many acres does this contain 58.7 s 01:14:13.679 --> 01:14:16.750 align:start position:0% how many acres does this contain 58.7 s now<01:14:13.880>based <01:14:14.120>on <01:14:14.239>our <01:14:14.719>um <01:14:14.960>our <01:14:15.719>exhibits <01:14:16.159>to <01:14:16.400>the 01:14:16.750 --> 01:14:16.760 align:start position:0% now based on our um our exhibits to the 01:14:16.760 --> 01:14:19.350 align:start position:0% now based on our um our exhibits to the application<01:14:17.679>there's <01:14:17.920>a <01:14:18.239>substantial <01:14:19.239>uh 01:14:19.350 --> 01:14:19.360 align:start position:0% application there's a substantial uh 01:14:19.360 --> 01:14:20.870 align:start position:0% application there's a substantial uh number<01:14:19.600>of <01:14:19.760>acres <01:14:20.040>in <01:14:20.159>this <01:14:20.239>unit <01:14:20.480>under <01:14:20.679>lease 01:14:20.870 --> 01:14:20.880 align:start position:0% number of acres in this unit under lease 01:14:20.880 --> 01:14:22.629 align:start position:0% number of acres in this unit under lease to<01:14:21.000>intervest <01:14:21.400>presently <01:14:21.800>is <01:14:21.920>that <01:14:22.080>correct 01:14:22.629 --> 01:14:22.639 align:start position:0% to intervest presently is that correct 01:14:22.639 --> 01:14:24.750 align:start position:0% to intervest presently is that correct yes<01:14:22.800>there <01:14:23.000>is <01:14:23.360>are <01:14:23.480>we <01:14:23.600>going <01:14:23.800>to <01:14:24.120>dismiss <01:14:24.560>any 01:14:24.750 --> 01:14:24.760 align:start position:0% yes there is are we going to dismiss any 01:14:24.760 --> 01:14:26.550 align:start position:0% yes there is are we going to dismiss any parties<01:14:25.120>respondant <01:14:25.679>from <01:14:25.920>this <01:14:26.120>application 01:14:26.550 --> 01:14:26.560 align:start position:0% parties respondant from this application 01:14:26.560 --> 01:14:28.310 align:start position:0% parties respondant from this application today 01:14:28.310 --> 01:14:28.320 align:start position:0% today 01:14:28.320 --> 01:14:31.590 align:start position:0% today no<01:14:29.320>and <01:14:29.520>how <01:14:29.840>was <01:14:30.719>um <01:14:30.880>I <01:14:30.960>think <01:14:31.120>we <01:14:31.239>just <01:14:31.440>have 01:14:31.590 --> 01:14:31.600 align:start position:0% no and how was um I think we just have 01:14:31.600 --> 01:14:33.950 align:start position:0% no and how was um I think we just have one<01:14:31.800>party <01:14:32.080>responded <01:14:32.560>is <01:14:32.679>that <01:14:32.840>correct <01:14:33.480>yes 01:14:33.950 --> 01:14:33.960 align:start position:0% one party responded is that correct yes 01:14:33.960 --> 01:14:36.229 align:start position:0% one party responded is that correct yes and<01:14:34.120>how <01:14:34.280>was <01:14:34.400>he <01:14:34.520>notified <01:14:34.960>of <01:14:35.120>this <01:14:35.280>hearing 01:14:36.229 --> 01:14:36.239 align:start position:0% and how was he notified of this hearing 01:14:36.239 --> 01:14:38.270 align:start position:0% and how was he notified of this hearing uh<01:14:36.360>he <01:14:36.440>was <01:14:36.639>notified <01:14:37.120>by <01:14:37.440>certified <01:14:37.960>return <01:14:38.960>receipt <01:14:39.320>requested <01:14:40.280>we 01:14:40.430 --> 01:14:40.440 align:start position:0% with return receipt requested we 01:14:40.440 --> 01:14:41.669 align:start position:0% with return receipt requested we provided<01:14:40.760>the <01:14:40.840>proof <01:14:41.040>of <01:14:41.120>the <01:14:41.199>mailing <01:14:41.480>to <01:14:41.600>the 01:14:41.669 --> 01:14:41.679 align:start position:0% provided the proof of the mailing to the 01:14:41.679 --> 01:14:43.550 align:start position:0% provided the proof of the mailing to the board<01:14:41.920>is <01:14:42.040>that <01:14:42.199>correct <01:14:42.760>we <01:14:42.920>did <01:14:43.239>do <01:14:43.360>we <01:14:43.480>have 01:14:43.550 --> 01:14:43.560 align:start position:0% board is that correct we did do we have 01:14:43.560 --> 01:14:45.709 align:start position:0% board is that correct we did do we have an<01:14:43.679>escro <01:14:44.080>requirement <01:14:44.440>for <01:14:44.600>this <01:14:44.760>unit <01:14:45.520>no 01:14:45.709 --> 01:14:45.719 align:start position:0% an escro requirement for this unit no 01:14:45.719 --> 01:14:47.790 align:start position:0% an escro requirement for this unit no escro<01:14:46.280>and <01:14:46.480>again <01:14:46.800>intervest <01:14:47.239>is <01:14:47.400>authorized 01:14:47.790 --> 01:14:47.800 align:start position:0% escro and again intervest is authorized 01:14:47.800 --> 01:14:49.310 align:start position:0% escro and again intervest is authorized to<01:14:47.920>transact <01:14:48.360>business <01:14:48.600>in <01:14:48.719>the <01:14:48.840>Commonwealth 01:14:49.310 --> 01:14:49.320 align:start position:0% to transact business in the Commonwealth 01:14:49.320 --> 01:14:51.470 align:start position:0% to transact business in the Commonwealth correct<01:14:50.080>yes <01:14:50.480>and <01:14:50.600>we <01:14:50.719>do <01:14:50.880>have <01:14:51.000>a <01:14:51.120>blanket 01:14:51.470 --> 01:14:51.480 align:start position:0% correct yes and we do have a blanket 01:14:51.480 --> 01:14:53.750 align:start position:0% correct yes and we do have a blanket Bond<01:14:51.719>on <01:14:51.960>file <01:14:52.760>yes <01:14:52.920>we <01:14:53.040>do <01:14:53.360>and <01:14:53.520>if <01:14:53.600>you're 01:14:53.750 --> 01:14:53.760 align:start position:0% Bond on file yes we do and if you're 01:14:53.760 --> 01:14:54.990 align:start position:0% Bond on file yes we do and if you're able<01:14:53.960>to <01:14:54.040>reach <01:14:54.239>an <01:14:54.360>agreement <01:14:54.719>with <01:14:54.840>the 01:14:54.990 --> 01:14:55.000 align:start position:0% able to reach an agreement with the 01:14:55.000 --> 01:14:56.870 align:start position:0% able to reach an agreement with the gentleman<01:14:55.360>listed <01:14:55.639>on <01:14:55.880>exhibit <01:14:56.239>B3 <01:14:56.760>what 01:14:56.870 --> 01:14:56.880 align:start position:0% gentleman listed on exhibit B3 what 01:14:56.880 --> 01:14:58.629 align:start position:0% gentleman listed on exhibit B3 what would<01:14:57.000>be <01:14:57.159>the <01:14:57.280>terms <01:14:57.920>that <01:14:58.080>you <01:14:58.159>would <01:14:58.360>offer 01:14:58.629 --> 01:14:58.639 align:start position:0% would be the terms that you would offer 01:14:58.639 --> 01:15:03.110 align:start position:0% would be the terms that you would offer for<01:14:59.239>uh <01:14:59.560>for <01:14:59.760>lease <01:15:00.040>in <01:15:00.199>this <01:15:00.600>area <01:15:01.600>$5 <01:15:02.159>an <01:15:02.360>acre 01:15:03.110 --> 01:15:03.120 align:start position:0% for uh for lease in this area $5 an acre 01:15:03.120 --> 01:15:06.830 align:start position:0% for uh for lease in this area $5 an acre per<01:15:04.120>$5 <01:15:04.800>per <01:15:05.000>acre <01:15:05.320>per <01:15:05.480>year <01:15:05.679>for <01:15:05.920>a <01:15:06.040>one8 <01:15:06.639>paid 01:15:06.830 --> 01:15:06.840 align:start position:0% per $5 per acre per year for a one8 paid 01:15:06.840 --> 01:15:09.310 align:start position:0% per $5 per acre per year for a one8 paid up<01:15:07.239>lease <01:15:08.239>that's <01:15:08.440>reasonable <01:15:08.880>compensation 01:15:09.310 --> 01:15:09.320 align:start position:0% up lease that's reasonable compensation 01:15:09.320 --> 01:15:11.669 align:start position:0% up lease that's reasonable compensation for<01:15:09.440>a <01:15:09.520>lease <01:15:09.719>in <01:15:09.840>this <01:15:10.000>area <01:15:10.480>yes <01:15:10.600>sir <01:15:11.000>okay 01:15:11.669 --> 01:15:11.679 align:start position:0% for a lease in this area yes sir okay 01:15:11.679 --> 01:15:13.750 align:start position:0% for a lease in this area yes sir okay what<01:15:11.880>percentage <01:15:12.239>of <01:15:12.440>the <01:15:12.920>uh <01:15:13.280>the <01:15:13.400>unit <01:15:13.679>you 01:15:13.750 --> 01:15:13.760 align:start position:0% what percentage of the uh the unit you 01:15:13.760 --> 01:15:19.149 align:start position:0% what percentage of the uh the unit you have<01:15:13.880>under <01:15:14.159>lease <01:15:14.880>presently 01:15:19.149 --> 01:15:19.159 align:start position:0% 01:15:19.159 --> 01:15:22.750 align:start position:0% 97.98%<01:15:20.199>and <01:15:21.199>there <01:15:21.520>is <01:15:21.840>there <01:15:22.000>is <01:15:22.360>uh <01:15:22.560>some 01:15:22.750 --> 01:15:22.760 align:start position:0% 97.98% and there is there is uh some 01:15:22.760 --> 01:15:25.629 align:start position:0% 97.98% and there is there is uh some portion<01:15:23.040>of <01:15:23.560>that <01:15:23.679>AC <01:15:24.120>that <01:15:24.800>intervest <01:15:25.360>owns 01:15:25.629 --> 01:15:25.639 align:start position:0% portion of that AC that intervest owns 01:15:25.639 --> 01:15:28.550 align:start position:0% portion of that AC that intervest owns and<01:15:25.800>Fe <01:15:26.040>simple <01:15:26.440>correct <01:15:27.280>yes <01:15:27.600>okay <01:15:28.239>and <01:15:28.400>what 01:15:28.550 --> 01:15:28.560 align:start position:0% and Fe simple correct yes okay and what 01:15:28.560 --> 01:15:29.910 align:start position:0% and Fe simple correct yes okay and what percentage<01:15:28.920>of <01:15:29.120>the <01:15:29.400>uh <01:15:29.480>unit <01:15:29.719>are <01:15:29.800>you 01:15:29.910 --> 01:15:29.920 align:start position:0% percentage of the uh unit are you 01:15:29.920 --> 01:15:34.149 align:start position:0% percentage of the uh unit are you seeking<01:15:30.159>to <01:15:30.280>pull <01:15:31.000>today <01:15:32.000>uh <01:15:32.159>pulling 01:15:34.149 --> 01:15:34.159 align:start position:0% seeking to pull today uh pulling 01:15:34.159 --> 01:15:38.669 align:start position:0% seeking to pull today uh pulling 2.04<01:15:35.560>6649 <01:15:36.760>per. <01:15:37.760>asking <01:15:38.000>that <01:15:38.159>intervest <01:15:38.600>be 01:15:38.669 --> 01:15:38.679 align:start position:0% 2.04 6649 per. asking that intervest be 01:15:38.679 --> 01:15:41.390 align:start position:0% 2.04 6649 per. asking that intervest be named<01:15:38.920>the <01:15:39.000>operator <01:15:39.400>for <01:15:39.560>this <01:15:39.679>unit <01:15:40.360>yes <01:15:41.040>and 01:15:41.390 --> 01:15:41.400 align:start position:0% named the operator for this unit yes and 01:15:41.400 --> 01:15:43.030 align:start position:0% named the operator for this unit yes and um<01:15:41.679>if <01:15:41.800>the <01:15:41.880>board <01:15:42.120>grants <01:15:42.400>our <01:15:42.600>application 01:15:43.030 --> 01:15:43.040 align:start position:0% um if the board grants our application 01:15:43.040 --> 01:15:45.669 align:start position:0% um if the board grants our application today<01:15:43.400>what <01:15:43.480>would <01:15:43.639>be <01:15:43.760>the <01:15:43.840>address <01:15:44.280>used <01:15:45.280>by 01:15:45.669 --> 01:15:45.679 align:start position:0% today what would be the address used by 01:15:45.679 --> 01:15:48.550 align:start position:0% today what would be the address used by the<01:15:45.800>gentleman <01:15:46.199>listed <01:15:46.520>on <01:15:46.880>exhibit <01:15:47.400>B3 <01:15:48.400>he 01:15:48.550 --> 01:15:48.560 align:start position:0% the gentleman listed on exhibit B3 he 01:15:48.560 --> 01:15:51.229 align:start position:0% the gentleman listed on exhibit B3 he makes<01:15:48.760>an <01:15:48.920>election <01:15:49.280>under <01:15:49.480>an <01:15:49.639>order <01:15:50.480>um 01:15:51.229 --> 01:15:51.239 align:start position:0% makes an election under an order um 01:15:51.239 --> 01:15:54.550 align:start position:0% makes an election under an order um entered<01:15:51.600>by <01:15:51.719>the <01:15:52.199>board <01:15:53.280>intervest <01:15:53.920>operating 01:15:54.550 --> 01:15:54.560 align:start position:0% entered by the board intervest operating 01:15:54.560 --> 01:15:58.110 align:start position:0% entered by the board intervest operating LLC<01:15:55.560>408 <01:15:56.440>West <01:15:56.760>Main <01:15:57.080>Street <01:15:57.600>Abington 01:15:58.110 --> 01:15:58.120 align:start position:0% LLC 408 West Main Street Abington 01:15:58.120 --> 01:15:59.709 align:start position:0% LLC 408 West Main Street Abington Virginia 01:15:59.709 --> 01:15:59.719 align:start position:0% Virginia 01:15:59.719 --> 01:16:02.590 align:start position:0% Virginia 24210<01:16:00.719>attention <01:16:01.360>Kevin <01:16:01.679>Miller <01:16:02.320>vice 01:16:02.590 --> 01:16:02.600 align:start position:0% 24210 attention Kevin Miller vice 01:16:02.600 --> 01:16:03.629 align:start position:0% 24210 attention Kevin Miller vice president 01:16:03.629 --> 01:16:03.639 align:start position:0% president 01:16:03.639 --> 01:16:05.669 align:start position:0% president land<01:16:04.639>and <01:16:04.760>that <01:16:04.840>would <01:16:04.960>be <01:16:05.120>the <01:16:05.239>address <01:16:05.520>for 01:16:05.669 --> 01:16:05.679 align:start position:0% land and that would be the address for 01:16:05.679 --> 01:16:08.510 align:start position:0% land and that would be the address for all<01:16:05.880>Communications <01:16:06.800>yes <01:16:06.920>it <01:16:07.400>okay <01:16:08.080>and <01:16:08.320>with 01:16:08.510 --> 01:16:08.520 align:start position:0% all Communications yes it okay and with 01:16:08.520 --> 01:16:11.550 align:start position:0% all Communications yes it okay and with regard<01:16:08.880>to <01:16:09.639>um <01:16:10.280>the <01:16:10.440>operational <01:16:11.040>aspects <01:16:11.360>of 01:16:11.550 --> 01:16:11.560 align:start position:0% regard to um the operational aspects of 01:16:11.560 --> 01:16:12.950 align:start position:0% regard to um the operational aspects of this<01:16:11.719>unit <01:16:12.159>are <01:16:12.280>you <01:16:12.400>familiar <01:16:12.719>with <01:16:12.840>the 01:16:12.950 --> 01:16:12.960 align:start position:0% this unit are you familiar with the 01:16:12.960 --> 01:16:15.350 align:start position:0% this unit are you familiar with the proposed<01:16:13.360>depth <01:16:13.600>of <01:16:13.719>this <01:16:13.880>unit <01:16:14.560>yes <01:16:14.960>depth <01:16:15.199>is 01:16:15.350 --> 01:16:15.360 align:start position:0% proposed depth of this unit yes depth is 01:16:15.360 --> 01:16:17.669 align:start position:0% proposed depth of this unit yes depth is 2,300<01:16:16.120>feet <01:16:16.840>what <01:16:16.920>are <01:16:17.040>the <01:16:17.159>estimated 01:16:17.669 --> 01:16:17.679 align:start position:0% 2,300 feet what are the estimated 01:16:17.679 --> 01:16:21.189 align:start position:0% 2,300 feet what are the estimated reserves<01:16:18.639>700 <01:16:19.440>mmcf <01:16:20.440>are <01:16:20.560>you <01:16:20.719>also <01:16:20.920>familiar 01:16:21.189 --> 01:16:21.199 align:start position:0% reserves 700 mmcf are you also familiar 01:16:21.199 --> 01:16:23.750 align:start position:0% reserves 700 mmcf are you also familiar with<01:16:21.280>the <01:16:21.400>well <01:16:21.719>cost <01:16:22.560>yes <01:16:23.280>and <01:16:23.480>what's <01:16:23.639>the 01:16:23.750 --> 01:16:23.760 align:start position:0% with the well cost yes and what's the 01:16:23.760 --> 01:16:27.070 align:start position:0% with the well cost yes and what's the estimated<01:16:24.159>dry <01:16:24.400>hole <01:16:24.880>cost <01:16:25.880>out <01:16:26.400>uh <01:16:26.520>dry <01:16:26.800>hole 01:16:27.070 --> 01:16:27.080 align:start position:0% estimated dry hole cost out uh dry hole 01:16:27.080 --> 01:16:29.550 align:start position:0% estimated dry hole cost out uh dry hole is<01:16:27.280>$ 01:16:29.550 --> 01:16:29.560 align:start position:0% 01:16:29.560 --> 01:16:32.149 align:start position:0% 27,32<01:16:30.560>and <01:16:30.679>the <01:16:30.760>estimated <01:16:31.520>completed <01:16:31.880>well 01:16:32.149 --> 01:16:32.159 align:start position:0% 27,32 and the estimated completed well 01:16:32.159 --> 01:16:35.030 align:start position:0% 27,32 and the estimated completed well cost<01:16:33.040>completed <01:16:33.560>is 01:16:35.030 --> 01:16:35.040 align:start position:0% cost completed is 01:16:35.040 --> 01:16:37.990 align:start position:0% cost completed is $63,800<01:16:36.040>and <01:16:37.040>so <01:16:37.159>in <01:16:37.280>your <01:16:37.440>opinion <01:16:37.760>if <01:16:37.880>the 01:16:37.990 --> 01:16:38.000 align:start position:0% $63,800 and so in your opinion if the 01:16:38.000 --> 01:16:40.110 align:start position:0% $63,800 and so in your opinion if the board<01:16:38.199>grants <01:16:38.480>our <01:16:38.679>application <01:16:39.159>today <01:16:40.000>it 01:16:40.110 --> 01:16:40.120 align:start position:0% board grants our application today it 01:16:40.120 --> 01:16:41.830 align:start position:0% board grants our application today it would<01:16:40.320>promote <01:16:40.679>conservation <01:16:41.280>prevent <01:16:41.600>waste 01:16:41.830 --> 01:16:41.840 align:start position:0% would promote conservation prevent waste 01:16:41.840 --> 01:16:43.310 align:start position:0% would promote conservation prevent waste and<01:16:42.000>protect <01:16:42.320>correlative <01:16:42.760>rights <01:16:43.040>is <01:16:43.159>that 01:16:43.310 --> 01:16:43.320 align:start position:0% and protect correlative rights is that 01:16:43.320 --> 01:16:45.950 align:start position:0% and protect correlative rights is that correct<01:16:44.000>yes <01:16:44.280>sir <01:16:45.280>that's <01:16:45.440>all <01:16:45.560>I <01:16:45.679>have <01:16:45.800>from 01:16:45.950 --> 01:16:45.960 align:start position:0% correct yes sir that's all I have from 01:16:45.960 --> 01:16:48.310 align:start position:0% correct yes sir that's all I have from Mr<01:16:46.159>Reeves <01:16:46.480>on <01:16:46.600>this <01:16:46.760>stock <01:16:47.000>at 01:16:48.310 --> 01:16:48.320 align:start position:0% Mr Reeves on this stock at 01:16:48.320 --> 01:16:50.870 align:start position:0% Mr Reeves on this stock at item<01:16:49.320>thank <01:16:49.480>you <01:16:49.639>Mr <01:16:49.920>Scott <01:16:50.320>any <01:16:50.520>questions 01:16:50.870 --> 01:16:50.880 align:start position:0% item thank you Mr Scott any questions 01:16:50.880 --> 01:16:52.070 align:start position:0% item thank you Mr Scott any questions from<01:16:51.120>the 01:16:52.070 --> 01:16:52.080 align:start position:0% from the 01:16:52.080 --> 01:16:57.310 align:start position:0% from the board 01:16:57.310 --> 01:16:57.320 align:start position:0% 01:16:57.320 --> 01:17:00.270 align:start position:0% hearing<01:16:57.600>none <01:16:57.920>anything <01:16:58.239>further <01:16:58.639>Mr <01:16:59.280>Scott 01:17:00.270 --> 01:17:00.280 align:start position:0% hearing none anything further Mr Scott 01:17:00.280 --> 01:17:02.870 align:start position:0% hearing none anything further Mr Scott that's<01:17:00.440>all <01:17:00.560>I <01:17:00.719>have <01:17:00.880>Mr 01:17:02.870 --> 01:17:02.880 align:start position:0% that's all I have Mr 01:17:02.880 --> 01:17:06.070 align:start position:0% that's all I have Mr chairman<01:17:03.880>the <01:17:04.000>board <01:17:04.239>operates <01:17:04.600>on <01:17:04.719>a 01:17:06.070 --> 01:17:06.080 align:start position:0% chairman the board operates on a 01:17:06.080 --> 01:17:08.990 align:start position:0% chairman the board operates on a motion<01:17:07.080>uh <01:17:07.320>motion <01:17:07.639>for 01:17:08.990 --> 01:17:09.000 align:start position:0% motion uh motion for 01:17:09.000 --> 01:17:11.910 align:start position:0% motion uh motion for approval<01:17:10.000>we <01:17:10.120>have <01:17:10.239>a <01:17:10.400>motion <01:17:11.080>do <01:17:11.199>we <01:17:11.320>have <01:17:11.440>a 01:17:11.910 --> 01:17:11.920 align:start position:0% approval we have a motion do we have a 01:17:11.920 --> 01:17:14.550 align:start position:0% approval we have a motion do we have a second<01:17:12.920>second <01:17:13.840>we <01:17:13.920>have <01:17:14.040>a <01:17:14.120>motion <01:17:14.320>and <01:17:14.440>a 01:17:14.550 --> 01:17:14.560 align:start position:0% second second we have a motion and a 01:17:14.560 --> 01:17:17.870 align:start position:0% second second we have a motion and a second<01:17:14.880>any 01:17:17.870 --> 01:17:17.880 align:start position:0% 01:17:17.880 --> 01:17:20.030 align:start position:0% discussion<01:17:18.880>Miss <01:17:19.080>Gilmer <01:17:19.440>will <01:17:19.560>you <01:17:19.679>pull <01:17:19.920>the 01:17:20.030 --> 01:17:20.040 align:start position:0% discussion Miss Gilmer will you pull the 01:17:20.040 --> 01:17:21.550 align:start position:0% discussion Miss Gilmer will you pull the board 01:17:21.550 --> 01:17:21.560 align:start position:0% board 01:17:21.560 --> 01:17:26.750 align:start position:0% board please<01:17:22.560>yes <01:17:23.080>Mr <01:17:23.320>Harris <01:17:24.040>yes <01:17:24.400>Mr <01:17:24.760>R <01:17:25.320>Iain <01:17:26.320>Mr 01:17:26.750 --> 01:17:26.760 align:start position:0% please yes Mr Harris yes Mr R Iain Mr 01:17:26.760 --> 01:17:29.070 align:start position:0% please yes Mr Harris yes Mr R Iain Mr Janson<01:17:27.760>yes <01:17:28.159>Mr 01:17:29.070 --> 01:17:29.080 align:start position:0% Janson yes Mr 01:17:29.080 --> 01:17:34.149 align:start position:0% Janson yes Mr pther<01:17:30.159>yes <01:17:31.159>and <01:17:31.320>Mr <01:17:32.120>cauan 01:17:34.149 --> 01:17:34.159 align:start position:0% pther yes and Mr cauan 01:17:34.159 --> 01:17:36.750 align:start position:0% pther yes and Mr cauan yes<01:17:35.159>that <01:17:35.320>one <01:17:35.480>is <01:17:35.639>approved <01:17:36.040>this <01:17:36.320>percentage 01:17:36.750 --> 01:17:36.760 align:start position:0% yes that one is approved this percentage 01:17:36.760 --> 01:17:39.110 align:start position:0% yes that one is approved this percentage Mr<01:17:37.040>Scott <01:17:37.760>thank <01:17:37.920>you <01:17:38.080>for <01:17:38.239>all <01:17:38.400>your <01:17:38.560>work 01:17:39.110 --> 01:17:39.120 align:start position:0% Mr Scott thank you for all your work 01:17:39.120 --> 01:17:42.550 align:start position:0% Mr Scott thank you for all your work chairman<01:17:40.120>thank <01:17:40.320>you <01:17:41.199>um <01:17:41.840>Happy <01:17:42.080>Thanksgiving 01:17:42.550 --> 01:17:42.560 align:start position:0% chairman thank you um Happy Thanksgiving 01:17:42.560 --> 01:17:43.510 align:start position:0% chairman thank you um Happy Thanksgiving to<01:17:42.719>you 01:17:43.510 --> 01:17:43.520 align:start position:0% to you 01:17:43.520 --> 01:17:46.149 align:start position:0% to you all<01:17:44.520>thank <01:17:44.679>you <01:17:45.040>thank <01:17:45.199>you <01:17:45.480>same <01:17:45.719>to <01:17:45.840>you <01:17:46.080>I 01:17:46.149 --> 01:17:46.159 align:start position:0% all thank you thank you same to you I 01:17:46.159 --> 01:17:48.709 align:start position:0% all thank you thank you same to you I don't<01:17:46.280>know <01:17:46.480>if <01:17:46.600>you <01:17:46.719>were <01:17:47.040>on <01:17:47.239>earlier <01:17:47.840>but 01:17:48.709 --> 01:17:48.719 align:start position:0% don't know if you were on earlier but 01:17:48.719 --> 01:17:51.629 align:start position:0% don't know if you were on earlier but we<01:17:49.719>we <01:17:49.880>will <01:17:50.080>not <01:17:50.280>have <01:17:50.440>a <01:17:50.639>December 01:17:51.629 --> 01:17:51.639 align:start position:0% we we will not have a December 01:17:51.639 --> 01:17:54.950 align:start position:0% we we will not have a December meeting<01:17:52.639>I <01:17:52.760>was <01:17:53.159>we <01:17:53.239>were <01:17:53.440>present <01:17:53.840>yes <01:17:54.000>sir 01:17:54.950 --> 01:17:54.960 align:start position:0% meeting I was we were present yes sir 01:17:54.960 --> 01:17:57.070 align:start position:0% meeting I was we were present yes sir okay<01:17:55.280>thank <01:17:55.600>be <01:17:55.679>January <01:17:56.040>the <01:17:56.199>16th <01:17:56.760>is <01:17:56.920>that 01:17:57.070 --> 01:17:57.080 align:start position:0% okay thank be January the 16th is that 01:17:57.080 --> 01:18:00.070 align:start position:0% okay thank be January the 16th is that correct<01:17:57.800>that's <01:17:58.400>correct <01:17:59.400>okay <01:17:59.679>perfect 01:18:00.070 --> 01:18:00.080 align:start position:0% correct that's correct okay perfect 01:18:00.080 --> 01:18:01.830 align:start position:0% correct that's correct okay perfect thank<01:18:00.320>you <01:18:01.040>thank 01:18:01.830 --> 01:18:01.840 align:start position:0% thank you thank 01:18:01.840 --> 01:18:04.669 align:start position:0% thank you thank you<01:18:02.840>the <01:18:02.960>board <01:18:03.199>will <01:18:03.360>now <01:18:03.600>receive <01:18:03.920>an <01:18:04.080>update 01:18:04.669 --> 01:18:04.679 align:start position:0% you the board will now receive an update 01:18:04.679 --> 01:18:12.709 align:start position:0% you the board will now receive an update from<01:18:05.239>the 01:18:12.709 --> 01:18:12.719 align:start position:0% 01:18:12.719 --> 01:18:14.629 align:start position:0% staff<01:18:13.719>BL 01:18:14.629 --> 01:18:14.639 align:start position:0% staff BL 01:18:14.639 --> 01:18:16.510 align:start position:0% staff BL yourself<01:18:15.639>that's 01:18:16.510 --> 01:18:16.520 align:start position:0% yourself that's 01:18:16.520 --> 01:18:19.030 align:start position:0% yourself that's important<01:18:17.520>it <01:18:17.719>is <01:18:17.960>I <01:18:18.040>don't <01:18:18.239>have <01:18:18.360>to <01:18:18.560>abstain 01:18:19.030 --> 01:18:19.040 align:start position:0% important it is I don't have to abstain 01:18:19.040 --> 01:18:20.149 align:start position:0% important it is I don't have to abstain on 01:18:20.149 --> 01:18:20.159 align:start position:0% on 01:18:20.159 --> 01:18:23.229 align:start position:0% on that<01:18:21.159>thank <01:18:21.320>you <01:18:21.960>thank <01:18:22.320>thank <01:18:22.520>everyone <01:18:23.040>for 01:18:23.229 --> 01:18:23.239 align:start position:0% that thank you thank thank everyone for 01:18:23.239 --> 01:18:25.229 align:start position:0% that thank you thank thank everyone for their<01:18:23.560>participation <01:18:24.280>and <01:18:24.400>hope <01:18:24.679>everyone 01:18:25.229 --> 01:18:25.239 align:start position:0% their participation and hope everyone 01:18:25.239 --> 01:18:27.550 align:start position:0% their participation and hope everyone has<01:18:25.520>a <01:18:26.159>great <01:18:26.560>Thanksgiving <01:18:27.280>Happy 01:18:27.550 --> 01:18:27.560 align:start position:0% has a great Thanksgiving Happy 01:18:27.560 --> 01:18:29.709 align:start position:0% has a great Thanksgiving Happy Thanksgiving<01:18:28.120>good <01:18:28.360>safe <01:18:28.639>holiday <01:18:29.239>so 01:18:29.709 --> 01:18:29.719 align:start position:0% Thanksgiving good safe holiday so 01:18:29.719 --> 01:18:31.870 align:start position:0% Thanksgiving good safe holiday so appreciate<01:18:30.159>everybody <01:18:30.520>enjoin <01:18:31.000>holidays 01:18:31.870 --> 01:18:31.880 align:start position:0% appreciate everybody enjoin holidays 01:18:31.880 --> 01:18:34.790 align:start position:0% appreciate everybody enjoin holidays thank<01:18:32.040>you <01:18:32.440>thank <01:18:32.600>you <01:18:33.600>we'll <01:18:33.800>now <01:18:34.120>review <01:18:34.560>the 01:18:34.790 --> 01:18:34.800 align:start position:0% thank you thank you we'll now review the 01:18:34.800 --> 01:18:38.470 align:start position:0% thank you thank you we'll now review the September<01:18:35.480>23 <01:18:36.480>uh <01:18:36.639>minutes <01:18:37.080>that <01:18:37.239>Miss <01:18:37.480>Gilmer 01:18:38.470 --> 01:18:38.480 align:start position:0% September 23 uh minutes that Miss Gilmer 01:18:38.480 --> 01:18:40.950 align:start position:0% September 23 uh minutes that Miss Gilmer provided<01:18:39.480>and <01:18:39.679>do <01:18:39.840>I <01:18:40.000>have <01:18:40.080>a <01:18:40.239>motion <01:18:40.639>to 01:18:40.950 --> 01:18:40.960 align:start position:0% provided and do I have a motion to 01:18:40.960 --> 01:18:43.550 align:start position:0% provided and do I have a motion to approve<01:18:41.280>the <01:18:41.440>minutes <01:18:41.800>as 01:18:43.550 --> 01:18:43.560 align:start position:0% approve the minutes as 01:18:43.560 --> 01:18:45.750 align:start position:0% approve the minutes as presented<01:18:44.560>I'll <01:18:44.760>make <01:18:44.920>a <01:18:45.080>motion <01:18:45.360>for 01:18:45.750 --> 01:18:45.760 align:start position:0% presented I'll make a motion for 01:18:45.760 --> 01:18:48.709 align:start position:0% presented I'll make a motion for approval<01:18:46.280>of <01:18:46.440>the <01:18:47.040>minutes <01:18:48.040>we <01:18:48.159>have <01:18:48.280>a <01:18:48.400>motion 01:18:48.709 --> 01:18:48.719 align:start position:0% approval of the minutes we have a motion 01:18:48.719 --> 01:18:51.709 align:start position:0% approval of the minutes we have a motion we<01:18:48.880>have <01:18:49.120>second <01:18:49.800>all <01:18:50.040>those <01:18:50.239>in 01:18:51.709 --> 01:18:51.719 align:start position:0% we have second all those in 01:18:51.719 --> 01:18:57.310 align:start position:0% we have second all those in favor<01:18:52.719>yes <01:18:53.400>yes <01:18:54.120>yes <01:18:55.120>thank <01:18:55.320>you <01:18:56.320>we <01:18:56.480>stand <01:18:56.800>and 01:18:57.310 --> 01:18:57.320 align:start position:0% favor yes yes yes thank you we stand and 01:18:57.320 --> 01:19:11.430 align:start position:0% favor yes yes yes thank you we stand and journ<01:18:58.320>thank <01:18:58.480>you 01:19:11.430 --> 01:19:11.440 align:start position:0% 01:19:11.440 --> 01:19:14.440 align:start position:0% everyone