No Moss 3 Landfill Online Library › YouTube Archive › @VADMME › 2024-02-21-Virginia Gas and Oil Board Meeting February 20th, 2024 Recording Meeting
Virginia Gas and Oil Board Meeting February 20th, 2024 Recording Meeting
Virginia's Gas and Oil Board Meeting was held on February 20th 2024
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WEBVTT Kind: captions Language: en 00:00:03.919 --> 00:00:05.309 align:start position:0% okay<00:00:04.120>good <00:00:04.279>morning <00:00:04.600>everyone <00:00:04.920>it's <00:00:05.120>10 00:00:05.309 --> 00:00:05.319 align:start position:0% okay good morning everyone it's 10 00:00:05.319 --> 00:00:07.909 align:start position:0% okay good morning everyone it's 10 o'clock<00:00:05.799>we'd <00:00:06.040>like <00:00:06.160>to <00:00:06.319>welcome <00:00:06.680>you <00:00:06.839>to <00:00:07.120>the 00:00:07.909 --> 00:00:07.919 align:start position:0% o'clock we'd like to welcome you to the 00:00:07.919 --> 00:00:10.430 align:start position:0% o'clock we'd like to welcome you to the Virginia<00:00:08.599>gas <00:00:08.880>and <00:00:09.040>O <00:00:09.240>board <00:00:09.519>meeting <00:00:09.960>for 00:00:10.430 --> 00:00:10.440 align:start position:0% Virginia gas and O board meeting for 00:00:10.440 --> 00:00:12.390 align:start position:0% Virginia gas and O board meeting for today<00:00:10.960>it's <00:00:11.519>uh 00:00:12.390 --> 00:00:12.400 align:start position:0% today it's uh 00:00:12.400 --> 00:00:15.710 align:start position:0% today it's uh February<00:00:13.599>20th 00:00:15.710 --> 00:00:15.720 align:start position:0% February 20th 00:00:15.720 --> 00:00:18.109 align:start position:0% February 20th 2024<00:00:16.720>and <00:00:16.960>I'm <00:00:17.119>Bill <00:00:17.400>Harris <00:00:17.800>I'll <00:00:17.960>be 00:00:18.109 --> 00:00:18.119 align:start position:0% 2024 and I'm Bill Harris I'll be 00:00:18.119 --> 00:00:20.070 align:start position:0% 2024 and I'm Bill Harris I'll be chairing<00:00:18.600>today's <00:00:19.000>meeting <00:00:19.480>I'd <00:00:19.640>like <00:00:19.880>the 00:00:20.070 --> 00:00:20.080 align:start position:0% chairing today's meeting I'd like the 00:00:20.080 --> 00:00:22.390 align:start position:0% chairing today's meeting I'd like the other<00:00:20.840>board <00:00:21.160>members <00:00:21.480>who <00:00:21.600>are <00:00:21.800>present <00:00:22.119>to 00:00:22.390 --> 00:00:22.400 align:start position:0% other board members who are present to 00:00:22.400 --> 00:00:24.670 align:start position:0% other board members who are present to introduce<00:00:23.240>themselves <00:00:23.920>uh <00:00:24.080>starting <00:00:24.439>with 00:00:24.670 --> 00:00:24.680 align:start position:0% introduce themselves uh starting with 00:00:24.680 --> 00:00:27.990 align:start position:0% introduce themselves uh starting with Miss<00:00:25.080>Quin <00:00:25.480>to <00:00:25.800>my 00:00:27.990 --> 00:00:28.000 align:start position:0% Miss Quin to my 00:00:28.000 --> 00:00:34.229 align:start position:0% Miss Quin to my for<00:00:29.000>Mary <00:00:29.439>quillin 00:00:34.229 --> 00:00:34.239 align:start position:0% 00:00:34.239 --> 00:00:37.950 align:start position:0% reat<00:00:35.239>public <00:00:36.040>member <00:00:37.040>I'm <00:00:37.200>Bill <00:00:37.440>Harris <00:00:37.760>a 00:00:37.950 --> 00:00:37.960 align:start position:0% reat public member I'm Bill Harris a 00:00:37.960 --> 00:00:41.630 align:start position:0% reat public member I'm Bill Harris a public<00:00:38.480>member <00:00:39.480>Gus <00:00:39.760>Jansen <00:00:40.320>public <00:00:40.640>member 00:00:41.630 --> 00:00:41.640 align:start position:0% public member Gus Jansen public member 00:00:41.640 --> 00:00:44.990 align:start position:0% public member Gus Jansen public member uh<00:00:41.760>Willie <00:00:42.120>coch <00:00:42.680>Virginia 00:00:44.990 --> 00:00:45.000 align:start position:0% uh Willie coch Virginia 00:00:45.000 --> 00:00:46.709 align:start position:0% uh Willie coch Virginia energy 00:00:46.709 --> 00:00:46.719 align:start position:0% energy 00:00:46.719 --> 00:00:48.990 align:start position:0% energy okay<00:00:47.719>and <00:00:47.840>I'd <00:00:48.000>like <00:00:48.120>to <00:00:48.239>indicate <00:00:48.600>that <00:00:48.719>we <00:00:48.840>do 00:00:48.990 --> 00:00:49.000 align:start position:0% okay and I'd like to indicate that we do 00:00:49.000 --> 00:00:50.990 align:start position:0% okay and I'd like to indicate that we do have<00:00:49.120>a <00:00:49.239>quorum <00:00:49.680>here <00:00:49.920>present <00:00:50.559>but <00:00:50.680>we <00:00:50.800>do 00:00:50.990 --> 00:00:51.000 align:start position:0% have a quorum here present but we do 00:00:51.000 --> 00:00:54.150 align:start position:0% have a quorum here present but we do have<00:00:51.199>some <00:00:51.399>other <00:00:51.879>members <00:00:52.399>who <00:00:52.640>are <00:00:53.600>not <00:00:53.960>in 00:00:54.150 --> 00:00:54.160 align:start position:0% have some other members who are not in 00:00:54.160 --> 00:00:58.029 align:start position:0% have some other members who are not in attendance<00:00:54.920>and <00:00:55.079>I <00:00:55.239>do <00:00:55.520>have <00:00:55.840>their <00:00:56.840>remote <00:00:57.840>uh 00:00:58.029 --> 00:00:58.039 align:start position:0% attendance and I do have their remote uh 00:00:58.039 --> 00:01:01.229 align:start position:0% attendance and I do have their remote uh attendance<00:00:58.640>sheet <00:00:59.280>so <00:01:00.359>uh <00:01:00.600>what <00:01:00.719>I <00:01:00.840>would <00:01:01.079>like 00:01:01.229 --> 00:01:01.239 align:start position:0% attendance sheet so uh what I would like 00:01:01.239 --> 00:01:04.270 align:start position:0% attendance sheet so uh what I would like to<00:01:01.440>do <00:01:02.280>is <00:01:02.559>to <00:01:03.039>read <00:01:03.320>the <00:01:03.480>information <00:01:04.040>from 00:01:04.270 --> 00:01:04.280 align:start position:0% to do is to read the information from 00:01:04.280 --> 00:01:07.469 align:start position:0% to do is to read the information from that<00:01:05.199>uh <00:01:05.360>we <00:01:05.479>do <00:01:05.760>have <00:01:06.119>Bruce <00:01:06.680>Prather <00:01:07.200>Bruce 00:01:07.469 --> 00:01:07.479 align:start position:0% that uh we do have Bruce Prather Bruce 00:01:07.479 --> 00:01:11.230 align:start position:0% that uh we do have Bruce Prather Bruce are<00:01:07.600>you <00:01:07.720>on <00:01:07.920>the <00:01:08.280>line <00:01:09.280>yes <00:01:09.520>I <00:01:09.720>am <00:01:10.560>okay <00:01:11.040>uh 00:01:11.230 --> 00:01:11.240 align:start position:0% are you on the line yes I am okay uh 00:01:11.240 --> 00:01:14.510 align:start position:0% are you on the line yes I am okay uh Bruce<00:01:12.240>uh <00:01:12.360>desires <00:01:12.799>to <00:01:13.000>participate <00:01:13.600>remotely 00:01:14.510 --> 00:01:14.520 align:start position:0% Bruce uh desires to participate remotely 00:01:14.520 --> 00:01:16.670 align:start position:0% Bruce uh desires to participate remotely due<00:01:14.759>to <00:01:15.000>his <00:01:15.479>uh <00:01:15.640>principal <00:01:16.119>residence 00:01:16.670 --> 00:01:16.680 align:start position:0% due to his uh principal residence 00:01:16.680 --> 00:01:19.390 align:start position:0% due to his uh principal residence located<00:01:17.479>uh <00:01:17.600>being <00:01:17.840>more <00:01:18.040>than <00:01:18.280>60 00:01:19.390 --> 00:01:19.400 align:start position:0% located uh being more than 60 00:01:19.400 --> 00:01:23.390 align:start position:0% located uh being more than 60 miles<00:01:20.400>uh <00:01:20.560>and <00:01:20.759>he <00:01:20.920>is <00:01:21.280>present <00:01:21.720>on <00:01:22.439>the <00:01:22.680>line 00:01:23.390 --> 00:01:23.400 align:start position:0% miles uh and he is present on the line 00:01:23.400 --> 00:01:25.910 align:start position:0% miles uh and he is present on the line uh<00:01:23.520>he <00:01:23.680>is <00:01:24.119>indicated <00:01:25.119>to <00:01:25.320>me <00:01:25.520>that <00:01:25.680>he <00:01:25.799>is 00:01:25.910 --> 00:01:25.920 align:start position:0% uh he is indicated to me that he is 00:01:25.920 --> 00:01:28.069 align:start position:0% uh he is indicated to me that he is unable<00:01:26.320>to <00:01:26.479>attend <00:01:26.799>today <00:01:27.159>because <00:01:27.439>of <00:01:27.640>the 00:01:28.069 --> 00:01:28.079 align:start position:0% unable to attend today because of the 00:01:28.079 --> 00:01:30.469 align:start position:0% unable to attend today because of the remote<00:01:29.079>uh <00:01:29.240>location 00:01:30.469 --> 00:01:30.479 align:start position:0% remote uh location 00:01:30.479 --> 00:01:32.910 align:start position:0% remote uh location um<00:01:31.439>is 00:01:32.910 --> 00:01:32.920 align:start position:0% um is 00:01:32.920 --> 00:01:37.550 align:start position:0% um is there<00:01:33.920>uh <00:01:34.560>any <00:01:34.880>objection <00:01:35.399>from <00:01:35.759>the <00:01:36.640>present 00:01:37.550 --> 00:01:37.560 align:start position:0% there uh any objection from the present 00:01:37.560 --> 00:01:44.069 align:start position:0% there uh any objection from the present committee<00:01:38.240>that <00:01:39.360>um <00:01:40.479>uh <00:01:41.560>he <00:01:42.560>not <00:01:43.079>participate 00:01:44.069 --> 00:01:44.079 align:start position:0% committee that um uh he not participate 00:01:44.079 --> 00:01:46.230 align:start position:0% committee that um uh he not participate is<00:01:44.479>are <00:01:44.560>we <00:01:44.799>okay <00:01:45.000>with 00:01:46.230 --> 00:01:46.240 align:start position:0% is are we okay with 00:01:46.240 --> 00:01:49.469 align:start position:0% is are we okay with that<00:01:47.240>a <00:01:47.399>motion <00:01:47.680>to <00:01:47.920>approve <00:01:48.600>uh <00:01:48.880>yes <00:01:49.320>I'll 00:01:49.469 --> 00:01:49.479 align:start position:0% that a motion to approve uh yes I'll 00:01:49.479 --> 00:01:51.389 align:start position:0% that a motion to approve uh yes I'll give<00:01:49.560>you <00:01:49.680>a <00:01:49.799>motion <00:01:50.040>to <00:01:50.200>approve <00:01:50.880>okay <00:01:51.119>we <00:01:51.240>do 00:01:51.389 --> 00:01:51.399 align:start position:0% give you a motion to approve okay we do 00:01:51.399 --> 00:01:54.950 align:start position:0% give you a motion to approve okay we do have<00:01:51.799>a <00:01:52.799>is <00:01:52.920>there <00:01:53.040>a <00:01:53.280>second <00:01:54.280>fine <00:01:54.520>all <00:01:54.759>in 00:01:54.950 --> 00:01:54.960 align:start position:0% have a is there a second fine all in 00:01:54.960 --> 00:01:57.550 align:start position:0% have a is there a second fine all in favor<00:01:55.280>say <00:01:55.600>yes <00:01:56.280>yes <00:01:56.479>yes <00:01:56.719>yes <00:01:57.000>okay <00:01:57.159>we <00:01:57.280>do 00:01:57.550 --> 00:01:57.560 align:start position:0% favor say yes yes yes yes okay we do 00:01:57.560 --> 00:02:00.630 align:start position:0% favor say yes yes yes yes okay we do have<00:01:57.960>approve <00:01:58.399>that <00:01:58.680>remote <00:01:59.159>participation 00:02:00.630 --> 00:02:00.640 align:start position:0% have approve that remote participation 00:02:00.640 --> 00:02:03.510 align:start position:0% have approve that remote participation and<00:02:00.880>so <00:02:01.280>we <00:02:01.479>will <00:02:01.960>allow <00:02:02.360>that <00:02:02.600>thank <00:02:02.759>you <00:02:03.280>Mr 00:02:03.510 --> 00:02:03.520 align:start position:0% and so we will allow that thank you Mr 00:02:03.520 --> 00:02:06.230 align:start position:0% and so we will allow that thank you Mr prayther<00:02:03.960>for <00:02:04.159>that <00:02:04.320>form <00:02:05.039>we <00:02:05.200>also <00:02:05.600>have 00:02:06.230 --> 00:02:06.240 align:start position:0% prayther for that form we also have 00:02:06.240 --> 00:02:12.229 align:start position:0% prayther for that form we also have Donnie<00:02:06.880>Ratliff <00:02:07.880>who <00:02:08.360>is <00:02:09.280>um <00:02:10.280>who <00:02:10.560>has <00:02:11.360>uh 00:02:12.229 --> 00:02:12.239 align:start position:0% Donnie Ratliff who is um who has uh 00:02:12.239 --> 00:02:14.589 align:start position:0% Donnie Ratliff who is um who has uh applied<00:02:12.680>also <00:02:13.120>for <00:02:13.480>remote 00:02:14.589 --> 00:02:14.599 align:start position:0% applied also for remote 00:02:14.599 --> 00:02:20.229 align:start position:0% applied also for remote participation<00:02:15.599>and <00:02:16.120>Donnie <00:02:16.440>are <00:02:16.599>you <00:02:16.959>with <00:02:17.120>us 00:02:20.229 --> 00:02:20.239 align:start position:0% 00:02:20.239 --> 00:02:23.910 align:start position:0% today<00:02:21.239>think <00:02:21.480>he <00:02:21.640>was <00:02:21.800>going <00:02:21.959>to <00:02:22.160>call 00:02:23.910 --> 00:02:23.920 align:start position:0% today think he was going to call 00:02:23.920 --> 00:02:27.390 align:start position:0% today think he was going to call in<00:02:24.920>and <00:02:25.160>I <00:02:25.640>he's <00:02:25.840>trying 00:02:27.390 --> 00:02:27.400 align:start position:0% in and I he's trying 00:02:27.400 --> 00:02:35.030 align:start position:0% in and I he's trying to<00:02:28.760>m 00:02:35.030 --> 00:02:35.040 align:start position:0% 00:02:35.040 --> 00:02:36.550 align:start position:0% Donnie<00:02:35.440>usually <00:02:35.800>at <00:02:35.959>this <00:02:36.080>time <00:02:36.239>of <00:02:36.360>the <00:02:36.440>year 00:02:36.550 --> 00:02:36.560 align:start position:0% Donnie usually at this time of the year 00:02:36.560 --> 00:02:38.229 align:start position:0% Donnie usually at this time of the year is<00:02:36.720>participating <00:02:37.280>in <00:02:37.400>the 00:02:38.229 --> 00:02:38.239 align:start position:0% is participating in the 00:02:38.239 --> 00:02:45.550 align:start position:0% is participating in the Virginia 00:02:45.550 --> 00:02:45.560 align:start position:0% 00:02:45.560 --> 00:02:48.030 align:start position:0% assembly<00:02:46.560>maybe <00:02:46.840>he <00:02:47.000>got <00:02:47.200>the <00:02:47.400>wrong <00:02:47.640>number 00:02:48.030 --> 00:02:48.040 align:start position:0% assembly maybe he got the wrong number 00:02:48.040 --> 00:02:50.910 align:start position:0% assembly maybe he got the wrong number like<00:02:48.280>I 00:02:50.910 --> 00:02:50.920 align:start position:0% 00:02:50.920 --> 00:02:53.630 align:start position:0% did<00:02:51.920>just <00:02:52.159>make <00:02:52.319>sure <00:02:52.840>okay <00:02:53.120>we <00:02:53.319>we'll <00:02:53.480>give 00:02:53.630 --> 00:02:53.640 align:start position:0% did just make sure okay we we'll give 00:02:53.640 --> 00:02:58.750 align:start position:0% did just make sure okay we we'll give him<00:02:53.800>a <00:02:53.920>minute <00:02:54.159>or <00:02:54.319>two <00:02:54.560>to 00:02:58.750 --> 00:02:58.760 align:start position:0% 00:02:58.760 --> 00:03:28.670 align:start position:0% get 00:03:28.670 --> 00:03:28.680 align:start position:0% 00:03:28.680 --> 00:03:50.949 align:start position:0% for 00:03:50.949 --> 00:03:50.959 align:start position:0% 00:03:50.959 --> 00:03:52.589 align:start position:0% should<00:03:51.239>we <00:03:51.519>go <00:03:51.680>ahead <00:03:51.840>and <00:03:51.959>go <00:03:52.079>forward <00:03:52.439>and 00:03:52.589 --> 00:03:52.599 align:start position:0% should we go ahead and go forward and 00:03:52.599 --> 00:03:56.030 align:start position:0% should we go ahead and go forward and then<00:03:52.840>have <00:03:53.120>him <00:03:54.120>working <00:03:54.519>on 00:03:56.030 --> 00:03:56.040 align:start position:0% then have him working on 00:03:56.040 --> 00:03:59.350 align:start position:0% then have him working on it<00:03:57.040>approve <00:03:57.360>him <00:03:57.480>if <00:03:57.560>he <00:03:57.720>gets <00:03:58.239>in <00:03:59.239>make 00:03:59.350 --> 00:03:59.360 align:start position:0% it approve him if he gets in make 00:03:59.360 --> 00:04:02.670 align:start position:0% it approve him if he gets in make thetion<00:03:59.799>to <00:03:59.959>approve <00:04:00.439>Mr <00:04:00.680>R <00:04:01.120>if <00:04:01.239>he <00:04:01.560>joins <00:04:01.959>us 00:04:02.670 --> 00:04:02.680 align:start position:0% thetion to approve Mr R if he joins us 00:04:02.680 --> 00:04:05.309 align:start position:0% thetion to approve Mr R if he joins us okay<00:04:03.360>uh <00:04:03.519>I <00:04:03.560>don't <00:04:03.720>know <00:04:03.840>if <00:04:04.000>that's <00:04:04.640>premature 00:04:05.309 --> 00:04:05.319 align:start position:0% okay uh I don't know if that's premature 00:04:05.319 --> 00:04:10.270 align:start position:0% okay uh I don't know if that's premature but 00:04:10.270 --> 00:04:10.280 align:start position:0% 00:04:10.280 --> 00:04:13.670 align:start position:0% um<00:04:11.280>okay <00:04:11.599>what <00:04:11.799>once <00:04:12.480>we <00:04:12.640>do <00:04:12.799>have <00:04:12.920>a <00:04:13.079>quorum <00:04:13.519>to 00:04:13.670 --> 00:04:13.680 align:start position:0% um okay what once we do have a quorum to 00:04:13.680 --> 00:04:17.590 align:start position:0% um okay what once we do have a quorum to go<00:04:14.040>forward <00:04:15.040>and <00:04:15.560>um <00:04:16.000>we <00:04:16.160>did 00:04:17.590 --> 00:04:17.600 align:start position:0% go forward and um we did 00:04:17.600 --> 00:04:21.510 align:start position:0% go forward and um we did ratify 00:04:21.510 --> 00:04:21.520 align:start position:0% 00:04:21.520 --> 00:04:24.390 align:start position:0% uh<00:04:22.520>we <00:04:22.680>did <00:04:22.840>have <00:04:23.000>a <00:04:23.160>motion <00:04:23.639>that <00:04:23.800>was 00:04:24.390 --> 00:04:24.400 align:start position:0% uh we did have a motion that was 00:04:24.400 --> 00:04:28.590 align:start position:0% uh we did have a motion that was successfully<00:04:25.440>passed <00:04:26.440>to <00:04:26.919>allow <00:04:27.680>Mr 00:04:28.590 --> 00:04:28.600 align:start position:0% successfully passed to allow Mr 00:04:28.600 --> 00:04:31.749 align:start position:0% successfully passed to allow Mr Prather 00:04:31.749 --> 00:04:31.759 align:start position:0% 00:04:31.759 --> 00:04:33.629 align:start position:0% something<00:04:32.080>we <00:04:32.199>need 00:04:33.629 --> 00:04:33.639 align:start position:0% something we need 00:04:33.639 --> 00:04:36.749 align:start position:0% something we need to<00:04:34.639>oh <00:04:34.960>okay <00:04:35.240>okay <00:04:35.400>we're <00:04:35.560>checking <00:04:35.880>on <00:04:36.120>that 00:04:36.749 --> 00:04:36.759 align:start position:0% to oh okay okay we're checking on that 00:04:36.759 --> 00:04:39.510 align:start position:0% to oh okay okay we're checking on that okay<00:04:36.960>folks <00:04:37.280>I <00:04:37.360>think <00:04:37.919>we <00:04:38.039>do <00:04:38.320>have <00:04:39.240>uh <00:04:39.360>a 00:04:39.510 --> 00:04:39.520 align:start position:0% okay folks I think we do have uh a 00:04:39.520 --> 00:04:42.990 align:start position:0% okay folks I think we do have uh a successful<00:04:40.080>motion <00:04:40.560>that <00:04:40.800>we <00:04:40.919>can <00:04:41.160>allow <00:04:42.000>Mr 00:04:42.990 --> 00:04:43.000 align:start position:0% successful motion that we can allow Mr 00:04:43.000 --> 00:04:47.150 align:start position:0% successful motion that we can allow Mr um<00:04:43.840>Prather <00:04:44.360>to <00:04:45.240>participate <00:04:46.240>uh <00:04:46.440>and <00:04:46.680>we <00:04:46.840>did 00:04:47.150 --> 00:04:47.160 align:start position:0% um Prather to participate uh and we did 00:04:47.160 --> 00:04:49.230 align:start position:0% um Prather to participate uh and we did determine<00:04:47.720>that <00:04:48.000>his 00:04:49.230 --> 00:04:49.240 align:start position:0% determine that his 00:04:49.240 --> 00:04:54.270 align:start position:0% determine that his um<00:04:50.240>uh <00:04:51.199>remote <00:04:51.560>attendance <00:04:52.600>resolution <00:04:53.600>was 00:04:54.270 --> 00:04:54.280 align:start position:0% um uh remote attendance resolution was 00:04:54.280 --> 00:04:57.670 align:start position:0% um uh remote attendance resolution was properly<00:04:55.280>uh <00:04:55.360>sent <00:04:55.680>in <00:04:56.039>and <00:04:56.280>approved <00:04:56.759>so <00:04:57.479>uh <00:04:57.600>I 00:04:57.670 --> 00:04:57.680 align:start position:0% properly uh sent in and approved so uh I 00:04:57.680 --> 00:04:59.029 align:start position:0% properly uh sent in and approved so uh I think<00:04:57.800>we're <00:04:58.080>okay <00:04:58.280>with <00:04:58.440>that <00:04:58.560>so <00:04:58.720>we'll <00:04:58.880>just 00:04:59.029 --> 00:04:59.039 align:start position:0% think we're okay with that so we'll just 00:04:59.039 --> 00:05:02.110 align:start position:0% think we're okay with that so we'll just go<00:04:59.160>ahead <00:04:59.360>and <00:05:00.039>proceed <00:05:01.039>from 00:05:02.110 --> 00:05:02.120 align:start position:0% go ahead and proceed from 00:05:02.120 --> 00:05:06.670 align:start position:0% go ahead and proceed from that<00:05:03.120>and <00:05:03.880>when <00:05:04.520>we <00:05:04.720>hear <00:05:05.000>from <00:05:05.880>Mr <00:05:06.240>Ratliff 00:05:06.670 --> 00:05:06.680 align:start position:0% that and when we hear from Mr Ratliff 00:05:06.680 --> 00:05:08.110 align:start position:0% that and when we hear from Mr Ratliff we'll<00:05:06.840>go <00:05:06.960>ahead <00:05:07.120>and <00:05:07.199>approve <00:05:07.520>that <00:05:07.680>as <00:05:07.840>well 00:05:08.110 --> 00:05:08.120 align:start position:0% we'll go ahead and approve that as well 00:05:08.120 --> 00:05:09.469 align:start position:0% we'll go ahead and approve that as well but<00:05:08.240>we <00:05:08.320>do <00:05:08.479>have <00:05:08.560>a <00:05:08.680>quorum <00:05:09.000>to <00:05:09.160>proceed 00:05:09.469 --> 00:05:09.479 align:start position:0% but we do have a quorum to proceed 00:05:09.479 --> 00:05:12.590 align:start position:0% but we do have a quorum to proceed forward<00:05:10.440>so <00:05:10.680>we'll <00:05:10.880>go <00:05:11.000>ahead <00:05:11.240>and <00:05:11.680>proceed <00:05:12.320>uh 00:05:12.590 --> 00:05:12.600 align:start position:0% forward so we'll go ahead and proceed uh 00:05:12.600 --> 00:05:16.310 align:start position:0% forward so we'll go ahead and proceed uh the<00:05:12.880>board <00:05:13.240>will <00:05:13.560>receive <00:05:14.560>public <00:05:15.320>comments 00:05:16.310 --> 00:05:16.320 align:start position:0% the board will receive public comments 00:05:16.320 --> 00:05:19.270 align:start position:0% the board will receive public comments did<00:05:16.520>we <00:05:16.720>have <00:05:16.919>anyone 00:05:19.270 --> 00:05:19.280 align:start position:0% did we have anyone 00:05:19.280 --> 00:05:22.350 align:start position:0% did we have anyone listed<00:05:20.280>for <00:05:20.720>public 00:05:22.350 --> 00:05:22.360 align:start position:0% listed for public 00:05:22.360 --> 00:05:24.909 align:start position:0% listed for public comment<00:05:23.360>okay <00:05:23.880>hearing <00:05:24.240>none <00:05:24.479>and <00:05:24.600>seeing 00:05:24.909 --> 00:05:24.919 align:start position:0% comment okay hearing none and seeing 00:05:24.919 --> 00:05:27.870 align:start position:0% comment okay hearing none and seeing none<00:05:25.199>we'll <00:05:25.479>proceed <00:05:26.120>on <00:05:27.120>uh <00:05:27.280>the <00:05:27.400>First <00:05:27.680>Bank 00:05:27.870 --> 00:05:27.880 align:start position:0% none we'll proceed on uh the First Bank 00:05:27.880 --> 00:05:30.230 align:start position:0% none we'll proceed on uh the First Bank and<00:05:28.039>Trust <00:05:28.400>Company <00:05:28.759>escrow <00:05:29.199>agent <00:05:29.880>for <00:05:30.080>the 00:05:30.230 --> 00:05:30.240 align:start position:0% and Trust Company escrow agent for the 00:05:30.240 --> 00:05:33.070 align:start position:0% and Trust Company escrow agent for the Virginia<00:05:30.639>Gas <00:05:30.840>and <00:05:30.960>Oil <00:05:31.160>board <00:05:31.479>will <00:05:32.080>appear 00:05:33.070 --> 00:05:33.080 align:start position:0% Virginia Gas and Oil board will appear 00:05:33.080 --> 00:05:34.830 align:start position:0% Virginia Gas and Oil board will appear uh<00:05:33.199>to <00:05:33.400>address <00:05:33.680>the <00:05:33.840>board <00:05:34.479>uh <00:05:34.560>for <00:05:34.720>the 00:05:34.830 --> 00:05:34.840 align:start position:0% uh to address the board uh for the 00:05:34.840 --> 00:05:38.790 align:start position:0% uh to address the board uh for the quarterly<00:05:35.800>slend <00:05:36.520>of <00:05:36.800>year <00:05:37.560>report <00:05:38.560>we'd 00:05:38.790 --> 00:05:38.800 align:start position:0% quarterly slend of year report we'd 00:05:38.800 --> 00:05:40.790 align:start position:0% quarterly slend of year report we'd invite<00:05:39.199>those <00:05:39.440>people <00:05:39.680>to <00:05:39.880>come <00:05:40.080>forward <00:05:40.600>with 00:05:40.790 --> 00:05:40.800 align:start position:0% invite those people to come forward with 00:05:40.800 --> 00:05:43.309 align:start position:0% invite those people to come forward with that 00:05:43.309 --> 00:05:43.319 align:start position:0% 00:05:43.319 --> 00:05:46.870 align:start position:0% report<00:05:44.319>good <00:05:44.479>morning <00:05:44.880>can <00:05:45.039>everyone <00:05:45.360>hear <00:05:45.880>me 00:05:46.870 --> 00:05:46.880 align:start position:0% report good morning can everyone hear me 00:05:46.880 --> 00:05:48.230 align:start position:0% report good morning can everyone hear me uh<00:05:47.160>yes 00:05:48.230 --> 00:05:48.240 align:start position:0% uh yes 00:05:48.240 --> 00:05:50.150 align:start position:0% uh yes yes<00:05:49.240>okay 00:05:50.150 --> 00:05:50.160 align:start position:0% yes okay 00:05:50.160 --> 00:05:52.870 align:start position:0% yes okay good<00:05:51.160>this <00:05:51.280>is <00:05:51.400>our <00:05:51.600>fourth <00:05:51.919>quarter <00:05:52.360>report 00:05:52.870 --> 00:05:52.880 align:start position:0% good this is our fourth quarter report 00:05:52.880 --> 00:05:57.749 align:start position:0% good this is our fourth quarter report this<00:05:52.960>is <00:05:53.120>also <00:05:53.440>our <00:05:53.680>end <00:05:53.919>of <00:05:54.080>the <00:05:54.240>year 00:05:57.749 --> 00:05:57.759 align:start position:0% 00:05:57.759 --> 00:06:00.670 align:start position:0% report<00:05:58.759>we'll <00:05:59.000>start <00:05:59.240>out <00:05:59.600>on <00:05:59.919>page <00:06:00.280>three 00:06:00.670 --> 00:06:00.680 align:start position:0% report we'll start out on page three 00:06:00.680 --> 00:06:02.390 align:start position:0% report we'll start out on page three this<00:06:00.759>is <00:06:00.880>a <00:06:01.080>summary <00:06:01.479>for <00:06:01.680>the <00:06:01.800>fourth <00:06:02.080>quarter 00:06:02.390 --> 00:06:02.400 align:start position:0% this is a summary for the fourth quarter 00:06:02.400 --> 00:06:05.189 align:start position:0% this is a summary for the fourth quarter and<00:06:02.600>end <00:06:02.800>of <00:06:02.919>the <00:06:03.479>year <00:06:04.479>we <00:06:04.639>started <00:06:04.960>out 00:06:05.189 --> 00:06:05.199 align:start position:0% and end of the year we started out 00:06:05.199 --> 00:06:09.230 align:start position:0% and end of the year we started out fourth<00:06:05.560>quarter <00:06:06.039>October <00:06:06.440>the <00:06:06.599>1st <00:06:07.440>with 00:06:09.230 --> 00:06:09.240 align:start position:0% fourth quarter October the 1st with 00:06:09.240 --> 00:06:13.150 align:start position:0% fourth quarter October the 1st with 5,183 00:06:13.150 --> 00:06:13.160 align:start position:0% 00:06:13.160 --> 00:06:18.430 align:start position:0% n217<00:06:14.160>we <00:06:14.319>had <00:06:14.599>deposits <00:06:15.520>of <00:06:16.199>2,1 00:06:18.430 --> 00:06:18.440 align:start position:0% n217 we had deposits of 2,1 00:06:18.440 --> 00:06:21.309 align:start position:0% n217 we had deposits of 2,1 18525<00:06:19.440>we <00:06:19.599>earned <00:06:20.120>interest <00:06:20.639>of <00:06:20.840>almost <00:06:21.160>the 00:06:21.309 --> 00:06:21.319 align:start position:0% 18525 we earned interest of almost the 00:06:21.319 --> 00:06:23.550 align:start position:0% 18525 we earned interest of almost the same<00:06:21.520>amount <00:06:21.800>$ 00:06:23.550 --> 00:06:23.560 align:start position:0% same amount $ 00:06:23.560 --> 00:06:25.510 align:start position:0% same amount $ 24,750 00:06:25.510 --> 00:06:25.520 align:start position:0% 24,750 00:06:25.520 --> 00:06:31.790 align:start position:0% 24,750 122<00:06:26.520>deducted <00:06:27.000>fees <00:06:27.360>for <00:06:27.560>the <00:06:27.840>quarter <00:06:28.840>5, <00:06:29.440>$1 00:06:31.790 --> 00:06:31.800 align:start position:0% 122 deducted fees for the quarter 5, $1 00:06:31.800 --> 00:06:35.469 align:start position:0% 122 deducted fees for the quarter 5, $1 18419<00:06:32.800>we <00:06:33.000>paid <00:06:33.199>out <00:06:33.479>distributions <00:06:34.199>of 00:06:35.469 --> 00:06:35.479 align:start position:0% 18419 we paid out distributions of 00:06:35.479 --> 00:06:38.070 align:start position:0% 18419 we paid out distributions of 58,4 00:06:38.070 --> 00:06:38.080 align:start position:0% 58,4 00:06:38.080 --> 00:06:41.150 align:start position:0% 58,4 7490<00:06:39.080>leaving <00:06:39.400>us <00:06:39.560>an <00:06:39.720>ending <00:06:40.039>balance <00:06:40.360>at 00:06:41.150 --> 00:06:41.160 align:start position:0% 7490 leaving us an ending balance at 00:06:41.160 --> 00:06:44.029 align:start position:0% 7490 leaving us an ending balance at 1231<00:06:42.160>of 00:06:44.029 --> 00:06:44.039 align:start position:0% 1231 of 00:06:44.039 --> 00:06:49.870 align:start position:0% 1231 of 5,170 00:06:49.870 --> 00:06:49.880 align:start position:0% 00:06:49.880 --> 00:06:51.589 align:start position:0% 228<00:06:50.880>in 00:06:51.589 --> 00:06:51.599 align:start position:0% 228 in 00:06:51.599 --> 00:06:55.869 align:start position:0% 228 in 2023<00:06:52.599>on <00:06:52.880>page <00:06:53.240>four <00:06:54.240>we <00:06:54.440>had <00:06:54.880>processed <00:06:55.440>eight 00:06:55.869 --> 00:06:55.879 align:start position:0% 2023 on page four we had processed eight 00:06:55.879 --> 00:06:58.390 align:start position:0% 2023 on page four we had processed eight treasury<00:06:56.440>dockets <00:06:56.960>totaling 00:06:58.390 --> 00:06:58.400 align:start position:0% treasury dockets totaling 00:06:58.400 --> 00:07:00.909 align:start position:0% treasury dockets totaling $2,970 00:07:00.909 --> 00:07:00.919 align:start position:0% $2,970 00:07:00.919 --> 00:07:05.749 align:start position:0% $2,970 .78<00:07:01.919>23 <00:07:02.919>normal <00:07:03.520>dockets <00:07:04.520>of 00:07:05.749 --> 00:07:05.759 align:start position:0% .78 23 normal dockets of 00:07:05.759 --> 00:07:08.230 align:start position:0% .78 23 normal dockets of $166,400 00:07:08.230 --> 00:07:08.240 align:start position:0% $166,400 00:07:08.240 --> 00:07:12.189 align:start position:0% $166,400 58<00:07:09.240>we'd <00:07:09.479>issued <00:07:09.840>over <00:07:10.080>400 <00:07:10.560>checks <00:07:11.080>this <00:07:11.280>year 00:07:12.189 --> 00:07:12.199 align:start position:0% 58 we'd issued over 400 checks this year 00:07:12.199 --> 00:07:16.950 align:start position:0% 58 we'd issued over 400 checks this year and<00:07:12.360>they <00:07:12.479>ranged <00:07:12.960>from <00:07:13.199>7 <00:07:13.639>cents <00:07:14.039>to <00:07:14.520>28,0 00:07:16.950 --> 00:07:16.960 align:start position:0% and they ranged from 7 cents to 28,0 00:07:16.960 --> 00:07:20.869 align:start position:0% and they ranged from 7 cents to 28,0 70770<00:07:17.960>239 <00:07:18.919>of <00:07:19.120>those <00:07:19.360>checks <00:07:19.680>were <00:07:19.919>less <00:07:20.160>than 00:07:20.869 --> 00:07:20.879 align:start position:0% 70770 239 of those checks were less than 00:07:20.879 --> 00:07:23.869 align:start position:0% 70770 239 of those checks were less than $100<00:07:21.879>and <00:07:22.160>36 <00:07:22.759>of <00:07:22.960>those <00:07:23.120>checks <00:07:23.440>were <00:07:23.680>less 00:07:23.869 --> 00:07:23.879 align:start position:0% $100 and 36 of those checks were less 00:07:23.879 --> 00:07:28.309 align:start position:0% $100 and 36 of those checks were less than 00:07:28.309 --> 00:07:28.319 align:start position:0% 00:07:28.319 --> 00:07:31.990 align:start position:0% $1 00:07:31.990 --> 00:07:32.000 align:start position:0% 00:07:32.000 --> 00:07:35.469 align:start position:0% starting<00:07:32.360>at <00:07:32.759>page 00:07:35.469 --> 00:07:35.479 align:start position:0% 00:07:35.479 --> 00:07:37.830 align:start position:0% five<00:07:36.479>these <00:07:36.639>are <00:07:36.840>all <00:07:36.960>of <00:07:37.080>our <00:07:37.360>outstanding 00:07:37.830 --> 00:07:37.840 align:start position:0% five these are all of our outstanding 00:07:37.840 --> 00:07:40.749 align:start position:0% five these are all of our outstanding checks<00:07:38.280>as <00:07:38.440>of <00:07:38.639>the <00:07:38.800>end <00:07:38.960>of <00:07:39.120>the <00:07:39.440>year <00:07:40.440>I <00:07:40.560>know 00:07:40.749 --> 00:07:40.759 align:start position:0% checks as of the end of the year I know 00:07:40.759 --> 00:07:45.029 align:start position:0% checks as of the end of the year I know this<00:07:40.879>is <00:07:40.960>a <00:07:41.120>very <00:07:41.360>long <00:07:41.720>list <00:07:42.479>so <00:07:42.759>bear <00:07:43.120>with 00:07:45.029 --> 00:07:45.039 align:start position:0% this is a very long list so bear with 00:07:45.039 --> 00:07:50.510 align:start position:0% this is a very long list so bear with me<00:07:46.039>it <00:07:46.199>goes <00:07:46.479>through <00:07:46.840>page 00:07:50.510 --> 00:07:50.520 align:start position:0% 00:07:50.520 --> 00:07:53.390 align:start position:0% 22<00:07:51.520>so <00:07:51.879>at <00:07:52.000>the <00:07:52.120>end <00:07:52.280>of <00:07:52.400>the <00:07:52.560>year <00:07:52.840>we <00:07:53.000>had <00:07:53.159>a 00:07:53.390 --> 00:07:53.400 align:start position:0% 22 so at the end of the year we had a 00:07:53.400 --> 00:07:57.990 align:start position:0% 22 so at the end of the year we had a little<00:07:53.680>over <00:07:54.360>$882,000 <00:07:55.360>outstanding 00:07:57.990 --> 00:07:58.000 align:start position:0% little over $882,000 outstanding 00:07:58.000 --> 00:08:01.790 align:start position:0% little over $882,000 outstanding checks<00:07:59.000>and <00:07:59.159>if <00:07:59.319>if <00:07:59.400>you'll <00:07:59.560>notice <00:08:00.039>on <00:08:00.560>page 00:08:01.790 --> 00:08:01.800 align:start position:0% checks and if if you'll notice on page 00:08:01.800 --> 00:08:05.189 align:start position:0% checks and if if you'll notice on page 22<00:08:02.800>the <00:08:03.039>last <00:08:03.360>few <00:08:03.919>were <00:08:04.199>issued <00:08:04.560>in <00:08:04.759>November 00:08:05.189 --> 00:08:05.199 align:start position:0% 22 the last few were issued in November 00:08:05.199 --> 00:08:06.430 align:start position:0% 22 the last few were issued in November of 00:08:06.430 --> 00:08:06.440 align:start position:0% of 00:08:06.440 --> 00:08:09.070 align:start position:0% of 23<00:08:07.440>so <00:08:07.639>those <00:08:07.800>are <00:08:07.960>not <00:08:08.159>terribly <00:08:08.599>old <00:08:08.960>but 00:08:09.070 --> 00:08:09.080 align:start position:0% 23 so those are not terribly old but 00:08:09.080 --> 00:08:10.950 align:start position:0% 23 so those are not terribly old but these<00:08:09.199>are <00:08:09.520>everything <00:08:09.840>that's <00:08:10.039>issued <00:08:10.560>as <00:08:10.759>of 00:08:10.950 --> 00:08:10.960 align:start position:0% these are everything that's issued as of 00:08:10.960 --> 00:08:17.189 align:start position:0% these are everything that's issued as of the<00:08:11.080>end <00:08:11.240>of <00:08:11.400>the 00:08:17.189 --> 00:08:17.199 align:start position:0% 00:08:17.199 --> 00:08:21.390 align:start position:0% year<00:08:18.199>starting 00:08:21.390 --> 00:08:21.400 align:start position:0% 00:08:21.400 --> 00:08:24.670 align:start position:0% on<00:08:22.400>page 00:08:24.670 --> 00:08:24.680 align:start position:0% on page 00:08:24.680 --> 00:08:27.749 align:start position:0% on page 23<00:08:25.680>this <00:08:25.800>will <00:08:25.960>be <00:08:26.199>what <00:08:26.360>is <00:08:26.560>a <00:08:26.759>sheated <00:08:27.080>for 00:08:27.749 --> 00:08:27.759 align:start position:0% 23 this will be what is a sheated for 00:08:27.759 --> 00:08:30.309 align:start position:0% 23 this will be what is a sheated for 2024<00:08:28.759>if <00:08:28.919>we've <00:08:29.120>had <00:08:29.400>no <00:08:29.520>communication <00:08:30.120>with 00:08:30.309 --> 00:08:30.319 align:start position:0% 2024 if we've had no communication with 00:08:30.319 --> 00:08:33.670 align:start position:0% 2024 if we've had no communication with these<00:08:30.639>people <00:08:31.639>in <00:08:31.759>The <00:08:31.960>Last <00:08:32.279>5 00:08:33.670 --> 00:08:33.680 align:start position:0% these people in The Last 5 00:08:33.680 --> 00:08:36.149 align:start position:0% these people in The Last 5 Years<00:08:34.680>and <00:08:34.839>that <00:08:35.039>list <00:08:35.279>is <00:08:35.440>kind <00:08:35.560>of <00:08:35.680>long <00:08:35.919>too 00:08:36.149 --> 00:08:36.159 align:start position:0% Years and that list is kind of long too 00:08:36.159 --> 00:08:38.029 align:start position:0% Years and that list is kind of long too and<00:08:36.320>I <00:08:36.440>know <00:08:36.839>that <00:08:37.039>each <00:08:37.320>gas <00:08:37.560>company <00:08:37.880>is 00:08:38.029 --> 00:08:38.039 align:start position:0% and I know that each gas company is 00:08:38.039 --> 00:08:40.670 align:start position:0% and I know that each gas company is working<00:08:38.360>on <00:08:38.599>their 00:08:40.670 --> 00:08:40.680 align:start position:0% working on their 00:08:40.680 --> 00:08:43.870 align:start position:0% working on their list<00:08:41.680>the <00:08:41.919>dollar <00:08:42.279>amount <00:08:42.640>is <00:08:42.839>not <00:08:43.039>a <00:08:43.240>lot <00:08:43.719>it's 00:08:43.870 --> 00:08:43.880 align:start position:0% list the dollar amount is not a lot it's 00:08:43.880 --> 00:08:46.030 align:start position:0% list the dollar amount is not a lot it's only<00:08:44.080>$ 00:08:46.030 --> 00:08:46.040 align:start position:0% only $ 00:08:46.040 --> 00:08:48.590 align:start position:0% only $ 7,311<00:08:47.040>but <00:08:47.160>it's <00:08:47.360>a <00:08:47.480>lot <00:08:47.680>of <00:08:48.120>people <00:08:48.440>with 00:08:48.590 --> 00:08:48.600 align:start position:0% 7,311 but it's a lot of people with 00:08:48.600 --> 00:08:53.750 align:start position:0% 7,311 but it's a lot of people with small<00:08:48.920>dollar 00:08:53.750 --> 00:08:53.760 align:start position:0% 00:08:53.760 --> 00:08:57.550 align:start position:0% checks<00:08:54.760>on <00:08:55.040>page <00:08:55.600>30 <00:08:56.600>this <00:08:56.720>is <00:08:56.880>our <00:08:57.120>balance 00:08:57.550 --> 00:08:57.560 align:start position:0% checks on page 30 this is our balance 00:08:57.560 --> 00:09:00.150 align:start position:0% checks on page 30 this is our balance sheet<00:08:58.160>so <00:08:58.399>this <00:08:58.560>list <00:08:58.920>each <00:08:59.360>individual 00:09:00.150 --> 00:09:00.160 align:start position:0% sheet so this list each individual 00:09:00.160 --> 00:09:03.030 align:start position:0% sheet so this list each individual account<00:09:00.920>number <00:09:01.920>and <00:09:02.160>what <00:09:02.279>is <00:09:02.440>in <00:09:02.560>it <00:09:02.760>who <00:09:02.920>it 00:09:03.030 --> 00:09:03.040 align:start position:0% account number and what is in it who it 00:09:03.040 --> 00:09:04.150 align:start position:0% account number and what is in it who it belongs 00:09:04.150 --> 00:09:04.160 align:start position:0% belongs 00:09:04.160 --> 00:09:06.829 align:start position:0% belongs to<00:09:05.160>the <00:09:05.320>beginning <00:09:05.720>balance <00:09:06.200>the <00:09:06.399>deposits 00:09:06.829 --> 00:09:06.839 align:start position:0% to the beginning balance the deposits 00:09:06.839 --> 00:09:08.509 align:start position:0% to the beginning balance the deposits that<00:09:06.959>were <00:09:07.399>received <00:09:07.680>this <00:09:07.800>is <00:09:08.000>just <00:09:08.200>for <00:09:08.399>the 00:09:08.509 --> 00:09:08.519 align:start position:0% that were received this is just for the 00:09:08.519 --> 00:09:10.030 align:start position:0% that were received this is just for the month<00:09:08.920>of 00:09:10.030 --> 00:09:10.040 align:start position:0% month of 00:09:10.040 --> 00:09:12.269 align:start position:0% month of December<00:09:11.040>the <00:09:11.160>money <00:09:11.399>market <00:09:11.720>it <00:09:12.079>received 00:09:12.269 --> 00:09:12.279 align:start position:0% December the money market it received 00:09:12.279 --> 00:09:15.509 align:start position:0% December the money market it received for<00:09:12.440>the <00:09:12.560>month <00:09:13.120>any <00:09:13.399>cedar <00:09:14.160>interest <00:09:15.160>fees 00:09:15.509 --> 00:09:15.519 align:start position:0% for the month any cedar interest fees 00:09:15.519 --> 00:09:17.949 align:start position:0% for the month any cedar interest fees deducted<00:09:16.160>any <00:09:16.440>distributions <00:09:17.079>from <00:09:17.360>those 00:09:17.949 --> 00:09:17.959 align:start position:0% deducted any distributions from those 00:09:17.959 --> 00:09:20.190 align:start position:0% deducted any distributions from those accounts<00:09:18.959>if <00:09:19.079>we <00:09:19.240>transferred <00:09:19.760>anything <00:09:20.040>to 00:09:20.190 --> 00:09:20.200 align:start position:0% accounts if we transferred anything to 00:09:20.200 --> 00:09:21.829 align:start position:0% accounts if we transferred anything to the<00:09:20.279>no <00:09:20.519>W9 00:09:21.829 --> 00:09:21.839 align:start position:0% the no W9 00:09:21.839 --> 00:09:25.069 align:start position:0% the no W9 spreadsheet<00:09:22.839>um <00:09:23.000>audit <00:09:23.399>costs <00:09:24.079>Corrections 00:09:25.069 --> 00:09:25.079 align:start position:0% spreadsheet um audit costs Corrections 00:09:25.079 --> 00:09:26.990 align:start position:0% spreadsheet um audit costs Corrections and<00:09:25.240>their <00:09:25.440>ending <00:09:25.800>market <00:09:26.200>value <00:09:26.519>Broken <00:09:26.800>Out 00:09:26.990 --> 00:09:27.000 align:start position:0% and their ending market value Broken Out 00:09:27.000 --> 00:09:33.550 align:start position:0% and their ending market value Broken Out by<00:09:27.160>each <00:09:27.399>individual <00:09:28.120>account 00:09:33.550 --> 00:09:33.560 align:start position:0% 00:09:33.560 --> 00:09:36.870 align:start position:0% starting<00:09:33.920>on <00:09:34.160>page <00:09:34.880>38 <00:09:35.880>this <00:09:36.120>is <00:09:36.320>the <00:09:36.480>list <00:09:36.760>of 00:09:36.870 --> 00:09:36.880 align:start position:0% starting on page 38 this is the list of 00:09:36.880 --> 00:09:38.389 align:start position:0% starting on page 38 this is the list of no 00:09:38.389 --> 00:09:38.399 align:start position:0% no 00:09:38.399 --> 00:09:41.470 align:start position:0% no W9<00:09:39.399>individual <00:09:39.920>names <00:09:40.399>Broken <00:09:40.800>Out <00:09:41.040>by <00:09:41.279>their 00:09:41.470 --> 00:09:41.480 align:start position:0% W9 individual names Broken Out by their 00:09:41.480 --> 00:09:43.910 align:start position:0% W9 individual names Broken Out by their docket 00:09:43.910 --> 00:09:43.920 align:start position:0% docket 00:09:43.920 --> 00:09:46.949 align:start position:0% docket number<00:09:44.920>and <00:09:45.320>this <00:09:45.399>is <00:09:45.519>a <00:09:45.680>long <00:09:45.959>list <00:09:46.279>as 00:09:46.949 --> 00:09:46.959 align:start position:0% number and this is a long list as 00:09:46.959 --> 00:09:51.550 align:start position:0% number and this is a long list as well<00:09:47.959>it <00:09:48.120>has <00:09:48.519>433 <00:09:49.519>lines <00:09:50.040>on <00:09:50.320>it <00:09:51.320>not 00:09:51.550 --> 00:09:51.560 align:start position:0% well it has 433 lines on it not 00:09:51.560 --> 00:09:55.550 align:start position:0% well it has 433 lines on it not necessarily<00:09:52.160>433 <00:09:53.160>names <00:09:53.560>but <00:09:53.800>433 <00:09:54.800>individual 00:09:55.550 --> 00:09:55.560 align:start position:0% necessarily 433 names but 433 individual 00:09:55.560 --> 00:09:57.670 align:start position:0% necessarily 433 names but 433 individual lines<00:09:56.560>that <00:09:56.760>these <00:09:56.959>people <00:09:57.200>just <00:09:57.360>need <00:09:57.519>to 00:09:57.670 --> 00:09:57.680 align:start position:0% lines that these people just need to 00:09:57.680 --> 00:10:00.590 align:start position:0% lines that these people just need to submit<00:09:58.000>their <00:09:58.160>W9 <00:09:58.640>to <00:09:58.760>the <00:09:58.880>gas <00:09:59.480>company <00:10:00.480>and 00:10:00.590 --> 00:10:00.600 align:start position:0% submit their W9 to the gas company and 00:10:00.600 --> 00:10:02.509 align:start position:0% submit their W9 to the gas company and the<00:10:00.800>gas <00:10:01.000>company <00:10:01.320>send <00:10:01.560>it <00:10:01.680>to <00:10:01.800>me <00:10:02.040>and <00:10:02.200>we <00:10:02.279>can 00:10:02.509 --> 00:10:02.519 align:start position:0% the gas company send it to me and we can 00:10:02.519 --> 00:10:03.790 align:start position:0% the gas company send it to me and we can pay<00:10:02.760>these <00:10:02.920>people 00:10:03.790 --> 00:10:03.800 align:start position:0% pay these people 00:10:03.800 --> 00:10:06.110 align:start position:0% pay these people directly<00:10:04.800>so <00:10:05.000>there's <00:10:05.160>a <00:10:05.279>little <00:10:05.560>over 00:10:06.110 --> 00:10:06.120 align:start position:0% directly so there's a little over 00:10:06.120 --> 00:10:09.110 align:start position:0% directly so there's a little over $41,000<00:10:07.120>held <00:10:07.320>in <00:10:07.480>this <00:10:07.800>account <00:10:08.800>for <00:10:09.000>the 00:10:09.110 --> 00:10:09.120 align:start position:0% $41,000 held in this account for the 00:10:09.120 --> 00:10:12.590 align:start position:0% $41,000 held in this account for the people<00:10:09.360>that <00:10:09.480>need <00:10:09.640>to <00:10:09.800>submit <00:10:10.120>their 00:10:12.590 --> 00:10:12.600 align:start position:0% 00:10:12.600 --> 00:10:15.710 align:start position:0% W9<00:10:13.600>if <00:10:13.839>if <00:10:13.959>I <00:10:14.120>might <00:10:14.399>ask <00:10:14.600>a <00:10:14.760>question <00:10:15.160>it <00:10:15.560>are 00:10:15.710 --> 00:10:15.720 align:start position:0% W9 if if I might ask a question it are 00:10:15.720 --> 00:10:17.590 align:start position:0% W9 if if I might ask a question it are the<00:10:15.880>reasons <00:10:16.360>here <00:10:16.640>the <00:10:16.800>same <00:10:17.079>as <00:10:17.200>they <00:10:17.320>were 00:10:17.590 --> 00:10:17.600 align:start position:0% the reasons here the same as they were 00:10:17.600 --> 00:10:20.190 align:start position:0% the reasons here the same as they were before<00:10:18.160>people <00:10:18.480>get <00:10:19.399>a <00:10:19.519>letter <00:10:19.839>from <00:10:20.040>the 00:10:20.190 --> 00:10:20.200 align:start position:0% before people get a letter from the 00:10:20.200 --> 00:10:23.230 align:start position:0% before people get a letter from the government<00:10:20.600>and <00:10:20.839>they <00:10:21.560>or <00:10:21.880>from <00:10:22.360>an <00:10:22.560>agency 00:10:23.230 --> 00:10:23.240 align:start position:0% government and they or from an agency 00:10:23.240 --> 00:10:24.870 align:start position:0% government and they or from an agency and<00:10:23.399>they <00:10:23.560>just <00:10:23.680>don't <00:10:23.920>pick <00:10:24.079>it <00:10:24.200>up <00:10:24.399>thinking 00:10:24.870 --> 00:10:24.880 align:start position:0% and they just don't pick it up thinking 00:10:24.880 --> 00:10:25.829 align:start position:0% and they just don't pick it up thinking it's 00:10:25.829 --> 00:10:25.839 align:start position:0% it's 00:10:25.839 --> 00:10:28.269 align:start position:0% it's a<00:10:26.839>I <00:10:26.920>mean <00:10:27.079>I <00:10:27.160>don't <00:10:27.320>know <00:10:27.480>if <00:10:27.600>we <00:10:27.760>know <00:10:28.040>why 00:10:28.269 --> 00:10:28.279 align:start position:0% a I mean I don't know if we know why 00:10:28.279 --> 00:10:29.670 align:start position:0% a I mean I don't know if we know why they<00:10:28.399>don't <00:10:28.640>pick <00:10:28.800>them <00:10:28.920>up <00:10:29.200>but <00:10:29.360>they <00:10:29.480>get 00:10:29.670 --> 00:10:29.680 align:start position:0% they don't pick them up but they get 00:10:29.680 --> 00:10:31.350 align:start position:0% they don't pick them up but they get something<00:10:29.959>with <00:10:30.120>a <00:10:30.399>return <00:10:30.640>receipt <00:10:31.040>and <00:10:31.160>they 00:10:31.350 --> 00:10:31.360 align:start position:0% something with a return receipt and they 00:10:31.360 --> 00:10:33.230 align:start position:0% something with a return receipt and they decide<00:10:31.720>not <00:10:31.839>to <00:10:32.000>go <00:10:32.120>to <00:10:32.240>the <00:10:32.399>post <00:10:32.760>office 00:10:33.230 --> 00:10:33.240 align:start position:0% decide not to go to the post office 00:10:33.240 --> 00:10:35.790 align:start position:0% decide not to go to the post office because<00:10:34.120>they're <00:10:34.360>afraid <00:10:34.680>it's <00:10:34.839>a <00:10:35.160>tax <00:10:35.399>lean 00:10:35.790 --> 00:10:35.800 align:start position:0% because they're afraid it's a tax lean 00:10:35.800 --> 00:10:36.949 align:start position:0% because they're afraid it's a tax lean or 00:10:36.949 --> 00:10:36.959 align:start position:0% or 00:10:36.959 --> 00:10:39.389 align:start position:0% or something<00:10:37.959>it <00:10:38.120>very <00:10:38.320>well <00:10:38.560>could 00:10:39.389 --> 00:10:39.399 align:start position:0% something it very well could 00:10:39.399 --> 00:10:43.230 align:start position:0% something it very well could be<00:10:40.399>okay <00:10:41.200>thank <00:10:41.360>you <00:10:41.519>the <00:10:41.639>gas <00:10:41.920>company <00:10:42.200>sends 00:10:43.230 --> 00:10:43.240 align:start position:0% be okay thank you the gas company sends 00:10:43.240 --> 00:10:45.910 align:start position:0% be okay thank you the gas company sends out<00:10:44.240>the <00:10:44.399>gas <00:10:44.639>company <00:10:44.880>sends <00:10:45.320>those <00:10:45.480>out 00:10:45.910 --> 00:10:45.920 align:start position:0% out the gas company sends those out 00:10:45.920 --> 00:10:49.030 align:start position:0% out the gas company sends those out return<00:10:46.200>receipts <00:10:47.279>so <00:10:48.279>um <00:10:48.440>a <00:10:48.560>lot <00:10:48.680>of <00:10:48.880>these 00:10:49.030 --> 00:10:49.040 align:start position:0% return receipts so um a lot of these 00:10:49.040 --> 00:10:50.550 align:start position:0% return receipts so um a lot of these were 00:10:50.550 --> 00:10:50.560 align:start position:0% were 00:10:50.560 --> 00:10:53.949 align:start position:0% were prior<00:10:51.560>um <00:10:52.200>intervest <00:10:52.760>dockets <00:10:53.320>there's <00:10:53.560>a <00:10:53.680>few 00:10:53.949 --> 00:10:53.959 align:start position:0% prior um intervest dockets there's a few 00:10:53.959 --> 00:10:58.030 align:start position:0% prior um intervest dockets there's a few on<00:10:54.240>there <00:10:54.639>for <00:10:55.279>cnx <00:10:55.800>Pocahontas <00:10:56.760>gas <00:10:57.760>and 00:10:58.030 --> 00:10:58.040 align:start position:0% on there for cnx Pocahontas gas and 00:10:58.040 --> 00:11:00.829 align:start position:0% on there for cnx Pocahontas gas and those<00:10:58.480>are <00:10:59.399>because <00:10:59.720>the <00:10:59.880>person <00:11:00.240>has <00:11:00.480>passed 00:11:00.829 --> 00:11:00.839 align:start position:0% those are because the person has passed 00:11:00.839 --> 00:11:01.949 align:start position:0% those are because the person has passed away 00:11:01.949 --> 00:11:01.959 align:start position:0% away 00:11:01.959 --> 00:11:04.269 align:start position:0% away generally<00:11:02.959>when <00:11:03.120>the <00:11:03.279>docket <00:11:03.639>was <00:11:03.800>issued 00:11:04.269 --> 00:11:04.279 align:start position:0% generally when the docket was issued 00:11:04.279 --> 00:11:07.150 align:start position:0% generally when the docket was issued they<00:11:04.399>were <00:11:05.120>they <00:11:05.519>returned <00:11:05.920>their 00:11:07.150 --> 00:11:07.160 align:start position:0% they were they returned their 00:11:07.160 --> 00:11:09.350 align:start position:0% they were they returned their receipt<00:11:08.160>and <00:11:08.279>then <00:11:08.399>they <00:11:08.600>passed <00:11:08.880>away <00:11:09.160>so 00:11:09.350 --> 00:11:09.360 align:start position:0% receipt and then they passed away so 00:11:09.360 --> 00:11:11.150 align:start position:0% receipt and then they passed away so we're<00:11:09.600>waiting <00:11:09.880>on <00:11:10.000>The <00:11:10.120>Heirs <00:11:10.560>to <00:11:10.800>submit 00:11:11.150 --> 00:11:11.160 align:start position:0% we're waiting on The Heirs to submit 00:11:11.160 --> 00:11:13.550 align:start position:0% we're waiting on The Heirs to submit their<00:11:11.320>W <00:11:11.639>NES <00:11:12.480>yeah <00:11:12.839>okay <00:11:13.040>I'm <00:11:13.120>sorry <00:11:13.320>I <00:11:13.399>didn't 00:11:13.550 --> 00:11:13.560 align:start position:0% their W NES yeah okay I'm sorry I didn't 00:11:13.560 --> 00:11:17.550 align:start position:0% their W NES yeah okay I'm sorry I didn't mean<00:11:13.680>to <00:11:13.800>interrupt <00:11:14.440>go <00:11:14.760>ahead <00:11:15.760>go <00:11:15.839>ahead <00:11:16.560>fine 00:11:17.550 --> 00:11:17.560 align:start position:0% mean to interrupt go ahead go ahead fine 00:11:17.560 --> 00:11:19.629 align:start position:0% mean to interrupt go ahead go ahead fine um<00:11:17.839>so <00:11:18.040>a <00:11:18.120>little <00:11:18.320>over <00:11:18.519>41,000 <00:11:19.240>sitting <00:11:19.519>in 00:11:19.629 --> 00:11:19.639 align:start position:0% um so a little over 41,000 sitting in 00:11:19.639 --> 00:11:21.949 align:start position:0% um so a little over 41,000 sitting in that<00:11:20.040>account <00:11:21.040>and <00:11:21.160>it's <00:11:21.360>still <00:11:21.560>earning 00:11:21.949 --> 00:11:21.959 align:start position:0% that account and it's still earning 00:11:21.959 --> 00:11:24.629 align:start position:0% that account and it's still earning interest<00:11:22.360>as <00:11:22.839>well <00:11:23.839>and <00:11:24.000>that's <00:11:24.160>broken <00:11:24.440>out 00:11:24.629 --> 00:11:24.639 align:start position:0% interest as well and that's broken out 00:11:24.639 --> 00:11:26.430 align:start position:0% interest as well and that's broken out by<00:11:24.760>each <00:11:24.959>individual 00:11:26.430 --> 00:11:26.440 align:start position:0% by each individual 00:11:26.440 --> 00:11:30.350 align:start position:0% by each individual person<00:11:27.440>page <00:11:27.720>50 <00:11:28.360>is <00:11:28.519>a <00:11:28.680>total <00:11:29.079>of <00:11:29.200>the 00:11:30.350 --> 00:11:30.360 align:start position:0% person page 50 is a total of the 00:11:30.360 --> 00:11:33.509 align:start position:0% person page 50 is a total of the distributions<00:11:31.360>the <00:11:32.240>income <00:11:32.720>that <00:11:32.920>we <00:11:33.079>have 00:11:33.509 --> 00:11:33.519 align:start position:0% distributions the income that we have 00:11:33.519 --> 00:11:35.389 align:start position:0% distributions the income that we have received<00:11:34.240>the <00:11:34.399>distributions <00:11:35.000>that <00:11:35.160>we've 00:11:35.389 --> 00:11:35.399 align:start position:0% received the distributions that we've 00:11:35.399 --> 00:11:37.990 align:start position:0% received the distributions that we've paid<00:11:35.639>out <00:11:36.560>broken <00:11:37.000>down <00:11:37.240>by <00:11:37.399>each <00:11:37.600>year <00:11:37.760>since 00:11:37.990 --> 00:11:38.000 align:start position:0% paid out broken down by each year since 00:11:38.000 --> 00:11:42.590 align:start position:0% paid out broken down by each year since First<00:11:38.200>Bank <00:11:38.399>and <00:11:38.519>Trust <00:11:38.880>became <00:11:39.079>the <00:11:39.240>escrow 00:11:42.590 --> 00:11:42.600 align:start position:0% 00:11:42.600 --> 00:11:44.389 align:start position:0% agent<00:11:43.600>page 00:11:44.389 --> 00:11:44.399 align:start position:0% agent page 00:11:44.399 --> 00:11:47.790 align:start position:0% agent page 51<00:11:45.399>is <00:11:45.600>the <00:11:45.720>investment <00:11:46.120>of <00:11:46.279>the <00:11:46.399>funds <00:11:47.360>as <00:11:47.519>of 00:11:47.790 --> 00:11:47.800 align:start position:0% 51 is the investment of the funds as of 00:11:47.800 --> 00:11:49.590 align:start position:0% 51 is the investment of the funds as of the<00:11:48.079>December 00:11:49.590 --> 00:11:49.600 align:start position:0% the December 00:11:49.600 --> 00:11:53.750 align:start position:0% the December 31st<00:11:50.600>we <00:11:50.800>had <00:11:51.079>three <00:11:51.440>million <00:11:52.040>in <00:11:53.040>ic <00:11:53.519>money 00:11:53.750 --> 00:11:53.760 align:start position:0% 31st we had three million in ic money 00:11:53.760 --> 00:11:57.190 align:start position:0% 31st we had three million in ic money market<00:11:54.320>account <00:11:55.320>and <00:11:55.600>then <00:11:55.760>$2 <00:11:56.160>million <00:11:56.920>in 00:11:57.190 --> 00:11:57.200 align:start position:0% market account and then $2 million in 00:11:57.200 --> 00:12:03.069 align:start position:0% market account and then $2 million in CDs<00:11:57.839>that <00:11:57.959>are <00:11:58.120>coming <00:11:58.480>due <00:11:59.240>this 00:12:03.069 --> 00:12:03.079 align:start position:0% 00:12:03.079 --> 00:12:07.230 align:start position:0% July<00:12:04.079>and <00:12:04.200>the <00:12:04.360>CDs <00:12:04.959>ranged <00:12:05.639>from <00:12:06.639>five <00:12:06.959>and <00:12:07.040>a 00:12:07.230 --> 00:12:07.240 align:start position:0% July and the CDs ranged from five and a 00:12:07.240 --> 00:12:11.590 align:start position:0% July and the CDs ranged from five and a quarter<00:12:08.240>to 00:12:11.590 --> 00:12:11.600 align:start position:0% 00:12:11.600 --> 00:12:15.110 align:start position:0% 5.3%<00:12:12.600>up <00:12:12.760>to <00:12:13.079>5.5 <00:12:14.040>was <00:12:14.199>the <00:12:14.360>highest <00:12:14.639>that <00:12:14.760>we 00:12:15.110 --> 00:12:15.120 align:start position:0% 5.3% up to 5.5 was the highest that we 00:12:15.120 --> 00:12:19.230 align:start position:0% 5.3% up to 5.5 was the highest that we received<00:12:15.279>in <00:12:16.040>interest <00:12:17.040>on 00:12:19.230 --> 00:12:19.240 align:start position:0% received in interest on 00:12:19.240 --> 00:12:21.670 align:start position:0% received in interest on those<00:12:20.240>rate 00:12:21.670 --> 00:12:21.680 align:start position:0% those rate 00:12:21.680 --> 00:12:24.590 align:start position:0% those rate comparisons<00:12:22.680>um <00:12:23.639>this <00:12:23.760>has <00:12:23.880>broken <00:12:24.240>down <00:12:24.399>by 00:12:24.590 --> 00:12:24.600 align:start position:0% comparisons um this has broken down by 00:12:24.600 --> 00:12:26.470 align:start position:0% comparisons um this has broken down by one<00:12:24.800>month <00:12:25.079>three <00:12:25.360>months <00:12:25.680>six <00:12:25.920>months <00:12:26.279>one 00:12:26.470 --> 00:12:26.480 align:start position:0% one month three months six months one 00:12:26.480 --> 00:12:27.870 align:start position:0% one month three months six months one year<00:12:26.680>and <00:12:26.839>two 00:12:27.870 --> 00:12:27.880 align:start position:0% year and two 00:12:27.880 --> 00:12:29.750 align:start position:0% year and two years 00:12:29.750 --> 00:12:29.760 align:start position:0% years 00:12:29.760 --> 00:12:32.189 align:start position:0% years based<00:12:30.000>on <00:12:30.199>what <00:12:30.320>it <00:12:30.440>was <00:12:30.639>at <00:12:30.800>the <00:12:31.000>last <00:12:31.600>vgb 00:12:32.189 --> 00:12:32.199 align:start position:0% based on what it was at the last vgb 00:12:32.199 --> 00:12:33.910 align:start position:0% based on what it was at the last vgb board<00:12:32.440>meeting <00:12:32.720>that <00:12:32.839>we <00:12:32.920>were <00:12:33.160>at <00:12:33.600>and 00:12:33.910 --> 00:12:33.920 align:start position:0% board meeting that we were at and 00:12:33.920 --> 00:12:36.150 align:start position:0% board meeting that we were at and current<00:12:34.320>rates <00:12:35.240>this <00:12:35.399>was <00:12:35.560>current <00:12:35.839>as <00:12:36.000>of 00:12:36.150 --> 00:12:36.160 align:start position:0% current rates this was current as of 00:12:36.160 --> 00:12:37.230 align:start position:0% current rates this was current as of January<00:12:36.560>the 00:12:37.230 --> 00:12:37.240 align:start position:0% January the 00:12:37.240 --> 00:12:39.670 align:start position:0% January the 4th<00:12:38.240>so <00:12:38.440>those <00:12:38.600>are <00:12:38.760>a <00:12:38.880>little <00:12:39.120>outdated 00:12:39.670 --> 00:12:39.680 align:start position:0% 4th so those are a little outdated 00:12:39.680 --> 00:12:44.269 align:start position:0% 4th so those are a little outdated numbers 00:12:44.269 --> 00:12:44.279 align:start position:0% 00:12:44.279 --> 00:12:47.310 align:start position:0% now<00:12:45.279>and <00:12:45.399>then <00:12:45.639>again <00:12:45.959>the <00:12:46.560>last <00:12:46.839>page <00:12:47.040>is <00:12:47.199>the 00:12:47.310 --> 00:12:47.320 align:start position:0% now and then again the last page is the 00:12:47.320 --> 00:12:49.069 align:start position:0% now and then again the last page is the CD<00:12:47.639>rates <00:12:47.959>and <00:12:48.160>these <00:12:48.279>were <00:12:48.519>as <00:12:48.680>of <00:12:48.880>the 00:12:49.069 --> 00:12:49.079 align:start position:0% CD rates and these were as of the 00:12:49.079 --> 00:12:51.629 align:start position:0% CD rates and these were as of the January<00:12:49.560>meeting <00:12:49.959>that <00:12:50.120>was <00:12:50.320>cancelled <00:12:51.279>so 00:12:51.629 --> 00:12:51.639 align:start position:0% January meeting that was cancelled so 00:12:51.639 --> 00:12:53.470 align:start position:0% January meeting that was cancelled so these<00:12:51.839>numbers <00:12:52.120>are <00:12:52.279>a <00:12:52.399>little <00:12:52.560>outdated <00:12:53.199>now 00:12:53.470 --> 00:12:53.480 align:start position:0% these numbers are a little outdated now 00:12:53.480 --> 00:12:56.430 align:start position:0% these numbers are a little outdated now too<00:12:54.480>so <00:12:54.680>we <00:12:54.839>had <00:12:55.360>at <00:12:55.480>the <00:12:55.639>time <00:12:55.920>three <00:12:56.160>month 00:12:56.430 --> 00:12:56.440 align:start position:0% too so we had at the time three month 00:12:56.440 --> 00:12:59.550 align:start position:0% too so we had at the time three month CDs<00:12:56.880>that <00:12:57.040>ranged <00:12:57.399>from <00:12:57.600>4.85 <00:12:58.600>to 00:12:59.550 --> 00:12:59.560 align:start position:0% CDs that ranged from 4.85 to 00:12:59.560 --> 00:13:02.350 align:start position:0% CDs that ranged from 4.85 to 5.1<00:13:00.560>all <00:13:00.720>the <00:13:00.800>way <00:13:00.959>up <00:13:01.120>to <00:13:01.279>2year <00:13:01.720>CDs <00:13:02.240>that 00:13:02.350 --> 00:13:02.360 align:start position:0% 5.1 all the way up to 2year CDs that 00:13:02.360 --> 00:13:06.829 align:start position:0% 5.1 all the way up to 2year CDs that range<00:13:02.680>from <00:13:02.880>4.1 <00:13:03.639>to 00:13:06.829 --> 00:13:06.839 align:start position:0% 00:13:06.839 --> 00:13:10.750 align:start position:0% 4.65<00:13:07.839>does <00:13:08.040>anybody <00:13:08.360>have <00:13:08.519>any 00:13:10.750 --> 00:13:10.760 align:start position:0% 4.65 does anybody have any 00:13:10.760 --> 00:13:17.870 align:start position:0% 4.65 does anybody have any questions<00:13:11.760>any <00:13:12.040>questions <00:13:12.519>from <00:13:12.920>board 00:13:17.870 --> 00:13:17.880 align:start position:0% 00:13:17.880 --> 00:13:21.069 align:start position:0% members<00:13:18.880>any <00:13:19.160>interest <00:13:19.639>in <00:13:20.079>increasing <00:13:20.839>the 00:13:21.069 --> 00:13:21.079 align:start position:0% members any interest in increasing the 00:13:21.079 --> 00:13:22.949 align:start position:0% members any interest in increasing the amount<00:13:21.279>of <00:13:21.440>CDs <00:13:21.959>that <00:13:22.120>you 00:13:22.949 --> 00:13:22.959 align:start position:0% amount of CDs that you 00:13:22.959 --> 00:13:26.150 align:start position:0% amount of CDs that you have<00:13:23.959>these <00:13:24.120>will <00:13:24.320>come <00:13:24.560>doe <00:13:24.720>in 00:13:26.150 --> 00:13:26.160 align:start position:0% have these will come doe in 00:13:26.160 --> 00:13:29.710 align:start position:0% have these will come doe in J<00:13:27.160>and <00:13:27.279>they're <00:13:27.519>still <00:13:27.720>$3 <00:13:28.040>million 00:13:29.710 --> 00:13:29.720 align:start position:0% J and they're still $3 million 00:13:29.720 --> 00:13:32.030 align:start position:0% J and they're still $3 million cash<00:13:30.720>okay 00:13:32.030 --> 00:13:32.040 align:start position:0% cash okay 00:13:32.040 --> 00:13:34.990 align:start position:0% cash okay uh<00:13:33.040>let <00:13:33.199>let <00:13:33.279>me <00:13:33.440>do <00:13:33.680>indicate <00:13:34.519>Let's <00:13:34.680>see <00:13:34.839>we 00:13:34.990 --> 00:13:35.000 align:start position:0% uh let let me do indicate Let's see we 00:13:35.000 --> 00:13:36.509 align:start position:0% uh let let me do indicate Let's see we have<00:13:35.199>another 00:13:36.509 --> 00:13:36.519 align:start position:0% have another 00:13:36.519 --> 00:13:38.790 align:start position:0% have another meeting<00:13:37.519>Let's <00:13:37.680>see <00:13:37.959>we <00:13:38.079>do <00:13:38.199>we <00:13:38.320>have <00:13:38.480>another 00:13:38.790 --> 00:13:38.800 align:start position:0% meeting Let's see we do we have another 00:13:38.800 --> 00:13:42.150 align:start position:0% meeting Let's see we do we have another report<00:13:39.160>let's <00:13:39.320>see <00:13:39.519>July <00:13:40.000>is <00:13:40.199>when 00:13:42.150 --> 00:13:42.160 align:start position:0% report let's see July is when 00:13:42.160 --> 00:13:45.150 align:start position:0% report let's see July is when when<00:13:43.160>uh <00:13:43.760>well <00:13:44.199>I'm <00:13:44.360>trying <00:13:44.560>to <00:13:44.639>think <00:13:44.920>I <00:13:45.040>just 00:13:45.150 --> 00:13:45.160 align:start position:0% when uh well I'm trying to think I just 00:13:45.160 --> 00:13:46.629 align:start position:0% when uh well I'm trying to think I just saw<00:13:45.360>Donnie <00:13:45.760>there <00:13:45.959>I'm <00:13:46.120>thinking <00:13:46.399>we'd 00:13:46.629 --> 00:13:46.639 align:start position:0% saw Donnie there I'm thinking we'd 00:13:46.639 --> 00:13:50.389 align:start position:0% saw Donnie there I'm thinking we'd probably<00:13:46.839>need <00:13:47.000>to <00:13:47.120>get <00:13:47.279>him <00:13:47.440>on <00:13:48.079>board <00:13:49.399>uh 00:13:50.389 --> 00:13:50.399 align:start position:0% probably need to get him on board uh 00:13:50.399 --> 00:13:52.030 align:start position:0% probably need to get him on board uh let's<00:13:50.600>do <00:13:50.800>that <00:13:51.000>I <00:13:51.120>don't <00:13:51.279>mean <00:13:51.440>to <00:13:51.560>interrupt 00:13:52.030 --> 00:13:52.040 align:start position:0% let's do that I don't mean to interrupt 00:13:52.040 --> 00:13:54.509 align:start position:0% let's do that I don't mean to interrupt but<00:13:52.240>in <00:13:52.440>case <00:13:52.600>Donny <00:13:53.000>has <00:13:53.120>a <00:13:53.320>question <00:13:54.279>about 00:13:54.509 --> 00:13:54.519 align:start position:0% but in case Donny has a question about 00:13:54.519 --> 00:13:56.749 align:start position:0% but in case Donny has a question about the<00:13:54.720>rates <00:13:55.240>let's <00:13:55.480>go <00:13:55.600>ahead <00:13:55.800>and <00:13:55.920>get <00:13:56.120>him 00:13:56.749 --> 00:13:56.759 align:start position:0% the rates let's go ahead and get him 00:13:56.759 --> 00:14:00.350 align:start position:0% the rates let's go ahead and get him admitted<00:13:57.759>then <00:13:57.920>we're <00:13:58.240>all <00:13:59.120>um <00:13:59.480>legal <00:14:00.040>if <00:14:00.160>you 00:14:00.350 --> 00:14:00.360 align:start position:0% admitted then we're all um legal if you 00:14:00.360 --> 00:14:02.910 align:start position:0% admitted then we're all um legal if you will<00:14:01.360>so <00:14:01.759>let <00:14:01.920>let <00:14:02.000>me <00:14:02.160>just <00:14:02.320>interrupt <00:14:02.759>you 00:14:02.910 --> 00:14:02.920 align:start position:0% will so let let me just interrupt you 00:14:02.920 --> 00:14:04.470 align:start position:0% will so let let me just interrupt you just<00:14:03.040>for <00:14:03.199>a <00:14:03.320>quick <00:14:03.519>second <00:14:03.759>and <00:14:03.920>get <00:14:04.079>Donnie 00:14:04.470 --> 00:14:04.480 align:start position:0% just for a quick second and get Donnie 00:14:04.480 --> 00:14:08.470 align:start position:0% just for a quick second and get Donnie on<00:14:05.360>um <00:14:06.320>we <00:14:06.600>did <00:14:06.959>indicate <00:14:07.560>earlier <00:14:08.040>that <00:14:08.160>we <00:14:08.279>do 00:14:08.470 --> 00:14:08.480 align:start position:0% on um we did indicate earlier that we do 00:14:08.480 --> 00:14:11.710 align:start position:0% on um we did indicate earlier that we do have<00:14:08.639>an <00:14:08.839>approved <00:14:09.839>um <00:14:10.120>I'm <00:14:10.279>sorry <00:14:11.000>we <00:14:11.160>do <00:14:11.440>have 00:14:11.710 --> 00:14:11.720 align:start position:0% have an approved um I'm sorry we do have 00:14:11.720 --> 00:14:15.069 align:start position:0% have an approved um I'm sorry we do have the<00:14:11.959>form <00:14:12.600>from <00:14:12.920>him <00:14:13.519>for <00:14:13.880>the <00:14:14.399>uh 00:14:15.069 --> 00:14:15.079 align:start position:0% the form from him for the uh 00:14:15.079 --> 00:14:18.189 align:start position:0% the form from him for the uh requesting<00:14:16.079>uh <00:14:16.800>approval <00:14:17.199>for <00:14:17.399>the <00:14:17.560>remote 00:14:18.189 --> 00:14:18.199 align:start position:0% requesting uh approval for the remote 00:14:18.199 --> 00:14:20.670 align:start position:0% requesting uh approval for the remote attendance<00:14:19.199>uh <00:14:19.320>do <00:14:19.480>we <00:14:19.680>have <00:14:19.920>a <00:14:20.040>motion <00:14:20.360>and <00:14:20.560>we 00:14:20.670 --> 00:14:20.680 align:start position:0% attendance uh do we have a motion and we 00:14:20.680 --> 00:14:23.910 align:start position:0% attendance uh do we have a motion and we did<00:14:20.880>indicate <00:14:21.399>that <00:14:21.560>he <00:14:21.720>was <00:14:22.160>attending <00:14:23.160>the 00:14:23.910 --> 00:14:23.920 align:start position:0% did indicate that he was attending the 00:14:23.920 --> 00:14:26.590 align:start position:0% did indicate that he was attending the um<00:14:24.440>General <00:14:24.839>Assembly <00:14:25.240>meetings <00:14:25.639>in <00:14:25.839>Richmond 00:14:26.590 --> 00:14:26.600 align:start position:0% um General Assembly meetings in Richmond 00:14:26.600 --> 00:14:29.269 align:start position:0% um General Assembly meetings in Richmond do<00:14:26.759>I <00:14:26.880>have <00:14:26.959>a <00:14:27.079>motion <00:14:27.480>relative <00:14:28.000>to <00:14:28.320>his 00:14:29.269 --> 00:14:29.279 align:start position:0% do I have a motion relative to his 00:14:29.279 --> 00:14:31.870 align:start position:0% do I have a motion relative to his uh<00:14:29.800>resolution <00:14:30.800>approving 00:14:31.870 --> 00:14:31.880 align:start position:0% uh resolution approving 00:14:31.880 --> 00:14:35.430 align:start position:0% uh resolution approving that<00:14:32.880>okay <00:14:33.240>fine <00:14:33.720>second <00:14:34.240>second <00:14:34.800>okay <00:14:35.000>all <00:14:35.240>in 00:14:35.430 --> 00:14:35.440 align:start position:0% that okay fine second second okay all in 00:14:35.440 --> 00:14:36.710 align:start position:0% that okay fine second second okay all in favor<00:14:35.759>say 00:14:36.710 --> 00:14:36.720 align:start position:0% favor say 00:14:36.720 --> 00:14:40.910 align:start position:0% favor say yes<00:14:38.000>no <00:14:39.000>fine <00:14:39.440>yeah <00:14:39.720>that <00:14:39.959>has <00:14:40.160>been <00:14:40.399>approved 00:14:40.910 --> 00:14:40.920 align:start position:0% yes no fine yeah that has been approved 00:14:40.920 --> 00:14:45.470 align:start position:0% yes no fine yeah that has been approved and<00:14:41.480>again <00:14:42.000>uh <00:14:42.120>we <00:14:42.240>do <00:14:42.600>ratify <00:14:43.320>his <00:14:44.320>uh 00:14:45.470 --> 00:14:45.480 align:start position:0% and again uh we do ratify his uh 00:14:45.480 --> 00:14:48.509 align:start position:0% and again uh we do ratify his uh determination<00:14:46.480>uh <00:14:46.720>for <00:14:47.680>uh <00:14:47.959>meeting <00:14:48.320>that 00:14:48.509 --> 00:14:48.519 align:start position:0% determination uh for uh meeting that 00:14:48.519 --> 00:14:51.670 align:start position:0% determination uh for uh meeting that requirement<00:14:49.000>so <00:14:49.399>uh <00:14:49.560>Donnie <00:14:50.279>welcome <00:14:51.279>uh 00:14:51.670 --> 00:14:51.680 align:start position:0% requirement so uh Donnie welcome uh 00:14:51.680 --> 00:14:54.230 align:start position:0% requirement so uh Donnie welcome uh thank<00:14:51.880>you <00:14:52.880>we <00:14:53.199>we'll <00:14:53.399>have <00:14:53.600>another <00:14:53.880>board 00:14:54.230 --> 00:14:54.240 align:start position:0% thank you we we'll have another board 00:14:54.240 --> 00:14:57.310 align:start position:0% thank you we we'll have another board presentation<00:14:54.920>in <00:14:55.120>May <00:14:55.720>will <00:14:55.880>we <00:14:56.079>not <00:14:57.079>yeah 00:14:57.310 --> 00:14:57.320 align:start position:0% presentation in May will we not yeah 00:14:57.320 --> 00:14:59.269 align:start position:0% presentation in May will we not yeah that<00:14:57.759>that <00:14:57.880>was <00:14:58.040>my <00:14:58.199>question <00:14:58.759>then <00:14:58.920>I <00:14:59.040>thought 00:14:59.269 --> 00:14:59.279 align:start position:0% that that was my question then I thought 00:14:59.279 --> 00:15:01.710 align:start position:0% that that was my question then I thought well<00:14:59.480>since <00:14:59.680>you <00:14:59.800>were <00:15:00.120>there <00:15:00.720>I'd <00:15:01.160>uh <00:15:01.600>go 00:15:01.710 --> 00:15:01.720 align:start position:0% well since you were there I'd uh go 00:15:01.720 --> 00:15:03.910 align:start position:0% well since you were there I'd uh go ahead<00:15:02.000>and <00:15:02.279>and <00:15:02.480>get <00:15:02.639>you <00:15:02.880>on <00:15:03.079>board <00:15:03.600>yeah <00:15:03.800>that 00:15:03.910 --> 00:15:03.920 align:start position:0% ahead and and get you on board yeah that 00:15:03.920 --> 00:15:05.550 align:start position:0% ahead and and get you on board yeah that was<00:15:04.079>my <00:15:04.279>question <00:15:04.839>we <00:15:04.959>would <00:15:05.120>have <00:15:05.279>another 00:15:05.550 --> 00:15:05.560 align:start position:0% was my question we would have another 00:15:05.560 --> 00:15:12.189 align:start position:0% was my question we would have another meeting<00:15:06.440>before <00:15:07.440>um <00:15:08.279>a <00:15:08.839>the <00:15:09.320>July <00:15:10.320>uh <00:15:10.519>I <00:15:11.079>guess 00:15:12.189 --> 00:15:12.199 align:start position:0% meeting before um a the July uh I guess 00:15:12.199 --> 00:15:14.990 align:start position:0% meeting before um a the July uh I guess um<00:15:13.199>report <00:15:13.680>from <00:15:14.079>the 00:15:14.990 --> 00:15:15.000 align:start position:0% um report from the 00:15:15.000 --> 00:15:17.389 align:start position:0% um report from the bank<00:15:16.000>that's <00:15:16.240>what <00:15:16.480>I'm <00:15:16.759>thinking <00:15:17.120>it <00:15:17.240>would 00:15:17.389 --> 00:15:17.399 align:start position:0% bank that's what I'm thinking it would 00:15:17.399 --> 00:15:20.110 align:start position:0% bank that's what I'm thinking it would be<00:15:17.639>this <00:15:17.759>is <00:15:18.040>February <00:15:18.440>so <00:15:18.600>March <00:15:18.920>April <00:15:19.240>May 00:15:20.110 --> 00:15:20.120 align:start position:0% be this is February so March April May 00:15:20.120 --> 00:15:24.230 align:start position:0% be this is February so March April May yeah<00:15:20.440>and <00:15:20.600>then <00:15:21.160>then <00:15:21.279>she <00:15:21.480>can <00:15:21.680>update <00:15:22.199>the <00:15:22.680>CD 00:15:24.230 --> 00:15:24.240 align:start position:0% yeah and then then she can update the CD 00:15:24.240 --> 00:15:26.269 align:start position:0% yeah and then then she can update the CD rates<00:15:25.240>uh <00:15:25.399>so <00:15:25.600>we <00:15:25.680>can <00:15:25.800>see <00:15:26.040>what <00:15:26.120>we're 00:15:26.269 --> 00:15:26.279 align:start position:0% rates uh so we can see what we're 00:15:26.279 --> 00:15:28.189 align:start position:0% rates uh so we can see what we're dealing<00:15:26.680>with <00:15:27.040>but <00:15:27.759>would <00:15:27.880>that <00:15:28.000>be <00:15:28.120>an 00:15:28.189 --> 00:15:28.199 align:start position:0% dealing with but would that be an 00:15:28.199 --> 00:15:29.590 align:start position:0% dealing with but would that be an appropriate 00:15:29.590 --> 00:15:29.600 align:start position:0% appropriate 00:15:29.600 --> 00:15:31.910 align:start position:0% appropriate time<00:15:30.600>um 00:15:31.910 --> 00:15:31.920 align:start position:0% time um 00:15:31.920 --> 00:15:34.870 align:start position:0% time um sure<00:15:32.920>okay <00:15:33.920>we <00:15:34.040>may <00:15:34.279>actually <00:15:34.560>have <00:15:34.720>two 00:15:34.870 --> 00:15:34.880 align:start position:0% sure okay we may actually have two 00:15:34.880 --> 00:15:36.269 align:start position:0% sure okay we may actually have two meetings 00:15:36.269 --> 00:15:36.279 align:start position:0% meetings 00:15:36.279 --> 00:15:39.910 align:start position:0% meetings before<00:15:37.279>these <00:15:37.519>CDs 00:15:39.910 --> 00:15:39.920 align:start position:0% before these CDs 00:15:39.920 --> 00:15:42.150 align:start position:0% before these CDs mature<00:15:40.920>so <00:15:41.160>let's <00:15:41.360>see <00:15:41.519>I <00:15:41.600>would <00:15:41.800>come <00:15:42.000>back 00:15:42.150 --> 00:15:42.160 align:start position:0% mature so let's see I would come back 00:15:42.160 --> 00:15:45.590 align:start position:0% mature so let's see I would come back for<00:15:42.440>first <00:15:42.800>quarter <00:15:43.560>in <00:15:44.120>April <00:15:45.120>assuming <00:15:45.519>that 00:15:45.590 --> 00:15:45.600 align:start position:0% for first quarter in April assuming that 00:15:45.600 --> 00:15:48.150 align:start position:0% for first quarter in April assuming that you<00:15:45.680>would <00:15:45.839>have <00:15:45.959>the <00:15:46.079>meeting <00:15:46.600>then <00:15:47.600>and <00:15:47.800>then 00:15:48.150 --> 00:15:48.160 align:start position:0% you would have the meeting then and then 00:15:48.160 --> 00:15:50.110 align:start position:0% you would have the meeting then and then second<00:15:48.480>quarter <00:15:48.880>would <00:15:49.079>be <00:15:49.279>the <00:15:49.440>end <00:15:49.600>of <00:15:49.800>June 00:15:50.110 --> 00:15:50.120 align:start position:0% second quarter would be the end of June 00:15:50.120 --> 00:15:52.069 align:start position:0% second quarter would be the end of June report<00:15:50.639>so <00:15:50.800>it <00:15:50.920>would <00:15:51.160>fall <00:15:51.480>around <00:15:51.720>the <00:15:51.880>time 00:15:52.069 --> 00:15:52.079 align:start position:0% report so it would fall around the time 00:15:52.079 --> 00:15:57.309 align:start position:0% report so it would fall around the time these<00:15:52.279>CDs <00:15:52.680>are <00:15:53.399>coming <00:15:54.040>due <00:15:55.040>okay <00:15:56.040>well <00:15:56.440>then 00:15:57.309 --> 00:15:57.319 align:start position:0% these CDs are coming due okay well then 00:15:57.319 --> 00:15:58.790 align:start position:0% these CDs are coming due okay well then in<00:15:57.519>that <00:15:57.720>case <00:15:57.959>is <00:15:58.079>there <00:15:58.240>something <00:15:58.680>we 00:15:58.790 --> 00:15:58.800 align:start position:0% in that case is there something we 00:15:58.800 --> 00:16:00.990 align:start position:0% in that case is there something we should<00:15:58.920>be <00:15:59.079>doing <00:16:00.040>would <00:16:00.199>you <00:16:00.319>just <00:16:00.440>say <00:16:00.720>3 00:16:00.990 --> 00:16:01.000 align:start position:0% should be doing would you just say 3 00:16:01.000 --> 00:16:04.870 align:start position:0% should be doing would you just say 3 million 00:16:04.870 --> 00:16:04.880 align:start position:0% 00:16:04.880 --> 00:16:07.629 align:start position:0% that's<00:16:05.880>that's <00:16:06.079>the <00:16:06.199>money 00:16:07.629 --> 00:16:07.639 align:start position:0% that's that's the money 00:16:07.639 --> 00:16:12.749 align:start position:0% that's that's the money maret<00:16:09.120>and <00:16:10.120>want <00:16:10.240>to <00:16:10.440>look <00:16:10.639>at <00:16:11.240>the <00:16:11.759>balance 00:16:12.749 --> 00:16:12.759 align:start position:0% maret and want to look at the balance 00:16:12.759 --> 00:16:15.230 align:start position:0% maret and want to look at the balance what<00:16:12.920>the <00:16:13.079>rates <00:16:13.440>are <00:16:14.120>how <00:16:14.399>they 00:16:15.230 --> 00:16:15.240 align:start position:0% what the rates are how they 00:16:15.240 --> 00:16:18.629 align:start position:0% what the rates are how they compare<00:16:16.240>because <00:16:16.519>they <00:16:16.839>fluctuated <00:16:17.759>over <00:16:18.440>the 00:16:18.629 --> 00:16:18.639 align:start position:0% compare because they fluctuated over the 00:16:18.639 --> 00:16:21.350 align:start position:0% compare because they fluctuated over the last<00:16:18.920>several <00:16:19.319>months <00:16:20.079>with <00:16:20.360>the <00:16:20.480>CDs <00:16:21.040>and <00:16:21.240>the 00:16:21.350 --> 00:16:21.360 align:start position:0% last several months with the CDs and the 00:16:21.360 --> 00:16:27.509 align:start position:0% last several months with the CDs and the money<00:16:21.680>market <00:16:22.800>and <00:16:23.800>a <00:16:23.880>little <00:16:24.120>B 00:16:27.509 --> 00:16:27.519 align:start position:0% 00:16:27.519 --> 00:16:29.309 align:start position:0% better 00:16:29.309 --> 00:16:29.319 align:start position:0% better 00:16:29.319 --> 00:16:34.870 align:start position:0% better so<00:16:30.319>might <00:16:30.519>want <00:16:30.680>to <00:16:30.959>consider 00:16:34.870 --> 00:16:34.880 align:start position:0% 00:16:34.880 --> 00:16:37.749 align:start position:0% that<00:16:35.880>so <00:16:36.079>your <00:16:36.319>suggesting <00:16:37.240>I'm <00:16:37.319>just <00:16:37.440>wonder 00:16:37.749 --> 00:16:37.759 align:start position:0% that so your suggesting I'm just wonder 00:16:37.759 --> 00:16:39.189 align:start position:0% that so your suggesting I'm just wonder should<00:16:37.880>we <00:16:38.040>keep <00:16:38.240>things <00:16:38.519>as <00:16:38.680>they <00:16:38.839>are <00:16:39.000>for 00:16:39.189 --> 00:16:39.199 align:start position:0% should we keep things as they are for 00:16:39.199 --> 00:16:41.990 align:start position:0% should we keep things as they are for the<00:16:39.600>next <00:16:40.600>mons <00:16:41.040>be <00:16:41.319>that <00:16:41.440>would <00:16:41.600>be <00:16:41.800>my 00:16:41.990 --> 00:16:42.000 align:start position:0% the next mons be that would be my 00:16:42.000 --> 00:16:43.949 align:start position:0% the next mons be that would be my opinion<00:16:42.600>but <00:16:42.800>that's <00:16:43.000>just <00:16:43.160>my 00:16:43.949 --> 00:16:43.959 align:start position:0% opinion but that's just my 00:16:43.959 --> 00:16:46.910 align:start position:0% opinion but that's just my opinion<00:16:44.959>I <00:16:45.120>think <00:16:45.319>so <00:16:45.959>we <00:16:46.240>we'll <00:16:46.519>have <00:16:46.800>at 00:16:46.910 --> 00:16:46.920 align:start position:0% opinion I think so we we'll have at 00:16:46.920 --> 00:16:49.550 align:start position:0% opinion I think so we we'll have at least<00:16:47.120>one <00:16:47.279>more <00:16:47.480>meeting <00:16:47.880>maybe <00:16:48.440>two <00:16:49.440>and 00:16:49.550 --> 00:16:49.560 align:start position:0% least one more meeting maybe two and 00:16:49.560 --> 00:16:53.550 align:start position:0% least one more meeting maybe two and then<00:16:49.720>she <00:16:49.920>can <00:16:50.160>update <00:16:50.720>the <00:16:51.160>uh <00:16:51.959>the <00:16:52.720>yields <00:16:53.399>on 00:16:53.550 --> 00:16:53.560 align:start position:0% then she can update the uh the yields on 00:16:53.560 --> 00:16:55.470 align:start position:0% then she can update the uh the yields on the<00:16:53.800>percentages <00:16:54.680>and <00:16:54.839>we <00:16:54.920>can <00:16:55.079>see <00:16:55.319>what 00:16:55.470 --> 00:16:55.480 align:start position:0% the percentages and we can see what 00:16:55.480 --> 00:16:58.069 align:start position:0% the percentages and we can see what we've<00:16:55.759>got <00:16:56.160>but <00:16:56.440>so <00:16:57.040>the <00:16:57.199>suggestion <00:16:57.639>is <00:16:57.839>leave 00:16:58.069 --> 00:16:58.079 align:start position:0% we've got but so the suggestion is leave 00:16:58.079 --> 00:17:00.829 align:start position:0% we've got but so the suggestion is leave things<00:16:58.279>as <00:16:58.560>they <00:16:58.680>are <00:16:58.839>for <00:16:59.040>right <00:16:59.199>now <00:16:59.399>until 00:17:00.829 --> 00:17:00.839 align:start position:0% things as they are for right now until 00:17:00.839 --> 00:17:05.990 align:start position:0% things as they are for right now until we<00:17:01.839>get <00:17:02.000>an <00:17:02.199>update <00:17:02.519>the <00:17:02.920>next <00:17:03.920>um <00:17:05.000>certainly 00:17:05.990 --> 00:17:06.000 align:start position:0% we get an update the next um certainly 00:17:06.000 --> 00:17:09.230 align:start position:0% we get an update the next um certainly before<00:17:06.799>July <00:17:07.799>yes <00:17:08.280>but <00:17:08.400>they <00:17:08.520>don't <00:17:08.799>mature 00:17:09.230 --> 00:17:09.240 align:start position:0% before July yes but they don't mature 00:17:09.240 --> 00:17:11.150 align:start position:0% before July yes but they don't mature till<00:17:09.600>July <00:17:10.439>of 00:17:11.150 --> 00:17:11.160 align:start position:0% till July of 00:17:11.160 --> 00:17:13.270 align:start position:0% till July of 24<00:17:12.160>good 00:17:13.270 --> 00:17:13.280 align:start position:0% 24 good 00:17:13.280 --> 00:17:16.669 align:start position:0% 24 good yeah<00:17:14.280>yeah <00:17:14.760>you <00:17:14.880>can <00:17:15.120>compare <00:17:15.679>those <00:17:16.039>to <00:17:16.199>see 00:17:16.669 --> 00:17:16.679 align:start position:0% yeah yeah you can compare those to see 00:17:16.679 --> 00:17:20.510 align:start position:0% yeah yeah you can compare those to see what<00:17:16.799>the <00:17:17.000>growth <00:17:17.439>is <00:17:18.039>on <00:17:19.039>the <00:17:19.160>CDs <00:17:19.679>and <00:17:20.400>the 00:17:20.510 --> 00:17:20.520 align:start position:0% what the growth is on the CDs and the 00:17:20.520 --> 00:17:22.710 align:start position:0% what the growth is on the CDs and the money<00:17:20.799>market <00:17:21.240>like <00:17:21.360>I <00:17:21.520>said <00:17:21.760>you <00:17:21.839>know <00:17:22.360>right 00:17:22.710 --> 00:17:22.720 align:start position:0% money market like I said you know right 00:17:22.720 --> 00:17:24.710 align:start position:0% money market like I said you know right now<00:17:23.720>Market 00:17:24.710 --> 00:17:24.720 align:start position:0% now Market 00:17:24.720 --> 00:17:27.390 align:start position:0% now Market is<00:17:25.720>yeah 00:17:27.390 --> 00:17:27.400 align:start position:0% is yeah 00:17:27.400 --> 00:17:29.669 align:start position:0% is yeah yeah 00:17:29.669 --> 00:17:29.679 align:start position:0% yeah 00:17:29.679 --> 00:17:33.510 align:start position:0% yeah that's<00:17:29.880>fine <00:17:30.160>any <00:17:30.440>any <00:17:30.640>other 00:17:33.510 --> 00:17:33.520 align:start position:0% 00:17:33.520 --> 00:17:37.830 align:start position:0% discussion<00:17:34.520>anything 00:17:37.830 --> 00:17:37.840 align:start position:0% 00:17:37.840 --> 00:17:40.150 align:start position:0% else<00:17:38.840>no <00:17:39.120>as <00:17:39.240>usual <00:17:39.559>she's <00:17:39.799>done <00:17:40.000>an 00:17:40.150 --> 00:17:40.160 align:start position:0% else no as usual she's done an 00:17:40.160 --> 00:17:42.830 align:start position:0% else no as usual she's done an outstanding<00:17:40.840>job <00:17:41.840>yeah <00:17:42.000>we <00:17:42.120>do <00:17:42.320>certainly 00:17:42.830 --> 00:17:42.840 align:start position:0% outstanding job yeah we do certainly 00:17:42.840 --> 00:17:45.270 align:start position:0% outstanding job yeah we do certainly thank<00:17:43.000>you <00:17:43.200>very <00:17:43.440>much <00:17:43.720>for <00:17:44.160>this 00:17:45.270 --> 00:17:45.280 align:start position:0% thank you very much for this 00:17:45.280 --> 00:17:50.110 align:start position:0% thank you very much for this report<00:17:46.280>and <00:17:46.919>uh <00:17:47.160>we <00:17:47.480>look <00:17:47.799>forward <00:17:48.280>to <00:17:49.120>uh <00:17:49.640>our 00:17:50.110 --> 00:17:50.120 align:start position:0% report and uh we look forward to uh our 00:17:50.120 --> 00:17:52.470 align:start position:0% report and uh we look forward to uh our continued<00:17:50.640>working <00:17:51.320>with <00:17:51.480>you 00:17:52.470 --> 00:17:52.480 align:start position:0% continued working with you 00:17:52.480 --> 00:17:55.070 align:start position:0% continued working with you all<00:17:53.480>uh <00:17:53.640>anything <00:17:53.919>else <00:17:54.120>from <00:17:54.280>the 00:17:55.070 --> 00:17:55.080 align:start position:0% all uh anything else from the 00:17:55.080 --> 00:17:59.270 align:start position:0% all uh anything else from the board<00:17:56.080>okay <00:17:56.400>again <00:17:56.640>thank <00:17:56.799>you <00:17:56.960>very <00:17:57.400>much 00:17:59.270 --> 00:17:59.280 align:start position:0% board okay again thank you very much 00:17:59.280 --> 00:18:01.470 align:start position:0% board okay again thank you very much thank<00:17:59.480>you <00:17:59.600>all <00:17:59.840>have <00:17:59.960>a <00:18:00.080>good <00:18:00.240>day <00:18:01.039>thank <00:18:01.200>you 00:18:01.470 --> 00:18:01.480 align:start position:0% thank you all have a good day thank you 00:18:01.480 --> 00:18:03.430 align:start position:0% thank you all have a good day thank you you 00:18:03.430 --> 00:18:03.440 align:start position:0% you 00:18:03.440 --> 00:18:05.630 align:start position:0% you too<00:18:04.440>okay <00:18:04.679>and <00:18:04.840>one <00:18:05.000>thing <00:18:05.159>I <00:18:05.240>forgot <00:18:05.520>to 00:18:05.630 --> 00:18:05.640 align:start position:0% too okay and one thing I forgot to 00:18:05.640 --> 00:18:07.830 align:start position:0% too okay and one thing I forgot to mention<00:18:05.960>if <00:18:06.080>you <00:18:06.280>would <00:18:06.600>mute <00:18:07.080>mute <00:18:07.640>your 00:18:07.830 --> 00:18:07.840 align:start position:0% mention if you would mute mute your 00:18:07.840 --> 00:18:10.470 align:start position:0% mention if you would mute mute your phones<00:18:08.440>I <00:18:08.640>meant <00:18:08.799>to <00:18:08.919>mention <00:18:09.280>that <00:18:09.520>at <00:18:09.799>the 00:18:10.470 --> 00:18:10.480 align:start position:0% phones I meant to mention that at the 00:18:10.480 --> 00:18:12.789 align:start position:0% phones I meant to mention that at the outset<00:18:11.480>uh <00:18:11.840>if <00:18:12.000>you <00:18:12.120>would <00:18:12.280>turn <00:18:12.480>off <00:18:12.640>your 00:18:12.789 --> 00:18:12.799 align:start position:0% outset uh if you would turn off your 00:18:12.799 --> 00:18:14.230 align:start position:0% outset uh if you would turn off your phones<00:18:13.000>or <00:18:13.159>mute <00:18:13.400>we <00:18:13.520>are <00:18:13.679>recording <00:18:14.120>the 00:18:14.230 --> 00:18:14.240 align:start position:0% phones or mute we are recording the 00:18:14.240 --> 00:18:16.669 align:start position:0% phones or mute we are recording the meeting<00:18:14.640>and <00:18:14.799>that <00:18:15.159>does 00:18:16.669 --> 00:18:16.679 align:start position:0% meeting and that does 00:18:16.679 --> 00:18:19.510 align:start position:0% meeting and that does uh<00:18:17.679>the <00:18:17.840>recording <00:18:18.240>does <00:18:18.520>pick <00:18:18.720>that <00:18:18.919>up <00:18:19.159>so 00:18:19.510 --> 00:18:19.520 align:start position:0% uh the recording does pick that up so 00:18:19.520 --> 00:18:22.029 align:start position:0% uh the recording does pick that up so those<00:18:19.679>of <00:18:19.799>you <00:18:19.919>who <00:18:20.000>are <00:18:20.200>present <00:18:20.559>or <00:18:20.919>online <00:18:21.919>I 00:18:22.029 --> 00:18:22.039 align:start position:0% those of you who are present or online I 00:18:22.039 --> 00:18:23.190 align:start position:0% those of you who are present or online I know<00:18:22.159>it's <00:18:22.360>kind <00:18:22.440>of <00:18:22.520>hard <00:18:22.679>to <00:18:22.760>do <00:18:22.919>if <00:18:23.039>you're 00:18:23.190 --> 00:18:23.200 align:start position:0% know it's kind of hard to do if you're 00:18:23.200 --> 00:18:25.789 align:start position:0% know it's kind of hard to do if you're speaking<00:18:23.760>but <00:18:23.960>anyway <00:18:24.320>if <00:18:24.400>you <00:18:24.600>would <00:18:25.600>okay 00:18:25.789 --> 00:18:25.799 align:start position:0% speaking but anyway if you would okay 00:18:25.799 --> 00:18:28.630 align:start position:0% speaking but anyway if you would okay we'll<00:18:26.039>move <00:18:26.360>into <00:18:26.880>the <00:18:27.159>main <00:18:27.480>items <00:18:28.039>then <00:18:28.520>uh 00:18:28.630 --> 00:18:28.640 align:start position:0% we'll move into the main items then uh 00:18:28.640 --> 00:18:31.470 align:start position:0% we'll move into the main items then uh we<00:18:28.799>have <00:18:28.960>a <00:18:29.120>petition <00:18:29.600>from <00:18:30.200>keyrock <00:18:30.720>energy 00:18:31.470 --> 00:18:31.480 align:start position:0% we have a petition from keyrock energy 00:18:31.480 --> 00:18:35.270 align:start position:0% we have a petition from keyrock energy LLC<00:18:32.480>for <00:18:32.799>creation <00:18:33.240>of <00:18:33.400>a <00:18:33.559>sealed <00:18:34.280>do <00:18:34.799>drilling 00:18:35.270 --> 00:18:35.280 align:start position:0% LLC for creation of a sealed do drilling 00:18:35.280 --> 00:18:40.149 align:start position:0% LLC for creation of a sealed do drilling unit<00:18:36.120>and <00:18:36.799>pooling <00:18:37.799>uh <00:18:38.120>unit <00:18:39.000>uh <00:18:39.559>and <00:18:39.799>pooling 00:18:40.149 --> 00:18:40.159 align:start position:0% unit and pooling uh unit uh and pooling 00:18:40.159 --> 00:18:42.909 align:start position:0% unit and pooling uh unit uh and pooling the<00:18:40.280>unit <00:18:40.559>is <00:18:40.760>honey <00:18:41.120>Camp <00:18:41.400>number <00:18:41.720>one <00:18:42.480>docket 00:18:42.909 --> 00:18:42.919 align:start position:0% the unit is honey Camp number one docket 00:18:42.919 --> 00:18:45.470 align:start position:0% the unit is honey Camp number one docket number<00:18:43.200>is <00:18:43.400>BG <00:18:43.840>o 00:18:45.470 --> 00:18:45.480 align:start position:0% number is BG o 00:18:45.480 --> 00:18:49.149 align:start position:0% number is BG o 23121<00:18:46.799>9- 00:18:49.149 --> 00:18:49.159 align:start position:0% 23121 9- 00:18:49.159 --> 00:18:51.669 align:start position:0% 23121 9- 4279<00:18:50.159>we'd <00:18:50.400>ask <00:18:50.600>all <00:18:50.799>parties <00:18:51.120>who <00:18:51.280>wish <00:18:51.480>to 00:18:51.669 --> 00:18:51.679 align:start position:0% 4279 we'd ask all parties who wish to 00:18:51.679 --> 00:18:54.270 align:start position:0% 4279 we'd ask all parties who wish to speak<00:18:51.960>to <00:18:52.200>this <00:18:52.480>unit <00:18:53.280>or <00:18:53.559>speak <00:18:53.840>to <00:18:54.080>this 00:18:54.270 --> 00:18:54.280 align:start position:0% speak to this unit or speak to this 00:18:54.280 --> 00:18:57.710 align:start position:0% speak to this unit or speak to this petition<00:18:55.159>to <00:18:55.600>please <00:18:56.320>uh <00:18:56.440>come <00:18:56.640>forward <00:18:57.559>yes 00:18:57.710 --> 00:18:57.720 align:start position:0% petition to please uh come forward yes 00:18:57.720 --> 00:18:59.990 align:start position:0% petition to please uh come forward yes sir<00:18:57.919>Freddy <00:18:58.760>appearing <00:18:59.039>on <00:18:59.200>behalf <00:18:59.520>of <00:18:59.720>Ky 00:18:59.990 --> 00:19:00.000 align:start position:0% sir Freddy appearing on behalf of Ky 00:19:00.000 --> 00:19:03.350 align:start position:0% sir Freddy appearing on behalf of Ky Rock<00:19:00.240>Energy <00:19:00.840>and <00:19:00.960>I <00:19:01.120>also <00:19:01.480>have <00:19:01.880>Morgan <00:19:02.360>Pate 00:19:03.350 --> 00:19:03.360 align:start position:0% Rock Energy and I also have Morgan Pate 00:19:03.360 --> 00:19:07.190 align:start position:0% Rock Energy and I also have Morgan Pate from<00:19:03.640>KY <00:19:03.960>Rock <00:19:04.240>appearing <00:19:04.640>with <00:19:04.840>me <00:19:05.760>okay <00:19:06.760>F 00:19:07.190 --> 00:19:07.200 align:start position:0% from KY Rock appearing with me okay F 00:19:07.200 --> 00:19:08.549 align:start position:0% from KY Rock appearing with me okay F anyone 00:19:08.549 --> 00:19:08.559 align:start position:0% anyone 00:19:08.559 --> 00:19:11.070 align:start position:0% anyone else<00:19:09.559>okay <00:19:09.799>there <00:19:09.919>appear <00:19:10.240>to <00:19:10.360>be <00:19:10.520>no <00:19:10.720>others 00:19:11.070 --> 00:19:11.080 align:start position:0% else okay there appear to be no others 00:19:11.080 --> 00:19:13.190 align:start position:0% else okay there appear to be no others so<00:19:11.320>you <00:19:11.440>may <00:19:11.840>go <00:19:11.960>ahead <00:19:12.159>and 00:19:13.190 --> 00:19:13.200 align:start position:0% so you may go ahead and 00:19:13.200 --> 00:19:15.549 align:start position:0% so you may go ahead and proceed<00:19:14.200>Mr <00:19:14.480>P <00:19:14.640>can <00:19:14.760>you <00:19:14.840>please <00:19:15.120>think <00:19:15.360>your 00:19:15.549 --> 00:19:15.559 align:start position:0% proceed Mr P can you please think your 00:19:15.559 --> 00:19:19.549 align:start position:0% proceed Mr P can you please think your name<00:19:16.360>uh <00:19:16.840>for <00:19:17.200>the <00:19:17.520>board <00:19:17.919>please <00:19:18.440>Morgan <00:19:19.360>you 00:19:19.549 --> 00:19:19.559 align:start position:0% name uh for the board please Morgan you 00:19:19.559 --> 00:19:22.350 align:start position:0% name uh for the board please Morgan you need<00:19:19.840>he <00:19:19.919>needs <00:19:20.120>to <00:19:20.200>be <00:19:20.320>sworn <00:19:20.640>in <00:19:20.919>okay <00:19:21.080>I'm <00:19:22.000>Mr 00:19:22.350 --> 00:19:22.360 align:start position:0% need he needs to be sworn in okay I'm Mr 00:19:22.360 --> 00:19:24.110 align:start position:0% need he needs to be sworn in okay I'm Mr P<00:19:22.720>P <00:19:22.960>you <00:19:23.080>swear <00:19:23.320>and <00:19:23.480>affirm <00:19:23.799>that <00:19:23.960>your 00:19:24.110 --> 00:19:24.120 align:start position:0% P P you swear and affirm that your 00:19:24.120 --> 00:19:25.870 align:start position:0% P P you swear and affirm that your testimony<00:19:24.600>is <00:19:24.760>the <00:19:24.960>truth <00:19:25.280>the <00:19:25.360>whole <00:19:25.640>truth 00:19:25.870 --> 00:19:25.880 align:start position:0% testimony is the truth the whole truth 00:19:25.880 --> 00:19:29.470 align:start position:0% testimony is the truth the whole truth and<00:19:26.080>nothing <00:19:26.440>but <00:19:26.640>the <00:19:26.799>truth <00:19:27.440>yes <00:19:27.640>ma'am 00:19:29.470 --> 00:19:29.480 align:start position:0% and nothing but the truth yes ma'am 00:19:29.480 --> 00:19:32.029 align:start position:0% and nothing but the truth yes ma'am yes<00:19:29.679>you <00:19:29.799>can <00:19:30.120>proceed <00:19:31.120>Mr <00:19:31.400>P <00:19:31.640>can <00:19:31.720>you <00:19:31.840>please 00:19:32.029 --> 00:19:32.039 align:start position:0% yes you can proceed Mr P can you please 00:19:32.039 --> 00:19:33.669 align:start position:0% yes you can proceed Mr P can you please state<00:19:32.280>your <00:19:32.440>name <00:19:32.600>for <00:19:32.760>the <00:19:32.840>board <00:19:33.159>please 00:19:33.669 --> 00:19:33.679 align:start position:0% state your name for the board please 00:19:33.679 --> 00:19:36.430 align:start position:0% state your name for the board please Morgan<00:19:34.159>p <00:19:34.960>and <00:19:35.120>how <00:19:35.280>are <00:19:35.400>you <00:19:35.559>employed <00:19:36.200>I'm 00:19:36.430 --> 00:19:36.440 align:start position:0% Morgan p and how are you employed I'm 00:19:36.440 --> 00:19:39.510 align:start position:0% Morgan p and how are you employed I'm geologist<00:19:36.960>for <00:19:37.120>kyrock <00:19:37.679>energy <00:19:38.679>all <00:19:38.880>right 00:19:39.510 --> 00:19:39.520 align:start position:0% geologist for kyrock energy all right 00:19:39.520 --> 00:19:42.029 align:start position:0% geologist for kyrock energy all right and<00:19:39.840>is <00:19:40.039>kyrock <00:19:40.520>energy <00:19:40.880>LLC <00:19:41.440>authorized <00:19:41.919>to 00:19:42.029 --> 00:19:42.039 align:start position:0% and is kyrock energy LLC authorized to 00:19:42.039 --> 00:19:43.549 align:start position:0% and is kyrock energy LLC authorized to conduct<00:19:42.400>business <00:19:42.679>in <00:19:42.840>the <00:19:42.960>Commonwealth <00:19:43.440>at 00:19:43.549 --> 00:19:43.559 align:start position:0% conduct business in the Commonwealth at 00:19:43.559 --> 00:19:46.430 align:start position:0% conduct business in the Commonwealth at Virginia<00:19:44.520>yes <00:19:45.080>and <00:19:45.200>there's <00:19:45.480>Bond <00:19:45.760>on <00:19:46.039>file 00:19:46.430 --> 00:19:46.440 align:start position:0% Virginia yes and there's Bond on file 00:19:46.440 --> 00:19:49.190 align:start position:0% Virginia yes and there's Bond on file with<00:19:46.600>this <00:19:46.840>department <00:19:47.280>is <00:19:47.480>that <00:19:47.720>correct <00:19:48.480>yes 00:19:49.190 --> 00:19:49.200 align:start position:0% with this department is that correct yes 00:19:49.200 --> 00:19:50.590 align:start position:0% with this department is that correct yes and<00:19:49.320>you're <00:19:49.520>familiar <00:19:49.880>with <00:19:50.000>the <00:19:50.159>application 00:19:50.590 --> 00:19:50.600 align:start position:0% and you're familiar with the application 00:19:50.600 --> 00:19:53.190 align:start position:0% and you're familiar with the application for<00:19:50.760>honey <00:19:51.080>Camp <00:19:51.320>number <00:19:51.559>one <00:19:52.200>yes <00:19:52.440>sir <00:19:53.039>and 00:19:53.190 --> 00:19:53.200 align:start position:0% for honey Camp number one yes sir and 00:19:53.200 --> 00:19:55.270 align:start position:0% for honey Camp number one yes sir and this<00:19:53.280>is <00:19:53.440>for <00:19:53.600>a <00:19:53.760>CED <00:19:54.200>methane <00:19:54.600>well <00:19:54.919>is <00:19:55.080>that 00:19:55.270 --> 00:19:55.280 align:start position:0% this is for a CED methane well is that 00:19:55.280 --> 00:19:57.830 align:start position:0% this is for a CED methane well is that correct<00:19:56.000>yes <00:19:56.640>and <00:19:56.760>this <00:19:56.919>unit <00:19:57.200>is <00:19:57.360>located <00:19:57.760>in 00:19:57.830 --> 00:19:57.840 align:start position:0% correct yes and this unit is located in 00:19:57.840 --> 00:20:00.830 align:start position:0% correct yes and this unit is located in the<00:19:57.919>North <00:19:58.240>a <00:19:58.320>CO <00:19:58.520>bed <00:19:58.760>gas <00:19:59.000>field <00:19:59.600>yes <00:20:00.480>and <00:20:00.720>how 00:20:00.830 --> 00:20:00.840 align:start position:0% the North a CO bed gas field yes and how 00:20:00.840 --> 00:20:03.590 align:start position:0% the North a CO bed gas field yes and how many<00:20:01.080>acres <00:20:01.480>does <00:20:01.640>it <00:20:01.880>contain 00:20:03.590 --> 00:20:03.600 align:start position:0% many acres does it contain 00:20:03.600 --> 00:20:06.870 align:start position:0% many acres does it contain 794<00:20:04.919>approximately <00:20:05.919>and <00:20:06.080>can <00:20:06.240>you <00:20:06.400>explain <00:20:06.720>to 00:20:06.870 --> 00:20:06.880 align:start position:0% 794 approximately and can you explain to 00:20:06.880 --> 00:20:09.149 align:start position:0% 794 approximately and can you explain to the<00:20:07.000>board <00:20:07.559>what <00:20:07.720>kyck <00:20:08.159>plans <00:20:08.440>to <00:20:08.600>do <00:20:08.760>if <00:20:08.919>this 00:20:09.149 --> 00:20:09.159 align:start position:0% the board what kyck plans to do if this 00:20:09.159 --> 00:20:12.310 align:start position:0% the board what kyck plans to do if this application<00:20:09.679>is <00:20:10.200>granted <00:20:11.200>uh <00:20:11.640>we <00:20:11.760>will <00:20:12.000>drill 00:20:12.310 --> 00:20:12.320 align:start position:0% application is granted uh we will drill 00:20:12.320 --> 00:20:14.909 align:start position:0% application is granted uh we will drill into<00:20:12.640>the <00:20:13.080>abandoned <00:20:13.520>s <00:20:13.880>Gob <00:20:14.080>area <00:20:14.480>of <00:20:14.679>deep 00:20:14.909 --> 00:20:14.919 align:start position:0% into the abandoned s Gob area of deep 00:20:14.919 --> 00:20:18.630 align:start position:0% into the abandoned s Gob area of deep mine<00:20:15.200>26 <00:20:16.080>at <00:20:16.240>the <00:20:16.320>honey <00:20:16.640>Camp <00:20:16.880>location <00:20:17.640>for 00:20:18.630 --> 00:20:18.640 align:start position:0% mine 26 at the honey Camp location for 00:20:18.640 --> 00:20:22.149 align:start position:0% mine 26 at the honey Camp location for uh<00:20:18.840>gas <00:20:19.520>and <00:20:20.120>flare <00:20:20.559>that <00:20:20.799>for <00:20:21.200>environmental 00:20:22.149 --> 00:20:22.159 align:start position:0% uh gas and flare that for environmental 00:20:22.159 --> 00:20:24.110 align:start position:0% uh gas and flare that for environmental credits<00:20:23.159>and <00:20:23.280>so <00:20:23.400>you'll <00:20:23.600>be <00:20:23.720>drilling 00:20:24.110 --> 00:20:24.120 align:start position:0% credits and so you'll be drilling 00:20:24.120 --> 00:20:26.310 align:start position:0% credits and so you'll be drilling directly<00:20:24.400>into <00:20:24.640>the <00:20:24.760>seam <00:20:25.120>is <00:20:25.280>that <00:20:25.480>correct 00:20:26.310 --> 00:20:26.320 align:start position:0% directly into the seam is that correct 00:20:26.320 --> 00:20:28.510 align:start position:0% directly into the seam is that correct uh<00:20:26.520>yes <00:20:26.679>the <00:20:26.760>mind <00:20:27.000>out <00:20:27.200>seam <00:20:27.679>and <00:20:27.840>what <00:20:28.240>theme 00:20:28.510 --> 00:20:28.520 align:start position:0% uh yes the mind out seam and what theme 00:20:28.520 --> 00:20:31.909 align:start position:0% uh yes the mind out seam and what theme is<00:20:28.760>that <00:20:29.200>the <00:20:29.320>lower <00:20:30.039>Banner <00:20:31.039>all <00:20:31.280>right <00:20:31.720>and 00:20:31.909 --> 00:20:31.919 align:start position:0% is that the lower Banner all right and 00:20:31.919 --> 00:20:33.669 align:start position:0% is that the lower Banner all right and have<00:20:32.039>you <00:20:32.200>obtained <00:20:32.640>leases <00:20:33.000>for <00:20:33.200>a <00:20:33.360>portion 00:20:33.669 --> 00:20:33.679 align:start position:0% have you obtained leases for a portion 00:20:33.679 --> 00:20:38.549 align:start position:0% have you obtained leases for a portion of<00:20:33.919>this <00:20:34.120>unit <00:20:34.919>yes <00:20:35.919>and <00:20:36.760>are <00:20:37.039>those <00:20:37.679>leases 00:20:38.549 --> 00:20:38.559 align:start position:0% of this unit yes and are those leases 00:20:38.559 --> 00:20:41.750 align:start position:0% of this unit yes and are those leases from<00:20:38.760>the <00:20:38.919>intervest <00:20:39.679>entities <00:20:40.600>yes <00:20:40.760>sir <00:20:41.480>and 00:20:41.750 --> 00:20:41.760 align:start position:0% from the intervest entities yes sir and 00:20:41.760 --> 00:20:47.549 align:start position:0% from the intervest entities yes sir and how<00:20:41.880>is <00:20:42.039>intervest <00:20:42.640>informed <00:20:43.360>of <00:20:43.520>this 00:20:47.549 --> 00:20:47.559 align:start position:0% 00:20:47.559 --> 00:20:50.510 align:start position:0% proing<00:20:48.559>uh <00:20:48.679>certified <00:20:49.200>mael <00:20:49.720>return <00:20:49.960>receipt 00:20:50.510 --> 00:20:50.520 align:start position:0% proing uh certified mael return receipt 00:20:50.520 --> 00:20:52.669 align:start position:0% proing uh certified mael return receipt requested<00:20:51.520>and <00:20:51.840>best <00:20:52.080>your <00:20:52.240>knowledge <00:20:52.520>has 00:20:52.669 --> 00:20:52.679 align:start position:0% requested and best your knowledge has 00:20:52.679 --> 00:20:54.149 align:start position:0% requested and best your knowledge has the<00:20:52.799>notice <00:20:53.200>with <00:20:53.360>that <00:20:53.559>Associated 00:20:54.149 --> 00:20:54.159 align:start position:0% the notice with that Associated 00:20:54.159 --> 00:20:56.350 align:start position:0% the notice with that Associated documentation<00:20:54.720>been <00:20:54.919>filed <00:20:55.280>with <00:20:55.440>this <00:20:55.600>board 00:20:56.350 --> 00:20:56.360 align:start position:0% documentation been filed with this board 00:20:56.360 --> 00:20:59.430 align:start position:0% documentation been filed with this board yes<00:20:57.320>and <00:20:57.600>as <00:20:57.720>a <00:20:57.840>result <00:20:58.320>of <00:20:58.480>those <00:20:58.640>leases <00:20:59.159>what 00:20:59.430 --> 00:20:59.440 align:start position:0% yes and as a result of those leases what 00:20:59.440 --> 00:21:01.789 align:start position:0% yes and as a result of those leases what percentage<00:21:00.440>uh <00:21:00.640>does <00:21:00.919>KY <00:21:01.200>Rock <00:21:01.400>currently 00:21:01.789 --> 00:21:01.799 align:start position:0% percentage uh does KY Rock currently 00:21:01.799 --> 00:21:03.789 align:start position:0% percentage uh does KY Rock currently have<00:21:01.960>under <00:21:02.280>lease 00:21:03.789 --> 00:21:03.799 align:start position:0% have under lease 00:21:03.799 --> 00:21:06.950 align:start position:0% have under lease 55.4<00:21:04.799>and <00:21:04.880>so <00:21:05.159>that <00:21:05.240>would <00:21:05.400>mean <00:21:05.640>that <00:21:05.799>there's 00:21:06.950 --> 00:21:06.960 align:start position:0% 55.4 and so that would mean that there's 00:21:06.960 --> 00:21:10.549 align:start position:0% 55.4 and so that would mean that there's 4446<00:21:07.960>uh% <00:21:08.480>left <00:21:08.799>Unleased <00:21:09.400>is <00:21:09.559>that <00:21:09.760>correct 00:21:10.549 --> 00:21:10.559 align:start position:0% 4446 uh% left Unleased is that correct 00:21:10.559 --> 00:21:12.510 align:start position:0% 4446 uh% left Unleased is that correct yes<00:21:11.159>do <00:21:11.279>you <00:21:11.400>know <00:21:11.640>what <00:21:11.840>percentage <00:21:12.200>of <00:21:12.360>those 00:21:12.510 --> 00:21:12.520 align:start position:0% yes do you know what percentage of those 00:21:12.520 --> 00:21:15.110 align:start position:0% yes do you know what percentage of those owners<00:21:12.799>are <00:21:13.000>unknown 00:21:15.110 --> 00:21:15.120 align:start position:0% owners are unknown 00:21:15.120 --> 00:21:17.630 align:start position:0% owners are unknown 2.39%<00:21:16.120>and <00:21:16.400>how <00:21:16.559>were <00:21:16.799>these <00:21:17.039>unknown 00:21:17.630 --> 00:21:17.640 align:start position:0% 2.39% and how were these unknown 00:21:17.640 --> 00:21:21.269 align:start position:0% 2.39% and how were these unknown Unleased<00:21:18.159>owners <00:21:18.600>informed <00:21:19.240>ofing <00:21:20.240>notice <00:21:21.039>by 00:21:21.269 --> 00:21:21.279 align:start position:0% Unleased owners informed ofing notice by 00:21:21.279 --> 00:21:24.110 align:start position:0% Unleased owners informed ofing notice by publication<00:21:21.760>in <00:21:21.919>the <00:21:22.240>Theon <00:21:22.840>star <00:21:23.720>and <00:21:23.919>any 00:21:24.110 --> 00:21:24.120 align:start position:0% publication in the Theon star and any 00:21:24.120 --> 00:21:26.110 align:start position:0% publication in the Theon star and any other<00:21:24.360>Unleased <00:21:24.840>owners <00:21:25.159>they <00:21:25.279>were <00:21:25.440>also 00:21:26.110 --> 00:21:26.120 align:start position:0% other Unleased owners they were also 00:21:26.120 --> 00:21:29.190 align:start position:0% other Unleased owners they were also provided<00:21:26.480>notice <00:21:26.799>by <00:21:26.919>order <00:21:27.120>of <00:21:27.320>publication 00:21:29.190 --> 00:21:29.200 align:start position:0% provided notice by order of publication 00:21:29.200 --> 00:21:31.590 align:start position:0% provided notice by order of publication yes<00:21:30.200>what <00:21:30.440>percentage <00:21:30.840>of <00:21:30.960>the <00:21:31.080>unit <00:21:31.360>are <00:21:31.480>you 00:21:31.590 --> 00:21:31.600 align:start position:0% yes what percentage of the unit are you 00:21:31.600 --> 00:21:35.430 align:start position:0% yes what percentage of the unit are you seeking<00:21:31.960>to <00:21:32.120>pull <00:21:32.520>today <00:21:34.000>100% <00:21:35.000>And <00:21:35.120>are <00:21:35.279>you 00:21:35.430 --> 00:21:35.440 align:start position:0% seeking to pull today 100% And are you 00:21:35.440 --> 00:21:36.789 align:start position:0% seeking to pull today 100% And are you requesting<00:21:35.880>that <00:21:36.080>the <00:21:36.200>board <00:21:36.480>pull <00:21:36.720>the 00:21:36.789 --> 00:21:36.799 align:start position:0% requesting that the board pull the 00:21:36.799 --> 00:21:38.510 align:start position:0% requesting that the board pull the interest<00:21:37.120>of <00:21:37.279>all <00:21:37.440>the <00:21:37.559>parties <00:21:37.919>listed <00:21:38.279>on 00:21:38.510 --> 00:21:38.520 align:start position:0% interest of all the parties listed on 00:21:38.520 --> 00:21:42.149 align:start position:0% interest of all the parties listed on exhibit<00:21:38.919>B <00:21:39.159>of <00:21:39.360>this <00:21:39.679>application <00:21:41.000>yes <00:21:42.000>and 00:21:42.149 --> 00:21:42.159 align:start position:0% exhibit B of this application yes and 00:21:42.159 --> 00:21:43.950 align:start position:0% exhibit B of this application yes and are<00:21:42.320>you <00:21:42.559>requesting <00:21:42.960>the <00:21:43.080>board <00:21:43.360>establish <00:21:43.760>a 00:21:43.950 --> 00:21:43.960 align:start position:0% are you requesting the board establish a 00:21:43.960 --> 00:21:46.029 align:start position:0% are you requesting the board establish a procedure<00:21:44.559>all <00:21:44.720>parties <00:21:45.080>listed <00:21:45.360>on <00:21:45.600>exhibit 00:21:46.029 --> 00:21:46.039 align:start position:0% procedure all parties listed on exhibit 00:21:46.039 --> 00:21:48.230 align:start position:0% procedure all parties listed on exhibit B3<00:21:46.799>have <00:21:46.960>the <00:21:47.159>right <00:21:47.360>to <00:21:47.559>one <00:21:47.679>of <00:21:47.840>the <00:21:47.960>three 00:21:48.230 --> 00:21:48.240 align:start position:0% B3 have the right to one of the three 00:21:48.240 --> 00:21:51.909 align:start position:0% B3 have the right to one of the three options<00:21:48.679>listed <00:21:49.039>on <00:21:49.240>the <00:21:49.679>application <00:21:50.919>yes 00:21:51.909 --> 00:21:51.919 align:start position:0% options listed on the application yes 00:21:51.919 --> 00:21:53.390 align:start position:0% options listed on the application yes and<00:21:52.159>what <00:21:52.279>lease <00:21:52.559>terms <00:21:52.880>would <00:21:53.039>you <00:21:53.159>be 00:21:53.390 --> 00:21:53.400 align:start position:0% and what lease terms would you be 00:21:53.400 --> 00:21:56.149 align:start position:0% and what lease terms would you be offering<00:21:54.159>uh <00:21:54.360>these <00:21:54.720>Unleased <00:21:55.240>owners <00:21:55.880>those 00:21:56.149 --> 00:21:56.159 align:start position:0% offering uh these Unleased owners those 00:21:56.159 --> 00:21:58.710 align:start position:0% offering uh these Unleased owners those identical<00:21:56.679>to <00:21:56.880>the <00:21:57.000>lease <00:21:57.279>terms <00:21:57.880>uh <00:21:58.480>we 00:21:58.710 --> 00:21:58.720 align:start position:0% identical to the lease terms uh we 00:21:58.720 --> 00:22:00.990 align:start position:0% identical to the lease terms uh we secured<00:21:59.080>within <00:21:59.320>our <00:21:59.520>vest <00:22:00.240>and <00:22:00.520>and <00:22:00.679>what <00:22:00.840>is 00:22:00.990 --> 00:22:01.000 align:start position:0% secured within our vest and and what is 00:22:01.000 --> 00:22:04.070 align:start position:0% secured within our vest and and what is that<00:22:01.159>is <00:22:01.279>that <00:22:01.440>12 <00:22:01.640>and <00:22:01.720>a <00:22:01.799>half% <00:22:02.520>royalty 00:22:04.070 --> 00:22:04.080 align:start position:0% that is that 12 and a half% royalty 00:22:04.080 --> 00:22:07.070 align:start position:0% that is that 12 and a half% royalty yes<00:22:05.080>and <00:22:05.279>what <00:22:05.440>is <00:22:05.760>the <00:22:06.159>proposed <00:22:06.600>depth <00:22:06.919>of 00:22:07.070 --> 00:22:07.080 align:start position:0% yes and what is the proposed depth of 00:22:07.080 --> 00:22:10.269 align:start position:0% yes and what is the proposed depth of this<00:22:07.279>well <00:22:08.000>about <00:22:08.279>530 <00:22:09.080>ft <00:22:09.720>and <00:22:09.880>can <00:22:10.000>you <00:22:10.120>give 00:22:10.269 --> 00:22:10.279 align:start position:0% this well about 530 ft and can you give 00:22:10.279 --> 00:22:12.510 align:start position:0% this well about 530 ft and can you give the<00:22:10.400>board <00:22:10.600>an <00:22:10.760>idea <00:22:11.039>of <00:22:11.159>the <00:22:11.320>estimated 00:22:12.510 --> 00:22:12.520 align:start position:0% the board an idea of the estimated 00:22:12.520 --> 00:22:17.110 align:start position:0% the board an idea of the estimated reserves<00:22:13.520>about <00:22:13.760>350 <00:22:14.679>mmcf <00:22:15.600>over <00:22:15.919>10 <00:22:16.200>years 00:22:17.110 --> 00:22:17.120 align:start position:0% reserves about 350 mmcf over 10 years 00:22:17.120 --> 00:22:18.590 align:start position:0% reserves about 350 mmcf over 10 years and<00:22:17.240>you're <00:22:17.440>familiar <00:22:17.880>with <00:22:18.000>the <00:22:18.120>projected 00:22:18.590 --> 00:22:18.600 align:start position:0% and you're familiar with the projected 00:22:18.600 --> 00:22:21.830 align:start position:0% and you're familiar with the projected well<00:22:18.960>cost <00:22:19.240>in <00:22:19.400>this <00:22:19.640>petition <00:22:20.120>as <00:22:20.320>well <00:22:21.000>yes 00:22:21.830 --> 00:22:21.840 align:start position:0% well cost in this petition as well yes 00:22:21.840 --> 00:22:23.110 align:start position:0% well cost in this petition as well yes and<00:22:22.000>did <00:22:22.159>you <00:22:22.320>participate <00:22:22.840>in <00:22:22.960>the 00:22:23.110 --> 00:22:23.120 align:start position:0% and did you participate in the 00:22:23.120 --> 00:22:25.029 align:start position:0% and did you participate in the preparation<00:22:23.559>of <00:22:23.679>the <00:22:23.799>AF <00:22:24.240>file <00:22:24.600>with <00:22:24.720>this 00:22:25.029 --> 00:22:25.039 align:start position:0% preparation of the AF file with this 00:22:25.039 --> 00:22:27.470 align:start position:0% preparation of the AF file with this application<00:22:26.039>yes <00:22:26.840>and <00:22:27.039>what <00:22:27.159>is <00:22:27.320>the 00:22:27.470 --> 00:22:27.480 align:start position:0% application yes and what is the 00:22:27.480 --> 00:22:31.510 align:start position:0% application yes and what is the estimated<00:22:28.120>dry <00:22:28.360>hole <00:22:28.720>cost <00:22:29.559>approximately 00:22:31.510 --> 00:22:31.520 align:start position:0% estimated dry hole cost approximately 00:22:31.520 --> 00:22:33.789 align:start position:0% estimated dry hole cost approximately $180,000<00:22:32.520>and <00:22:32.640>are <00:22:32.760>you <00:22:32.960>asking <00:22:33.240>the <00:22:33.360>board <00:22:33.640>to 00:22:33.789 --> 00:22:33.799 align:start position:0% $180,000 and are you asking the board to 00:22:33.799 --> 00:22:35.909 align:start position:0% $180,000 and are you asking the board to create<00:22:34.039>a <00:22:34.120>sealed <00:22:34.559>Gob <00:22:34.840>drilling <00:22:35.240>unit <00:22:35.640>and 00:22:35.909 --> 00:22:35.919 align:start position:0% create a sealed Gob drilling unit and 00:22:35.919 --> 00:22:40.789 align:start position:0% create a sealed Gob drilling unit and and<00:22:36.080>to <00:22:36.200>pull <00:22:36.520>that <00:22:36.679>unit 00:22:40.789 --> 00:22:40.799 align:start position:0% 00:22:40.799 --> 00:22:43.190 align:start position:0% yes<00:22:41.799>and <00:22:41.919>a <00:22:42.080>portion <00:22:42.360>of <00:22:42.480>that <00:22:42.640>pooling <00:22:43.039>would 00:22:43.190 --> 00:22:43.200 align:start position:0% yes and a portion of that pooling would 00:22:43.200 --> 00:22:44.510 align:start position:0% yes and a portion of that pooling would be<00:22:43.440>voluntary <00:22:44.000>those <00:22:44.159>would <00:22:44.320>be <00:22:44.440>the 00:22:44.510 --> 00:22:44.520 align:start position:0% be voluntary those would be the 00:22:44.520 --> 00:22:47.549 align:start position:0% be voluntary those would be the intervest<00:22:45.080>leases <00:22:45.960>yes <00:22:46.960>and <00:22:47.120>a <00:22:47.279>portion 00:22:47.549 --> 00:22:47.559 align:start position:0% intervest leases yes and a portion 00:22:47.559 --> 00:22:51.590 align:start position:0% intervest leases yes and a portion involuntary 00:22:51.590 --> 00:22:51.600 align:start position:0% 00:22:51.600 --> 00:22:54.149 align:start position:0% correct<00:22:52.600>and <00:22:52.760>are <00:22:52.919>you <00:22:53.159>asking <00:22:53.520>the <00:22:53.679>board <00:22:53.960>to 00:22:54.149 --> 00:22:54.159 align:start position:0% correct and are you asking the board to 00:22:54.159 --> 00:22:56.909 align:start position:0% correct and are you asking the board to name<00:22:54.679>kyrock <00:22:55.200>energy <00:22:55.880>as <00:22:56.000>the <00:22:56.240>operator <00:22:56.679>for 00:22:56.909 --> 00:22:56.919 align:start position:0% name kyrock energy as the operator for 00:22:56.919 --> 00:23:00.870 align:start position:0% name kyrock energy as the operator for this<00:22:57.120>unit <00:22:58.400>yes <00:22:59.400>and <00:22:59.679>in <00:22:59.799>your <00:23:00.039>opinion <00:23:00.600>if <00:23:00.760>the 00:23:00.870 --> 00:23:00.880 align:start position:0% this unit yes and in your opinion if the 00:23:00.880 --> 00:23:02.510 align:start position:0% this unit yes and in your opinion if the board<00:23:01.080>were <00:23:01.279>to <00:23:01.440>Grant <00:23:01.720>the <00:23:01.960>application 00:23:02.510 --> 00:23:02.520 align:start position:0% board were to Grant the application 00:23:02.520 --> 00:23:04.430 align:start position:0% board were to Grant the application today<00:23:02.919>would <00:23:03.080>it <00:23:03.279>prevent <00:23:03.640>waste <00:23:04.039>promote 00:23:04.430 --> 00:23:04.440 align:start position:0% today would it prevent waste promote 00:23:04.440 --> 00:23:07.190 align:start position:0% today would it prevent waste promote conservation<00:23:05.159>and <00:23:05.360>protect <00:23:05.679>corative <00:23:06.320>rights 00:23:07.190 --> 00:23:07.200 align:start position:0% conservation and protect corative rights 00:23:07.200 --> 00:23:09.510 align:start position:0% conservation and protect corative rights yes<00:23:08.200>that'd <00:23:08.440>be <00:23:08.559>all <00:23:08.679>the <00:23:08.799>questions <00:23:09.120>that <00:23:09.279>I'd 00:23:09.510 --> 00:23:09.520 align:start position:0% yes that'd be all the questions that I'd 00:23:09.520 --> 00:23:14.149 align:start position:0% yes that'd be all the questions that I'd have<00:23:09.799>Mr <00:23:10.440>chair <00:23:11.440>thank <00:23:11.559>you <00:23:12.600>um <00:23:13.600>any <00:23:13.840>questions 00:23:14.149 --> 00:23:14.159 align:start position:0% have Mr chair thank you um any questions 00:23:14.159 --> 00:23:19.789 align:start position:0% have Mr chair thank you um any questions from<00:23:14.360>the 00:23:19.789 --> 00:23:19.799 align:start position:0% 00:23:19.799 --> 00:23:23.149 align:start position:0% board<00:23:20.799>so <00:23:21.159>if <00:23:21.279>I'm <00:23:21.440>clear <00:23:21.679>on <00:23:21.840>this <00:23:22.159>you <00:23:22.440>have <00:23:22.760>a 00:23:23.149 --> 00:23:23.159 align:start position:0% board so if I'm clear on this you have a 00:23:23.159 --> 00:23:26.029 align:start position:0% board so if I'm clear on this you have a um<00:23:23.480>lease <00:23:23.799>with <00:23:24.000>intervest <00:23:24.919>for <00:23:25.080>this <00:23:25.279>acreage 00:23:26.029 --> 00:23:26.039 align:start position:0% um lease with intervest for this acreage 00:23:26.039 --> 00:23:29.549 align:start position:0% um lease with intervest for this acreage yes<00:23:26.159>sir <00:23:26.400>you're <00:23:26.559>also <00:23:26.840>pooling <00:23:27.320>that 00:23:29.549 --> 00:23:29.559 align:start position:0% yes sir you're also pooling that 00:23:29.559 --> 00:23:31.830 align:start position:0% yes sir you're also pooling that yes<00:23:29.679>sir <00:23:29.960>that's <00:23:30.279>that's <00:23:30.640>the <00:23:31.279>uh <00:23:31.480>that's <00:23:31.640>what 00:23:31.830 --> 00:23:31.840 align:start position:0% yes sir that's that's the uh that's what 00:23:31.840 --> 00:23:32.950 align:start position:0% yes sir that's that's the uh that's what when<00:23:31.919>you <00:23:32.039>pay <00:23:32.200>them <00:23:32.320>directly <00:23:32.640>into <00:23:32.840>your 00:23:32.950 --> 00:23:32.960 align:start position:0% when you pay them directly into your 00:23:32.960 --> 00:23:34.789 align:start position:0% when you pay them directly into your lease<00:23:33.240>terms <00:23:33.640>with <00:23:33.880>them <00:23:34.320>do <00:23:34.400>you <00:23:34.520>need <00:23:34.679>to 00:23:34.789 --> 00:23:34.799 align:start position:0% lease terms with them do you need to 00:23:34.799 --> 00:23:37.350 align:start position:0% lease terms with them do you need to pull<00:23:35.240>them <00:23:36.240>well <00:23:36.360>we <00:23:36.520>have <00:23:36.679>on <00:23:36.799>the <00:23:36.960>previous 00:23:37.350 --> 00:23:37.360 align:start position:0% pull them well we have on the previous 00:23:37.360 --> 00:23:39.470 align:start position:0% pull them well we have on the previous leases<00:23:37.880>it's <00:23:38.279>uh <00:23:38.559>it's <00:23:38.720>up <00:23:38.840>to <00:23:39.000>the <00:23:39.120>discretion 00:23:39.470 --> 00:23:39.480 align:start position:0% leases it's uh it's up to the discretion 00:23:39.480 --> 00:23:41.149 align:start position:0% leases it's uh it's up to the discretion of<00:23:39.600>the <00:23:39.679>board <00:23:39.919>how <00:23:40.039>you <00:23:40.159>wish <00:23:40.320>us <00:23:40.480>to <00:23:40.640>proceed 00:23:41.149 --> 00:23:41.159 align:start position:0% of the board how you wish us to proceed 00:23:41.159 --> 00:23:43.269 align:start position:0% of the board how you wish us to proceed sure<00:23:41.320>if <00:23:41.440>we <00:23:41.600>actually <00:23:41.799>pull <00:23:42.200>people <00:23:42.400>who <00:23:42.520>are 00:23:43.269 --> 00:23:43.279 align:start position:0% sure if we actually pull people who are 00:23:43.279 --> 00:23:46.230 align:start position:0% sure if we actually pull people who are leased<00:23:44.279>well <00:23:44.720>the <00:23:45.120>staff <00:23:45.440>weigh <00:23:45.600>in <00:23:45.760>on <00:23:46.000>that 00:23:46.230 --> 00:23:46.240 align:start position:0% leased well the staff weigh in on that 00:23:46.240 --> 00:23:48.190 align:start position:0% leased well the staff weigh in on that do<00:23:46.400>we <00:23:46.960>one <00:23:47.080>of <00:23:47.159>the <00:23:47.360>problems <00:23:47.679>that <00:23:47.840>we <00:23:48.000>have 00:23:48.190 --> 00:23:48.200 align:start position:0% do we one of the problems that we have 00:23:48.200 --> 00:23:50.510 align:start position:0% do we one of the problems that we have if<00:23:48.320>you'll <00:23:48.559>remember <00:23:49.279>is <00:23:49.559>that <00:23:49.960>we <00:23:50.159>have 00:23:50.510 --> 00:23:50.520 align:start position:0% if you'll remember is that we have 00:23:50.520 --> 00:23:52.390 align:start position:0% if you'll remember is that we have entities<00:23:51.080>not <00:23:51.240>in <00:23:51.400>this <00:23:51.559>particular <00:23:52.000>well <00:23:52.279>but 00:23:52.390 --> 00:23:52.400 align:start position:0% entities not in this particular well but 00:23:52.400 --> 00:23:54.630 align:start position:0% entities not in this particular well but if<00:23:52.520>we <00:23:52.679>have <00:23:53.039>entities <00:23:54.039>uh <00:23:54.120>that <00:23:54.240>have <00:23:54.360>entered 00:23:54.630 --> 00:23:54.640 align:start position:0% if we have entities uh that have entered 00:23:54.640 --> 00:23:56.269 align:start position:0% if we have entities uh that have entered into<00:23:54.840>a <00:23:54.960>lease <00:23:55.200>with <00:23:55.320>intervest <00:23:55.919>we <00:23:56.039>had <00:23:56.159>to 00:23:56.269 --> 00:23:56.279 align:start position:0% into a lease with intervest we had to 00:23:56.279 --> 00:23:58.750 align:start position:0% into a lease with intervest we had to pull<00:23:56.520>them <00:23:56.679>even <00:23:56.880>though <00:23:57.000>a <00:23:57.080>lease <00:23:57.400>existed 00:23:58.750 --> 00:23:58.760 align:start position:0% pull them even though a lease existed 00:23:58.760 --> 00:24:00.669 align:start position:0% pull them even though a lease existed okay<00:23:58.919>so <00:23:59.080>they <00:23:59.200>may <00:23:59.400>have <00:23:59.559>other <00:23:59.760>leases <00:24:00.559>yes 00:24:00.669 --> 00:24:00.679 align:start position:0% okay so they may have other leases yes 00:24:00.679 --> 00:24:01.830 align:start position:0% okay so they may have other leases yes sir<00:24:00.919>that's <00:24:01.039>what <00:24:01.120>you're <00:24:01.279>saying <00:24:01.520>that's 00:24:01.830 --> 00:24:01.840 align:start position:0% sir that's what you're saying that's 00:24:01.840 --> 00:24:03.950 align:start position:0% sir that's what you're saying that's different<00:24:02.200>situation <00:24:02.760>there <00:24:03.039>then <00:24:03.200>so <00:24:03.440>you've 00:24:03.950 --> 00:24:03.960 align:start position:0% different situation there then so you've 00:24:03.960 --> 00:24:05.870 align:start position:0% different situation there then so you've but<00:24:04.080>you've <00:24:04.279>identified <00:24:04.799>those <00:24:05.000>people <00:24:05.320>also 00:24:05.870 --> 00:24:05.880 align:start position:0% but you've identified those people also 00:24:05.880 --> 00:24:07.510 align:start position:0% but you've identified those people also yes 00:24:07.510 --> 00:24:07.520 align:start position:0% yes 00:24:07.520 --> 00:24:09.269 align:start position:0% yes sir 00:24:09.269 --> 00:24:09.279 align:start position:0% sir 00:24:09.279 --> 00:24:11.470 align:start position:0% sir okay<00:24:10.279>these <00:24:10.400>are <00:24:10.679>the <00:24:10.840>the <00:24:10.960>people <00:24:11.200>that <00:24:11.320>are 00:24:11.470 --> 00:24:11.480 align:start position:0% okay these are the the people that are 00:24:11.480 --> 00:24:14.870 align:start position:0% okay these are the the people that are listed<00:24:11.799>there <00:24:11.880>are <00:24:12.080>no <00:24:12.240>leases <00:24:12.679>with <00:24:13.080>us <00:24:14.080>right 00:24:14.870 --> 00:24:14.880 align:start position:0% listed there are no leases with us right 00:24:14.880 --> 00:24:17.190 align:start position:0% listed there are no leases with us right so<00:24:15.120>can <00:24:15.240>you <00:24:15.480>just <00:24:15.720>maybe <00:24:16.600>describe <00:24:17.000>your 00:24:17.190 --> 00:24:17.200 align:start position:0% so can you just maybe describe your 00:24:17.200 --> 00:24:18.630 align:start position:0% so can you just maybe describe your leasing<00:24:17.559>efforts <00:24:17.880>a <00:24:17.960>little <00:24:18.120>bit <00:24:18.360>what <00:24:18.480>you 00:24:18.630 --> 00:24:18.640 align:start position:0% leasing efforts a little bit what you 00:24:18.640 --> 00:24:20.390 align:start position:0% leasing efforts a little bit what you did<00:24:18.840>from <00:24:19.000>the <00:24:19.120>due <00:24:19.320>d <00:24:19.679>deci <00:24:19.840>side <00:24:20.000>to <00:24:20.120>lease 00:24:20.390 --> 00:24:20.400 align:start position:0% did from the due d deci side to lease 00:24:20.400 --> 00:24:23.190 align:start position:0% did from the due d deci side to lease any<00:24:20.559>of <00:24:20.679>these <00:24:20.799>Unleased <00:24:21.679>parties <00:24:22.679>you <00:24:22.799>mean 00:24:23.190 --> 00:24:23.200 align:start position:0% any of these Unleased parties you mean 00:24:23.200 --> 00:24:26.149 align:start position:0% any of these Unleased parties you mean any<00:24:23.440>parties <00:24:23.880>outside <00:24:24.279>of <00:24:24.400>intervest <00:24:25.159>correct 00:24:26.149 --> 00:24:26.159 align:start position:0% any parties outside of intervest correct 00:24:26.159 --> 00:24:28.510 align:start position:0% any parties outside of intervest correct um<00:24:26.520>we've <00:24:26.760>identified <00:24:27.279>them <00:24:27.480>via <00:24:27.840>title <00:24:28.279>and 00:24:28.510 --> 00:24:28.520 align:start position:0% um we've identified them via title and 00:24:28.520 --> 00:24:31.510 align:start position:0% um we've identified them via title and surface<00:24:28.960>ownership <00:24:29.559>and <00:24:29.720>I <00:24:29.840>have <00:24:30.039>spoken 00:24:31.510 --> 00:24:31.520 align:start position:0% surface ownership and I have spoken 00:24:31.520 --> 00:24:34.710 align:start position:0% surface ownership and I have spoken with<00:24:32.520>I <00:24:32.640>want <00:24:32.799>to <00:24:32.960>say <00:24:33.440>10 <00:24:33.720>or <00:24:33.919>so <00:24:34.399>of <00:24:34.559>the 00:24:34.710 --> 00:24:34.720 align:start position:0% with I want to say 10 or so of the 00:24:34.720 --> 00:24:37.149 align:start position:0% with I want to say 10 or so of the interested<00:24:35.200>parties <00:24:36.120>and <00:24:36.279>we <00:24:36.440>have <00:24:36.640>discussed 00:24:37.149 --> 00:24:37.159 align:start position:0% interested parties and we have discussed 00:24:37.159 --> 00:24:40.470 align:start position:0% interested parties and we have discussed Leasing<00:24:38.080>and <00:24:38.720>for <00:24:39.000>those <00:24:39.200>that <00:24:39.360>I <00:24:39.520>have <00:24:39.720>spoken 00:24:40.470 --> 00:24:40.480 align:start position:0% Leasing and for those that I have spoken 00:24:40.480 --> 00:24:44.669 align:start position:0% Leasing and for those that I have spoken with<00:24:41.840>uh <00:24:42.840>they <00:24:43.120>have <00:24:43.480>and <00:24:43.640>we <00:24:43.880>have <00:24:44.080>internally 00:24:44.669 --> 00:24:44.679 align:start position:0% with uh they have and we have internally 00:24:44.679 --> 00:24:47.750 align:start position:0% with uh they have and we have internally opted<00:24:45.039>to <00:24:45.200>simply <00:24:45.600>pull <00:24:46.000>them <00:24:46.760>um <00:24:47.120>and <00:24:47.440>part <00:24:47.600>of 00:24:47.750 --> 00:24:47.760 align:start position:0% opted to simply pull them um and part of 00:24:47.760 --> 00:24:50.669 align:start position:0% opted to simply pull them um and part of the<00:24:47.919>reason <00:24:48.200>for <00:24:48.880>that <00:24:49.880>with <00:24:50.080>at <00:24:50.200>least <00:24:50.399>two <00:24:50.559>of 00:24:50.669 --> 00:24:50.679 align:start position:0% the reason for that with at least two of 00:24:50.679 --> 00:24:53.190 align:start position:0% the reason for that with at least two of the<00:24:50.799>gentlemen <00:24:51.200>I <00:24:51.320>spoke <00:24:51.640>with <00:24:52.440>was <00:24:52.640>that <00:24:53.000>if 00:24:53.190 --> 00:24:53.200 align:start position:0% the gentlemen I spoke with was that if 00:24:53.200 --> 00:24:56.789 align:start position:0% the gentlemen I spoke with was that if we<00:24:53.559>had <00:24:54.080>an <00:24:54.360>existing <00:24:54.840>lease <00:24:55.399>with <00:24:55.720>them <00:24:56.679>it 00:24:56.789 --> 00:24:56.799 align:start position:0% we had an existing lease with them it 00:24:56.799 --> 00:24:58.789 align:start position:0% we had an existing lease with them it would<00:24:57.000>also <00:24:57.320>imply <00:24:57.919>that <00:24:58.039>we <00:24:58.200>had <00:24:58.399>the <00:24:58.559>rights 00:24:58.789 --> 00:24:58.799 align:start position:0% would also imply that we had the rights 00:24:58.799 --> 00:25:00.630 align:start position:0% would also imply that we had the rights to<00:24:58.919>drill <00:24:59.200>on <00:24:59.360>their 00:25:00.630 --> 00:25:00.640 align:start position:0% to drill on their 00:25:00.640 --> 00:25:02.990 align:start position:0% to drill on their surface<00:25:01.640>and <00:25:01.840>they <00:25:01.960>would <00:25:02.159>rather <00:25:02.360>be <00:25:02.520>pulled 00:25:02.990 --> 00:25:03.000 align:start position:0% surface and they would rather be pulled 00:25:03.000 --> 00:25:07.070 align:start position:0% surface and they would rather be pulled without<00:25:03.399>those <00:25:03.679>rights <00:25:04.520>as <00:25:04.679>opposed <00:25:05.039>to 00:25:07.070 --> 00:25:07.080 align:start position:0% without those rights as opposed to 00:25:07.080 --> 00:25:10.750 align:start position:0% without those rights as opposed to Bing<00:25:08.520>okay <00:25:09.520>but <00:25:09.679>where <00:25:09.840>you <00:25:09.960>are <00:25:10.159>drilling <00:25:10.640>you 00:25:10.750 --> 00:25:10.760 align:start position:0% Bing okay but where you are drilling you 00:25:10.760 --> 00:25:12.389 align:start position:0% Bing okay but where you are drilling you do<00:25:10.960>have <00:25:11.080>the <00:25:11.240>rights <00:25:11.440>to <00:25:11.600>drill <00:25:11.960>be <00:25:12.080>on <00:25:12.240>that 00:25:12.389 --> 00:25:12.399 align:start position:0% do have the rights to drill be on that 00:25:12.399 --> 00:25:15.149 align:start position:0% do have the rights to drill be on that surface<00:25:12.880>correct <00:25:13.320>surface <00:25:14.279>so <00:25:14.440>there's <00:25:14.679>no <00:25:15.000>no 00:25:15.149 --> 00:25:15.159 align:start position:0% surface correct surface so there's no no 00:25:15.159 --> 00:25:18.149 align:start position:0% surface correct surface so there's no no issue 00:25:18.149 --> 00:25:18.159 align:start position:0% 00:25:18.159 --> 00:25:20.830 align:start position:0% there<00:25:19.159>I <00:25:19.320>have <00:25:19.480>not <00:25:19.679>spoken <00:25:20.120>with <00:25:20.399>all <00:25:20.640>the 00:25:20.830 --> 00:25:20.840 align:start position:0% there I have not spoken with all the 00:25:20.840 --> 00:25:23.549 align:start position:0% there I have not spoken with all the people<00:25:21.279>inside <00:25:21.720>this 00:25:23.549 --> 00:25:23.559 align:start position:0% people inside this 00:25:23.559 --> 00:25:25.149 align:start position:0% people inside this unit 00:25:25.149 --> 00:25:25.159 align:start position:0% unit 00:25:25.159 --> 00:25:27.230 align:start position:0% unit okay<00:25:26.159>we're <00:25:26.360>assuming <00:25:26.720>everyone's <00:25:27.080>been 00:25:27.230 --> 00:25:27.240 align:start position:0% okay we're assuming everyone's been 00:25:27.240 --> 00:25:29.389 align:start position:0% okay we're assuming everyone's been notified<00:25:28.159>did <00:25:28.320>you <00:25:28.480>do <00:25:28.640>that <00:25:28.760>by <00:25:28.919>certified 00:25:29.389 --> 00:25:29.399 align:start position:0% notified did you do that by certified 00:25:29.399 --> 00:25:32.510 align:start position:0% notified did you do that by certified mail<00:25:29.720>to <00:25:30.640>for <00:25:30.919>the <00:25:31.480>yes <00:25:31.640>sir <00:25:31.919>on <00:25:32.159>the <00:25:32.360>the 00:25:32.510 --> 00:25:32.520 align:start position:0% mail to for the yes sir on the the 00:25:32.520 --> 00:25:33.909 align:start position:0% mail to for the yes sir on the the addresses<00:25:32.960>that <00:25:33.120>are <00:25:33.279>provided <00:25:33.640>in <00:25:33.760>the 00:25:33.909 --> 00:25:33.919 align:start position:0% addresses that are provided in the 00:25:33.919 --> 00:25:35.389 align:start position:0% addresses that are provided in the application<00:25:34.480>they <00:25:34.559>were <00:25:34.679>all <00:25:34.840>sent <00:25:35.080>notice 00:25:35.389 --> 00:25:35.399 align:start position:0% application they were all sent notice 00:25:35.399 --> 00:25:38.149 align:start position:0% application they were all sent notice via<00:25:35.559>certifi <00:25:36.480>receive <00:25:36.799>any <00:25:37.480>input <00:25:37.840>back <00:25:37.960>from 00:25:38.149 --> 00:25:38.159 align:start position:0% via certifi receive any input back from 00:25:38.159 --> 00:25:40.630 align:start position:0% via certifi receive any input back from those<00:25:38.399>people <00:25:38.760>about <00:25:39.480>want <00:25:39.720>to <00:25:39.880>lease <00:25:40.399>prior 00:25:40.630 --> 00:25:40.640 align:start position:0% those people about want to lease prior 00:25:40.640 --> 00:25:43.830 align:start position:0% those people about want to lease prior to<00:25:40.760>this <00:25:40.919>hearing <00:25:41.799>the <00:25:42.399>the <00:25:42.760>the <00:25:43.039>I <00:25:43.320>the <00:25:43.399>ones 00:25:43.830 --> 00:25:43.840 align:start position:0% to this hearing the the the I the ones 00:25:43.840 --> 00:25:45.750 align:start position:0% to this hearing the the the I the ones the<00:25:44.159>phone <00:25:44.399>calls <00:25:44.679>that <00:25:44.799>I <00:25:44.960>received <00:25:45.520>Mr 00:25:45.750 --> 00:25:45.760 align:start position:0% the phone calls that I received Mr 00:25:45.760 --> 00:25:47.630 align:start position:0% the phone calls that I received Mr Janson<00:25:46.200>we <00:25:46.440>answered <00:25:46.799>their <00:25:47.039>questions <00:25:47.399>and <00:25:47.520>I 00:25:47.630 --> 00:25:47.640 align:start position:0% Janson we answered their questions and I 00:25:47.640 --> 00:25:49.549 align:start position:0% Janson we answered their questions and I referred<00:25:48.000>them <00:25:48.120>to <00:25:48.279>Mr <00:25:48.559>PA <00:25:48.880>and <00:25:49.080>and <00:25:49.159>told <00:25:49.399>them 00:25:49.549 --> 00:25:49.559 align:start position:0% referred them to Mr PA and and told them 00:25:49.559 --> 00:25:50.870 align:start position:0% referred them to Mr PA and and told them if<00:25:49.679>they <00:25:49.760>were <00:25:49.919>interested <00:25:50.240>in <00:25:50.320>leasing <00:25:50.760>they 00:25:50.870 --> 00:25:50.880 align:start position:0% if they were interested in leasing they 00:25:50.880 --> 00:25:56.669 align:start position:0% if they were interested in leasing they need<00:25:51.080>to <00:25:51.399>speak <00:25:51.760>to 00:25:56.669 --> 00:25:56.679 align:start position:0% 00:25:56.679 --> 00:25:58.510 align:start position:0% him 00:25:58.510 --> 00:25:58.520 align:start position:0% him 00:25:58.520 --> 00:26:00.669 align:start position:0% him one<00:25:58.720>other <00:25:59.000>question <00:25:59.360>on <00:25:59.600>the <00:25:59.919>uh <00:26:00.120>the <00:26:00.320>cost <00:26:00.559>of 00:26:00.669 --> 00:26:00.679 align:start position:0% one other question on the uh the cost of 00:26:00.679 --> 00:26:02.789 align:start position:0% one other question on the uh the cost of the<00:26:00.880>well <00:26:01.880>on <00:26:02.080>your 00:26:02.789 --> 00:26:02.799 align:start position:0% the well on your 00:26:02.799 --> 00:26:06.269 align:start position:0% the well on your AF<00:26:03.799>uh <00:26:04.600>my <00:26:05.000>understanding <00:26:05.279>that <00:26:05.399>you <00:26:05.520>use <00:26:05.799>a 00:26:06.269 --> 00:26:06.279 align:start position:0% AF uh my understanding that you use a 00:26:06.279 --> 00:26:08.430 align:start position:0% AF uh my understanding that you use a skid<00:26:06.679>mounted <00:26:07.440>production <00:26:07.880>unit <00:26:08.159>that <00:26:08.279>you 00:26:08.430 --> 00:26:08.440 align:start position:0% skid mounted production unit that you 00:26:08.440 --> 00:26:09.870 align:start position:0% skid mounted production unit that you place<00:26:08.640>on <00:26:08.799>this <00:26:09.080>which <00:26:09.240>actually <00:26:09.480>does <00:26:09.720>the 00:26:09.870 --> 00:26:09.880 align:start position:0% place on this which actually does the 00:26:09.880 --> 00:26:11.350 align:start position:0% place on this which actually does the methane 00:26:11.350 --> 00:26:11.360 align:start position:0% methane 00:26:11.360 --> 00:26:13.630 align:start position:0% methane destruction<00:26:12.360>that <00:26:12.520>cost <00:26:12.760>is <00:26:12.919>not <00:26:13.080>included <00:26:13.440>in 00:26:13.630 --> 00:26:13.640 align:start position:0% destruction that cost is not included in 00:26:13.640 --> 00:26:16.830 align:start position:0% destruction that cost is not included in a<00:26:14.080>for <00:26:14.279>that <00:26:14.799>facility <00:26:15.520>I <00:26:15.640>can <00:26:15.799>tell <00:26:16.520>so <00:26:16.679>you're 00:26:16.830 --> 00:26:16.840 align:start position:0% a for that facility I can tell so you're 00:26:16.840 --> 00:26:18.549 align:start position:0% a for that facility I can tell so you're not<00:26:17.080>passing <00:26:17.360>that <00:26:17.559>cost <00:26:17.799>on <00:26:18.000>to <00:26:18.120>anyone <00:26:18.440>who 00:26:18.549 --> 00:26:18.559 align:start position:0% not passing that cost on to anyone who 00:26:18.559 --> 00:26:20.149 align:start position:0% not passing that cost on to anyone who did<00:26:18.720>want <00:26:18.840>to <00:26:19.000>participate <00:26:19.399>in <00:26:19.520>the <00:26:19.640>well <00:26:20.000>that 00:26:20.149 --> 00:26:20.159 align:start position:0% did want to participate in the well that 00:26:20.159 --> 00:26:22.070 align:start position:0% did want to participate in the well that cost<00:26:20.679>be <00:26:20.840>passed <00:26:21.080>on <00:26:21.200>to <00:26:21.360>those <00:26:21.520>people <00:26:21.960>just 00:26:22.070 --> 00:26:22.080 align:start position:0% cost be passed on to those people just 00:26:22.080 --> 00:26:25.549 align:start position:0% cost be passed on to those people just see<00:26:22.279>the <00:26:22.399>cost <00:26:22.600>of <00:26:22.840>actually <00:26:23.320>really <00:26:23.679>the <00:26:23.919>side 00:26:25.549 --> 00:26:25.559 align:start position:0% see the cost of actually really the side 00:26:25.559 --> 00:26:28.630 align:start position:0% see the cost of actually really the side right<00:26:26.559>and <00:26:26.720>I <00:26:27.120>I <00:26:27.200>think <00:26:27.399>the <00:26:27.720>reason <00:26:27.919>for <00:26:28.120>that 00:26:28.630 --> 00:26:28.640 align:start position:0% right and I I think the reason for that 00:26:28.640 --> 00:26:31.990 align:start position:0% right and I I think the reason for that being<00:26:29.640>uh <00:26:29.880>as <00:26:30.000>of <00:26:30.200>now <00:26:30.480>we <00:26:30.600>don't <00:26:30.840>know <00:26:31.679>what <00:26:31.880>we 00:26:31.990 --> 00:26:32.000 align:start position:0% being uh as of now we don't know what we 00:26:32.000 --> 00:26:33.590 align:start position:0% being uh as of now we don't know what we will<00:26:32.279>encounter <00:26:32.760>when <00:26:32.880>we <00:26:33.000>drill <00:26:33.279>into <00:26:33.480>the 00:26:33.590 --> 00:26:33.600 align:start position:0% will encounter when we drill into the 00:26:33.600 --> 00:26:35.990 align:start position:0% will encounter when we drill into the mine<00:26:34.039>it <00:26:34.159>could <00:26:34.320>be <00:26:34.480>flooded <00:26:34.880>or <00:26:35.039>it <00:26:35.159>could 00:26:35.990 --> 00:26:36.000 align:start position:0% mine it could be flooded or it could 00:26:36.000 --> 00:26:40.149 align:start position:0% mine it could be flooded or it could have<00:26:36.440>gas <00:26:37.440>sure <00:26:38.080>and <00:26:38.480>also <00:26:39.480>some <00:26:39.720>of <00:26:39.919>the 00:26:40.149 --> 00:26:40.159 align:start position:0% have gas sure and also some of the 00:26:40.159 --> 00:26:43.310 align:start position:0% have gas sure and also some of the equipment<00:26:41.039>that <00:26:41.200>we <00:26:41.320>would <00:26:41.559>use <00:26:41.919>on <00:26:42.200>this <00:26:42.480>site 00:26:43.310 --> 00:26:43.320 align:start position:0% equipment that we would use on this site 00:26:43.320 --> 00:26:45.630 align:start position:0% equipment that we would use on this site might<00:26:43.520>have <00:26:43.720>already <00:26:43.960>been <00:26:44.200>purchased <00:26:45.200>um <00:26:45.480>it 00:26:45.630 --> 00:26:45.640 align:start position:0% might have already been purchased um it 00:26:45.640 --> 00:26:47.510 align:start position:0% might have already been purchased um it might<00:26:45.919>come <00:26:46.159>from <00:26:46.399>an <00:26:46.600>existing <00:26:47.080>site <00:26:47.320>that's 00:26:47.510 --> 00:26:47.520 align:start position:0% might come from an existing site that's 00:26:47.520 --> 00:26:50.470 align:start position:0% might come from an existing site that's shutting<00:26:47.880>down <00:26:48.720>sure <00:26:49.720>no <00:26:49.960>problem <00:26:50.240>just <00:26:50.360>want 00:26:50.470 --> 00:26:50.480 align:start position:0% shutting down sure no problem just want 00:26:50.480 --> 00:26:52.389 align:start position:0% shutting down sure no problem just want to<00:26:50.640>make <00:26:50.760>sure <00:26:51.440>what <00:26:51.559>it <00:26:51.679>was <00:26:51.799>clear <00:26:52.159>whether 00:26:52.389 --> 00:26:52.399 align:start position:0% to make sure what it was clear whether 00:26:52.399 --> 00:26:54.310 align:start position:0% to make sure what it was clear whether that<00:26:52.520>was <00:26:52.640>the <00:26:52.760>cost <00:26:53.000>that <00:26:53.120>we <00:26:53.320>passed <00:26:53.559>on <00:26:53.840>to 00:26:54.310 --> 00:26:54.320 align:start position:0% that was the cost that we passed on to 00:26:54.320 --> 00:26:56.149 align:start position:0% that was the cost that we passed on to be<00:26:54.520>participating <00:26:55.159>no <00:26:55.320>this <00:26:55.399>is <00:26:55.640>just <00:26:55.840>the 00:26:56.149 --> 00:26:56.159 align:start position:0% be participating no this is just the 00:26:56.159 --> 00:26:59.310 align:start position:0% be participating no this is just the person<00:26:56.440>that <00:26:57.080>partipate <00:26:58.000>just <00:26:58.159>to <00:26:58.440>get <00:26:59.039>into 00:26:59.310 --> 00:26:59.320 align:start position:0% person that partipate just to get into 00:26:59.320 --> 00:27:00.310 align:start position:0% person that partipate just to get into the 00:27:00.310 --> 00:27:00.320 align:start position:0% the 00:27:00.320 --> 00:27:03.430 align:start position:0% the mind<00:27:01.320>thank 00:27:03.430 --> 00:27:03.440 align:start position:0% mind thank 00:27:03.440 --> 00:27:13.070 align:start position:0% mind thank you<00:27:04.440>other <00:27:04.720>questions <00:27:05.520>from <00:27:06.520>board 00:27:13.070 --> 00:27:13.080 align:start position:0% 00:27:13.080 --> 00:27:18.630 align:start position:0% members<00:27:14.080>okay <00:27:14.320>anything <00:27:14.720>else <00:27:15.720>no <00:27:16.240>sir 00:27:18.630 --> 00:27:18.640 align:start position:0% members okay anything else no sir 00:27:18.640 --> 00:27:21.750 align:start position:0% members okay anything else no sir okay<00:27:19.640>uh <00:27:19.799>the <00:27:19.919>board <00:27:20.120>operates <00:27:20.559>on <00:27:20.679>a 00:27:21.750 --> 00:27:21.760 align:start position:0% okay uh the board operates on a 00:27:21.760 --> 00:27:24.430 align:start position:0% okay uh the board operates on a motion<00:27:22.760>motion <00:27:23.039>to 00:27:24.430 --> 00:27:24.440 align:start position:0% motion motion to 00:27:24.440 --> 00:27:29.789 align:start position:0% motion motion to approve<00:27:25.760>second <00:27:26.760>and <00:27:27.320>uh <00:27:27.760>any <00:27:27.960>further 00:27:29.789 --> 00:27:29.799 align:start position:0% approve second and uh any further 00:27:29.799 --> 00:27:33.149 align:start position:0% approve second and uh any further discussion<00:27:30.799>okay <00:27:31.159>all <00:27:31.440>in <00:27:31.919>favor <00:27:32.919>uh <00:27:33.080>the 00:27:33.149 --> 00:27:33.159 align:start position:0% discussion okay all in favor uh the 00:27:33.159 --> 00:27:36.430 align:start position:0% discussion okay all in favor uh the motion<00:27:33.440>is <00:27:33.559>for <00:27:33.880>approval <00:27:34.880>all <00:27:35.039>in <00:27:35.240>favor <00:27:35.760>of 00:27:36.430 --> 00:27:36.440 align:start position:0% motion is for approval all in favor of 00:27:36.440 --> 00:27:39.669 align:start position:0% motion is for approval all in favor of approval<00:27:36.919>of <00:27:37.120>this <00:27:37.399>petition <00:27:38.000>say <00:27:38.480>yes <00:27:39.360>or <00:27:39.559>I 00:27:39.669 --> 00:27:39.679 align:start position:0% approval of this petition say yes or I 00:27:39.679 --> 00:27:42.549 align:start position:0% approval of this petition say yes or I guess<00:27:39.840>we <00:27:40.000>ought <00:27:40.159>to <00:27:40.360>P <00:27:40.600>the <00:27:40.760>board <00:27:41.200>let's <00:27:41.480>do 00:27:42.549 --> 00:27:42.559 align:start position:0% guess we ought to P the board let's do 00:27:42.559 --> 00:27:48.149 align:start position:0% guess we ought to P the board let's do that<00:27:43.559>qu <00:27:44.279>yes <00:27:45.000>Mrs <00:27:45.440>harat <00:27:46.440>yes <00:27:46.760>Mr <00:27:47.120>Harris <00:27:47.880>yes 00:27:48.149 --> 00:27:48.159 align:start position:0% that qu yes Mrs harat yes Mr Harris yes 00:27:48.159 --> 00:27:53.230 align:start position:0% that qu yes Mrs harat yes Mr Harris yes Mr<00:27:48.519>Janson <00:27:49.399>yes <00:27:50.159>Mr <00:27:50.559>Cochran <00:27:51.399>yes <00:27:52.080>Mr 00:27:53.230 --> 00:27:53.240 align:start position:0% Mr Janson yes Mr Cochran yes Mr 00:27:53.240 --> 00:27:55.029 align:start position:0% Mr Janson yes Mr Cochran yes Mr Prather 00:27:55.029 --> 00:27:55.039 align:start position:0% Prather 00:27:55.039 --> 00:27:59.389 align:start position:0% Prather yes<00:27:56.519>Mr 00:27:59.389 --> 00:27:59.399 align:start position:0% yes Mr 00:27:59.399 --> 00:28:05.110 align:start position:0% yes Mr Iain<00:28:00.440>okay <00:28:01.440>fine <00:28:01.960>uh <00:28:02.440>that <00:28:03.039>uh <00:28:03.480>petition <00:28:04.120>is 00:28:05.110 --> 00:28:05.120 align:start position:0% Iain okay fine uh that uh petition is 00:28:05.120 --> 00:28:09.350 align:start position:0% Iain okay fine uh that uh petition is passed<00:28:05.480>or <00:28:05.799>ex <00:28:06.480>accept <00:28:06.840>it <00:28:07.000>so <00:28:07.679>move <00:28:07.960>on <00:28:08.840>okay 00:28:09.350 --> 00:28:09.360 align:start position:0% passed or ex accept it so move on okay 00:28:09.360 --> 00:28:11.669 align:start position:0% passed or ex accept it so move on okay the<00:28:09.840>next <00:28:10.120>item <00:28:10.559>which <00:28:10.720>is <00:28:10.880>number <00:28:11.240>five <00:28:11.519>on 00:28:11.669 --> 00:28:11.679 align:start position:0% the next item which is number five on 00:28:11.679 --> 00:28:14.190 align:start position:0% the next item which is number five on your<00:28:11.919>list <00:28:12.480>petition <00:28:12.880>from <00:28:13.080>KY <00:28:13.360>Rock <00:28:13.559>Energy 00:28:14.190 --> 00:28:14.200 align:start position:0% your list petition from KY Rock Energy 00:28:14.200 --> 00:28:17.509 align:start position:0% your list petition from KY Rock Energy LC<00:28:15.200>for <00:28:15.519>creation <00:28:15.880>of <00:28:16.000>a <00:28:16.120>seal <00:28:16.519>Gob <00:28:17.039>drilling 00:28:17.509 --> 00:28:17.519 align:start position:0% LC for creation of a seal Gob drilling 00:28:17.519 --> 00:28:22.549 align:start position:0% LC for creation of a seal Gob drilling unit<00:28:18.200>and <00:28:18.440>pooling <00:28:19.320>the <00:28:19.440>unit <00:28:19.720>is <00:28:19.919>kyrock <00:28:20.559>m- 00:28:22.549 --> 00:28:22.559 align:start position:0% unit and pooling the unit is kyrock m- 00:28:22.559 --> 00:28:26.430 align:start position:0% unit and pooling the unit is kyrock m- 26-1<00:28:23.559>the <00:28:23.720>docket <00:28:24.120>number <00:28:24.320>is <00:28:24.480>VG <00:28:24.880>o 00:28:26.430 --> 00:28:26.440 align:start position:0% 26-1 the docket number is VG o 00:28:26.440 --> 00:28:28.149 align:start position:0% 26-1 the docket number is VG o 24-2 00:28:28.149 --> 00:28:28.159 align:start position:0% 24-2 00:28:28.159 --> 00:28:31.230 align:start position:0% 24-2 220 00:28:31.230 --> 00:28:31.240 align:start position:0% 00:28:31.240 --> 00:28:34.029 align:start position:0% d428<00:28:32.240>we'd <00:28:32.519>all <00:28:32.840>ask <00:28:33.120>all <00:28:33.360>parties <00:28:33.679>who <00:28:33.880>wish 00:28:34.029 --> 00:28:34.039 align:start position:0% d428 we'd all ask all parties who wish 00:28:34.039 --> 00:28:36.750 align:start position:0% d428 we'd all ask all parties who wish to<00:28:34.200>speak <00:28:34.440>to <00:28:34.640>this <00:28:34.880>petition <00:28:35.600>to <00:28:35.840>please <00:28:36.159>come 00:28:36.750 --> 00:28:36.760 align:start position:0% to speak to this petition to please come 00:28:36.760 --> 00:28:39.230 align:start position:0% to speak to this petition to please come forward<00:28:37.760>Freddy <00:28:38.080>mulls <00:28:38.440>on <00:28:38.600>behalf <00:28:38.840>of <00:28:39.000>Ky 00:28:39.230 --> 00:28:39.240 align:start position:0% forward Freddy mulls on behalf of Ky 00:28:39.240 --> 00:28:41.110 align:start position:0% forward Freddy mulls on behalf of Ky Rock<00:28:39.440>Energy <00:28:39.799>and <00:28:39.919>I'll <00:28:40.039>be <00:28:40.159>calling <00:28:40.480>Morgan <00:28:40.840>p 00:28:41.110 --> 00:28:41.120 align:start position:0% Rock Energy and I'll be calling Morgan p 00:28:41.120 --> 00:28:43.350 align:start position:0% Rock Energy and I'll be calling Morgan p as<00:28:41.279>my <00:28:41.440>witness <00:28:41.760>in <00:28:41.880>this <00:28:42.039>matter <00:28:42.320>Mr <00:28:42.559>chair 00:28:43.350 --> 00:28:43.360 align:start position:0% as my witness in this matter Mr chair 00:28:43.360 --> 00:28:47.789 align:start position:0% as my witness in this matter Mr chair okay<00:28:44.360>uh <00:28:44.840>any <00:28:45.120>others <00:28:45.799>no <00:28:46.000>sir <00:28:46.679>okay <00:28:47.440>uh <00:28:47.640>I 00:28:47.789 --> 00:28:47.799 align:start position:0% okay uh any others no sir okay uh I 00:28:47.799 --> 00:28:50.269 align:start position:0% okay uh any others no sir okay uh I think<00:28:48.159>the <00:28:48.919>uh <00:28:49.200>those <00:28:49.360>are <00:28:49.559>the <00:28:49.640>only <00:28:49.840>two <00:28:50.080>so 00:28:50.269 --> 00:28:50.279 align:start position:0% think the uh those are the only two so 00:28:50.279 --> 00:28:52.029 align:start position:0% think the uh those are the only two so you<00:28:50.440>may <00:28:50.720>go <00:28:50.840>ahead <00:28:51.039>and <00:28:51.159>proceed <00:28:51.720>and <00:28:51.840>I <00:28:51.919>think 00:28:52.029 --> 00:28:52.039 align:start position:0% you may go ahead and proceed and I think 00:28:52.039 --> 00:28:54.110 align:start position:0% you may go ahead and proceed and I think he's<00:28:52.240>previously <00:28:52.640>been <00:28:52.799>sworn <00:28:53.480>yes <00:28:53.799>okay <00:28:54.039>all 00:28:54.110 --> 00:28:54.120 align:start position:0% he's previously been sworn yes okay all 00:28:54.120 --> 00:28:56.750 align:start position:0% he's previously been sworn yes okay all right<00:28:54.480>we'll <00:28:54.600>show <00:28:54.919>that <00:28:55.919>go <00:28:56.039>ahead <00:28:56.480>all <00:28:56.600>right 00:28:56.750 --> 00:28:56.760 align:start position:0% right we'll show that go ahead all right 00:28:56.760 --> 00:28:58.110 align:start position:0% right we'll show that go ahead all right Mr<00:28:57.000>P <00:28:57.200>can <00:28:57.279>you <00:28:57.360>can <00:28:57.440>you <00:28:57.519>please <00:28:57.720>state <00:28:57.919>your 00:28:58.110 --> 00:28:58.120 align:start position:0% Mr P can you can you please state your 00:28:58.120 --> 00:29:00.310 align:start position:0% Mr P can you can you please state your name<00:28:58.399>and <00:28:58.600>how <00:28:58.720>you're <00:28:58.960>employed <00:28:59.799>uh <00:28:59.960>Morgan 00:29:00.310 --> 00:29:00.320 align:start position:0% name and how you're employed uh Morgan 00:29:00.320 --> 00:29:02.990 align:start position:0% name and how you're employed uh Morgan pton<00:29:00.679>geologist <00:29:01.200>for <00:29:01.360>kyrock <00:29:01.760>energy <00:29:02.600>and <00:29:02.760>is 00:29:02.990 --> 00:29:03.000 align:start position:0% pton geologist for kyrock energy and is 00:29:03.000 --> 00:29:05.389 align:start position:0% pton geologist for kyrock energy and is kyrock<00:29:03.399>energy <00:29:03.760>LLC <00:29:04.399>authorized <00:29:04.880>to <00:29:05.000>conduct 00:29:05.389 --> 00:29:05.399 align:start position:0% kyrock energy LLC authorized to conduct 00:29:05.399 --> 00:29:07.430 align:start position:0% kyrock energy LLC authorized to conduct business<00:29:05.679>in <00:29:05.799>the <00:29:05.960>Commonwealth <00:29:06.399>of <00:29:06.559>Virginia 00:29:07.430 --> 00:29:07.440 align:start position:0% business in the Commonwealth of Virginia 00:29:07.440 --> 00:29:09.990 align:start position:0% business in the Commonwealth of Virginia yes<00:29:08.440>and <00:29:08.600>is <00:29:08.720>there <00:29:08.880>a <00:29:09.000>bond <00:29:09.279>on <00:29:09.480>file <00:29:09.840>with 00:29:09.990 --> 00:29:10.000 align:start position:0% yes and is there a bond on file with 00:29:10.000 --> 00:29:11.950 align:start position:0% yes and is there a bond on file with this<00:29:10.240>department <00:29:11.000>concerning <00:29:11.480>KY <00:29:11.760>Rock 00:29:11.950 --> 00:29:11.960 align:start position:0% this department concerning KY Rock 00:29:11.960 --> 00:29:14.630 align:start position:0% this department concerning KY Rock Energy<00:29:12.840>yes <00:29:13.600>and <00:29:13.720>you're <00:29:13.919>familiar <00:29:14.320>with <00:29:14.440>the 00:29:14.630 --> 00:29:14.640 align:start position:0% Energy yes and you're familiar with the 00:29:14.640 --> 00:29:19.630 align:start position:0% Energy yes and you're familiar with the application<00:29:15.320>for <00:29:16.080>uh <00:29:16.200>unit <00:29:16.600>kyrock <00:29:17.519>m-26 <00:29:18.640>D1 00:29:19.630 --> 00:29:19.640 align:start position:0% application for uh unit kyrock m-26 D1 00:29:19.640 --> 00:29:22.549 align:start position:0% application for uh unit kyrock m-26 D1 yes<00:29:19.799>sir <00:29:20.679>and <00:29:21.080>this <00:29:21.200>is <00:29:21.360>for <00:29:21.519>a <00:29:21.600>CED <00:29:22.039>methane 00:29:22.549 --> 00:29:22.559 align:start position:0% yes sir and this is for a CED methane 00:29:22.559 --> 00:29:25.350 align:start position:0% yes sir and this is for a CED methane well<00:29:22.960>correct <00:29:23.720>yes <00:29:24.640>and <00:29:24.799>this <00:29:24.919>unit <00:29:25.200>is 00:29:25.350 --> 00:29:25.360 align:start position:0% well correct yes and this unit is 00:29:25.360 --> 00:29:27.990 align:start position:0% well correct yes and this unit is located<00:29:25.760>in <00:29:25.880>the <00:29:25.960>Norah <00:29:26.320>CED <00:29:26.799>gas <00:29:27.000>field 00:29:27.990 --> 00:29:28.000 align:start position:0% located in the Norah CED gas field 00:29:28.000 --> 00:29:30.070 align:start position:0% located in the Norah CED gas field yes<00:29:28.679>and <00:29:28.840>can <00:29:28.960>you <00:29:29.080>tell <00:29:29.279>the <00:29:29.360>board <00:29:29.640>how <00:29:29.760>many 00:29:30.070 --> 00:29:30.080 align:start position:0% yes and can you tell the board how many 00:29:30.080 --> 00:29:33.389 align:start position:0% yes and can you tell the board how many acres<00:29:30.480>it <00:29:30.640>contains <00:29:31.559>approximately <00:29:32.159>816 00:29:33.389 --> 00:29:33.399 align:start position:0% acres it contains approximately 816 00:29:33.399 --> 00:29:35.549 align:start position:0% acres it contains approximately 816 acres<00:29:34.399>and <00:29:34.600>can <00:29:34.720>you <00:29:34.840>tell <00:29:35.000>the <00:29:35.120>board <00:29:35.399>what 00:29:35.549 --> 00:29:35.559 align:start position:0% acres and can you tell the board what 00:29:35.559 --> 00:29:37.789 align:start position:0% acres and can you tell the board what kyrock<00:29:36.000>plans <00:29:36.279>to <00:29:36.440>do <00:29:36.840>if <00:29:37.039>this <00:29:37.240>petition <00:29:37.600>is 00:29:37.789 --> 00:29:37.799 align:start position:0% kyrock plans to do if this petition is 00:29:37.799 --> 00:29:40.070 align:start position:0% kyrock plans to do if this petition is granted<00:29:38.679>uh <00:29:38.799>we <00:29:38.919>will <00:29:39.039>drill <00:29:39.480>into <00:29:39.919>an 00:29:40.070 --> 00:29:40.080 align:start position:0% granted uh we will drill into an 00:29:40.080 --> 00:29:42.909 align:start position:0% granted uh we will drill into an abandoned<00:29:40.519>Gob <00:29:40.799>area <00:29:41.080>in <00:29:41.279>deep <00:29:41.519>mine <00:29:41.799>26 <00:29:42.799>uh 00:29:42.909 --> 00:29:42.919 align:start position:0% abandoned Gob area in deep mine 26 uh 00:29:42.919 --> 00:29:44.750 align:start position:0% abandoned Gob area in deep mine 26 uh for<00:29:43.080>the <00:29:43.200>purpose <00:29:43.600>of <00:29:43.760>flaring <00:29:44.279>gas <00:29:44.559>to 00:29:44.750 --> 00:29:44.760 align:start position:0% for the purpose of flaring gas to 00:29:44.760 --> 00:29:47.710 align:start position:0% for the purpose of flaring gas to generate<00:29:45.480>uh <00:29:45.640>environmental <00:29:46.440>credits <00:29:47.120>offset 00:29:47.710 --> 00:29:47.720 align:start position:0% generate uh environmental credits offset 00:29:47.720 --> 00:29:49.950 align:start position:0% generate uh environmental credits offset credits<00:29:48.720>and <00:29:48.880>this <00:29:49.080>seam <00:29:49.480>that <00:29:49.600>you'll <00:29:49.799>be 00:29:49.950 --> 00:29:49.960 align:start position:0% credits and this seam that you'll be 00:29:49.960 --> 00:29:51.430 align:start position:0% credits and this seam that you'll be drilling<00:29:50.360>into <00:29:50.679>can <00:29:50.760>you <00:29:50.880>tell <00:29:51.039>the <00:29:51.159>board 00:29:51.430 --> 00:29:51.440 align:start position:0% drilling into can you tell the board 00:29:51.440 --> 00:29:54.110 align:start position:0% drilling into can you tell the board what<00:29:51.559>seene <00:29:51.919>that <00:29:52.080>is <00:29:52.320>it's <00:29:52.440>the <00:29:52.559>lower <00:29:53.120>Banner 00:29:54.110 --> 00:29:54.120 align:start position:0% what seene that is it's the lower Banner 00:29:54.120 --> 00:29:56.230 align:start position:0% what seene that is it's the lower Banner all<00:29:54.279>right <00:29:54.760>and <00:29:55.120>has <00:29:55.279>KY <00:29:55.600>Rock <00:29:55.840>obtained 00:29:56.230 --> 00:29:56.240 align:start position:0% all right and has KY Rock obtained 00:29:56.240 --> 00:29:59.230 align:start position:0% all right and has KY Rock obtained leases<00:29:56.600>for <00:29:56.799>a <00:29:56.960>portion <00:29:57.440>of <00:29:57.640>this <00:29:57.799>unit <00:29:58.640>yes 00:29:59.230 --> 00:29:59.240 align:start position:0% leases for a portion of this unit yes 00:29:59.240 --> 00:30:02.549 align:start position:0% leases for a portion of this unit yes and<00:29:59.399>who <00:29:59.519>are <00:29:59.720>those <00:30:00.080>with <00:30:00.799>uh <00:30:01.320>intervest <00:30:02.320>and 00:30:02.549 --> 00:30:02.559 align:start position:0% and who are those with uh intervest and 00:30:02.559 --> 00:30:04.549 align:start position:0% and who are those with uh intervest and how<00:30:02.720>is <00:30:02.880>intervest <00:30:03.480>informed <00:30:03.840>of <00:30:04.039>this 00:30:04.549 --> 00:30:04.559 align:start position:0% how is intervest informed of this 00:30:04.559 --> 00:30:06.789 align:start position:0% how is intervest informed of this proceeding<00:30:05.559>certified 00:30:06.789 --> 00:30:06.799 align:start position:0% proceeding certified 00:30:06.799 --> 00:30:09.830 align:start position:0% proceeding certified mail<00:30:07.799>and <00:30:08.039>has <00:30:08.279>KY <00:30:08.600>Rock <00:30:08.880>provided <00:30:09.320>notice <00:30:09.679>of 00:30:09.830 --> 00:30:09.840 align:start position:0% mail and has KY Rock provided notice of 00:30:09.840 --> 00:30:12.909 align:start position:0% mail and has KY Rock provided notice of that<00:30:10.000>certified <00:30:10.480>mailing <00:30:11.440>uh <00:30:11.600>to <00:30:11.880>this <00:30:12.080>board 00:30:12.909 --> 00:30:12.919 align:start position:0% that certified mailing uh to this board 00:30:12.919 --> 00:30:16.149 align:start position:0% that certified mailing uh to this board yes<00:30:13.600>what <00:30:13.760>about <00:30:14.559>those <00:30:14.840>that <00:30:14.960>were <00:30:15.240>Unleased 00:30:16.149 --> 00:30:16.159 align:start position:0% yes what about those that were Unleased 00:30:16.159 --> 00:30:18.830 align:start position:0% yes what about those that were Unleased how<00:30:16.279>are <00:30:16.480>they <00:30:16.679>provided <00:30:17.120>noce <00:30:18.000>uh <00:30:18.279>notice <00:30:18.640>in 00:30:18.830 --> 00:30:18.840 align:start position:0% how are they provided noce uh notice in 00:30:18.840 --> 00:30:21.029 align:start position:0% how are they provided noce uh notice in Dickson<00:30:19.320>star <00:30:20.200>along <00:30:20.440>with <00:30:20.559>certified 00:30:21.029 --> 00:30:21.039 align:start position:0% Dickson star along with certified 00:30:21.039 --> 00:30:23.669 align:start position:0% Dickson star along with certified mailings<00:30:21.880>yes <00:30:22.440>all <00:30:22.600>right <00:30:23.279>and <00:30:23.480>what 00:30:23.669 --> 00:30:23.679 align:start position:0% mailings yes all right and what 00:30:23.679 --> 00:30:25.430 align:start position:0% mailings yes all right and what percentage<00:30:24.120>of <00:30:24.240>the <00:30:24.399>unit <00:30:24.720>does <00:30:24.960>KY <00:30:25.240>Rock 00:30:25.430 --> 00:30:25.440 align:start position:0% percentage of the unit does KY Rock 00:30:25.440 --> 00:30:27.389 align:start position:0% percentage of the unit does KY Rock Energy<00:30:25.880>currently <00:30:26.279>have <00:30:26.399>under <00:30:26.679>leas <00:30:27.000>as 00:30:27.389 --> 00:30:27.399 align:start position:0% Energy currently have under leas as 00:30:27.399 --> 00:30:30.870 align:start position:0% Energy currently have under leas as result<00:30:27.679>of <00:30:27.799>the <00:30:27.880>intervest <00:30:28.480>leases 00:30:30.870 --> 00:30:30.880 align:start position:0% result of the intervest leases 00:30:30.880 --> 00:30:33.470 align:start position:0% result of the intervest leases 79.7%<00:30:31.880>all <00:30:32.080>right <00:30:32.399>and <00:30:32.519>so <00:30:32.960>the <00:30:33.120>percentage 00:30:33.470 --> 00:30:33.480 align:start position:0% 79.7% all right and so the percentage 00:30:33.480 --> 00:30:35.110 align:start position:0% 79.7% all right and so the percentage that<00:30:33.640>KY <00:30:33.880>Rock <00:30:34.080>doesn't <00:30:34.360>have <00:30:34.480>under <00:30:34.720>leas <00:30:35.000>is 00:30:35.110 --> 00:30:35.120 align:start position:0% that KY Rock doesn't have under leas is 00:30:35.120 --> 00:30:38.750 align:start position:0% that KY Rock doesn't have under leas is at<00:30:35.519>20.23% <00:30:36.880>yes <00:30:37.880>and <00:30:38.000>do <00:30:38.080>you <00:30:38.200>know <00:30:38.480>the 00:30:38.750 --> 00:30:38.760 align:start position:0% at 20.23% yes and do you know the 00:30:38.760 --> 00:30:41.710 align:start position:0% at 20.23% yes and do you know the percentage<00:30:39.440>of <00:30:39.640>the <00:30:39.799>unknown <00:30:40.240>owners <00:30:41.080>about 00:30:41.710 --> 00:30:41.720 align:start position:0% percentage of the unknown owners about 00:30:41.720 --> 00:30:45.070 align:start position:0% percentage of the unknown owners about 37<00:30:42.720>all <00:30:43.039>right <00:30:44.039>and <00:30:44.240>what <00:30:44.440>percentage <00:30:44.840>of <00:30:44.960>the 00:30:45.070 --> 00:30:45.080 align:start position:0% 37 all right and what percentage of the 00:30:45.080 --> 00:30:48.590 align:start position:0% 37 all right and what percentage of the unit<00:30:45.320>are <00:30:45.440>you <00:30:45.519>seeking <00:30:45.840>to <00:30:45.960>pull <00:30:46.240>today <00:30:47.600>100% 00:30:48.590 --> 00:30:48.600 align:start position:0% unit are you seeking to pull today 100% 00:30:48.600 --> 00:30:50.310 align:start position:0% unit are you seeking to pull today 100% And<00:30:48.720>are <00:30:48.919>you <00:30:49.320>requesting <00:30:49.840>that <00:30:49.960>the <00:30:50.080>board 00:30:50.310 --> 00:30:50.320 align:start position:0% And are you requesting that the board 00:30:50.320 --> 00:30:51.870 align:start position:0% And are you requesting that the board pull<00:30:50.600>the <00:30:50.720>interest <00:30:51.039>of <00:30:51.159>all <00:30:51.360>the <00:30:51.519>parties 00:30:51.870 --> 00:30:51.880 align:start position:0% pull the interest of all the parties 00:30:51.880 --> 00:30:55.029 align:start position:0% pull the interest of all the parties listed<00:30:52.159>on <00:30:52.399>exhibit <00:30:52.799>B <00:30:53.679>yes <00:30:54.519>and <00:30:54.679>are <00:30:54.840>you 00:30:55.029 --> 00:30:55.039 align:start position:0% listed on exhibit B yes and are you 00:30:55.039 --> 00:30:56.590 align:start position:0% listed on exhibit B yes and are you requesting<00:30:55.519>that <00:30:55.639>the <00:30:55.760>board <00:30:56.039>establish <00:30:56.440>a 00:30:56.590 --> 00:30:56.600 align:start position:0% requesting that the board establish a 00:30:56.600 --> 00:30:58.950 align:start position:0% requesting that the board establish a procedure<00:30:57.279>all <00:30:57.440>parties <00:30:57.799>listed <00:30:58.639>uh <00:30:58.720>on 00:30:58.950 --> 00:30:58.960 align:start position:0% procedure all parties listed uh on 00:30:58.960 --> 00:31:01.269 align:start position:0% procedure all parties listed uh on exhibit<00:30:59.320>B3 <00:30:59.880>have <00:31:00.120>the <00:31:00.279>right <00:31:00.440>to <00:31:00.679>participate 00:31:01.269 --> 00:31:01.279 align:start position:0% exhibit B3 have the right to participate 00:31:01.279 --> 00:31:03.950 align:start position:0% exhibit B3 have the right to participate through<00:31:01.519>one <00:31:01.639>of <00:31:01.840>the <00:31:02.399>enumerated <00:31:03.120>options 00:31:03.950 --> 00:31:03.960 align:start position:0% through one of the enumerated options 00:31:03.960 --> 00:31:06.470 align:start position:0% through one of the enumerated options yes<00:31:04.960>and <00:31:05.279>what <00:31:05.440>lease <00:31:05.720>terms <00:31:06.080>are <00:31:06.240>you 00:31:06.470 --> 00:31:06.480 align:start position:0% yes and what lease terms are you 00:31:06.480 --> 00:31:08.990 align:start position:0% yes and what lease terms are you offering<00:31:07.000>these <00:31:07.320>Unleased <00:31:07.840>owners <00:31:08.720>those 00:31:08.990 --> 00:31:09.000 align:start position:0% offering these Unleased owners those 00:31:09.000 --> 00:31:11.070 align:start position:0% offering these Unleased owners those identical<00:31:09.399>to <00:31:09.519>intervest <00:31:10.159>12 <00:31:10.519>a <00:31:10.600>half% 00:31:11.070 --> 00:31:11.080 align:start position:0% identical to intervest 12 a half% 00:31:11.080 --> 00:31:13.470 align:start position:0% identical to intervest 12 a half% royalty<00:31:11.840>all <00:31:12.000>right <00:31:12.720>and <00:31:12.880>what <00:31:13.000>is <00:31:13.279>the 00:31:13.470 --> 00:31:13.480 align:start position:0% royalty all right and what is the 00:31:13.480 --> 00:31:17.789 align:start position:0% royalty all right and what is the proposed<00:31:14.000>depth <00:31:14.279>of <00:31:14.480>this <00:31:14.679>well <00:31:15.320>about <00:31:15.600>370 <00:31:16.799>ft 00:31:17.789 --> 00:31:17.799 align:start position:0% proposed depth of this well about 370 ft 00:31:17.799 --> 00:31:20.310 align:start position:0% proposed depth of this well about 370 ft do<00:31:17.919>you <00:31:18.159>have <00:31:18.360>an <00:31:18.559>estimate <00:31:19.000>on <00:31:19.159>the <00:31:19.360>reserves 00:31:20.310 --> 00:31:20.320 align:start position:0% do you have an estimate on the reserves 00:31:20.320 --> 00:31:24.789 align:start position:0% do you have an estimate on the reserves about<00:31:20.600>340 <00:31:21.480>mmcf <00:31:22.480>over <00:31:22.760>the <00:31:23.080>first <00:31:23.399>10 <00:31:23.799>years 00:31:24.789 --> 00:31:24.799 align:start position:0% about 340 mmcf over the first 10 years 00:31:24.799 --> 00:31:27.549 align:start position:0% about 340 mmcf over the first 10 years and<00:31:24.960>you're <00:31:25.200>familiar <00:31:25.840>with <00:31:26.159>the <00:31:26.799>uh 00:31:27.549 --> 00:31:27.559 align:start position:0% and you're familiar with the uh 00:31:27.559 --> 00:31:30.029 align:start position:0% and you're familiar with the uh projected<00:31:28.039>well <00:31:28.399>cost <00:31:28.760>is <00:31:28.919>that <00:31:29.159>correct <00:31:29.880>yes 00:31:30.029 --> 00:31:30.039 align:start position:0% projected well cost is that correct yes 00:31:30.039 --> 00:31:33.350 align:start position:0% projected well cost is that correct yes sir<00:31:30.679>and <00:31:30.799>did <00:31:31.000>you <00:31:31.720>uh <00:31:31.960>help <00:31:32.240>prepare <00:31:32.639>the <00:31:32.799>AF 00:31:33.350 --> 00:31:33.360 align:start position:0% sir and did you uh help prepare the AF 00:31:33.360 --> 00:31:36.149 align:start position:0% sir and did you uh help prepare the AF file<00:31:33.720>with <00:31:33.919>this <00:31:34.159>application <00:31:35.039>yes <00:31:35.880>and 00:31:36.149 --> 00:31:36.159 align:start position:0% file with this application yes and 00:31:36.159 --> 00:31:38.389 align:start position:0% file with this application yes and what's<00:31:36.639>what's <00:31:36.840>your <00:31:37.200>estimated <00:31:37.720>drrive <00:31:38.080>hole 00:31:38.389 --> 00:31:38.399 align:start position:0% what's what's your estimated drrive hole 00:31:38.399 --> 00:31:40.710 align:start position:0% what's what's your estimated drrive hole cost<00:31:39.080>approximately 00:31:40.710 --> 00:31:40.720 align:start position:0% cost approximately 00:31:40.720 --> 00:31:43.029 align:start position:0% cost approximately 155,000<00:31:41.720>and <00:31:41.880>are <00:31:42.039>you <00:31:42.200>asking <00:31:42.519>the <00:31:42.639>board <00:31:42.880>to 00:31:43.029 --> 00:31:43.039 align:start position:0% 155,000 and are you asking the board to 00:31:43.039 --> 00:31:45.149 align:start position:0% 155,000 and are you asking the board to create<00:31:43.360>a <00:31:43.440>sealed <00:31:43.919>Gob <00:31:44.159>drilling <00:31:44.559>unit <00:31:44.880>and <00:31:45.039>to 00:31:45.149 --> 00:31:45.159 align:start position:0% create a sealed Gob drilling unit and to 00:31:45.159 --> 00:31:48.509 align:start position:0% create a sealed Gob drilling unit and to pull<00:31:45.480>that <00:31:45.639>unit <00:31:46.639>yes <00:31:47.600>and <00:31:47.760>a <00:31:47.919>portion <00:31:48.240>of <00:31:48.360>that 00:31:48.509 --> 00:31:48.519 align:start position:0% pull that unit yes and a portion of that 00:31:48.519 --> 00:31:50.830 align:start position:0% pull that unit yes and a portion of that pooling<00:31:48.960>would <00:31:49.120>be <00:31:49.279>voluntary <00:31:50.200>yes <00:31:50.360>sir <00:31:50.679>those 00:31:50.830 --> 00:31:50.840 align:start position:0% pooling would be voluntary yes sir those 00:31:50.840 --> 00:31:53.430 align:start position:0% pooling would be voluntary yes sir those would<00:31:50.960>be <00:31:51.080>the <00:31:51.200>intervest <00:31:51.639>leases <00:31:52.559>yes <00:31:53.159>and <00:31:53.279>a 00:31:53.430 --> 00:31:53.440 align:start position:0% would be the intervest leases yes and a 00:31:53.440 --> 00:31:57.470 align:start position:0% would be the intervest leases yes and a portion<00:31:53.799>involuntary <00:31:54.880>yes <00:31:56.159>and <00:31:57.159>are <00:31:57.279>you 00:31:57.470 --> 00:31:57.480 align:start position:0% portion involuntary yes and are you 00:31:57.480 --> 00:31:59.470 align:start position:0% portion involuntary yes and are you asking<00:31:57.760>the <00:31:57.880>board <00:31:58.120>to <00:31:58.240>name <00:31:58.519>KY <00:31:58.799>rock <00:31:59.120>as <00:31:59.279>the 00:31:59.470 --> 00:31:59.480 align:start position:0% asking the board to name KY rock as the 00:31:59.480 --> 00:32:02.830 align:start position:0% asking the board to name KY rock as the operator<00:31:59.960>for <00:32:00.159>this <00:32:00.360>unit <00:32:01.240>yes <00:32:02.240>and <00:32:02.480>in <00:32:02.639>your 00:32:02.830 --> 00:32:02.840 align:start position:0% operator for this unit yes and in your 00:32:02.840 --> 00:32:04.389 align:start position:0% operator for this unit yes and in your opinion<00:32:03.240>if <00:32:03.399>the <00:32:03.480>board <00:32:03.679>were <00:32:03.840>to <00:32:03.960>Grant <00:32:04.200>your 00:32:04.389 --> 00:32:04.399 align:start position:0% opinion if the board were to Grant your 00:32:04.399 --> 00:32:06.470 align:start position:0% opinion if the board were to Grant your application<00:32:04.880>today <00:32:05.360>would <00:32:05.519>it <00:32:05.679>prevent <00:32:06.039>waste 00:32:06.470 --> 00:32:06.480 align:start position:0% application today would it prevent waste 00:32:06.480 --> 00:32:08.110 align:start position:0% application today would it prevent waste promote<00:32:06.919>conservation <00:32:07.600>and <00:32:07.799>protect 00:32:08.110 --> 00:32:08.120 align:start position:0% promote conservation and protect 00:32:08.120 --> 00:32:10.950 align:start position:0% promote conservation and protect correlative<00:32:08.799>rights <00:32:09.399>yes <00:32:09.600>sir <00:32:10.559>that <00:32:10.639>would <00:32:10.799>be 00:32:10.950 --> 00:32:10.960 align:start position:0% correlative rights yes sir that would be 00:32:10.960 --> 00:32:12.669 align:start position:0% correlative rights yes sir that would be our<00:32:11.279>evidence <00:32:11.760>Mr 00:32:12.669 --> 00:32:12.679 align:start position:0% our evidence Mr 00:32:12.679 --> 00:32:19.230 align:start position:0% our evidence Mr chair<00:32:13.679>okay <00:32:14.360>uh <00:32:15.000>question <00:32:15.559>from <00:32:15.880>board 00:32:19.230 --> 00:32:19.240 align:start position:0% 00:32:19.240 --> 00:32:21.029 align:start position:0% members<00:32:20.240>just <00:32:20.399>one <00:32:20.519>question <00:32:20.720>I <00:32:20.840>probably 00:32:21.029 --> 00:32:21.039 align:start position:0% members just one question I probably 00:32:21.039 --> 00:32:22.389 align:start position:0% members just one question I probably should<00:32:21.159>have <00:32:21.279>asked <00:32:21.440>it <00:32:21.559>on <00:32:21.799>the <00:32:22.039>the <00:32:22.159>first 00:32:22.389 --> 00:32:22.399 align:start position:0% should have asked it on the the first 00:32:22.399 --> 00:32:24.590 align:start position:0% should have asked it on the the first one<00:32:22.600>these <00:32:22.760>you <00:32:22.880>her <00:32:23.679>the <00:32:24.000>uh <00:32:24.279>my 00:32:24.590 --> 00:32:24.600 align:start position:0% one these you her the uh my 00:32:24.600 --> 00:32:26.669 align:start position:0% one these you her the uh my understanding<00:32:24.919>that <00:32:25.360>this <00:32:25.519>board <00:32:25.880>had <00:32:26.080>asked 00:32:26.669 --> 00:32:26.679 align:start position:0% understanding that this board had asked 00:32:26.679 --> 00:32:30.110 align:start position:0% understanding that this board had asked KCK<00:32:27.200>to <00:32:27.600>proceed <00:32:28.080>with <00:32:29.080>the <00:32:29.480>an <00:32:29.679>application 00:32:30.110 --> 00:32:30.120 align:start position:0% KCK to proceed with the an application 00:32:30.120 --> 00:32:32.789 align:start position:0% KCK to proceed with the an application and<00:32:30.320>permitting <00:32:30.799>for <00:32:31.159>the <00:32:31.480>existing <00:32:32.440>project 00:32:32.789 --> 00:32:32.799 align:start position:0% and permitting for the existing project 00:32:32.799 --> 00:32:34.990 align:start position:0% and permitting for the existing project that<00:32:32.919>they <00:32:33.039>have <00:32:33.200>on <00:32:33.360>the <00:32:33.480>Deep <00:32:33.720>mine <00:32:33.960>26 <00:32:34.480>area 00:32:34.990 --> 00:32:35.000 align:start position:0% that they have on the Deep mine 26 area 00:32:35.000 --> 00:32:37.190 align:start position:0% that they have on the Deep mine 26 area yes<00:32:35.159>sir <00:32:35.320>you <00:32:35.440>give <00:32:35.519>us <00:32:35.600>an <00:32:35.760>update <00:32:36.120>on <00:32:36.360>that <00:32:37.039>on 00:32:37.190 --> 00:32:37.200 align:start position:0% yes sir you give us an update on that on 00:32:37.200 --> 00:32:40.509 align:start position:0% yes sir you give us an update on that on that<00:32:37.559>status <00:32:37.880>of <00:32:38.320>that <00:32:39.320>skipped <00:32:39.639>over <00:32:40.320>doing 00:32:40.509 --> 00:32:40.519 align:start position:0% that status of that skipped over doing 00:32:40.519 --> 00:32:42.310 align:start position:0% that status of that skipped over doing some<00:32:40.639>new <00:32:40.799>ones <00:32:41.080>without <00:32:41.320>doing <00:32:41.600>that <00:32:41.720>one <00:32:42.080>if 00:32:42.310 --> 00:32:42.320 align:start position:0% some new ones without doing that one if 00:32:42.320 --> 00:32:44.110 align:start position:0% some new ones without doing that one if if<00:32:42.480>we <00:32:42.639>could <00:32:42.880>could <00:32:43.080>we <00:32:43.200>defer <00:32:43.559>that <00:32:43.760>until 00:32:44.110 --> 00:32:44.120 align:start position:0% if we could could we defer that until 00:32:44.120 --> 00:32:46.070 align:start position:0% if we could could we defer that until after<00:32:44.399>we <00:32:44.559>have <00:32:44.880>questions <00:32:45.279>of <00:32:45.480>the <00:32:45.600>board <00:32:45.880>on 00:32:46.070 --> 00:32:46.080 align:start position:0% after we have questions of the board on 00:32:46.080 --> 00:32:48.110 align:start position:0% after we have questions of the board on how<00:32:46.200>to <00:32:46.399>proceed <00:32:47.240>uh <00:32:47.360>with <00:32:47.519>that <00:32:47.679>matter <00:32:47.919>if <00:32:48.039>we 00:32:48.110 --> 00:32:48.120 align:start position:0% how to proceed uh with that matter if we 00:32:48.120 --> 00:32:49.629 align:start position:0% how to proceed uh with that matter if we could<00:32:48.279>defer <00:32:48.639>that <00:32:48.840>until <00:32:49.159>after <00:32:49.440>this 00:32:49.629 --> 00:32:49.639 align:start position:0% could defer that until after this 00:32:49.639 --> 00:32:55.710 align:start position:0% could defer that until after this particular<00:32:50.159>application <00:32:51.159>sure <00:32:51.440>that's <00:32:51.600>no 00:32:55.710 --> 00:32:55.720 align:start position:0% 00:32:55.720 --> 00:33:01.710 align:start position:0% problem<00:32:56.720>okay <00:32:57.080>any <00:32:57.320>other 00:33:01.710 --> 00:33:01.720 align:start position:0% 00:33:01.720 --> 00:33:03.789 align:start position:0% questions<00:33:02.720>oh <00:33:02.919>one <00:33:03.039>other <00:33:03.200>one <00:33:03.320>I <00:33:03.399>noticed 00:33:03.789 --> 00:33:03.799 align:start position:0% questions oh one other one I noticed 00:33:03.799 --> 00:33:08.629 align:start position:0% questions oh one other one I noticed here<00:33:04.600>on <00:33:05.240>um <00:33:06.240>your <00:33:06.519>exhibit <00:33:06.919>B <00:33:07.120>and <00:33:07.200>your <00:33:07.639>B3 00:33:08.629 --> 00:33:08.639 align:start position:0% here on um your exhibit B and your B3 00:33:08.639 --> 00:33:12.549 align:start position:0% here on um your exhibit B and your B3 track<00:33:09.200>20 <00:33:10.200>you <00:33:10.399>identify <00:33:10.960>the <00:33:11.039>Brinks <00:33:11.559>company 00:33:12.549 --> 00:33:12.559 align:start position:0% track 20 you identify the Brinks company 00:33:12.559 --> 00:33:13.870 align:start position:0% track 20 you identify the Brinks company but<00:33:12.679>you <00:33:12.799>don't <00:33:12.919>have <00:33:13.080>a <00:33:13.200>designation <00:33:13.720>that 00:33:13.870 --> 00:33:13.880 align:start position:0% but you don't have a designation that 00:33:13.880 --> 00:33:15.669 align:start position:0% but you don't have a designation that they<00:33:14.000>are <00:33:14.159>the <00:33:14.279>gas <00:33:14.480>owner <00:33:14.799>are <00:33:15.000>they <00:33:15.360>are <00:33:15.519>they 00:33:15.669 --> 00:33:15.679 align:start position:0% they are the gas owner are they are they 00:33:15.679 --> 00:33:18.029 align:start position:0% they are the gas owner are they are they the<00:33:15.880>gas <00:33:16.039>owner <00:33:16.399>or <00:33:16.519>is <00:33:16.679>there <00:33:16.840>some <00:33:17.600>conflict 00:33:18.029 --> 00:33:18.039 align:start position:0% the gas owner or is there some conflict 00:33:18.039 --> 00:33:20.029 align:start position:0% the gas owner or is there some conflict going<00:33:18.200>on <00:33:18.480>on <00:33:18.679>that <00:33:18.799>one <00:33:19.240>all <00:33:19.399>the <00:33:19.519>other <00:33:19.880>all 00:33:20.029 --> 00:33:20.039 align:start position:0% going on on that one all the other all 00:33:20.039 --> 00:33:21.629 align:start position:0% going on on that one all the other all the<00:33:20.120>other <00:33:20.279>tracks <00:33:20.679>identified <00:33:21.159>with <00:33:21.279>the <00:33:21.440>gas 00:33:21.629 --> 00:33:21.639 align:start position:0% the other tracks identified with the gas 00:33:21.639 --> 00:33:24.629 align:start position:0% the other tracks identified with the gas owner<00:33:22.440>they <00:33:22.559>are <00:33:22.720>the <00:33:22.880>gas <00:33:23.080>owner <00:33:23.600>Mr <00:33:23.840>Janson 00:33:24.629 --> 00:33:24.639 align:start position:0% owner they are the gas owner Mr Janson 00:33:24.639 --> 00:33:25.549 align:start position:0% owner they are the gas owner Mr Janson is<00:33:24.760>that <00:33:24.880>something <00:33:25.080>we <00:33:25.200>need <00:33:25.320>to <00:33:25.399>have 00:33:25.549 --> 00:33:25.559 align:start position:0% is that something we need to have 00:33:25.559 --> 00:33:27.389 align:start position:0% is that something we need to have corrected<00:33:25.919>on <00:33:26.120>there <00:33:26.440>Sarah <00:33:26.840>that <00:33:27.120>are <00:33:27.279>the 00:33:27.389 --> 00:33:27.399 align:start position:0% corrected on there Sarah that are the 00:33:27.399 --> 00:33:28.590 align:start position:0% corrected on there Sarah that are the gas 00:33:28.590 --> 00:33:28.600 align:start position:0% gas 00:33:28.600 --> 00:33:33.950 align:start position:0% gas owner<00:33:29.600>yes <00:33:29.760>I <00:33:29.919>work <00:33:30.159>with <00:33:30.840>Mr <00:33:31.840>M <00:33:32.279>on <00:33:32.960>that 00:33:33.950 --> 00:33:33.960 align:start position:0% owner yes I work with Mr M on that 00:33:33.960 --> 00:33:37.710 align:start position:0% owner yes I work with Mr M on that excuse<00:33:34.279>me <00:33:34.440>where <00:33:34.559>was <00:33:34.720>that <00:33:35.360>on <00:33:35.639>page <00:33:36.200>20 <00:33:37.200>and 00:33:37.710 --> 00:33:37.720 align:start position:0% excuse me where was that on page 20 and 00:33:37.720 --> 00:33:41.590 align:start position:0% excuse me where was that on page 20 and again<00:33:38.440>track 00:33:41.590 --> 00:33:41.600 align:start position:0% 00:33:41.600 --> 00:33:47.029 align:start position:0% three<00:33:42.600>so <00:33:42.919>big 00:33:47.029 --> 00:33:47.039 align:start position:0% 00:33:47.039 --> 00:33:50.950 align:start position:0% one<00:33:48.039>get <00:33:48.200>the 00:33:50.950 --> 00:33:50.960 align:start position:0% 00:33:50.960 --> 00:33:55.830 align:start position:0% PTF<00:33:52.159>here <00:33:53.159>oh <00:33:53.320>the <00:33:53.399>Brinks <00:33:54.080>okay <00:33:54.679>yeah <00:33:55.159>not <00:33:55.720>it 00:33:55.830 --> 00:33:55.840 align:start position:0% PTF here oh the Brinks okay yeah not it 00:33:55.840 --> 00:34:00.750 align:start position:0% PTF here oh the Brinks okay yeah not it doesn't<00:33:56.039>say <00:33:56.399>yeah <00:33:56.799>okay 00:34:00.750 --> 00:34:00.760 align:start position:0% 00:34:00.760 --> 00:34:07.869 align:start position:0% okay 00:34:07.869 --> 00:34:07.879 align:start position:0% 00:34:07.879 --> 00:34:10.230 align:start position:0% okay<00:34:08.879>they <00:34:09.040>would 00:34:10.230 --> 00:34:10.240 align:start position:0% okay they would 00:34:10.240 --> 00:34:20.790 align:start position:0% okay they would be<00:34:11.240>okay <00:34:12.119>any <00:34:12.320>further <00:34:12.679>questions <00:34:13.240>from <00:34:13.440>the 00:34:20.790 --> 00:34:20.800 align:start position:0% 00:34:20.800 --> 00:34:26.470 align:start position:0% board<00:34:21.800>anything <00:34:22.159>else <00:34:22.960>no <00:34:23.159>sir <00:34:24.320>okay <00:34:25.320>uh <00:34:25.720>the 00:34:26.470 --> 00:34:26.480 align:start position:0% board anything else no sir okay uh the 00:34:26.480 --> 00:34:28.629 align:start position:0% board anything else no sir okay uh the order<00:34:27.040>entertain <00:34:27.359>a <00:34:27.480>motion <00:34:27.879>relative <00:34:28.320>to 00:34:28.629 --> 00:34:28.639 align:start position:0% order entertain a motion relative to 00:34:28.639 --> 00:34:33.629 align:start position:0% order entertain a motion relative to this 00:34:33.629 --> 00:34:33.639 align:start position:0% 00:34:33.639 --> 00:34:37.349 align:start position:0% petition<00:34:34.639>second <00:34:35.599>okay <00:34:36.520>uh 00:34:37.349 --> 00:34:37.359 align:start position:0% petition second okay uh 00:34:37.359 --> 00:34:40.710 align:start position:0% petition second okay uh any<00:34:38.359>further <00:34:38.760>discussion <00:34:39.240>before <00:34:39.599>we 00:34:40.710 --> 00:34:40.720 align:start position:0% any further discussion before we 00:34:40.720 --> 00:34:45.510 align:start position:0% any further discussion before we vote<00:34:41.720>okay <00:34:42.000>the <00:34:42.280>motion <00:34:42.599>is <00:34:42.919>for <00:34:43.440>approval <00:34:44.520>uh 00:34:45.510 --> 00:34:45.520 align:start position:0% vote okay the motion is for approval uh 00:34:45.520 --> 00:34:51.230 align:start position:0% vote okay the motion is for approval uh uh<00:34:45.919>would <00:34:46.240>you <00:34:47.240>care <00:34:47.480>to <00:34:48.399>P <00:34:48.720>the <00:34:48.839>board <00:34:49.839>M <00:34:50.839>yes 00:34:51.230 --> 00:34:51.240 align:start position:0% uh would you care to P the board M yes 00:34:51.240 --> 00:34:55.430 align:start position:0% uh would you care to P the board M yes Mrs<00:34:51.520>Sarat <00:34:52.399>yes <00:34:52.679>Mr <00:34:53.040>Harris <00:34:53.800>yes <00:34:54.280>Mr <00:34:54.599>Jameson 00:34:55.430 --> 00:34:55.440 align:start position:0% Mrs Sarat yes Mr Harris yes Mr Jameson 00:34:55.440 --> 00:34:59.190 align:start position:0% Mrs Sarat yes Mr Harris yes Mr Jameson yes<00:34:55.960>Mr <00:34:56.320>Cochran <00:34:57.280>yes <00:34:58.079>Mr 00:34:59.190 --> 00:34:59.200 align:start position:0% yes Mr Cochran yes Mr 00:34:59.200 --> 00:35:05.190 align:start position:0% yes Mr Cochran yes Mr prer<00:35:00.200>yes <00:35:01.119>and <00:35:01.359>Mr <00:35:01.960>atler 00:35:05.190 --> 00:35:05.200 align:start position:0% 00:35:05.200 --> 00:35:08.950 align:start position:0% Iain<00:35:06.200>okay <00:35:06.839>that <00:35:07.320>uh <00:35:07.560>motion <00:35:08.000>passed <00:35:08.440>so <00:35:08.760>that 00:35:08.950 --> 00:35:08.960 align:start position:0% Iain okay that uh motion passed so that 00:35:08.960 --> 00:35:10.550 align:start position:0% Iain okay that uh motion passed so that petition<00:35:09.520>has <00:35:09.720>been 00:35:10.550 --> 00:35:10.560 align:start position:0% petition has been 00:35:10.560 --> 00:35:13.710 align:start position:0% petition has been approved<00:35:11.560>thank <00:35:11.720>you <00:35:12.359>thank <00:35:12.520>you <00:35:12.920>Mr <00:35:13.119>chance <00:35:13.440>I 00:35:13.710 --> 00:35:13.720 align:start position:0% approved thank you thank you Mr chance I 00:35:13.720 --> 00:35:15.069 align:start position:0% approved thank you thank you Mr chance I understand<00:35:13.800>you <00:35:13.920>have <00:35:14.119>questions <00:35:14.520>about <00:35:14.920>the 00:35:15.069 --> 00:35:15.079 align:start position:0% understand you have questions about the 00:35:15.079 --> 00:35:17.950 align:start position:0% understand you have questions about the the<00:35:15.240>previous <00:35:15.680>existing <00:35:16.160>we <00:35:17.160>as <00:35:17.440>and <00:35:17.599>we <00:35:17.760>have 00:35:17.950 --> 00:35:17.960 align:start position:0% the previous existing we as and we have 00:35:17.960 --> 00:35:20.349 align:start position:0% the previous existing we as and we have talked<00:35:18.280>to <00:35:18.599>to <00:35:18.839>staff <00:35:19.240>as <00:35:19.400>far <00:35:19.599>as <00:35:20.079>uh <00:35:20.200>the 00:35:20.349 --> 00:35:20.359 align:start position:0% talked to to staff as far as uh the 00:35:20.359 --> 00:35:22.030 align:start position:0% talked to to staff as far as uh the petition<00:35:20.720>that <00:35:21.079>we <00:35:21.240>would <00:35:21.400>bring <00:35:21.599>in <00:35:21.760>front <00:35:21.920>of 00:35:22.030 --> 00:35:22.040 align:start position:0% petition that we would bring in front of 00:35:22.040 --> 00:35:24.310 align:start position:0% petition that we would bring in front of the<00:35:22.119>board <00:35:22.480>it's <00:35:22.640>going <00:35:22.839>to <00:35:22.960>be <00:35:23.240>an <00:35:23.440>unusual 00:35:24.310 --> 00:35:24.320 align:start position:0% the board it's going to be an unusual 00:35:24.320 --> 00:35:27.190 align:start position:0% the board it's going to be an unusual petition<00:35:25.320>and <00:35:25.440>I'll <00:35:25.640>give <00:35:25.760>you <00:35:25.839>an <00:35:26.040>example <00:35:27.040>uh 00:35:27.190 --> 00:35:27.200 align:start position:0% petition and I'll give you an example uh 00:35:27.200 --> 00:35:29.310 align:start position:0% petition and I'll give you an example uh there's<00:35:27.480>actually <00:35:27.760>not <00:35:27.960>going <00:35:28.119>to <00:35:28.280>be <00:35:28.760>a <00:35:28.960>well 00:35:29.310 --> 00:35:29.320 align:start position:0% there's actually not going to be a well 00:35:29.320 --> 00:35:32.430 align:start position:0% there's actually not going to be a well boring<00:35:30.320>uh <00:35:30.480>Mr <00:35:30.760>P <00:35:31.040>can <00:35:31.240>describe <00:35:32.079>uh <00:35:32.200>more 00:35:32.430 --> 00:35:32.440 align:start position:0% boring uh Mr P can describe uh more 00:35:32.440 --> 00:35:34.349 align:start position:0% boring uh Mr P can describe uh more accurately<00:35:32.880>than <00:35:33.000>I <00:35:33.200>can <00:35:33.480>of <00:35:33.800>the <00:35:34.200>the 00:35:34.349 --> 00:35:34.359 align:start position:0% accurately than I can of the the 00:35:34.359 --> 00:35:35.870 align:start position:0% accurately than I can of the the physical<00:35:34.760>nature <00:35:35.079>but <00:35:35.160>it's <00:35:35.320>essentially <00:35:35.720>a 00:35:35.870 --> 00:35:35.880 align:start position:0% physical nature but it's essentially a 00:35:35.880 --> 00:35:39.150 align:start position:0% physical nature but it's essentially a pipe<00:35:36.280>coming <00:35:36.520>out <00:35:36.680>of <00:35:37.440>the <00:35:38.440>coming <00:35:38.680>out 00:35:39.150 --> 00:35:39.160 align:start position:0% pipe coming out of the coming out 00:35:39.160 --> 00:35:41.510 align:start position:0% pipe coming out of the coming out understand<00:35:39.599>it's <00:35:39.880>the <00:35:40.119>old <00:35:40.359>Air <00:35:40.640>sh <00:35:41.200>okay <00:35:41.400>with 00:35:41.510 --> 00:35:41.520 align:start position:0% understand it's the old Air sh okay with 00:35:41.520 --> 00:35:44.349 align:start position:0% understand it's the old Air sh okay with the<00:35:41.720>mind <00:35:42.280>it's <00:35:42.480>the <00:35:42.599>actual <00:35:42.960>mine <00:35:43.320>slope <00:35:44.079>yeah 00:35:44.349 --> 00:35:44.359 align:start position:0% the mind it's the actual mine slope yeah 00:35:44.359 --> 00:35:47.430 align:start position:0% the mind it's the actual mine slope yeah and<00:35:44.440>so <00:35:44.720>they <00:35:45.720>put <00:35:45.920>two <00:35:46.320>PVC <00:35:46.920>pipes <00:35:47.160>in <00:35:47.320>the 00:35:47.430 --> 00:35:47.440 align:start position:0% and so they put two PVC pipes in the 00:35:47.440 --> 00:35:49.349 align:start position:0% and so they put two PVC pipes in the slope<00:35:47.800>one <00:35:47.920>on <00:35:48.119>the <00:35:48.320>the <00:35:48.400>slope <00:35:48.760>bottom <00:35:49.079>one <00:35:49.200>on 00:35:49.349 --> 00:35:49.359 align:start position:0% slope one on the the slope bottom one on 00:35:49.359 --> 00:35:51.750 align:start position:0% slope one on the the slope bottom one on the<00:35:49.520>top <00:35:49.839>and <00:35:49.960>then <00:35:50.160>they <00:35:50.960>stack <00:35:51.400>concrete 00:35:51.750 --> 00:35:51.760 align:start position:0% the top and then they stack concrete 00:35:51.760 --> 00:35:53.950 align:start position:0% the top and then they stack concrete blocks<00:35:52.040>in <00:35:52.160>front <00:35:52.319>of <00:35:52.400>it <00:35:52.480>and <00:35:52.560>then <00:35:52.720>push <00:35:52.960>dirt 00:35:53.950 --> 00:35:53.960 align:start position:0% blocks in front of it and then push dirt 00:35:53.960 --> 00:35:57.390 align:start position:0% blocks in front of it and then push dirt off<00:35:54.960>we <00:35:55.200>are <00:35:55.440>pulling <00:35:55.880>gas <00:35:56.280>from <00:35:56.480>the <00:35:56.839>the <00:35:56.920>PVC 00:35:57.390 --> 00:35:57.400 align:start position:0% off we are pulling gas from the the PVC 00:35:57.400 --> 00:35:58.990 align:start position:0% off we are pulling gas from the the PVC pipe<00:35:57.680>that's <00:35:57.839>coming <00:35:58.079>out <00:35:58.200>of <00:35:58.319>the <00:35:58.560>top <00:35:58.760>of <00:35:58.880>the 00:35:58.990 --> 00:35:59.000 align:start position:0% pipe that's coming out of the top of the 00:35:59.000 --> 00:36:02.510 align:start position:0% pipe that's coming out of the top of the Mind<00:35:59.359>slope <00:36:00.200>okay <00:36:00.640>um <00:36:01.280>so <00:36:01.520>there's <00:36:02.040>there's <00:36:02.240>no 00:36:02.510 --> 00:36:02.520 align:start position:0% Mind slope okay um so there's there's no 00:36:02.520 --> 00:36:06.790 align:start position:0% Mind slope okay um so there's there's no AF<00:36:03.599>involved <00:36:04.599>um <00:36:05.119>with <00:36:05.359>this <00:36:05.680>so <00:36:06.319>it <00:36:06.440>will <00:36:06.560>be <00:36:06.720>a 00:36:06.790 --> 00:36:06.800 align:start position:0% AF involved um with this so it will be a 00:36:06.800 --> 00:36:08.390 align:start position:0% AF involved um with this so it will be a little<00:36:07.000>bit <00:36:07.160>unusual <00:36:07.680>we'll <00:36:07.880>also <00:36:08.119>have <00:36:08.240>to 00:36:08.390 --> 00:36:08.400 align:start position:0% little bit unusual we'll also have to 00:36:08.400 --> 00:36:11.630 align:start position:0% little bit unusual we'll also have to take<00:36:08.720>care <00:36:09.160>with <00:36:09.839>uh <00:36:10.119>our <00:36:10.400>facts <00:36:11.119>uh <00:36:11.280>because 00:36:11.630 --> 00:36:11.640 align:start position:0% take care with uh our facts uh because 00:36:11.640 --> 00:36:13.870 align:start position:0% take care with uh our facts uh because of<00:36:11.960>the <00:36:12.520>there <00:36:12.680>was <00:36:12.880>correspondence <00:36:13.599>between 00:36:13.870 --> 00:36:13.880 align:start position:0% of the there was correspondence between 00:36:13.880 --> 00:36:16.990 align:start position:0% of the there was correspondence between tck<00:36:14.520>and <00:36:14.720>and <00:36:14.839>Mr <00:36:15.040>Lambert <00:36:15.440>who <00:36:15.560>was <00:36:15.640>a <00:36:16.000>former 00:36:16.990 --> 00:36:17.000 align:start position:0% tck and and Mr Lambert who was a former 00:36:17.000 --> 00:36:20.309 align:start position:0% tck and and Mr Lambert who was a former um<00:36:17.560>uh <00:36:18.119>director <00:36:18.680>here <00:36:19.599>uh <00:36:19.760>and <00:36:19.880>we'll <00:36:20.160>we'll 00:36:20.309 --> 00:36:20.319 align:start position:0% um uh director here uh and we'll we'll 00:36:20.319 --> 00:36:23.309 align:start position:0% um uh director here uh and we'll we'll try<00:36:20.480>to <00:36:20.599>set <00:36:20.839>all <00:36:21.119>that <00:36:21.359>out <00:36:22.240>uh <00:36:22.560>in <00:36:22.800>the <00:36:22.960>in <00:36:23.079>our 00:36:23.309 --> 00:36:23.319 align:start position:0% try to set all that out uh in the in our 00:36:23.319 --> 00:36:25.230 align:start position:0% try to set all that out uh in the in our petition<00:36:24.200>uh <00:36:24.280>we <00:36:24.680>understand <00:36:24.839>there's <00:36:25.079>not 00:36:25.230 --> 00:36:25.240 align:start position:0% petition uh we understand there's not 00:36:25.240 --> 00:36:27.030 align:start position:0% petition uh we understand there's not going<00:36:25.359>to <00:36:25.480>be <00:36:25.800>a <00:36:25.920>meeting <00:36:26.240>in <00:36:26.359>March <00:36:26.800>but <00:36:26.920>it's 00:36:27.030 --> 00:36:27.040 align:start position:0% going to be a meeting in March but it's 00:36:27.040 --> 00:36:29.630 align:start position:0% going to be a meeting in March but it's our<00:36:27.240>hope <00:36:27.520>that <00:36:27.640>we <00:36:27.839>have <00:36:28.079>that <00:36:28.720>submitted <00:36:29.560>uh 00:36:29.630 --> 00:36:29.640 align:start position:0% our hope that we have that submitted uh 00:36:29.640 --> 00:36:32.670 align:start position:0% our hope that we have that submitted uh for<00:36:29.839>your <00:36:30.440>uh <00:36:30.599>consideration <00:36:31.160>in <00:36:31.560>April <00:36:32.560>we 00:36:32.670 --> 00:36:32.680 align:start position:0% for your uh consideration in April we 00:36:32.680 --> 00:36:34.109 align:start position:0% for your uh consideration in April we have<00:36:32.839>all <00:36:33.000>of <00:36:33.079>the <00:36:33.240>title <00:36:33.520>finished <00:36:33.880>and <00:36:34.000>all 00:36:34.109 --> 00:36:34.119 align:start position:0% have all of the title finished and all 00:36:34.119 --> 00:36:36.230 align:start position:0% have all of the title finished and all of<00:36:34.240>the <00:36:34.359>mapping <00:36:34.839>finished 00:36:36.230 --> 00:36:36.240 align:start position:0% of the mapping finished 00:36:36.240 --> 00:36:40.230 align:start position:0% of the mapping finished um<00:36:37.240>we <00:36:37.400>were <00:36:37.680>asked <00:36:37.960>a <00:36:38.079>few <00:36:38.680>questions <00:36:39.680>um <00:36:40.000>for 00:36:40.230 --> 00:36:40.240 align:start position:0% um we were asked a few questions um for 00:36:40.240 --> 00:36:42.710 align:start position:0% um we were asked a few questions um for example<00:36:41.240>uh <00:36:41.520>how <00:36:41.640>would <00:36:41.800>we <00:36:41.960>address <00:36:42.280>the <00:36:42.440>back 00:36:42.710 --> 00:36:42.720 align:start position:0% example uh how would we address the back 00:36:42.720 --> 00:36:45.829 align:start position:0% example uh how would we address the back payment<00:36:42.960>of <00:36:43.400>royalty <00:36:44.400>um <00:36:44.839>and <00:36:44.960>so <00:36:45.359>we're 00:36:45.829 --> 00:36:45.839 align:start position:0% payment of royalty um and so we're 00:36:45.839 --> 00:36:47.430 align:start position:0% payment of royalty um and so we're trying<00:36:46.160>to <00:36:46.280>get <00:36:46.440>all <00:36:46.560>that <00:36:46.680>squared <00:36:47.119>away 00:36:47.430 --> 00:36:47.440 align:start position:0% trying to get all that squared away 00:36:47.440 --> 00:36:49.910 align:start position:0% trying to get all that squared away prior<00:36:47.720>to <00:36:48.560>putting <00:36:48.880>that <00:36:49.000>in <00:36:49.079>front <00:36:49.280>of <00:36:49.400>you 00:36:49.910 --> 00:36:49.920 align:start position:0% prior to putting that in front of you 00:36:49.920 --> 00:36:51.150 align:start position:0% prior to putting that in front of you okay<00:36:50.200>no 00:36:51.150 --> 00:36:51.160 align:start position:0% okay no 00:36:51.160 --> 00:36:55.790 align:start position:0% okay no problem<00:36:52.160>this <00:36:52.319>is <00:36:52.480>a <00:36:52.720>c <00:36:53.079>a <00:36:53.240>CBM <00:36:53.760>whe <00:36:54.640>right <00:36:55.640>it 00:36:55.790 --> 00:36:55.800 align:start position:0% problem this is a c a CBM whe right it 00:36:55.800 --> 00:36:58.150 align:start position:0% problem this is a c a CBM whe right it it<00:36:55.880>won't <00:36:56.160>actually <00:36:56.400>be <00:36:56.720>a <00:36:56.839>whale <00:36:57.359>per <00:36:57.560>se <00:36:57.960>but 00:36:58.150 --> 00:36:58.160 align:start position:0% it won't actually be a whale per se but 00:36:58.160 --> 00:37:01.109 align:start position:0% it won't actually be a whale per se but it<00:36:58.480>it <00:36:59.280>yes <00:36:59.480>ma'am <00:36:59.720>it's <00:36:59.880>go 00:37:01.109 --> 00:37:01.119 align:start position:0% it it yes ma'am it's go 00:37:01.119 --> 00:37:04.630 align:start position:0% it it yes ma'am it's go May<00:37:02.119>yes 00:37:04.630 --> 00:37:04.640 align:start position:0% 00:37:04.640 --> 00:37:06.750 align:start position:0% ma'am<00:37:05.640>and <00:37:05.760>we <00:37:05.839>just <00:37:05.960>want <00:37:06.079>to <00:37:06.200>make <00:37:06.359>sure 00:37:06.750 --> 00:37:06.760 align:start position:0% ma'am and we just want to make sure 00:37:06.760 --> 00:37:08.390 align:start position:0% ma'am and we just want to make sure because<00:37:07.000>of <00:37:07.160>the <00:37:07.280>unusual <00:37:07.800>nature <00:37:08.119>of <00:37:08.240>it 00:37:08.390 --> 00:37:08.400 align:start position:0% because of the unusual nature of it 00:37:08.400 --> 00:37:10.349 align:start position:0% because of the unusual nature of it there<00:37:08.520>may <00:37:08.720>be <00:37:08.880>a <00:37:09.000>lot <00:37:09.160>of <00:37:09.640>back <00:37:09.800>and <00:37:09.960>forth 00:37:10.349 --> 00:37:10.359 align:start position:0% there may be a lot of back and forth 00:37:10.359 --> 00:37:11.829 align:start position:0% there may be a lot of back and forth with<00:37:10.599>with <00:37:10.760>staff <00:37:11.079>we <00:37:11.200>want <00:37:11.280>to <00:37:11.560>make <00:37:11.680>sure 00:37:11.829 --> 00:37:11.839 align:start position:0% with with staff we want to make sure 00:37:11.839 --> 00:37:13.309 align:start position:0% with with staff we want to make sure that<00:37:11.960>we <00:37:12.079>bring <00:37:12.280>the <00:37:12.400>board <00:37:12.760>what <00:37:12.880>you <00:37:13.040>want 00:37:13.309 --> 00:37:13.319 align:start position:0% that we bring the board what you want 00:37:13.319 --> 00:37:15.910 align:start position:0% that we bring the board what you want for 00:37:15.910 --> 00:37:15.920 align:start position:0% 00:37:15.920 --> 00:37:17.750 align:start position:0% consideration<00:37:16.920>just <00:37:17.040>to <00:37:17.200>follow <00:37:17.440>up <00:37:17.560>with 00:37:17.750 --> 00:37:17.760 align:start position:0% consideration just to follow up with 00:37:17.760 --> 00:37:19.589 align:start position:0% consideration just to follow up with that<00:37:18.240>I <00:37:18.720>I <00:37:18.800>know <00:37:18.920>we've <00:37:19.079>done <00:37:19.280>several <00:37:19.520>of 00:37:19.589 --> 00:37:19.599 align:start position:0% that I I know we've done several of 00:37:19.599 --> 00:37:21.309 align:start position:0% that I I know we've done several of these<00:37:19.800>applications <00:37:20.280>over <00:37:20.480>the <00:37:20.680>past <00:37:20.880>couple 00:37:21.309 --> 00:37:21.319 align:start position:0% these applications over the past couple 00:37:21.319 --> 00:37:24.670 align:start position:0% these applications over the past couple years<00:37:22.319>have <00:37:22.920>have <00:37:23.359>K <00:37:23.640>rock <00:37:23.880>or <00:37:24.040>maybe <00:37:24.400>the <00:37:24.480>op 00:37:24.670 --> 00:37:24.680 align:start position:0% years have have K rock or maybe the op 00:37:24.680 --> 00:37:27.150 align:start position:0% years have have K rock or maybe the op writers<00:37:25.480>had <00:37:25.640>any <00:37:25.839>thoughts <00:37:26.119>about <00:37:26.680>possibly 00:37:27.150 --> 00:37:27.160 align:start position:0% writers had any thoughts about possibly 00:37:27.160 --> 00:37:29.750 align:start position:0% writers had any thoughts about possibly exploring<00:37:27.680>field <00:37:28.040>rules <00:37:28.400>to <00:37:28.599>go <00:37:28.800>with <00:37:29.079>these 00:37:29.750 --> 00:37:29.760 align:start position:0% exploring field rules to go with these 00:37:29.760 --> 00:37:30.950 align:start position:0% exploring field rules to go with these so<00:37:29.960>that <00:37:30.119>every <00:37:30.280>one <00:37:30.400>of <00:37:30.520>these <00:37:30.640>doesn't <00:37:30.880>have 00:37:30.950 --> 00:37:30.960 align:start position:0% so that every one of these doesn't have 00:37:30.960 --> 00:37:33.150 align:start position:0% so that every one of these doesn't have to<00:37:31.079>be <00:37:31.160>bought <00:37:31.400>in <00:37:31.480>front <00:37:31.640>of <00:37:31.720>the <00:37:32.000>board <00:37:33.000>these 00:37:33.150 --> 00:37:33.160 align:start position:0% to be bought in front of the board these 00:37:33.160 --> 00:37:35.309 align:start position:0% to be bought in front of the board these unit<00:37:33.760>establishments <00:37:34.760>but <00:37:34.920>isn't <00:37:35.160>they 00:37:35.309 --> 00:37:35.319 align:start position:0% unit establishments but isn't they 00:37:35.319 --> 00:37:37.790 align:start position:0% unit establishments but isn't they consider<00:37:35.680>doing <00:37:36.000>that <00:37:36.960>they <00:37:37.319>save <00:37:37.520>you <00:37:37.640>all 00:37:37.790 --> 00:37:37.800 align:start position:0% consider doing that they save you all 00:37:37.800 --> 00:37:39.390 align:start position:0% consider doing that they save you all some<00:37:38.000>time <00:37:38.119>and <00:37:38.280>effort <00:37:38.920>that <00:37:39.200>that's 00:37:39.390 --> 00:37:39.400 align:start position:0% some time and effort that that's 00:37:39.400 --> 00:37:41.309 align:start position:0% some time and effort that that's certainly<00:37:39.880>something <00:37:40.680>uh <00:37:40.880>I <00:37:40.960>don't <00:37:41.079>know <00:37:41.200>how 00:37:41.309 --> 00:37:41.319 align:start position:0% certainly something uh I don't know how 00:37:41.319 --> 00:37:44.069 align:start position:0% certainly something uh I don't know how their<00:37:41.480>lawyer <00:37:41.839>feels <00:37:42.160>about <00:37:42.440>that <00:37:42.720>but <00:37:43.079>the 00:37:44.069 --> 00:37:44.079 align:start position:0% their lawyer feels about that but the 00:37:44.079 --> 00:37:45.870 align:start position:0% their lawyer feels about that but the I'm<00:37:44.160>sure <00:37:44.440>KY <00:37:44.720>Rock <00:37:44.920>would <00:37:45.119>appreciate <00:37:45.640>the 00:37:45.870 --> 00:37:45.880 align:start position:0% I'm sure KY Rock would appreciate the 00:37:45.880 --> 00:37:47.870 align:start position:0% I'm sure KY Rock would appreciate the opportunity<00:37:46.359>to <00:37:46.520>do <00:37:46.800>that <00:37:47.640>yeah <00:37:47.760>that's 00:37:47.870 --> 00:37:47.880 align:start position:0% opportunity to do that yeah that's 00:37:47.880 --> 00:37:48.829 align:start position:0% opportunity to do that yeah that's something<00:37:48.079>I <00:37:48.160>think <00:37:48.280>you <00:37:48.440>work <00:37:48.599>with <00:37:48.720>the 00:37:48.829 --> 00:37:48.839 align:start position:0% something I think you work with the 00:37:48.839 --> 00:37:50.150 align:start position:0% something I think you work with the staff<00:37:49.040>to <00:37:49.240>come <00:37:49.359>up <00:37:49.520>with <00:37:49.640>something <00:37:49.920>there <00:37:50.040>if 00:37:50.150 --> 00:37:50.160 align:start position:0% staff to come up with something there if 00:37:50.160 --> 00:37:52.430 align:start position:0% staff to come up with something there if it's<00:37:50.400>feasible <00:37:50.839>to <00:37:50.960>do <00:37:51.160>that <00:37:51.760>yes <00:37:52.119>have <00:37:52.240>a <00:37:52.319>lot 00:37:52.430 --> 00:37:52.440 align:start position:0% it's feasible to do that yes have a lot 00:37:52.440 --> 00:37:53.670 align:start position:0% it's feasible to do that yes have a lot more<00:37:52.560>of <00:37:52.720>these <00:37:52.960>I <00:37:53.040>don't <00:37:53.160>know <00:37:53.280>what <00:37:53.400>the 00:37:53.670 --> 00:37:53.680 align:start position:0% more of these I don't know what the 00:37:53.680 --> 00:37:55.190 align:start position:0% more of these I don't know what the long-term<00:37:54.160>plans <00:37:54.440>for <00:37:54.599>this <00:37:54.760>are <00:37:55.000>but <00:37:55.079>it 00:37:55.190 --> 00:37:55.200 align:start position:0% long-term plans for this are but it 00:37:55.200 --> 00:37:57.309 align:start position:0% long-term plans for this are but it seems<00:37:55.480>like <00:37:56.079>this <00:37:56.200>is <00:37:56.359>a <00:37:56.760>a <00:37:56.880>lot <00:37:57.000>of <00:37:57.079>what <00:37:57.200>we're 00:37:57.309 --> 00:37:57.319 align:start position:0% seems like this is a a lot of what we're 00:37:57.319 --> 00:37:59.390 align:start position:0% seems like this is a a lot of what we're dealing<00:37:57.599>with <00:37:57.760>here 00:37:59.390 --> 00:37:59.400 align:start position:0% dealing with here 00:37:59.400 --> 00:38:05.630 align:start position:0% dealing with here now<00:38:00.400>thank <00:38:00.560>you <00:38:00.920>we <00:38:01.119>appreciate 00:38:05.630 --> 00:38:05.640 align:start position:0% 00:38:05.640 --> 00:38:08.190 align:start position:0% that<00:38:06.640>okay <00:38:07.160>that <00:38:07.359>that's <00:38:07.520>all <00:38:07.720>we <00:38:07.839>have <00:38:08.040>we 00:38:08.190 --> 00:38:08.200 align:start position:0% that okay that that's all we have we 00:38:08.200 --> 00:38:09.550 align:start position:0% that okay that that's all we have we appreciate<00:38:08.560>the <00:38:08.640>board's <00:38:09.000>consideration 00:38:09.550 --> 00:38:09.560 align:start position:0% appreciate the board's consideration 00:38:09.560 --> 00:38:11.430 align:start position:0% appreciate the board's consideration today<00:38:10.000>right <00:38:10.280>thank <00:38:10.440>you <00:38:10.960>thank <00:38:11.119>you <00:38:11.200>for 00:38:11.430 --> 00:38:11.440 align:start position:0% today right thank you thank you for 00:38:11.440 --> 00:38:14.990 align:start position:0% today right thank you thank you for attendance<00:38:12.040>okay <00:38:12.599>move <00:38:12.800>on <00:38:12.920>to <00:38:13.119>the <00:38:13.319>next 00:38:14.990 --> 00:38:15.000 align:start position:0% attendance okay move on to the next 00:38:15.000 --> 00:38:17.950 align:start position:0% attendance okay move on to the next petition<00:38:16.000>the <00:38:16.240>petition <00:38:16.599>is <00:38:16.800>from <00:38:17.280>Pocahontas 00:38:17.950 --> 00:38:17.960 align:start position:0% petition the petition is from Pocahontas 00:38:17.960 --> 00:38:21.710 align:start position:0% petition the petition is from Pocahontas gas<00:38:18.319>LLC <00:38:19.240>41 <00:38:20.240>the <00:38:20.480>dispersement <00:38:21.000>of <00:38:21.119>escro 00:38:21.710 --> 00:38:21.720 align:start position:0% gas LLC 41 the dispersement of escro 00:38:21.720 --> 00:38:24.270 align:start position:0% gas LLC 41 the dispersement of escro funds<00:38:22.560>uh <00:38:22.680>here <00:38:23.160>deposited <00:38:23.720>with <00:38:23.960>board's 00:38:24.270 --> 00:38:24.280 align:start position:0% funds uh here deposited with board's 00:38:24.280 --> 00:38:27.230 align:start position:0% funds uh here deposited with board's escrow<00:38:24.839>agent <00:38:25.839>and <00:38:25.960>that's <00:38:26.160>attri <00:38:26.720>able <00:38:26.920>to 00:38:27.230 --> 00:38:27.240 align:start position:0% escrow agent and that's attri able to 00:38:27.240 --> 00:38:30.950 align:start position:0% escrow agent and that's attri able to track<00:38:27.560>1e <00:38:28.560>uh <00:38:28.680>as <00:38:28.920>depicted <00:38:29.560>upon <00:38:29.760>the <00:38:29.960>NX 00:38:30.950 --> 00:38:30.960 align:start position:0% track 1e uh as depicted upon the NX 00:38:30.960 --> 00:38:33.470 align:start position:0% track 1e uh as depicted upon the NX table<00:38:31.760>and <00:38:31.920>two <00:38:32.319>authorization <00:38:32.920>to <00:38:33.119>begin 00:38:33.470 --> 00:38:33.480 align:start position:0% table and two authorization to begin 00:38:33.480 --> 00:38:36.630 align:start position:0% table and two authorization to begin paying<00:38:33.720>royalties <00:38:34.599>directly <00:38:35.000>to <00:38:35.200>the <00:38:35.640>parties 00:38:36.630 --> 00:38:36.640 align:start position:0% paying royalties directly to the parties 00:38:36.640 --> 00:38:39.630 align:start position:0% paying royalties directly to the parties uh<00:38:36.760>to <00:38:37.000>the <00:38:37.359>royalty <00:38:37.880>sprit <00:38:38.520>agreement <00:38:39.440>uh 00:38:39.630 --> 00:38:39.640 align:start position:0% uh to the royalty sprit agreement uh 00:38:39.640 --> 00:38:44.430 align:start position:0% uh to the royalty sprit agreement uh listed<00:38:40.160>in <00:38:40.520>the <00:38:41.440>petition <00:38:42.440>the <00:38:42.640>unit <00:38:42.920>is 00:38:44.430 --> 00:38:44.440 align:start position:0% listed in the petition the unit is 00:38:44.440 --> 00:38:48.510 align:start position:0% listed in the petition the unit is w35<00:38:45.440>docket <00:38:45.839>number <00:38:46.119>vob 00:38:48.510 --> 00:38:48.520 align:start position:0% w35 docket number vob 00:38:48.520 --> 00:38:51.069 align:start position:0% w35 docket number vob 98-02<00:38:49.520>I'm <00:38:49.680>sorry 00:38:51.069 --> 00:38:51.079 align:start position:0% 98-02 I'm sorry 00:38:51.079 --> 00:38:54.109 align:start position:0% 98-02 I'm sorry 0324 00:38:54.109 --> 00:38:54.119 align:start position:0% 00:38:54.119 --> 00:38:57.870 align:start position:0% d627<00:38:55.520>D13 00:38:57.870 --> 00:38:57.880 align:start position:0% d627 D13 00:38:57.880 --> 00:38:59.829 align:start position:0% d627 D13 we'd<00:38:58.160>ask <00:38:58.400>all <00:38:58.680>parties <00:38:59.079>who <00:38:59.240>wish <00:38:59.440>to <00:38:59.599>speak 00:38:59.829 --> 00:38:59.839 align:start position:0% we'd ask all parties who wish to speak 00:38:59.839 --> 00:39:02.710 align:start position:0% we'd ask all parties who wish to speak to<00:39:00.079>this <00:39:00.319>petition <00:39:00.720>to <00:39:01.000>please <00:39:01.640>come 00:39:02.710 --> 00:39:02.720 align:start position:0% to this petition to please come 00:39:02.720 --> 00:39:05.910 align:start position:0% to this petition to please come forward<00:39:03.720>Mark <00:39:04.000>Schwarz <00:39:04.560>and <00:39:04.800>Kelly 00:39:05.910 --> 00:39:05.920 align:start position:0% forward Mark Schwarz and Kelly 00:39:05.920 --> 00:39:10.790 align:start position:0% forward Mark Schwarz and Kelly Barry<00:39:07.200>okay <00:39:08.200>anyone 00:39:10.790 --> 00:39:10.800 align:start position:0% 00:39:10.800 --> 00:39:12.829 align:start position:0% else<00:39:11.800>don't <00:39:12.119>think 00:39:12.829 --> 00:39:12.839 align:start position:0% else don't think 00:39:12.839 --> 00:39:15.829 align:start position:0% else don't think so<00:39:13.839>you <00:39:14.040>swear <00:39:14.640>and <00:39:15.280>affirm <00:39:15.560>that <00:39:15.680>your 00:39:15.829 --> 00:39:15.839 align:start position:0% so you swear and affirm that your 00:39:15.839 --> 00:39:17.510 align:start position:0% so you swear and affirm that your testimony<00:39:16.319>is <00:39:16.520>the <00:39:16.640>truth <00:39:16.920>the <00:39:17.079>whole <00:39:17.280>truth 00:39:17.510 --> 00:39:17.520 align:start position:0% testimony is the truth the whole truth 00:39:17.520 --> 00:39:23.430 align:start position:0% testimony is the truth the whole truth and<00:39:17.680>nothing <00:39:18.000>but <00:39:18.200>the <00:39:18.400>truth <00:39:19.400>I 00:39:23.430 --> 00:39:23.440 align:start position:0% 00:39:23.440 --> 00:39:25.870 align:start position:0% do<00:39:24.440>okay <00:39:24.680>I <00:39:24.880>think <00:39:25.079>there <00:39:25.160>are <00:39:25.359>no <00:39:25.520>others 00:39:25.870 --> 00:39:25.880 align:start position:0% do okay I think there are no others 00:39:25.880 --> 00:39:27.589 align:start position:0% do okay I think there are no others present<00:39:26.200>so <00:39:26.520>welcome <00:39:26.760>to <00:39:26.960>both <00:39:27.119>of <00:39:27.240>you <00:39:27.400>all 00:39:27.589 --> 00:39:27.599 align:start position:0% present so welcome to both of you all 00:39:27.599 --> 00:39:30.750 align:start position:0% present so welcome to both of you all and<00:39:27.800>you <00:39:28.000>go <00:39:28.160>ahead <00:39:28.680>uh <00:39:28.839>you <00:39:28.960>may <00:39:29.400>proceed <00:39:30.400>good 00:39:30.750 --> 00:39:30.760 align:start position:0% and you go ahead uh you may proceed good 00:39:30.760 --> 00:39:33.790 align:start position:0% and you go ahead uh you may proceed good morning<00:39:32.000>morning <00:39:33.000>Kelly <00:39:33.319>would <00:39:33.440>you <00:39:33.560>state 00:39:33.790 --> 00:39:33.800 align:start position:0% morning morning Kelly would you state 00:39:33.800 --> 00:39:37.030 align:start position:0% morning morning Kelly would you state your<00:39:33.960>name <00:39:34.160>for <00:39:34.640>the <00:39:34.760>record <00:39:35.319>please <00:39:36.319>Kelly 00:39:37.030 --> 00:39:37.040 align:start position:0% your name for the record please Kelly 00:39:37.040 --> 00:39:40.710 align:start position:0% your name for the record please Kelly Barry<00:39:38.040>and <00:39:38.200>who <00:39:38.359>do <00:39:38.480>you <00:39:38.599>work <00:39:39.040>for <00:39:40.040>Pocahontas 00:39:40.710 --> 00:39:40.720 align:start position:0% Barry and who do you work for Pocahontas 00:39:40.720 --> 00:39:44.390 align:start position:0% Barry and who do you work for Pocahontas gas<00:39:41.560>LLC <00:39:42.560>okay <00:39:43.040>and <00:39:43.200>are <00:39:43.359>you <00:39:43.599>appearing <00:39:44.079>on 00:39:44.390 --> 00:39:44.400 align:start position:0% gas LLC okay and are you appearing on 00:39:44.400 --> 00:39:48.470 align:start position:0% gas LLC okay and are you appearing on behalf<00:39:44.920>of <00:39:45.160>Pocahontas <00:39:45.839>Gest <00:39:46.160>this <00:39:46.760>morning 00:39:48.470 --> 00:39:48.480 align:start position:0% behalf of Pocahontas Gest this morning 00:39:48.480 --> 00:39:51.430 align:start position:0% behalf of Pocahontas Gest this morning yes<00:39:49.480>and <00:39:49.920>I've <00:39:50.040>got <00:39:50.160>to <00:39:50.280>get <00:39:50.440>rid <00:39:50.640>my <00:39:50.920>cat <00:39:51.240>here 00:39:51.430 --> 00:39:51.440 align:start position:0% yes and I've got to get rid my cat here 00:39:51.440 --> 00:39:55.390 align:start position:0% yes and I've got to get rid my cat here hold<00:39:51.599>on <00:39:51.760>a 00:39:55.390 --> 00:39:55.400 align:start position:0% 00:39:55.400 --> 00:39:59.150 align:start position:0% second<00:39:56.599>there <00:39:56.720>you <00:39:56.880>go <00:39:57.319>Bud <00:39:58.319>he <00:39:58.480>will <00:39:58.680>turn <00:39:58.920>up 00:39:59.150 --> 00:39:59.160 align:start position:0% second there you go Bud he will turn up 00:39:59.160 --> 00:40:01.829 align:start position:0% second there you go Bud he will turn up from<00:39:59.400>time <00:39:59.720>to <00:39:59.960>time <00:40:00.240>he's <00:40:00.599>very <00:40:01.359>interested 00:40:01.829 --> 00:40:01.839 align:start position:0% from time to time he's very interested 00:40:01.839 --> 00:40:04.230 align:start position:0% from time to time he's very interested in<00:40:01.960>what's <00:40:02.200>going <00:40:02.720>on 00:40:04.230 --> 00:40:04.240 align:start position:0% in what's going on 00:40:04.240 --> 00:40:07.309 align:start position:0% in what's going on um<00:40:05.240>this <00:40:05.400>is <00:40:05.680>a <00:40:06.240>uh <00:40:06.440>petition <00:40:06.960>for 00:40:07.309 --> 00:40:07.319 align:start position:0% um this is a uh petition for 00:40:07.319 --> 00:40:10.710 align:start position:0% um this is a uh petition for dispersement<00:40:08.359>correct <00:40:09.359>that's <00:40:09.599>correct <00:40:10.520>and 00:40:10.710 --> 00:40:10.720 align:start position:0% dispersement correct that's correct and 00:40:10.720 --> 00:40:12.589 align:start position:0% dispersement correct that's correct and have<00:40:10.839>we <00:40:11.040>previously <00:40:11.599>had <00:40:11.800>dispersements 00:40:12.589 --> 00:40:12.599 align:start position:0% have we previously had dispersements 00:40:12.599 --> 00:40:16.870 align:start position:0% have we previously had dispersements from<00:40:13.119>uh <00:40:13.280>from <00:40:13.520>this <00:40:14.079>unit <00:40:15.079>yes <00:40:15.280>we <00:40:15.480>have <00:40:16.319>okay 00:40:16.870 --> 00:40:16.880 align:start position:0% from uh from this unit yes we have okay 00:40:16.880 --> 00:40:19.550 align:start position:0% from uh from this unit yes we have okay and<00:40:17.000>we'll <00:40:17.200>get <00:40:17.359>into <00:40:17.599>that <00:40:17.920>eventually <00:40:18.920>uh 00:40:19.550 --> 00:40:19.560 align:start position:0% and we'll get into that eventually uh 00:40:19.560 --> 00:40:23.630 align:start position:0% and we'll get into that eventually uh the<00:40:20.280>um <00:40:21.240>the <00:40:21.599>the <00:40:22.160>the <00:40:22.319>two <00:40:22.640>requests <00:40:23.040>here <00:40:23.200>are 00:40:23.630 --> 00:40:23.640 align:start position:0% the um the the the two requests here are 00:40:23.640 --> 00:40:26.069 align:start position:0% the um the the the two requests here are to<00:40:23.920>authorize <00:40:24.359>a <00:40:24.560>dispersement <00:40:25.240>and <00:40:25.400>then <00:40:25.920>in 00:40:26.069 --> 00:40:26.079 align:start position:0% to authorize a dispersement and then in 00:40:26.079 --> 00:40:28.349 align:start position:0% to authorize a dispersement and then in some<00:40:26.599>instances <00:40:27.200>to <00:40:27.480>authorized <00:40:28.040>direct 00:40:28.349 --> 00:40:28.359 align:start position:0% some instances to authorized direct 00:40:28.359 --> 00:40:33.589 align:start position:0% some instances to authorized direct payment<00:40:29.079>correct <00:40:30.079>yes <00:40:31.119>okay <00:40:32.119>uh <00:40:32.640>the <00:40:33.040>the <00:40:33.200>unit 00:40:33.589 --> 00:40:33.599 align:start position:0% payment correct yes okay uh the the unit 00:40:33.599 --> 00:40:37.589 align:start position:0% payment correct yes okay uh the the unit involved<00:40:34.200>is <00:40:34.520>what <00:40:35.079>what <00:40:35.599>unit 00:40:37.589 --> 00:40:37.599 align:start position:0% involved is what what unit 00:40:37.599 --> 00:40:41.670 align:start position:0% involved is what what unit w35<00:40:38.599>okay <00:40:39.200>and <00:40:39.319>if <00:40:39.480>we <00:40:39.640>look <00:40:39.800>at <00:40:39.960>your <00:40:40.680>petition 00:40:41.670 --> 00:40:41.680 align:start position:0% w35 okay and if we look at your petition 00:40:41.680 --> 00:40:45.430 align:start position:0% w35 okay and if we look at your petition um<00:40:42.480>you're <00:40:42.839>indicating <00:40:43.720>that <00:40:44.119>we <00:40:44.440>have <00:40:45.079>uh <00:40:45.280>a 00:40:45.430 --> 00:40:45.440 align:start position:0% um you're indicating that we have uh a 00:40:45.440 --> 00:40:46.950 align:start position:0% um you're indicating that we have uh a royalty<00:40:45.960>split 00:40:46.950 --> 00:40:46.960 align:start position:0% royalty split 00:40:46.960 --> 00:40:52.550 align:start position:0% royalty split agreement<00:40:48.119>uh <00:40:49.160>between <00:40:50.160>uh <00:40:50.920>hurt <00:40:51.240>Maguire <00:40:52.160>now 00:40:52.550 --> 00:40:52.560 align:start position:0% agreement uh between uh hurt Maguire now 00:40:52.560 --> 00:40:54.829 align:start position:0% agreement uh between uh hurt Maguire now Maguire<00:40:53.280>hurt <00:40:53.800>I <00:40:53.920>guess <00:40:54.160>they've <00:40:54.359>changed 00:40:54.829 --> 00:40:54.839 align:start position:0% Maguire hurt I guess they've changed 00:40:54.839 --> 00:40:57.309 align:start position:0% Maguire hurt I guess they've changed changed<00:40:55.200>their <00:40:55.400>name <00:40:56.200>um <00:40:56.520>and <00:40:56.640>the <00:40:56.720>Burks 00:40:57.309 --> 00:40:57.319 align:start position:0% changed their name um and the Burks 00:40:57.319 --> 00:41:00.750 align:start position:0% changed their name um and the Burks correct<00:40:58.319>that's <00:40:58.960>correct <00:40:59.960>and <00:41:00.160>the <00:41:00.400>prior 00:41:00.750 --> 00:41:00.760 align:start position:0% correct that's correct and the prior 00:41:00.760 --> 00:41:03.710 align:start position:0% correct that's correct and the prior owner<00:41:01.280>was <00:41:01.839>uh <00:41:02.000>Daisy <00:41:02.440>Burke <00:41:02.839>and <00:41:03.079>apparently 00:41:03.710 --> 00:41:03.720 align:start position:0% owner was uh Daisy Burke and apparently 00:41:03.720 --> 00:41:07.190 align:start position:0% owner was uh Daisy Burke and apparently the<00:41:04.400>Joel <00:41:04.960>and <00:41:05.119>Brenda <00:41:05.599>have <00:41:06.160>uh <00:41:06.599>stepped <00:41:07.000>into 00:41:07.190 --> 00:41:07.200 align:start position:0% the Joel and Brenda have uh stepped into 00:41:07.200 --> 00:41:12.430 align:start position:0% the Joel and Brenda have uh stepped into her<00:41:07.880>position <00:41:08.920>yes <00:41:10.119>okay <00:41:11.119>uh <00:41:11.280>if <00:41:11.400>we <00:41:11.640>go <00:41:11.880>to 00:41:12.430 --> 00:41:12.440 align:start position:0% her position yes okay uh if we go to 00:41:12.440 --> 00:41:16.829 align:start position:0% her position yes okay uh if we go to page<00:41:13.240>let <00:41:13.599>see 00:41:16.829 --> 00:41:16.839 align:start position:0% 00:41:16.839 --> 00:41:21.109 align:start position:0% here<00:41:17.839>go <00:41:18.040>to <00:41:18.359>page <00:41:19.119>six <00:41:19.599>of <00:41:19.760>your <00:41:20.160>application 00:41:21.109 --> 00:41:21.119 align:start position:0% here go to page six of your application 00:41:21.119 --> 00:41:23.190 align:start position:0% here go to page six of your application before<00:41:21.359>we <00:41:21.480>do <00:41:21.720>that <00:41:22.240>what <00:41:22.359>did <00:41:22.520>you <00:41:22.720>do <00:41:23.000>to 00:41:23.190 --> 00:41:23.200 align:start position:0% before we do that what did you do to 00:41:23.200 --> 00:41:25.710 align:start position:0% before we do that what did you do to tell<00:41:23.599>people <00:41:24.520>uh <00:41:24.640>who <00:41:24.800>would <00:41:25.040>be <00:41:25.280>interested 00:41:25.710 --> 00:41:25.720 align:start position:0% tell people uh who would be interested 00:41:25.720 --> 00:41:27.870 align:start position:0% tell people uh who would be interested in<00:41:25.839>the <00:41:26.000>out <00:41:26.440>come <00:41:26.599>of <00:41:26.800>this <00:41:26.920>hearing <00:41:27.280>today 00:41:27.870 --> 00:41:27.880 align:start position:0% in the out come of this hearing today 00:41:27.880 --> 00:41:30.390 align:start position:0% in the out come of this hearing today that<00:41:28.000>we <00:41:28.119>were <00:41:28.280>going <00:41:28.359>to <00:41:28.520>have <00:41:28.680>a <00:41:29.280>hearing <00:41:30.280>uh 00:41:30.390 --> 00:41:30.400 align:start position:0% that we were going to have a hearing uh 00:41:30.400 --> 00:41:32.390 align:start position:0% that we were going to have a hearing uh we<00:41:30.560>mailed <00:41:31.040>a <00:41:31.200>copy <00:41:31.480>of <00:41:31.599>the <00:41:31.760>petition <00:41:32.160>by 00:41:32.390 --> 00:41:32.400 align:start position:0% we mailed a copy of the petition by 00:41:32.400 --> 00:41:35.910 align:start position:0% we mailed a copy of the petition by certified<00:41:32.920>with <00:41:33.440>returned <00:41:33.720>receipt 00:41:35.910 --> 00:41:35.920 align:start position:0% certified mail with returned receipt 00:41:35.920 --> 00:41:39.390 align:start position:0% certified mail with returned receipt requested<00:41:36.920>uh <00:41:37.119>now <00:41:37.319>let's <00:41:37.599>turn <00:41:37.920>to <00:41:38.440>page <00:41:39.160>uh 00:41:39.390 --> 00:41:39.400 align:start position:0% requested uh now let's turn to page uh 00:41:39.400 --> 00:41:42.990 align:start position:0% requested uh now let's turn to page uh six<00:41:39.920>of <00:41:40.119>the <00:41:40.400>application <00:41:41.079>or <00:41:41.599>petition <00:41:42.599>uh <00:41:42.760>we 00:41:42.990 --> 00:41:43.000 align:start position:0% six of the application or petition uh we 00:41:43.000 --> 00:41:46.750 align:start position:0% six of the application or petition uh we have<00:41:43.560>as <00:41:43.760>usual <00:41:44.280>we've <00:41:44.480>got <00:41:44.640>some <00:41:45.200>tables <00:41:46.200>uh 00:41:46.750 --> 00:41:46.760 align:start position:0% have as usual we've got some tables uh 00:41:46.760 --> 00:41:50.309 align:start position:0% have as usual we've got some tables uh or<00:41:46.960>a <00:41:47.280>table <00:41:48.160>uh <00:41:48.280>to <00:41:48.560>to <00:41:48.800>give <00:41:49.119>instructions <00:41:49.920>to 00:41:50.309 --> 00:41:50.319 align:start position:0% or a table uh to to give instructions to 00:41:50.319 --> 00:41:53.430 align:start position:0% or a table uh to to give instructions to the<00:41:50.520>escrow <00:41:51.040>agent <00:41:51.480>in <00:41:51.839>in <00:41:52.240>terms <00:41:52.480>of <00:41:52.680>payment 00:41:53.430 --> 00:41:53.440 align:start position:0% the escrow agent in in terms of payment 00:41:53.440 --> 00:41:55.390 align:start position:0% the escrow agent in in terms of payment and<00:41:53.520>in <00:41:53.720>this <00:41:53.920>particular <00:41:54.400>instance <00:41:54.800>we <00:41:55.000>have 00:41:55.390 --> 00:41:55.400 align:start position:0% and in this particular instance we have 00:41:55.400 --> 00:41:58.069 align:start position:0% and in this particular instance we have a<00:41:55.520>table <00:41:55.839>one <00:41:56.000>and <00:41:56.280>a <00:41:56.400>table <00:41:56.680>too <00:41:57.079>correct 00:41:58.069 --> 00:41:58.079 align:start position:0% a table one and a table too correct 00:41:58.079 --> 00:42:01.710 align:start position:0% a table one and a table too correct that's<00:41:58.280>correct <00:41:59.119>and <00:41:59.359>why <00:41:59.520>is <00:42:00.119>that <00:42:01.119>uh <00:42:01.280>the 00:42:01.710 --> 00:42:01.720 align:start position:0% that's correct and why is that uh the 00:42:01.720 --> 00:42:05.790 align:start position:0% that's correct and why is that uh the property<00:42:02.720>was <00:42:03.040>deed <00:42:04.000>uh <00:42:04.200>from <00:42:04.520>Daisy <00:42:04.960>Burke <00:42:05.480>to 00:42:05.790 --> 00:42:05.800 align:start position:0% property was deed uh from Daisy Burke to 00:42:05.800 --> 00:42:09.390 align:start position:0% property was deed uh from Daisy Burke to Joel<00:42:06.240>and <00:42:06.440>Brenda <00:42:06.880>Burke <00:42:07.319>in <00:42:07.800>2020 <00:42:08.800>so <00:42:09.119>all 00:42:09.390 --> 00:42:09.400 align:start position:0% Joel and Brenda Burke in 2020 so all 00:42:09.400 --> 00:42:11.750 align:start position:0% Joel and Brenda Burke in 2020 so all funds<00:42:09.839>held <00:42:10.119>in <00:42:10.319>escrow <00:42:11.000>prior <00:42:11.280>to <00:42:11.520>that 00:42:11.750 --> 00:42:11.760 align:start position:0% funds held in escrow prior to that 00:42:11.760 --> 00:42:14.270 align:start position:0% funds held in escrow prior to that conveyance<00:42:12.480>are <00:42:12.720>now <00:42:13.000>due <00:42:13.319>to <00:42:13.480>the <00:42:13.599>erors <00:42:14.079>of 00:42:14.270 --> 00:42:14.280 align:start position:0% conveyance are now due to the erors of 00:42:14.280 --> 00:42:16.190 align:start position:0% conveyance are now due to the erors of Daisy 00:42:16.190 --> 00:42:16.200 align:start position:0% Daisy 00:42:16.200 --> 00:42:21.190 align:start position:0% Daisy Burke<00:42:17.200>and <00:42:17.520>the <00:42:17.720>first <00:42:18.160>table <00:42:19.160>is <00:42:19.640>at <00:42:19.960>a <00:42:20.599>pay <00:42:20.920>an 00:42:21.190 --> 00:42:21.200 align:start position:0% Burke and the first table is at a pay an 00:42:21.200 --> 00:42:24.150 align:start position:0% Burke and the first table is at a pay an exact<00:42:21.760>dollar <00:42:22.319>amount <00:42:22.880>correct <00:42:23.880>that's 00:42:24.150 --> 00:42:24.160 align:start position:0% exact dollar amount correct that's 00:42:24.160 --> 00:42:28.109 align:start position:0% exact dollar amount correct that's correct<00:42:25.160>okay <00:42:25.760>and <00:42:25.960>in <00:42:26.400>that <00:42:26.680>table <00:42:27.599>uh <00:42:27.800>you 00:42:28.109 --> 00:42:28.119 align:start position:0% correct okay and in that table uh you 00:42:28.119 --> 00:42:31.309 align:start position:0% correct okay and in that table uh you have<00:42:28.520>at <00:42:28.680>the <00:42:28.880>far <00:42:29.359>right <00:42:29.640>hand <00:42:30.079>column <00:42:31.040>for 00:42:31.309 --> 00:42:31.319 align:start position:0% have at the far right hand column for 00:42:31.319 --> 00:42:33.790 align:start position:0% have at the far right hand column for each<00:42:31.520>of <00:42:31.760>the <00:42:32.240>the <00:42:32.440>individuals <00:42:33.000>or <00:42:33.280>companies 00:42:33.790 --> 00:42:33.800 align:start position:0% each of the the individuals or companies 00:42:33.800 --> 00:42:36.390 align:start position:0% each of the the individuals or companies listed<00:42:34.760>you've <00:42:35.000>set <00:42:35.280>forth <00:42:35.559>a <00:42:35.839>specific 00:42:36.390 --> 00:42:36.400 align:start position:0% listed you've set forth a specific 00:42:36.400 --> 00:42:41.270 align:start position:0% listed you've set forth a specific dollar<00:42:37.160>amount <00:42:38.240>yes <00:42:39.240>okay <00:42:40.160>and <00:42:40.760>then <00:42:40.960>if <00:42:41.079>we 00:42:41.270 --> 00:42:41.280 align:start position:0% dollar amount yes okay and then if we 00:42:41.280 --> 00:42:44.950 align:start position:0% dollar amount yes okay and then if we turn<00:42:41.680>to <00:42:42.240>table <00:42:43.240>uh 00:42:44.950 --> 00:42:44.960 align:start position:0% turn to table uh 00:42:44.960 --> 00:42:48.470 align:start position:0% turn to table uh two<00:42:45.960>uh <00:42:46.559>this <00:42:46.680>is <00:42:46.880>a <00:42:47.200>percentage <00:42:47.839>table 00:42:48.470 --> 00:42:48.480 align:start position:0% two uh this is a percentage table 00:42:48.480 --> 00:42:52.349 align:start position:0% two uh this is a percentage table correct<00:42:49.480>that's <00:42:49.839>correct <00:42:50.839>and <00:42:51.040>this <00:42:51.559>pertains 00:42:52.349 --> 00:42:52.359 align:start position:0% correct that's correct and this pertains 00:42:52.359 --> 00:42:56.750 align:start position:0% correct that's correct and this pertains to<00:42:53.359>the <00:42:53.520>owner <00:42:54.160>subsequent <00:42:55.040>to <00:42:56.040>uh 00:42:56.750 --> 00:42:56.760 align:start position:0% to the owner subsequent to uh 00:42:56.760 --> 00:43:00.670 align:start position:0% to the owner subsequent to uh um<00:42:57.760>the <00:42:58.480>uh <00:42:59.359>well <00:42:59.559>this <00:42:59.720>pertains <00:43:00.079>to <00:43:00.240>the <00:43:00.440>new 00:43:00.670 --> 00:43:00.680 align:start position:0% um the uh well this pertains to the new 00:43:00.680 --> 00:43:03.109 align:start position:0% um the uh well this pertains to the new owners<00:43:01.280>Joel <00:43:02.000>and <00:43:02.240>and 00:43:03.109 --> 00:43:03.119 align:start position:0% owners Joel and and 00:43:03.119 --> 00:43:05.829 align:start position:0% owners Joel and and Brenda<00:43:04.119>yes <00:43:04.400>that's <00:43:04.599>correct <00:43:05.400>and <00:43:05.559>they're 00:43:05.829 --> 00:43:05.839 align:start position:0% Brenda yes that's correct and they're 00:43:05.839 --> 00:43:10.309 align:start position:0% Brenda yes that's correct and they're split<00:43:06.240>with <00:43:06.440>the <00:43:06.680>Maguire <00:43:07.119>her <00:43:07.720>airs <00:43:09.079>yes <00:43:10.079>and 00:43:10.309 --> 00:43:10.319 align:start position:0% split with the Maguire her airs yes and 00:43:10.319 --> 00:43:13.430 align:start position:0% split with the Maguire her airs yes and this<00:43:10.480>is <00:43:11.000>the <00:43:11.119>split <00:43:11.440>is <00:43:11.720>what <00:43:12.280>percentage <00:43:13.280>it 00:43:13.430 --> 00:43:13.440 align:start position:0% this is the split is what percentage it 00:43:13.440 --> 00:43:17.230 align:start position:0% this is the split is what percentage it is<00:43:13.559>a <00:43:13.760>5050 <00:43:14.680>split <00:43:15.680>okay <00:43:16.240>and <00:43:16.359>then <00:43:16.520>at <00:43:16.680>the <00:43:16.880>end 00:43:17.230 --> 00:43:17.240 align:start position:0% is a 5050 split okay and then at the end 00:43:17.240 --> 00:43:19.630 align:start position:0% is a 5050 split okay and then at the end of<00:43:17.520>table <00:43:18.000>two <00:43:19.000>uh <00:43:19.119>you've <00:43:19.280>got <00:43:19.440>some 00:43:19.630 --> 00:43:19.640 align:start position:0% of table two uh you've got some 00:43:19.640 --> 00:43:22.390 align:start position:0% of table two uh you've got some adjustment<00:43:20.400>comments <00:43:21.079>there <00:43:21.440>and <00:43:21.559>are <00:43:21.839>those 00:43:22.390 --> 00:43:22.400 align:start position:0% adjustment comments there and are those 00:43:22.400 --> 00:43:24.390 align:start position:0% adjustment comments there and are those uh<00:43:22.559>the <00:43:22.720>instructions <00:43:23.480>that <00:43:23.599>should <00:43:23.800>be <00:43:24.000>given 00:43:24.390 --> 00:43:24.400 align:start position:0% uh the instructions that should be given 00:43:24.400 --> 00:43:27.190 align:start position:0% uh the instructions that should be given to<00:43:24.839>the <00:43:25.160>escrow <00:43:25.720>agent <00:43:26.200>in <00:43:26.319>the <00:43:26.520>event <00:43:26.920>that 00:43:27.190 --> 00:43:27.200 align:start position:0% to the escrow agent in the event that 00:43:27.200 --> 00:43:30.390 align:start position:0% to the escrow agent in the event that this<00:43:27.680>uh <00:43:27.839>application <00:43:28.280>is <00:43:28.680>approved 00:43:30.390 --> 00:43:30.400 align:start position:0% this uh application is approved 00:43:30.400 --> 00:43:33.069 align:start position:0% this uh application is approved yes<00:43:31.400>and <00:43:31.640>could <00:43:31.800>you <00:43:31.920>summarize <00:43:32.480>that <00:43:32.640>for <00:43:32.880>the 00:43:33.069 --> 00:43:33.079 align:start position:0% yes and could you summarize that for the 00:43:33.079 --> 00:43:35.790 align:start position:0% yes and could you summarize that for the for<00:43:33.240>the <00:43:33.760>record <00:43:34.760>uh <00:43:34.920>these 00:43:35.790 --> 00:43:35.800 align:start position:0% for the record uh these 00:43:35.800 --> 00:43:37.829 align:start position:0% for the record uh these instructions<00:43:36.800>the <00:43:37.040>these <00:43:37.240>instructions 00:43:37.829 --> 00:43:37.839 align:start position:0% instructions the these instructions 00:43:37.839 --> 00:43:40.549 align:start position:0% instructions the these instructions detail<00:43:38.680>that <00:43:38.839>the <00:43:38.960>escrow <00:43:39.480>agent <00:43:39.920>is <00:43:40.200>to 00:43:40.549 --> 00:43:40.559 align:start position:0% detail that the escrow agent is to 00:43:40.559 --> 00:43:43.430 align:start position:0% detail that the escrow agent is to deduct<00:43:41.160>the <00:43:41.359>amounts <00:43:41.800>paid <00:43:42.240>to <00:43:42.480>the <00:43:42.760>prior 00:43:43.430 --> 00:43:43.440 align:start position:0% deduct the amounts paid to the prior 00:43:43.440 --> 00:43:45.790 align:start position:0% deduct the amounts paid to the prior owners<00:43:44.440>which <00:43:44.599>would <00:43:44.800>be <00:43:44.920>The <00:43:45.040>Heirs <00:43:45.359>of <00:43:45.480>Daisy 00:43:45.790 --> 00:43:45.800 align:start position:0% owners which would be The Heirs of Daisy 00:43:45.800 --> 00:43:48.630 align:start position:0% owners which would be The Heirs of Daisy Burke<00:43:46.160>from <00:43:46.359>the <00:43:46.480>current <00:43:46.839>amounts <00:43:47.480>due <00:43:48.359>to 00:43:48.630 --> 00:43:48.640 align:start position:0% Burke from the current amounts due to 00:43:48.640 --> 00:43:51.589 align:start position:0% Burke from the current amounts due to the<00:43:48.880>current <00:43:49.240>owners <00:43:49.880>Joel <00:43:50.640>and <00:43:50.800>Brenda <00:43:51.160>Burke 00:43:51.589 --> 00:43:51.599 align:start position:0% the current owners Joel and Brenda Burke 00:43:51.599 --> 00:43:54.790 align:start position:0% the current owners Joel and Brenda Burke to<00:43:51.839>arrive <00:43:52.200>at <00:43:52.400>the <00:43:52.640>current <00:43:52.960>amounts <00:43:53.800>due 00:43:54.790 --> 00:43:54.800 align:start position:0% to arrive at the current amounts due 00:43:54.800 --> 00:43:57.549 align:start position:0% to arrive at the current amounts due okay<00:43:55.559>and <00:43:55.680>and <00:43:55.800>then <00:43:55.960>the <00:43:56.119>there's <00:43:56.720>also <00:43:57.359>an 00:43:57.549 --> 00:43:57.559 align:start position:0% okay and and then the there's also an 00:43:57.559 --> 00:43:58.990 align:start position:0% okay and and then the there's also an adjustment<00:43:58.000>that <00:43:58.119>needs <00:43:58.319>to <00:43:58.440>be <00:43:58.559>made <00:43:58.839>with 00:43:58.990 --> 00:43:59.000 align:start position:0% adjustment that needs to be made with 00:43:59.000 --> 00:44:02.630 align:start position:0% adjustment that needs to be made with regard<00:43:59.280>to <00:43:59.400>the <00:43:59.559>m <00:43:59.880>herd <00:44:00.119>errs <00:44:00.559>correct <00:44:01.640>yes 00:44:02.630 --> 00:44:02.640 align:start position:0% regard to the m herd errs correct yes 00:44:02.640 --> 00:44:04.549 align:start position:0% regard to the m herd errs correct yes okay<00:44:02.960>and <00:44:03.160>once <00:44:03.440>those <00:44:03.760>adjustments <00:44:04.400>have 00:44:04.549 --> 00:44:04.559 align:start position:0% okay and once those adjustments have 00:44:04.559 --> 00:44:07.430 align:start position:0% okay and once those adjustments have been<00:44:04.800>made <00:44:05.160>then <00:44:05.440>the <00:44:06.119>uh <00:44:06.559>the <00:44:06.720>table <00:44:07.040>two 00:44:07.430 --> 00:44:07.440 align:start position:0% been made then the uh the table two 00:44:07.440 --> 00:44:11.950 align:start position:0% been made then the uh the table two percentage<00:44:08.240>can <00:44:08.400>be <00:44:08.640>paid <00:44:10.079>yes <00:44:11.079>and <00:44:11.280>have <00:44:11.440>you 00:44:11.950 --> 00:44:11.960 align:start position:0% percentage can be paid yes and have you 00:44:11.960 --> 00:44:14.190 align:start position:0% percentage can be paid yes and have you indicated<00:44:12.960>or <00:44:13.119>what <00:44:13.240>are <00:44:13.440>the <00:44:13.599>wells <00:44:14.000>that 00:44:14.190 --> 00:44:14.200 align:start position:0% indicated or what are the wells that 00:44:14.200 --> 00:44:16.390 align:start position:0% indicated or what are the wells that contributed<00:44:14.680>to <00:44:14.839>the <00:44:14.960>cesco 00:44:16.390 --> 00:44:16.400 align:start position:0% contributed to the cesco 00:44:16.400 --> 00:44:22.870 align:start position:0% contributed to the cesco account<00:44:17.400>uh <00:44:17.559>w35 <00:44:18.520>a <00:44:19.119>w35 <00:44:20.119>B <00:44:20.520>and <00:44:20.720>W 00:44:22.870 --> 00:44:22.880 align:start position:0% account uh w35 a w35 B and W 00:44:22.880 --> 00:44:27.870 align:start position:0% account uh w35 a w35 B and W 35d<00:44:23.880>uh <00:44:24.079>then <00:44:24.200>you <00:44:24.559>provided <00:44:25.480>and <00:44:26.400>at <00:44:26.680>e <00:44:27.640>which 00:44:27.870 --> 00:44:27.880 align:start position:0% 35d uh then you provided and at e which 00:44:27.880 --> 00:44:32.309 align:start position:0% 35d uh then you provided and at e which is<00:44:28.720>uh <00:44:29.680>the <00:44:30.400>a <00:44:30.680>description <00:44:31.400>of <00:44:31.599>the <00:44:31.800>interest 00:44:32.309 --> 00:44:32.319 align:start position:0% is uh the a description of the interest 00:44:32.319 --> 00:44:35.390 align:start position:0% is uh the a description of the interest that<00:44:32.480>will <00:44:33.000>remain <00:44:33.240>in <00:44:33.480>escrow <00:44:34.119>in <00:44:34.280>the <00:44:34.520>event 00:44:35.390 --> 00:44:35.400 align:start position:0% that will remain in escrow in the event 00:44:35.400 --> 00:44:37.150 align:start position:0% that will remain in escrow in the event that<00:44:35.599>this <00:44:35.960>petition <00:44:36.359>is 00:44:37.150 --> 00:44:37.160 align:start position:0% that this petition is 00:44:37.160 --> 00:44:39.990 align:start position:0% that this petition is approved<00:44:38.160>that's <00:44:38.440>correct <00:44:39.240>and <00:44:39.359>we <00:44:39.480>can <00:44:39.640>tell 00:44:39.990 --> 00:44:40.000 align:start position:0% approved that's correct and we can tell 00:44:40.000 --> 00:44:42.990 align:start position:0% approved that's correct and we can tell from<00:44:40.359>the <00:44:40.760>first <00:44:41.599>bit <00:44:41.800>of <00:44:42.160>the <00:44:42.280>or <00:44:42.480>the <00:44:42.640>heading 00:44:42.990 --> 00:44:43.000 align:start position:0% from the first bit of the or the heading 00:44:43.000 --> 00:44:45.750 align:start position:0% from the first bit of the or the heading on<00:44:43.240>this <00:44:43.440>exhibit <00:44:43.839>that <00:44:43.960>we're <00:44:44.200>talking <00:44:44.760>about 00:44:45.750 --> 00:44:45.760 align:start position:0% on this exhibit that we're talking about 00:44:45.760 --> 00:44:49.309 align:start position:0% on this exhibit that we're talking about uh<00:44:46.000>five <00:44:46.960>uh <00:44:47.640>uh <00:44:48.119>long <00:44:48.480>wall 00:44:49.309 --> 00:44:49.319 align:start position:0% uh five uh uh long wall 00:44:49.319 --> 00:44:56.950 align:start position:0% uh five uh uh long wall panels<00:44:50.359>yes <00:44:51.480>okay <00:44:52.480>and <00:44:52.599>then <00:44:52.800>if <00:44:52.960>we <00:44:53.200>go <00:44:53.760>to <00:44:54.960>uh 00:44:56.950 --> 00:44:56.960 align:start position:0% panels yes okay and then if we go to uh 00:44:56.960 --> 00:45:02.470 align:start position:0% panels yes okay and then if we go to uh page<00:44:57.359>28 <00:44:58.359>I <00:44:58.559>think <00:44:59.359>of <00:44:59.640>the <00:45:00.319>the <00:45:00.960>uh <00:45:02.160>we've 00:45:02.470 --> 00:45:02.480 align:start position:0% page 28 I think of the the PDF uh we've 00:45:02.480 --> 00:45:08.270 align:start position:0% page 28 I think of the the PDF uh we've got<00:45:03.440>uh <00:45:04.440>a <00:45:04.880>a <00:45:05.160>summary <00:45:06.160>of <00:45:06.760>take <00:45:06.960>that <00:45:07.280>back 00:45:08.270 --> 00:45:08.280 align:start position:0% got uh a a summary of take that back 00:45:08.280 --> 00:45:11.549 align:start position:0% got uh a a summary of take that back back<00:45:09.040>here <00:45:09.559>have <00:45:09.680>you <00:45:10.000>provided <00:45:10.640>an <00:45:11.040>exhibit 00:45:11.549 --> 00:45:11.559 align:start position:0% back here have you provided an exhibit 00:45:11.559 --> 00:45:16.430 align:start position:0% back here have you provided an exhibit double<00:45:12.119>e <00:45:13.119>uh <00:45:13.280>to <00:45:13.680>to <00:45:14.440>uh <00:45:14.680>to <00:45:15.000>demonstrate <00:45:15.800>what 00:45:16.430 --> 00:45:16.440 align:start position:0% double e uh to to uh to demonstrate what 00:45:16.440 --> 00:45:19.790 align:start position:0% double e uh to to uh to demonstrate what the<00:45:16.640>payments <00:45:17.359>would <00:45:17.599>be <00:45:17.880>going <00:45:18.640>forward <00:45:19.640>uh 00:45:19.790 --> 00:45:19.800 align:start position:0% the payments would be going forward uh 00:45:19.800 --> 00:45:21.950 align:start position:0% the payments would be going forward uh the<00:45:19.960>direct <00:45:20.280>payments <00:45:20.800>going <00:45:21.200>would <00:45:21.359>be <00:45:21.599>going 00:45:21.950 --> 00:45:21.960 align:start position:0% the direct payments going would be going 00:45:21.960 --> 00:45:24.069 align:start position:0% the direct payments going would be going forward<00:45:22.440>in <00:45:22.559>the <00:45:22.720>event <00:45:23.040>this <00:45:23.240>application <00:45:23.720>is 00:45:24.069 --> 00:45:24.079 align:start position:0% forward in the event this application is 00:45:24.079 --> 00:45:27.670 align:start position:0% forward in the event this application is approved<00:45:25.079>yes <00:45:26.079>and <00:45:26.240>that <00:45:26.559>exhibit <00:45:27.000>double <00:45:27.319>e 00:45:27.670 --> 00:45:27.680 align:start position:0% approved yes and that exhibit double e 00:45:27.680 --> 00:45:30.829 align:start position:0% approved yes and that exhibit double e starts<00:45:28.280>at <00:45:28.760>uh <00:45:29.000>page <00:45:29.319>12 <00:45:29.760>of <00:45:29.920>the <00:45:30.119>and 00:45:30.829 --> 00:45:30.839 align:start position:0% starts at uh page 12 of the PDF and 00:45:30.839 --> 00:45:33.910 align:start position:0% starts at uh page 12 of the PDF and continues<00:45:31.359>on <00:45:31.599>for <00:45:31.880>a <00:45:32.040>number <00:45:32.359>of <00:45:32.640>pages <00:45:33.480>until 00:45:33.910 --> 00:45:33.920 align:start position:0% continues on for a number of pages until 00:45:33.920 --> 00:45:35.790 align:start position:0% continues on for a number of pages until we<00:45:34.079>get <00:45:34.240>to <00:45:34.480>page 00:45:35.790 --> 00:45:35.800 align:start position:0% we get to page 00:45:35.800 --> 00:45:38.750 align:start position:0% we get to page 29<00:45:36.800>uh <00:45:37.040>which <00:45:37.160>is <00:45:37.440>our <00:45:37.720>exhibit <00:45:38.480>is <00:45:38.559>that 00:45:38.750 --> 00:45:38.760 align:start position:0% 29 uh which is our exhibit is that 00:45:38.760 --> 00:45:43.750 align:start position:0% 29 uh which is our exhibit is that correct<00:45:39.640>that's <00:45:39.880>correct <00:45:40.839>okay <00:45:41.640>and <00:45:41.960>in <00:45:42.520>in <00:45:43.280>uh 00:45:43.750 --> 00:45:43.760 align:start position:0% correct that's correct okay and in in uh 00:45:43.760 --> 00:45:47.790 align:start position:0% correct that's correct okay and in in uh preparing<00:45:44.599>for <00:45:45.520>your <00:45:46.000>application <00:45:46.839>here <00:45:47.680>uh 00:45:47.790 --> 00:45:47.800 align:start position:0% preparing for your application here uh 00:45:47.800 --> 00:45:49.309 align:start position:0% preparing for your application here uh did<00:45:47.960>you <00:45:48.160>go 00:45:49.309 --> 00:45:49.319 align:start position:0% did you go 00:45:49.319 --> 00:45:53.390 align:start position:0% did you go back<00:45:50.319>and <00:45:50.880>retrieve <00:45:51.720>all <00:45:51.920>of <00:45:52.079>the <00:45:52.319>checks <00:45:53.240>that 00:45:53.390 --> 00:45:53.400 align:start position:0% back and retrieve all of the checks that 00:45:53.400 --> 00:45:55.870 align:start position:0% back and retrieve all of the checks that the<00:45:53.640>operator <00:45:54.160>has <00:45:54.400>paid <00:45:54.800>over <00:45:55.079>the <00:45:55.240>years <00:45:55.640>for 00:45:55.870 --> 00:45:55.880 align:start position:0% the operator has paid over the years for 00:45:55.880 --> 00:45:58.870 align:start position:0% the operator has paid over the years for pertaining<00:45:56.319>to <00:45:56.559>this <00:45:56.800>unit <00:45:57.800>and <00:45:58.000>then <00:45:58.359>compare 00:45:58.870 --> 00:45:58.880 align:start position:0% pertaining to this unit and then compare 00:45:58.880 --> 00:46:00.750 align:start position:0% pertaining to this unit and then compare those<00:45:59.119>checks <00:45:59.599>to <00:45:59.800>the <00:46:00.000>records <00:46:00.480>of <00:46:00.640>the 00:46:00.750 --> 00:46:00.760 align:start position:0% those checks to the records of the 00:46:00.760 --> 00:46:03.230 align:start position:0% those checks to the records of the escrow<00:46:01.359>agent <00:46:01.720>to <00:46:01.960>determine <00:46:02.599>whether <00:46:02.800>or <00:46:02.960>not 00:46:03.230 --> 00:46:03.240 align:start position:0% escrow agent to determine whether or not 00:46:03.240 --> 00:46:08.030 align:start position:0% escrow agent to determine whether or not they<00:46:03.400>matched <00:46:03.920>up <00:46:04.960>yes <00:46:05.960>and <00:46:06.200>is <00:46:06.559>exhibit <00:46:07.119>J 00:46:08.030 --> 00:46:08.040 align:start position:0% they matched up yes and is exhibit J 00:46:08.040 --> 00:46:11.950 align:start position:0% they matched up yes and is exhibit J your<00:46:08.400>report <00:46:08.839>in <00:46:09.040>that <00:46:09.520>regard <00:46:10.520>yes <00:46:10.680>it <00:46:10.880>is <00:46:11.760>and 00:46:11.950 --> 00:46:11.960 align:start position:0% your report in that regard yes it is and 00:46:11.960 --> 00:46:14.589 align:start position:0% your report in that regard yes it is and the<00:46:12.079>first <00:46:12.359>page <00:46:12.559>of <00:46:12.760>exhibit <00:46:13.240>J <00:46:13.640>which <00:46:13.800>is <00:46:14.000>20 00:46:14.589 --> 00:46:14.599 align:start position:0% the first page of exhibit J which is 20 00:46:14.599 --> 00:46:18.790 align:start position:0% the first page of exhibit J which is 20 Page<00:46:14.800>29 <00:46:15.280>at <00:46:15.440>the <00:46:15.559>has <00:46:17.000>uh <00:46:17.559>two <00:46:18.119>entries 00:46:18.790 --> 00:46:18.800 align:start position:0% Page 29 at the PDF has uh two entries 00:46:18.800 --> 00:46:21.589 align:start position:0% Page 29 at the PDF has uh two entries identified<00:46:19.640>in <00:46:20.440>um <00:46:20.720>in 00:46:21.589 --> 00:46:21.599 align:start position:0% identified in um in 00:46:21.599 --> 00:46:26.030 align:start position:0% identified in um in yellow<00:46:22.800>yes <00:46:23.800>and <00:46:24.119>and <00:46:24.880>that <00:46:25.119>indicates <00:46:25.599>that 00:46:26.030 --> 00:46:26.040 align:start position:0% yellow yes and and that indicates that 00:46:26.040 --> 00:46:55.910 align:start position:0% yellow yes and and that indicates that check<00:46:26.319>was <00:46:26.599>cut <00:46:26.839>for 00:46:55.910 --> 00:46:55.920 align:start position:0% 00:46:55.920 --> 00:46:58.470 align:start position:0% okay<00:46:56.559>then <00:46:56.760>as <00:46:56.880>we <00:46:57.040>go <00:46:57.280>through <00:46:57.599>these <00:46:57.920>Pages 00:46:58.470 --> 00:46:58.480 align:start position:0% okay then as we go through these Pages 00:46:58.480 --> 00:47:02.470 align:start position:0% okay then as we go through these Pages we<00:46:58.640>find <00:46:59.000>at <00:46:59.200>this <00:46:59.480>at <00:46:59.680>page <00:46:59.960>30 <00:47:00.960>another <00:47:01.480>entry 00:47:02.470 --> 00:47:02.480 align:start position:0% we find at this at page 30 another entry 00:47:02.480 --> 00:47:05.790 align:start position:0% we find at this at page 30 another entry uh<00:47:03.240>sort <00:47:03.440>of <00:47:03.559>in <00:47:03.680>the <00:47:03.800>middle <00:47:04.119>of <00:47:04.359>that <00:47:04.720>page <00:47:05.680>uh 00:47:05.790 --> 00:47:05.800 align:start position:0% uh sort of in the middle of that page uh 00:47:05.800 --> 00:47:08.150 align:start position:0% uh sort of in the middle of that page uh in<00:47:06.040>yellow <00:47:06.680>which <00:47:06.839>indicates <00:47:07.359>another <00:47:07.720>issue 00:47:08.150 --> 00:47:08.160 align:start position:0% in yellow which indicates another issue 00:47:08.160 --> 00:47:11.750 align:start position:0% in yellow which indicates another issue with<00:47:08.359>regard <00:47:08.720>to <00:47:09.440>a <00:47:09.680>deposit <00:47:10.319>that <00:47:10.480>was <00:47:10.760>made 00:47:11.750 --> 00:47:11.760 align:start position:0% with regard to a deposit that was made 00:47:11.760 --> 00:47:13.190 align:start position:0% with regard to a deposit that was made and<00:47:11.880>no <00:47:12.160>corresponding <00:47:12.720>check <00:47:12.960>that <00:47:13.119>you 00:47:13.190 --> 00:47:13.200 align:start position:0% and no corresponding check that you 00:47:13.200 --> 00:47:17.270 align:start position:0% and no corresponding check that you could<00:47:13.680>find <00:47:14.920>yes <00:47:15.920>and <00:47:16.079>then <00:47:16.559>then <00:47:16.720>we've <00:47:16.960>got 00:47:17.270 --> 00:47:17.280 align:start position:0% could find yes and then then we've got 00:47:17.280 --> 00:47:20.069 align:start position:0% could find yes and then then we've got at<00:47:17.400>the <00:47:17.640>bottom <00:47:17.960>of <00:47:18.200>page <00:47:18.480>30 <00:47:19.200>we've <00:47:19.400>got <00:47:19.839>some 00:47:20.069 --> 00:47:20.079 align:start position:0% at the bottom of page 30 we've got some 00:47:20.079 --> 00:47:24.109 align:start position:0% at the bottom of page 30 we've got some stuff<00:47:20.359>in <00:47:20.599>Darker <00:47:21.200>brackets <00:47:22.359>correct <00:47:23.359>yes <00:47:23.960>and 00:47:24.109 --> 00:47:24.119 align:start position:0% stuff in Darker brackets correct yes and 00:47:24.119 --> 00:47:26.790 align:start position:0% stuff in Darker brackets correct yes and when<00:47:24.240>you <00:47:24.400>do <00:47:24.599>that <00:47:24.800>what <00:47:24.880>does <00:47:25.079>that <00:47:25.240>indicate 00:47:26.790 --> 00:47:26.800 align:start position:0% when you do that what does that indicate 00:47:26.800 --> 00:47:29.549 align:start position:0% when you do that what does that indicate that<00:47:26.960>indicates <00:47:27.599>that <00:47:27.839>the <00:47:28.520>amounts <00:47:29.119>appear 00:47:29.549 --> 00:47:29.559 align:start position:0% that indicates that the amounts appear 00:47:29.559 --> 00:47:31.549 align:start position:0% that indicates that the amounts appear to<00:47:29.800>not <00:47:30.160>align <00:47:30.680>with <00:47:30.839>each <00:47:31.000>other <00:47:31.280>but <00:47:31.440>when 00:47:31.549 --> 00:47:31.559 align:start position:0% to not align with each other but when 00:47:31.559 --> 00:47:35.230 align:start position:0% to not align with each other but when you<00:47:31.760>add <00:47:32.040>them <00:47:32.640>together <00:47:33.640>uh <00:47:34.640>the <00:47:35.040>the 00:47:35.230 --> 00:47:35.240 align:start position:0% you add them together uh the the 00:47:35.240 --> 00:47:38.190 align:start position:0% you add them together uh the the deposits<00:47:35.920>match <00:47:36.280>each <00:47:36.440>other <00:47:36.680>on <00:47:36.880>both <00:47:37.200>sides 00:47:38.190 --> 00:47:38.200 align:start position:0% deposits match each other on both sides 00:47:38.200 --> 00:47:40.030 align:start position:0% deposits match each other on both sides okay<00:47:38.760>and <00:47:38.880>that <00:47:39.000>would <00:47:39.160>be <00:47:39.319>true <00:47:39.599>as <00:47:39.720>we <00:47:39.880>go 00:47:40.030 --> 00:47:40.040 align:start position:0% okay and that would be true as we go 00:47:40.040 --> 00:47:42.390 align:start position:0% okay and that would be true as we go forward<00:47:40.400>with <00:47:40.480>in <00:47:40.599>the <00:47:40.720>next <00:47:41.000>couple <00:47:41.240>of <00:47:41.680>uh 00:47:42.390 --> 00:47:42.400 align:start position:0% forward with in the next couple of uh 00:47:42.400 --> 00:47:44.349 align:start position:0% forward with in the next couple of uh docket<00:47:42.760>items <00:47:43.079>as <00:47:43.240>well <00:47:43.520>if <00:47:43.760>if <00:47:43.880>you've <00:47:44.119>got 00:47:44.349 --> 00:47:44.359 align:start position:0% docket items as well if if you've got 00:47:44.359 --> 00:47:46.750 align:start position:0% docket items as well if if you've got something<00:47:44.760>that <00:47:45.040>looks <00:47:45.400>odd <00:47:45.839>but <00:47:46.000>you <00:47:46.119>can <00:47:46.520>you 00:47:46.750 --> 00:47:46.760 align:start position:0% something that looks odd but you can you 00:47:46.760 --> 00:47:49.270 align:start position:0% something that looks odd but you can you can<00:47:47.000>reconcile <00:47:47.760>you <00:47:47.960>outline <00:47:48.359>it <00:47:48.520>in <00:47:48.640>a <00:47:48.839>darker 00:47:49.270 --> 00:47:49.280 align:start position:0% can reconcile you outline it in a darker 00:47:49.280 --> 00:47:52.150 align:start position:0% can reconcile you outline it in a darker black<00:47:49.880>uh <00:47:50.319>border 00:47:52.150 --> 00:47:52.160 align:start position:0% black uh border 00:47:52.160 --> 00:47:56.230 align:start position:0% black uh border yes<00:47:53.160>and <00:47:53.319>as <00:47:53.480>we <00:47:53.680>get <00:47:53.800>to <00:47:54.000>the <00:47:54.200>end <00:47:54.760>here <00:47:56.040>uh 00:47:56.230 --> 00:47:56.240 align:start position:0% yes and as we get to the end here uh 00:47:56.240 --> 00:47:58.870 align:start position:0% yes and as we get to the end here uh have<00:47:56.440>you <00:47:56.960>provided <00:47:57.680>some 00:47:58.870 --> 00:47:58.880 align:start position:0% have you provided some 00:47:58.880 --> 00:48:01.710 align:start position:0% have you provided some calculations<00:47:59.880>uh <00:48:00.079>that <00:48:00.280>you've <00:48:00.640>made <00:48:01.119>to <00:48:01.440>to 00:48:01.710 --> 00:48:01.720 align:start position:0% calculations uh that you've made to to 00:48:01.720 --> 00:48:04.549 align:start position:0% calculations uh that you've made to to try<00:48:01.920>and <00:48:02.319>compare <00:48:03.319>or <00:48:03.680>for <00:48:03.839>the <00:48:04.000>purpose <00:48:04.319>of 00:48:04.549 --> 00:48:04.559 align:start position:0% try and compare or for the purpose of 00:48:04.559 --> 00:48:07.710 align:start position:0% try and compare or for the purpose of comparing<00:48:05.119>your <00:48:05.559>internal <00:48:06.559>uh <00:48:07.000>calculations 00:48:07.710 --> 00:48:07.720 align:start position:0% comparing your internal uh calculations 00:48:07.720 --> 00:48:10.030 align:start position:0% comparing your internal uh calculations with<00:48:07.920>regard <00:48:08.200>to <00:48:08.359>the <00:48:08.880>potential <00:48:09.359>balance <00:48:09.800>to 00:48:10.030 --> 00:48:10.040 align:start position:0% with regard to the potential balance to 00:48:10.040 --> 00:48:13.829 align:start position:0% with regard to the potential balance to the<00:48:10.680>October <00:48:11.400>2023 <00:48:12.400>First <00:48:12.720>Bank <00:48:12.960>and <00:48:13.160>Trust 00:48:13.829 --> 00:48:13.839 align:start position:0% the October 2023 First Bank and Trust 00:48:13.839 --> 00:48:18.390 align:start position:0% the October 2023 First Bank and Trust balance<00:48:15.119>yes <00:48:16.119>and <00:48:16.280>you <00:48:16.720>indicate <00:48:17.720>uh <00:48:18.200>youve 00:48:18.390 --> 00:48:18.400 align:start position:0% balance yes and you indicate uh youve 00:48:18.400 --> 00:48:20.670 align:start position:0% balance yes and you indicate uh youve got<00:48:18.640>your <00:48:18.800>first <00:48:19.040>entry <00:48:19.400>is <00:48:19.680>you <00:48:19.920>the <00:48:20.119>total 00:48:20.670 --> 00:48:20.680 align:start position:0% got your first entry is you the total 00:48:20.680 --> 00:48:23.829 align:start position:0% got your first entry is you the total that<00:48:20.920>that <00:48:21.079>you <00:48:21.800>that <00:48:21.960>the <00:48:22.119>operator <00:48:22.520>has 00:48:23.829 --> 00:48:23.839 align:start position:0% that that you that the operator has 00:48:23.839 --> 00:48:26.470 align:start position:0% that that you that the operator has deposited<00:48:24.839>yes <00:48:25.400>and <00:48:25.760>you <00:48:25.920>account <00:48:26.200>for 00:48:26.470 --> 00:48:26.480 align:start position:0% deposited yes and you account for 00:48:26.480 --> 00:48:29.990 align:start position:0% deposited yes and you account for dispersements<00:48:27.280>quite <00:48:27.480>a <00:48:27.599>number <00:48:27.839>of <00:48:28.520>them <00:48:29.520>uh 00:48:29.990 --> 00:48:30.000 align:start position:0% dispersements quite a number of them uh 00:48:30.000 --> 00:48:32.069 align:start position:0% dispersements quite a number of them uh projected<00:48:30.640>or <00:48:30.880>interest <00:48:31.200>and <00:48:31.400>fees <00:48:31.839>that <00:48:32.000>you 00:48:32.069 --> 00:48:32.079 align:start position:0% projected or interest and fees that you 00:48:32.079 --> 00:48:33.630 align:start position:0% projected or interest and fees that you were<00:48:32.240>able <00:48:32.400>to <00:48:32.640>capture <00:48:32.960>from <00:48:33.119>the <00:48:33.240>bank's 00:48:33.630 --> 00:48:33.640 align:start position:0% were able to capture from the bank's 00:48:33.640 --> 00:48:35.510 align:start position:0% were able to capture from the bank's records<00:48:34.079>and <00:48:34.200>you <00:48:34.319>come <00:48:34.480>up <00:48:34.640>with <00:48:34.760>a <00:48:34.920>total <00:48:35.400>and 00:48:35.510 --> 00:48:35.520 align:start position:0% records and you come up with a total and 00:48:35.520 --> 00:48:37.710 align:start position:0% records and you come up with a total and then<00:48:35.680>you <00:48:36.160>when <00:48:36.280>you <00:48:36.440>compare <00:48:37.000>that <00:48:37.200>total <00:48:37.520>to 00:48:37.710 --> 00:48:37.720 align:start position:0% then you when you compare that total to 00:48:37.720 --> 00:48:39.549 align:start position:0% then you when you compare that total to the<00:48:37.880>October <00:48:38.359>balance <00:48:38.880>is <00:48:39.000>there <00:48:39.160>a 00:48:39.549 --> 00:48:39.559 align:start position:0% the October balance is there a 00:48:39.559 --> 00:48:42.990 align:start position:0% the October balance is there a difference<00:48:40.559>there <00:48:40.920>is <00:48:41.920>and <00:48:42.119>what's <00:48:42.280>the 00:48:42.990 --> 00:48:43.000 align:start position:0% difference there is and what's the 00:48:43.000 --> 00:48:46.230 align:start position:0% difference there is and what's the difference<00:48:44.000>uh <00:48:44.200>First <00:48:44.480>Bank <00:48:44.680>and <00:48:44.880>Trust <00:48:45.160>shows 00:48:46.230 --> 00:48:46.240 align:start position:0% difference uh First Bank and Trust shows 00:48:46.240 --> 00:48:50.190 align:start position:0% difference uh First Bank and Trust shows $215<00:48:47.240>42 <00:48:48.160>more <00:48:48.559>than <00:48:48.839>our <00:48:49.200>deposits <00:48:50.000>can 00:48:50.190 --> 00:48:50.200 align:start position:0% $215 42 more than our deposits can 00:48:50.200 --> 00:48:55.549 align:start position:0% $215 42 more than our deposits can account<00:48:50.520>for <00:48:51.880>okay <00:48:53.000>uh <00:48:54.000>and <00:48:54.319>I <00:48:54.480>believe <00:48:55.240>uh <00:48:55.359>Mr 00:48:55.549 --> 00:48:55.559 align:start position:0% account for okay uh and I believe uh Mr 00:48:55.559 --> 00:48:57.870 align:start position:0% account for okay uh and I believe uh Mr Mr<00:48:55.720>chairman <00:48:56.040>that <00:48:56.240>that's <00:48:56.440>all <00:48:56.720>we <00:48:57.079>have <00:48:57.720>uh 00:48:57.870 --> 00:48:57.880 align:start position:0% Mr chairman that that's all we have uh 00:48:57.880 --> 00:49:00.589 align:start position:0% Mr chairman that that's all we have uh with<00:48:58.119>regard <00:48:58.440>to <00:48:58.760>this <00:48:59.200>uh 00:49:00.589 --> 00:49:00.599 align:start position:0% with regard to this uh 00:49:00.599 --> 00:49:03.390 align:start position:0% with regard to this uh petition<00:49:01.599>okay <00:49:02.119>thank <00:49:02.319>you <00:49:02.799>uh <00:49:03.000>questions 00:49:03.390 --> 00:49:03.400 align:start position:0% petition okay thank you uh questions 00:49:03.400 --> 00:49:09.950 align:start position:0% petition okay thank you uh questions from<00:49:03.760>board 00:49:09.950 --> 00:49:09.960 align:start position:0% 00:49:09.960 --> 00:49:12.109 align:start position:0% members<00:49:10.960>okay 00:49:12.109 --> 00:49:12.119 align:start position:0% members okay 00:49:12.119 --> 00:49:15.030 align:start position:0% members okay uh<00:49:13.119>I <00:49:13.280>guess <00:49:13.599>the <00:49:13.720>board <00:49:14.599>and <00:49:14.720>you <00:49:14.880>have 00:49:15.030 --> 00:49:15.040 align:start position:0% uh I guess the board and you have 00:49:15.040 --> 00:49:17.069 align:start position:0% uh I guess the board and you have nothing<00:49:15.240>else <00:49:15.480>Mr <00:49:15.760>Sports <00:49:16.079>is <00:49:16.240>that <00:49:16.400>it 00:49:17.069 --> 00:49:17.079 align:start position:0% nothing else Mr Sports is that it 00:49:17.079 --> 00:49:18.670 align:start position:0% nothing else Mr Sports is that it correct<00:49:17.520>we're <00:49:17.799>we're <00:49:18.119>that's <00:49:18.359>that's <00:49:18.520>what 00:49:18.670 --> 00:49:18.680 align:start position:0% correct we're we're that's that's what 00:49:18.680 --> 00:49:21.309 align:start position:0% correct we're we're that's that's what we<00:49:18.799>wanted <00:49:19.079>to <00:49:19.400>present <00:49:20.400>okay <00:49:20.839>the <00:49:21.040>board 00:49:21.309 --> 00:49:21.319 align:start position:0% we wanted to present okay the board 00:49:21.319 --> 00:49:24.510 align:start position:0% we wanted to present okay the board operates<00:49:21.720>on <00:49:21.839>a 00:49:24.510 --> 00:49:24.520 align:start position:0% 00:49:24.520 --> 00:49:28.910 align:start position:0% motion<00:49:25.680>second <00:49:26.520>okay <00:49:26.839>fine <00:49:27.640>uh <00:49:28.000>any <00:49:28.520>further 00:49:28.910 --> 00:49:28.920 align:start position:0% motion second okay fine uh any further 00:49:28.920 --> 00:49:32.549 align:start position:0% motion second okay fine uh any further discussion<00:49:29.400>before <00:49:29.640>we <00:49:29.760>take <00:49:29.920>a <00:49:30.520>vote <00:49:31.520>okay <00:49:32.319>uh 00:49:32.549 --> 00:49:32.559 align:start position:0% discussion before we take a vote okay uh 00:49:32.559 --> 00:49:36.430 align:start position:0% discussion before we take a vote okay uh would<00:49:32.680>you <00:49:32.839>pull <00:49:33.160>the <00:49:33.240>board <00:49:33.640>for <00:49:34.119>that <00:49:35.440>motion 00:49:36.430 --> 00:49:36.440 align:start position:0% would you pull the board for that motion 00:49:36.440 --> 00:49:42.109 align:start position:0% would you pull the board for that motion yes<00:49:37.400>Mrs <00:49:37.720>S <00:49:38.559>yes <00:49:39.079>Mr <00:49:39.440>Harris <00:49:40.240>yes <00:49:40.720>Mr <00:49:41.119>Janson 00:49:42.109 --> 00:49:42.119 align:start position:0% yes Mrs S yes Mr Harris yes Mr Janson 00:49:42.119 --> 00:49:45.829 align:start position:0% yes Mrs S yes Mr Harris yes Mr Janson yes<00:49:42.640>Mr <00:49:43.000>Cochran <00:49:44.000>yes <00:49:44.640>Mr 00:49:45.829 --> 00:49:45.839 align:start position:0% yes Mr Cochran yes Mr 00:49:45.839 --> 00:49:51.230 align:start position:0% yes Mr Cochran yes Mr Prather<00:49:46.839>yes <00:49:47.760>and <00:49:47.960>Mr 00:49:51.230 --> 00:49:51.240 align:start position:0% 00:49:51.240 --> 00:49:52.950 align:start position:0% Ras 00:49:52.950 --> 00:49:52.960 align:start position:0% Ras 00:49:52.960 --> 00:49:57.789 align:start position:0% Ras yes<00:49:53.960>fine <00:49:54.480>that <00:49:54.960>uh <00:49:55.200>petition <00:49:56.000>has <00:49:57.000>uh <00:49:57.240>passed 00:49:57.789 --> 00:49:57.799 align:start position:0% yes fine that uh petition has uh passed 00:49:57.799 --> 00:50:00.589 align:start position:0% yes fine that uh petition has uh passed so 00:50:00.589 --> 00:50:00.599 align:start position:0% so 00:50:00.599 --> 00:50:03.990 align:start position:0% so uh<00:50:01.599>we'll <00:50:01.799>move <00:50:02.000>on <00:50:02.119>to <00:50:02.319>the <00:50:02.520>next <00:50:03.000>item <00:50:03.839>and 00:50:03.990 --> 00:50:04.000 align:start position:0% uh we'll move on to the next item and 00:50:04.000 --> 00:50:05.470 align:start position:0% uh we'll move on to the next item and that's<00:50:04.280>item <00:50:04.599>number 00:50:05.470 --> 00:50:05.480 align:start position:0% that's item number 00:50:05.480 --> 00:50:08.190 align:start position:0% that's item number seven<00:50:06.480>uh <00:50:06.599>on <00:50:06.760>your <00:50:07.079>list <00:50:07.480>uh <00:50:07.640>petition <00:50:08.000>from 00:50:08.190 --> 00:50:08.200 align:start position:0% seven uh on your list uh petition from 00:50:08.200 --> 00:50:11.030 align:start position:0% seven uh on your list uh petition from Pocahontas<00:50:08.799>gas <00:50:09.079>LLC <00:50:09.799>for <00:50:10.160>one <00:50:10.839>the 00:50:11.030 --> 00:50:11.040 align:start position:0% Pocahontas gas LLC for one the 00:50:11.040 --> 00:50:14.030 align:start position:0% Pocahontas gas LLC for one the dispersement<00:50:11.599>of <00:50:11.760>escro <00:50:12.640>of <00:50:12.799>escro <00:50:13.400>funds 00:50:14.030 --> 00:50:14.040 align:start position:0% dispersement of escro of escro funds 00:50:14.040 --> 00:50:15.950 align:start position:0% dispersement of escro of escro funds here<00:50:14.240>to <00:50:14.400>for <00:50:14.640>deposited <00:50:15.280>with <00:50:15.440>the <00:50:15.559>board's 00:50:15.950 --> 00:50:15.960 align:start position:0% here to for deposited with the board's 00:50:15.960 --> 00:50:17.190 align:start position:0% here to for deposited with the board's escrow 00:50:17.190 --> 00:50:17.200 align:start position:0% escrow 00:50:17.200 --> 00:50:21.750 align:start position:0% escrow agent<00:50:18.200>uh <00:50:18.880>I <00:50:18.960>don't <00:50:19.119>know <00:50:19.200>if <00:50:19.319>I <00:50:19.480>need <00:50:20.160>well <00:50:21.160>to 00:50:21.750 --> 00:50:21.760 align:start position:0% agent uh I don't know if I need well to 00:50:21.760 --> 00:50:25.670 align:start position:0% agent uh I don't know if I need well to portions<00:50:22.160>of <00:50:22.400>track <00:50:22.640>2 <00:50:22.880>a <00:50:23.359>2 <00:50:23.640>b <00:50:23.880>2 <00:50:24.119>c <00:50:24.359>2 <00:50:24.599>d <00:50:24.880>2 <00:50:25.119>f <00:50:25.480>to 00:50:25.670 --> 00:50:25.680 align:start position:0% portions of track 2 a 2 b 2 c 2 d 2 f to 00:50:25.680 --> 00:50:31.710 align:start position:0% portions of track 2 a 2 b 2 c 2 d 2 f to G<00:50:25.920>to <00:50:26.160>H <00:50:26.799>to <00:50:27.040>I <00:50:27.799>to <00:50:28.160>J <00:50:28.760>2 <00:50:29.040>k <00:50:29.280>to <00:50:29.520>L <00:50:30.280>portions <00:50:31.280>well 00:50:31.710 --> 00:50:31.720 align:start position:0% G to H to I to J 2 k to L portions well 00:50:31.720 --> 00:50:33.510 align:start position:0% G to H to I to J 2 k to L portions well several<00:50:32.160>listed <00:50:32.520>and <00:50:32.680>we'll <00:50:32.880>give <00:50:33.119>to <00:50:33.359>the 00:50:33.510 --> 00:50:33.520 align:start position:0% several listed and we'll give to the 00:50:33.520 --> 00:50:36.870 align:start position:0% several listed and we'll give to the docket<00:50:33.839>number <00:50:34.000>here <00:50:34.119>in <00:50:34.240>a <00:50:34.599>second <00:50:35.599>uh <00:50:35.760>two <00:50:36.280>to 00:50:36.870 --> 00:50:36.880 align:start position:0% docket number here in a second uh two to 00:50:36.880 --> 00:50:40.030 align:start position:0% docket number here in a second uh two to authorization<00:50:37.520>to <00:50:37.680>begin <00:50:38.000>paying <00:50:38.680>royalties 00:50:40.030 --> 00:50:40.040 align:start position:0% authorization to begin paying royalties 00:50:40.040 --> 00:50:45.150 align:start position:0% authorization to begin paying royalties three<00:50:41.040>to <00:50:41.720>dismiss <00:50:42.520>uh <00:50:42.680>or <00:50:42.960>the <00:50:43.200>dismissal <00:50:43.760>of 00:50:45.150 --> 00:50:45.160 align:start position:0% three to dismiss uh or the dismissal of 00:50:45.160 --> 00:50:48.470 align:start position:0% three to dismiss uh or the dismissal of co-owners<00:50:46.160>uh <00:50:46.559>and <00:50:47.200>uh <00:50:47.440>the <00:50:47.559>docket <00:50:47.960>number <00:50:48.280>or 00:50:48.470 --> 00:50:48.480 align:start position:0% co-owners uh and uh the docket number or 00:50:48.480 --> 00:50:50.150 align:start position:0% co-owners uh and uh the docket number or and<00:50:48.640>that's <00:50:48.799>in <00:50:49.000>unit 00:50:50.150 --> 00:50:50.160 align:start position:0% and that's in unit 00:50:50.160 --> 00:50:54.430 align:start position:0% and that's in unit r49<00:50:51.160>the <00:50:51.359>donet <00:50:51.760>number <00:50:51.960>is <00:50:52.119>VG <00:50:52.559>o 00:50:54.430 --> 00:50:54.440 align:start position:0% r49 the donet number is VG o 00:50:54.440 --> 00:50:56.150 align:start position:0% r49 the donet number is VG o 09- 00:50:56.150 --> 00:50:56.160 align:start position:0% 09- 00:50:56.160 --> 00:50:58.470 align:start position:0% 09- 317 00:50:58.470 --> 00:50:58.480 align:start position:0% 317 00:50:58.480 --> 00:51:00.309 align:start position:0% 317 d2487 00:51:00.309 --> 00:51:00.319 align:start position:0% d2487 00:51:00.319 --> 00:51:03.390 align:start position:0% d2487 d03<00:51:01.319>we' <00:51:01.680>ask <00:51:01.960>all <00:51:02.240>parties <00:51:02.720>who <00:51:02.920>wish <00:51:03.160>to 00:51:03.390 --> 00:51:03.400 align:start position:0% d03 we' ask all parties who wish to 00:51:03.400 --> 00:51:06.150 align:start position:0% d03 we' ask all parties who wish to speak<00:51:03.599>to <00:51:03.799>this <00:51:04.040>petition <00:51:04.480>to <00:51:04.760>please <00:51:05.520>come 00:51:06.150 --> 00:51:06.160 align:start position:0% speak to this petition to please come 00:51:06.160 --> 00:51:09.750 align:start position:0% speak to this petition to please come forward<00:51:07.160>Mark <00:51:07.440>Schwarz <00:51:07.839>and <00:51:08.000>Kelly <00:51:08.760>Barry 00:51:09.750 --> 00:51:09.760 align:start position:0% forward Mark Schwarz and Kelly Barry 00:51:09.760 --> 00:51:11.549 align:start position:0% forward Mark Schwarz and Kelly Barry fine<00:51:10.319>uh <00:51:10.480>and <00:51:10.599>the <00:51:10.720>record <00:51:11.000>will <00:51:11.119>show <00:51:11.440>there 00:51:11.549 --> 00:51:11.559 align:start position:0% fine uh and the record will show there 00:51:11.559 --> 00:51:14.150 align:start position:0% fine uh and the record will show there are<00:51:11.720>no <00:51:11.920>others <00:51:12.240>so <00:51:12.440>you <00:51:12.559>may <00:51:12.960>proceed <00:51:13.960>thank 00:51:14.150 --> 00:51:14.160 align:start position:0% are no others so you may proceed thank 00:51:14.160 --> 00:51:16.670 align:start position:0% are no others so you may proceed thank you<00:51:14.720>uh <00:51:15.599>I <00:51:15.680>think <00:51:15.839>the <00:51:15.960>record <00:51:16.280>should <00:51:16.440>also 00:51:16.670 --> 00:51:16.680 align:start position:0% you uh I think the record should also 00:51:16.680 --> 00:51:18.750 align:start position:0% you uh I think the record should also indicate<00:51:17.079>that <00:51:17.240>Kelly <00:51:17.599>has <00:51:17.799>previously <00:51:18.240>been 00:51:18.750 --> 00:51:18.760 align:start position:0% indicate that Kelly has previously been 00:51:18.760 --> 00:51:21.150 align:start position:0% indicate that Kelly has previously been sworn<00:51:19.760>yes <00:51:20.119>okay <00:51:20.280>the <00:51:20.400>record <00:51:20.640>will <00:51:20.839>refle 00:51:21.150 --> 00:51:21.160 align:start position:0% sworn yes okay the record will refle 00:51:21.160 --> 00:51:23.230 align:start position:0% sworn yes okay the record will refle like<00:51:21.359>that <00:51:22.119>keelly <00:51:22.559>could <00:51:22.680>you <00:51:22.839>state <00:51:23.079>your 00:51:23.230 --> 00:51:23.240 align:start position:0% like that keelly could you state your 00:51:23.240 --> 00:51:25.950 align:start position:0% like that keelly could you state your name<00:51:23.559>again <00:51:23.760>for <00:51:23.960>the <00:51:24.119>record <00:51:24.520>please <00:51:25.559>Kelly 00:51:25.950 --> 00:51:25.960 align:start position:0% name again for the record please Kelly 00:51:25.960 --> 00:51:29.789 align:start position:0% name again for the record please Kelly Berry<00:51:26.960>and <00:51:27.240>who <00:51:27.359>do <00:51:27.520>you <00:51:27.760>work <00:51:28.119>for <00:51:29.119>Pocahontas 00:51:29.789 --> 00:51:29.799 align:start position:0% Berry and who do you work for Pocahontas 00:51:29.799 --> 00:51:33.470 align:start position:0% Berry and who do you work for Pocahontas scas<00:51:30.400>LLC <00:51:31.400>and <00:51:31.559>are <00:51:31.720>you <00:51:32.000>here <00:51:32.440>on <00:51:32.799>behalf <00:51:33.240>of 00:51:33.470 --> 00:51:33.480 align:start position:0% scas LLC and are you here on behalf of 00:51:33.480 --> 00:51:35.150 align:start position:0% scas LLC and are you here on behalf of Pocahontas<00:51:34.119>gas <00:51:34.440>today <00:51:34.680>who <00:51:34.799>is <00:51:34.960>the 00:51:35.150 --> 00:51:35.160 align:start position:0% Pocahontas gas today who is the 00:51:35.160 --> 00:51:39.390 align:start position:0% Pocahontas gas today who is the petitioner<00:51:35.760>on <00:51:36.000>this <00:51:36.680>application <00:51:37.680>yes <00:51:38.680>okay 00:51:39.390 --> 00:51:39.400 align:start position:0% petitioner on this application yes okay 00:51:39.400 --> 00:51:42.030 align:start position:0% petitioner on this application yes okay and<00:51:39.880>in <00:51:40.119>this <00:51:40.280>one <00:51:40.559>we <00:51:40.799>actually <00:51:41.160>have <00:51:41.720>all 00:51:42.030 --> 00:51:42.040 align:start position:0% and in this one we actually have all 00:51:42.040 --> 00:51:44.750 align:start position:0% and in this one we actually have all three<00:51:42.960>U <00:51:43.200>of <00:51:43.680>the <00:51:43.799>things <00:51:44.000>that <00:51:44.160>we <00:51:44.319>normally 00:51:44.750 --> 00:51:44.760 align:start position:0% three U of the things that we normally 00:51:44.760 --> 00:51:46.910 align:start position:0% three U of the things that we normally ask<00:51:45.000>for <00:51:45.200>we're <00:51:45.440>requesting <00:51:45.960>a <00:51:46.200>dispersement 00:51:46.910 --> 00:51:46.920 align:start position:0% ask for we're requesting a dispersement 00:51:46.920 --> 00:51:49.789 align:start position:0% ask for we're requesting a dispersement from<00:51:47.119>escrow <00:51:48.000>which <00:51:48.160>will <00:51:48.680>have <00:51:48.839>some <00:51:49.040>tables 00:51:49.789 --> 00:51:49.799 align:start position:0% from escrow which will have some tables 00:51:49.799 --> 00:51:52.789 align:start position:0% from escrow which will have some tables to<00:51:50.040>talk <00:51:50.440>about <00:51:51.440>uh <00:51:51.680>we're <00:51:52.040>we're <00:51:52.319>talking 00:51:52.789 --> 00:51:52.799 align:start position:0% to talk about uh we're we're talking 00:51:52.799 --> 00:51:55.870 align:start position:0% to talk about uh we're we're talking about<00:51:53.599>uh <00:51:53.839>requesting <00:51:54.480>that <00:51:54.680>the <00:51:54.880>folks 00:51:55.870 --> 00:51:55.880 align:start position:0% about uh requesting that the folks 00:51:55.880 --> 00:51:57.990 align:start position:0% about uh requesting that the folks that<00:51:56.160>that <00:51:56.319>some <00:51:56.599>folks <00:51:56.960>be <00:51:57.240>authorized <00:51:57.839>to 00:51:57.990 --> 00:51:58.000 align:start position:0% that that some folks be authorized to 00:51:58.000 --> 00:52:00.549 align:start position:0% that that some folks be authorized to receive<00:51:58.400>direct <00:51:58.720>payments <00:51:59.160>and <00:51:59.440>lastly <00:52:00.400>we're 00:52:00.549 --> 00:52:00.559 align:start position:0% receive direct payments and lastly we're 00:52:00.559 --> 00:52:02.270 align:start position:0% receive direct payments and lastly we're going<00:52:00.680>to <00:52:00.880>talk <00:52:01.079>about <00:52:01.280>a <00:52:01.480>dismissal <00:52:01.960>of <00:52:02.119>Some 00:52:02.270 --> 00:52:02.280 align:start position:0% going to talk about a dismissal of Some 00:52:02.280 --> 00:52:05.390 align:start position:0% going to talk about a dismissal of Some Coal<00:52:02.640>interests <00:52:03.119>correct <00:52:04.119>that's <00:52:04.400>correct 00:52:05.390 --> 00:52:05.400 align:start position:0% Coal interests correct that's correct 00:52:05.400 --> 00:52:09.150 align:start position:0% Coal interests correct that's correct okay<00:52:06.400>um <00:52:07.240>the 00:52:09.150 --> 00:52:09.160 align:start position:0% okay um the 00:52:09.160 --> 00:52:15.030 align:start position:0% okay um the uh<00:52:10.160>in <00:52:10.440>in <00:52:10.760>part <00:52:11.599>uh <00:52:12.040>we <00:52:12.240>are <00:52:12.559>talking <00:52:13.280>about <00:52:14.200>a 00:52:15.030 --> 00:52:15.040 align:start position:0% uh in in part uh we are talking about a 00:52:15.040 --> 00:52:17.510 align:start position:0% uh in in part uh we are talking about a dispersements<00:52:16.040>based <00:52:16.400>on <00:52:16.559>a <00:52:16.720>split <00:52:17.079>agreement 00:52:17.510 --> 00:52:17.520 align:start position:0% dispersements based on a split agreement 00:52:17.520 --> 00:52:18.589 align:start position:0% dispersements based on a split agreement is<00:52:17.680>that 00:52:18.589 --> 00:52:18.599 align:start position:0% is that 00:52:18.599 --> 00:52:21.670 align:start position:0% is that correct<00:52:19.599>yes <00:52:19.799>that <00:52:19.920>is <00:52:20.160>correct <00:52:21.160>okay <00:52:21.520>and 00:52:21.670 --> 00:52:21.680 align:start position:0% correct yes that is correct okay and 00:52:21.680 --> 00:52:24.549 align:start position:0% correct yes that is correct okay and then<00:52:21.880>we've <00:52:22.079>got <00:52:22.240>a <00:52:22.440>long <00:52:22.880>list <00:52:23.160>of <00:52:23.359>names <00:52:24.280>of 00:52:24.549 --> 00:52:24.559 align:start position:0% then we've got a long list of names of 00:52:24.559 --> 00:52:26.990 align:start position:0% then we've got a long list of names of people<00:52:25.440>that <00:52:25.680>we <00:52:25.880>are <00:52:26.280>requesting 00:52:26.990 --> 00:52:27.000 align:start position:0% people that we are requesting 00:52:27.000 --> 00:52:30.150 align:start position:0% people that we are requesting dispersements<00:52:27.920>to <00:52:28.440>under <00:52:29.119>the <00:52:29.599>uh <00:52:29.720>gas <00:52:29.960>and 00:52:30.150 --> 00:52:30.160 align:start position:0% dispersements to under the uh gas and 00:52:30.160 --> 00:52:32.510 align:start position:0% dispersements to under the uh gas and oil<00:52:30.520>act <00:52:30.880>because <00:52:31.160>they're <00:52:31.480>coal <00:52:31.760>owner <00:52:32.400>I'm 00:52:32.510 --> 00:52:32.520 align:start position:0% oil act because they're coal owner I'm 00:52:32.520 --> 00:52:35.990 align:start position:0% oil act because they're coal owner I'm sorry<00:52:33.160>they're <00:52:33.480>gas <00:52:33.720>owners <00:52:34.240>correct <00:52:35.160>that's 00:52:35.990 --> 00:52:36.000 align:start position:0% sorry they're gas owners correct that's 00:52:36.000 --> 00:52:38.630 align:start position:0% sorry they're gas owners correct that's correct<00:52:37.000>and <00:52:37.119>then <00:52:37.319>number <00:52:37.720>three <00:52:38.200>is <00:52:38.359>a 00:52:38.630 --> 00:52:38.640 align:start position:0% correct and then number three is a 00:52:38.640 --> 00:52:42.150 align:start position:0% correct and then number three is a dismissal<00:52:39.359>of <00:52:39.920>some <00:52:40.920>well <00:52:41.119>a <00:52:41.359>dismissal <00:52:41.960>of 00:52:42.150 --> 00:52:42.160 align:start position:0% dismissal of some well a dismissal of 00:52:42.160 --> 00:52:46.270 align:start position:0% dismissal of some well a dismissal of hurt<00:52:42.640>Maguire <00:52:43.640>or <00:52:44.400>Maguire <00:52:45.200>Herz <00:52:46.079>because 00:52:46.270 --> 00:52:46.280 align:start position:0% hurt Maguire or Maguire Herz because 00:52:46.280 --> 00:52:49.549 align:start position:0% hurt Maguire or Maguire Herz because they've<00:52:46.480>had <00:52:46.640>two <00:52:47.000>names <00:52:48.000>uh <00:52:48.400>Co <00:52:48.839>interest <00:52:49.319>to 00:52:49.549 --> 00:52:49.559 align:start position:0% they've had two names uh Co interest to 00:52:49.559 --> 00:52:53.190 align:start position:0% they've had two names uh Co interest to the<00:52:49.920>extent <00:52:50.839>that <00:52:51.040>they <00:52:51.240>do <00:52:51.520>not <00:52:52.119>have <00:52:52.760>split 00:52:53.190 --> 00:52:53.200 align:start position:0% the extent that they do not have split 00:52:53.200 --> 00:52:55.789 align:start position:0% the extent that they do not have split agreements<00:52:53.799>correct <00:52:54.680>that <00:52:54.799>is <00:52:54.960>correct 00:52:55.789 --> 00:52:55.799 align:start position:0% agreements correct that is correct 00:52:55.799 --> 00:52:58.230 align:start position:0% agreements correct that is correct so<00:52:56.720>uh <00:52:56.839>this <00:52:56.920>is <00:52:57.079>one <00:52:57.200>of <00:52:57.319>those <00:52:57.559>situations 00:52:58.230 --> 00:52:58.240 align:start position:0% so uh this is one of those situations 00:52:58.240 --> 00:53:01.109 align:start position:0% so uh this is one of those situations where<00:52:58.720>the <00:52:59.119>the <00:52:59.400>co-owners <00:53:00.280>were <00:53:00.520>able <00:53:00.799>to 00:53:01.109 --> 00:53:01.119 align:start position:0% where the the co-owners were able to 00:53:01.119 --> 00:53:03.670 align:start position:0% where the the co-owners were able to negotiate<00:53:02.040>uh <00:53:02.160>split <00:53:02.480>agreements <00:53:03.040>with <00:53:03.359>some 00:53:03.670 --> 00:53:03.680 align:start position:0% negotiate uh split agreements with some 00:53:03.680 --> 00:53:06.470 align:start position:0% negotiate uh split agreements with some of<00:53:03.880>the <00:53:04.119>gas <00:53:04.599>owners <00:53:05.440>but <00:53:05.599>not <00:53:05.839>all <00:53:06.040>of <00:53:06.240>them 00:53:06.470 --> 00:53:06.480 align:start position:0% of the gas owners but not all of them 00:53:06.480 --> 00:53:08.309 align:start position:0% of the gas owners but not all of them and<00:53:06.599>to <00:53:06.760>the <00:53:06.880>extent <00:53:07.240>they <00:53:07.440>have <00:53:07.680>agreements 00:53:08.309 --> 00:53:08.319 align:start position:0% and to the extent they have agreements 00:53:08.319 --> 00:53:10.829 align:start position:0% and to the extent they have agreements we've<00:53:08.520>got <00:53:08.640>a <00:53:09.119>5050 <00:53:09.799>split <00:53:10.160>agreement <00:53:10.599>and 00:53:10.829 --> 00:53:10.839 align:start position:0% we've got a 5050 split agreement and 00:53:10.839 --> 00:53:14.030 align:start position:0% we've got a 5050 split agreement and grire<00:53:11.799>receives <00:53:12.040>a <00:53:12.400>payment <00:53:13.400>to <00:53:13.599>the <00:53:13.720>extent 00:53:14.030 --> 00:53:14.040 align:start position:0% grire receives a payment to the extent 00:53:14.040 --> 00:53:17.069 align:start position:0% grire receives a payment to the extent they<00:53:14.200>did <00:53:14.400>not <00:53:14.640>reach <00:53:15.040>agreements <00:53:15.960>um <00:53:16.799>they 00:53:17.069 --> 00:53:17.079 align:start position:0% they did not reach agreements um they 00:53:17.079 --> 00:53:19.030 align:start position:0% they did not reach agreements um they are<00:53:17.440>being <00:53:17.760>dismissed <00:53:18.359>from <00:53:18.480>the <00:53:18.599>unit <00:53:18.920>and 00:53:19.030 --> 00:53:19.040 align:start position:0% are being dismissed from the unit and 00:53:19.040 --> 00:53:20.950 align:start position:0% are being dismissed from the unit and the<00:53:19.240>gas <00:53:19.599>owners <00:53:20.000>are <00:53:20.160>being <00:53:20.319>paid <00:53:20.559>under <00:53:20.799>the 00:53:20.950 --> 00:53:20.960 align:start position:0% the gas owners are being paid under the 00:53:20.960 --> 00:53:22.589 align:start position:0% the gas owners are being paid under the ACT<00:53:21.280>that's <00:53:21.400>a <00:53:21.640>summary <00:53:22.040>of <00:53:22.200>where <00:53:22.359>we're 00:53:22.589 --> 00:53:22.599 align:start position:0% ACT that's a summary of where we're 00:53:22.599 --> 00:53:25.750 align:start position:0% ACT that's a summary of where we're headed<00:53:23.480>correct <00:53:24.480>yes 00:53:25.750 --> 00:53:25.760 align:start position:0% headed correct yes 00:53:25.760 --> 00:53:27.990 align:start position:0% headed correct yes what<00:53:25.880>did <00:53:26.040>you <00:53:26.160>do <00:53:26.359>to <00:53:26.599>notify <00:53:27.319>all <00:53:27.480>of <00:53:27.720>these 00:53:27.990 --> 00:53:28.000 align:start position:0% what did you do to notify all of these 00:53:28.000 --> 00:53:31.069 align:start position:0% what did you do to notify all of these folks<00:53:28.960>that <00:53:29.079>we <00:53:29.200>would <00:53:29.440>be <00:53:29.640>having <00:53:29.920>a <00:53:30.119>hearing 00:53:31.069 --> 00:53:31.079 align:start position:0% folks that we would be having a hearing 00:53:31.079 --> 00:53:34.150 align:start position:0% folks that we would be having a hearing today<00:53:32.079>uh <00:53:32.200>we <00:53:32.359>mailed <00:53:32.680>a <00:53:32.880>copy <00:53:33.280>of <00:53:33.480>the 00:53:34.150 --> 00:53:34.160 align:start position:0% today uh we mailed a copy of the 00:53:34.160 --> 00:53:37.030 align:start position:0% today uh we mailed a copy of the petition<00:53:35.160>by <00:53:35.400>certified <00:53:36.040>with <00:53:36.760>return 00:53:37.030 --> 00:53:37.040 align:start position:0% petition by certified mail with return 00:53:37.040 --> 00:53:40.030 align:start position:0% petition by certified mail with return receipt 00:53:40.030 --> 00:53:40.040 align:start position:0% 00:53:40.040 --> 00:53:43.510 align:start position:0% requested<00:53:41.040>okay <00:53:41.599>and <00:53:41.799>in <00:53:42.119>and <00:53:42.319>have <00:53:42.480>you <00:53:42.799>also 00:53:43.510 --> 00:53:43.520 align:start position:0% requested okay and in and have you also 00:53:43.520 --> 00:53:48.190 align:start position:0% requested okay and in and have you also in<00:53:43.680>the <00:53:44.280>past <00:53:45.280>uh <00:53:45.760>mailed <00:53:46.760>uh <00:53:47.119>a <00:53:47.319>notice <00:53:47.760>to <00:53:47.920>the 00:53:48.190 --> 00:53:48.200 align:start position:0% in the past uh mailed uh a notice to the 00:53:48.200 --> 00:53:51.349 align:start position:0% in the past uh mailed uh a notice to the coowner<00:53:48.680>uh <00:53:49.200>hurt <00:53:49.440>Maguire <00:53:49.880>Maguire <00:53:50.359>hurt 00:53:51.349 --> 00:53:51.359 align:start position:0% coowner uh hurt Maguire Maguire hurt 00:53:51.359 --> 00:53:54.190 align:start position:0% coowner uh hurt Maguire Maguire hurt that<00:53:51.760>they <00:53:51.960>would <00:53:52.799>that <00:53:52.960>you <00:53:53.160>were <00:53:53.520>requesting 00:53:54.190 --> 00:53:54.200 align:start position:0% that they would that you were requesting 00:53:54.200 --> 00:53:57.150 align:start position:0% that they would that you were requesting that<00:53:54.400>they <00:53:54.640>produce <00:53:55.440>evidence <00:53:56.040>of 00:53:57.150 --> 00:53:57.160 align:start position:0% that they produce evidence of 00:53:57.160 --> 00:54:00.589 align:start position:0% that they produce evidence of agreements<00:53:58.160>uh <00:53:59.000>within <00:53:59.400>45 <00:54:00.040>days <00:54:00.240>of <00:54:00.400>the 00:54:00.589 --> 00:54:00.599 align:start position:0% agreements uh within 45 days of the 00:54:00.599 --> 00:54:05.069 align:start position:0% agreements uh within 45 days of the notice<00:54:01.160>to <00:54:01.559>preserve <00:54:02.319>their <00:54:03.319>potential <00:54:04.079>claim 00:54:05.069 --> 00:54:05.079 align:start position:0% notice to preserve their potential claim 00:54:05.079 --> 00:54:08.670 align:start position:0% notice to preserve their potential claim yes<00:54:05.760>and <00:54:05.920>I <00:54:06.000>think <00:54:06.160>the <00:54:06.400>very <00:54:06.799>last <00:54:07.280>item <00:54:08.079>uh <00:54:08.400>on 00:54:08.670 --> 00:54:08.680 align:start position:0% yes and I think the very last item uh on 00:54:08.680 --> 00:54:11.510 align:start position:0% yes and I think the very last item uh on this<00:54:09.280>uh <00:54:10.000>uh <00:54:10.480>on <00:54:10.680>this 00:54:11.510 --> 00:54:11.520 align:start position:0% this uh uh on this 00:54:11.520 --> 00:54:15.030 align:start position:0% this uh uh on this application<00:54:12.520>is <00:54:13.240>uh <00:54:14.119>well <00:54:14.280>there's <00:54:14.799>actually 00:54:15.030 --> 00:54:15.040 align:start position:0% application is uh well there's actually 00:54:15.040 --> 00:54:18.349 align:start position:0% application is uh well there's actually at<00:54:15.240>page <00:54:15.960>81 <00:54:16.960>of <00:54:17.119>the <00:54:17.359>application <00:54:17.920>you've <00:54:18.160>got 00:54:18.349 --> 00:54:18.359 align:start position:0% at page 81 of the application you've got 00:54:18.359 --> 00:54:21.309 align:start position:0% at page 81 of the application you've got a<00:54:18.680>signed <00:54:19.280>receipt <00:54:20.240>for <00:54:20.640>a <00:54:20.799>letter <00:54:21.119>that <00:54:21.200>you 00:54:21.309 --> 00:54:21.319 align:start position:0% a signed receipt for a letter that you 00:54:21.319 --> 00:54:24.030 align:start position:0% a signed receipt for a letter that you sent<00:54:21.559>to <00:54:21.720>hert <00:54:21.960>Maguire <00:54:22.520>notifying <00:54:23.240>them <00:54:23.640>of 00:54:24.030 --> 00:54:24.040 align:start position:0% sent to hert Maguire notifying them of 00:54:24.040 --> 00:54:27.990 align:start position:0% sent to hert Maguire notifying them of their<00:54:24.359>obligation <00:54:24.880>to <00:54:25.160>produce <00:54:25.880>evidence <00:54:27.000>yes 00:54:27.990 --> 00:54:28.000 align:start position:0% their obligation to produce evidence yes 00:54:28.000 --> 00:54:30.470 align:start position:0% their obligation to produce evidence yes and<00:54:28.160>then <00:54:28.480>you've <00:54:28.680>got <00:54:28.880>a <00:54:29.520>a <00:54:29.680>copy <00:54:29.920>of <00:54:30.040>the <00:54:30.160>form 00:54:30.470 --> 00:54:30.480 align:start position:0% and then you've got a a copy of the form 00:54:30.480 --> 00:54:32.549 align:start position:0% and then you've got a a copy of the form letter<00:54:30.920>that <00:54:31.079>that <00:54:31.200>was <00:54:31.319>sent <00:54:31.520>to <00:54:31.680>them <00:54:32.160>at <00:54:32.359>as 00:54:32.549 --> 00:54:32.559 align:start position:0% letter that that was sent to them at as 00:54:32.559 --> 00:54:33.789 align:start position:0% letter that that was sent to them at as the<00:54:32.720>last <00:54:32.920>page 00:54:33.789 --> 00:54:33.799 align:start position:0% the last page 00:54:33.799 --> 00:54:37.109 align:start position:0% the last page 82<00:54:34.799>other <00:54:35.160>than <00:54:35.599>the <00:54:36.240>uh <00:54:36.680>the <00:54:36.760>split 00:54:37.109 --> 00:54:37.119 align:start position:0% 82 other than the uh the split 00:54:37.119 --> 00:54:39.030 align:start position:0% 82 other than the uh the split agreements<00:54:37.480>that <00:54:37.640>they <00:54:37.920>produced <00:54:38.720>which <00:54:38.880>will 00:54:39.030 --> 00:54:39.040 align:start position:0% agreements that they produced which will 00:54:39.040 --> 00:54:42.990 align:start position:0% agreements that they produced which will be<00:54:39.319>addressed <00:54:39.880>in <00:54:40.440>the <00:54:40.960>tables <00:54:41.960>uh <00:54:42.520>all <00:54:42.680>of <00:54:42.839>the 00:54:42.990 --> 00:54:43.000 align:start position:0% be addressed in the tables uh all of the 00:54:43.000 --> 00:54:46.230 align:start position:0% be addressed in the tables uh all of the other<00:54:43.319>folks <00:54:43.720>the <00:54:43.839>other <00:54:44.400>gas <00:54:44.880>claimants <00:54:45.880>uh 00:54:46.230 --> 00:54:46.240 align:start position:0% other folks the other gas claimants uh 00:54:46.240 --> 00:54:47.950 align:start position:0% other folks the other gas claimants uh have<00:54:46.440>not <00:54:46.680>entered <00:54:47.000>into <00:54:47.240>split <00:54:47.559>agreements 00:54:47.950 --> 00:54:47.960 align:start position:0% have not entered into split agreements 00:54:47.960 --> 00:54:52.589 align:start position:0% have not entered into split agreements is<00:54:48.079>that <00:54:48.280>correct <00:54:49.280>yes <00:54:50.520>okay 00:54:52.589 --> 00:54:52.599 align:start position:0% is that correct yes okay 00:54:52.599 --> 00:54:55.710 align:start position:0% is that correct yes okay uh<00:54:53.599>got <00:54:54.000>a <00:54:54.319>table 00:54:55.710 --> 00:54:55.720 align:start position:0% uh got a table 00:54:55.720 --> 00:55:02.230 align:start position:0% uh got a table one<00:54:56.880>at <00:54:58.240>uh <00:54:59.240>page <00:55:00.000>nine <00:55:00.640>of <00:55:00.799>the <00:55:01.240>application 00:55:02.230 --> 00:55:02.240 align:start position:0% one at uh page nine of the application 00:55:02.240 --> 00:55:07.710 align:start position:0% one at uh page nine of the application right<00:55:03.599>yes <00:55:04.599>and <00:55:04.799>we <00:55:05.040>have <00:55:05.240>a <00:55:05.839>table <00:55:06.839>uh <00:55:07.000>two <00:55:07.520>in 00:55:07.710 --> 00:55:07.720 align:start position:0% right yes and we have a table uh two in 00:55:07.720 --> 00:55:11.309 align:start position:0% right yes and we have a table uh two in the<00:55:07.920>next <00:55:08.319>page <00:55:08.760>but <00:55:09.079>let's <00:55:09.440>let's <00:55:09.760>talk <00:55:10.319>about 00:55:11.309 --> 00:55:11.319 align:start position:0% the next page but let's let's talk about 00:55:11.319 --> 00:55:14.910 align:start position:0% the next page but let's let's talk about uh<00:55:11.520>table <00:55:11.920>one <00:55:12.400>first <00:55:13.240>uh <00:55:13.760>this <00:55:13.920>is <00:55:14.040>an <00:55:14.359>exact 00:55:14.910 --> 00:55:14.920 align:start position:0% uh table one first uh this is an exact 00:55:14.920 --> 00:55:18.670 align:start position:0% uh table one first uh this is an exact dollar<00:55:16.040>payment <00:55:17.040>that <00:55:17.160>is <00:55:17.520>correct <00:55:18.520>and 00:55:18.670 --> 00:55:18.680 align:start position:0% dollar payment that is correct and 00:55:18.680 --> 00:55:20.670 align:start position:0% dollar payment that is correct and there're<00:55:18.880>two <00:55:19.280>folks <00:55:19.839>that <00:55:20.000>would <00:55:20.200>be 00:55:20.670 --> 00:55:20.680 align:start position:0% there're two folks that would be 00:55:20.680 --> 00:55:24.109 align:start position:0% there're two folks that would be receiving<00:55:20.920>the <00:55:21.559>payments <00:55:22.720>yes <00:55:23.720>and <00:55:23.839>you 00:55:24.109 --> 00:55:24.119 align:start position:0% receiving the payments yes and you 00:55:24.119 --> 00:55:27.710 align:start position:0% receiving the payments yes and you provided<00:55:24.520>their <00:55:24.640>names <00:55:25.079>and <00:55:25.680>addresses <00:55:26.720>yes 00:55:27.710 --> 00:55:27.720 align:start position:0% provided their names and addresses yes 00:55:27.720 --> 00:55:29.870 align:start position:0% provided their names and addresses yes and<00:55:27.839>then <00:55:27.960>on <00:55:28.119>the <00:55:28.400>very <00:55:28.760>right <00:55:29.039>hand <00:55:29.319>column 00:55:29.870 --> 00:55:29.880 align:start position:0% and then on the very right hand column 00:55:29.880 --> 00:55:33.270 align:start position:0% and then on the very right hand column the<00:55:30.280>the <00:55:30.559>dollar <00:55:31.000>amounts <00:55:31.400>there <00:55:31.599>to <00:55:32.280>receive 00:55:33.270 --> 00:55:33.280 align:start position:0% the the dollar amounts there to receive 00:55:33.280 --> 00:55:36.069 align:start position:0% the the dollar amounts there to receive yes<00:55:34.039>and <00:55:34.319>why <00:55:34.640>why <00:55:34.799>do <00:55:34.960>we <00:55:35.119>have <00:55:35.280>a <00:55:35.680>exact 00:55:36.069 --> 00:55:36.079 align:start position:0% yes and why why do we have a exact 00:55:36.079 --> 00:55:39.950 align:start position:0% yes and why why do we have a exact dollar<00:55:36.440>amount <00:55:37.280>uh <00:55:37.680>table <00:55:38.119>one <00:55:38.720>here <00:55:39.720>these 00:55:39.950 --> 00:55:39.960 align:start position:0% dollar amount uh table one here these 00:55:39.960 --> 00:55:42.829 align:start position:0% dollar amount uh table one here these folks<00:55:40.240>are <00:55:40.520>prior <00:55:41.039>owners <00:55:41.559>who <00:55:41.839>have <00:55:42.480>who <00:55:42.680>who 00:55:42.829 --> 00:55:42.839 align:start position:0% folks are prior owners who have who who 00:55:42.839 --> 00:55:45.910 align:start position:0% folks are prior owners who have who who deed<00:55:43.240>their <00:55:43.440>interests <00:55:43.960>in <00:55:44.160>May <00:55:44.520>of 00:55:45.910 --> 00:55:45.920 align:start position:0% deed their interests in May of 00:55:45.920 --> 00:55:49.109 align:start position:0% deed their interests in May of 2013<00:55:46.920>okay <00:55:47.119>so <00:55:47.319>this <00:55:47.520>squares <00:55:48.160>the <00:55:48.680>accounts 00:55:49.109 --> 00:55:49.119 align:start position:0% 2013 okay so this squares the accounts 00:55:49.119 --> 00:55:51.470 align:start position:0% 2013 okay so this squares the accounts with<00:55:49.359>them <00:55:49.599>and <00:55:49.760>this <00:55:49.880>should <00:55:50.079>be <00:55:50.400>paid <00:55:50.920>before 00:55:51.470 --> 00:55:51.480 align:start position:0% with them and this should be paid before 00:55:51.480 --> 00:55:53.630 align:start position:0% with them and this should be paid before we<00:55:51.640>move <00:55:51.920>to <00:55:52.119>table <00:55:52.440>two <00:55:52.839>to <00:55:53.039>pay <00:55:53.319>on <00:55:53.440>a 00:55:53.630 --> 00:55:53.640 align:start position:0% we move to table two to pay on a 00:55:53.640 --> 00:55:58.029 align:start position:0% we move to table two to pay on a percentage<00:55:54.200>basis <00:55:55.359>yes <00:55:56.400>okay <00:55:57.400>moving <00:55:57.760>to 00:55:58.029 --> 00:55:58.039 align:start position:0% percentage basis yes okay moving to 00:55:58.039 --> 00:56:02.789 align:start position:0% percentage basis yes okay moving to table<00:55:58.400>two <00:55:59.039>which <00:55:59.200>is <00:55:59.559>quite <00:56:00.400>lengthy <00:56:01.799>correct 00:56:02.789 --> 00:56:02.799 align:start position:0% table two which is quite lengthy correct 00:56:02.799 --> 00:56:07.430 align:start position:0% table two which is quite lengthy correct it<00:56:03.000>is <00:56:04.000>okay <00:56:04.960>uh <00:56:05.119>but <00:56:05.280>in <00:56:05.559>table <00:56:06.000>two <00:56:07.000>uh <00:56:07.280>this 00:56:07.430 --> 00:56:07.440 align:start position:0% it is okay uh but in table two uh this 00:56:07.440 --> 00:56:14.230 align:start position:0% it is okay uh but in table two uh this is<00:56:07.920>a <00:56:08.280>a <00:56:08.960>um <00:56:09.920>a <00:56:10.480>a <00:56:11.119>list <00:56:11.559>of <00:56:11.960>all <00:56:12.359>of <00:56:12.760>the <00:56:13.760>gas 00:56:14.230 --> 00:56:14.240 align:start position:0% is a a um a a list of all of the gas 00:56:14.240 --> 00:56:16.430 align:start position:0% is a a um a a list of all of the gas claimants<00:56:14.960>that <00:56:15.079>we <00:56:15.359>previously <00:56:15.880>talked 00:56:16.430 --> 00:56:16.440 align:start position:0% claimants that we previously talked 00:56:16.440 --> 00:56:19.349 align:start position:0% claimants that we previously talked about<00:56:17.440>uh <00:56:18.119>and <00:56:18.359>and <00:56:18.440>you're <00:56:18.680>giving <00:56:19.079>their 00:56:19.349 --> 00:56:19.359 align:start position:0% about uh and and you're giving their 00:56:19.359 --> 00:56:22.870 align:start position:0% about uh and and you're giving their names<00:56:20.319>and <00:56:20.559>their <00:56:21.160>addresses <00:56:22.160>uh <00:56:22.319>and <00:56:22.480>the 00:56:22.870 --> 00:56:22.880 align:start position:0% names and their addresses uh and the 00:56:22.880 --> 00:56:25.829 align:start position:0% names and their addresses uh and the percentage<00:56:23.880>uh <00:56:24.079>that <00:56:24.319>the <00:56:24.799>uh 00:56:25.829 --> 00:56:25.839 align:start position:0% percentage uh that the uh 00:56:25.839 --> 00:56:27.510 align:start position:0% percentage uh that the uh that<00:56:26.119>of <00:56:26.319>their <00:56:26.599>interest <00:56:27.079>they're <00:56:27.319>they're 00:56:27.510 --> 00:56:27.520 align:start position:0% that of their interest they're they're 00:56:27.520 --> 00:56:29.029 align:start position:0% that of their interest they're they're not<00:56:27.799>subject <00:56:28.079>to <00:56:28.240>a <00:56:28.359>split <00:56:28.640>show <00:56:28.880>you're 00:56:29.029 --> 00:56:29.039 align:start position:0% not subject to a split show you're 00:56:29.039 --> 00:56:32.390 align:start position:0% not subject to a split show you're showing<00:56:29.880>100% <00:56:30.880>for <00:56:31.119>each <00:56:31.319>one <00:56:31.520>of <00:56:31.680>these <00:56:31.920>folks 00:56:32.390 --> 00:56:32.400 align:start position:0% showing 100% for each one of these folks 00:56:32.400 --> 00:56:35.829 align:start position:0% showing 100% for each one of these folks as<00:56:32.559>a <00:56:32.760>directive <00:56:33.359>to <00:56:33.720>the <00:56:34.640>uh <00:56:34.799>escalation <00:56:35.480>to 00:56:35.829 --> 00:56:35.839 align:start position:0% as a directive to the uh escalation to 00:56:35.839 --> 00:56:39.309 align:start position:0% as a directive to the uh escalation to to<00:56:35.960>cut <00:56:36.200>these <00:56:36.680>checks <00:56:37.680>yes <00:56:38.599>okay <00:56:38.799>and <00:56:38.920>if <00:56:39.039>we 00:56:39.309 --> 00:56:39.319 align:start position:0% to cut these checks yes okay and if we 00:56:39.319 --> 00:56:43.029 align:start position:0% to cut these checks yes okay and if we go<00:56:39.799>be <00:56:40.079>going <00:56:40.400>to <00:56:40.599>the <00:56:40.920>very <00:56:41.520>end <00:56:42.079>here <00:56:42.559>of 00:56:43.029 --> 00:56:43.039 align:start position:0% go be going to the very end here of 00:56:43.039 --> 00:56:44.230 align:start position:0% go be going to the very end here of table 00:56:44.230 --> 00:56:44.240 align:start position:0% table 00:56:44.240 --> 00:56:49.470 align:start position:0% table two<00:56:45.240>see <00:56:45.480>what <00:56:45.720>page <00:56:46.119>that <00:56:46.599>is <00:56:47.599>page <00:56:47.839>number <00:56:48.480>44 00:56:49.470 --> 00:56:49.480 align:start position:0% two see what page that is page number 44 00:56:49.480 --> 00:56:51.910 align:start position:0% two see what page that is page number 44 okay<00:56:50.280>at <00:56:50.599>page 00:56:51.910 --> 00:56:51.920 align:start position:0% okay at page 00:56:51.920 --> 00:56:56.109 align:start position:0% okay at page 44<00:56:52.920>um <00:56:53.760>you've <00:56:54.160>got <00:56:54.520>some <00:56:55.240>adjustment 00:56:56.109 --> 00:56:56.119 align:start position:0% 44 um you've got some adjustment 00:56:56.119 --> 00:56:58.309 align:start position:0% 44 um you've got some adjustment comments<00:56:57.119>uh <00:56:57.280>which <00:56:57.440>we've <00:56:57.680>already <00:56:58.160>which 00:56:58.309 --> 00:56:58.319 align:start position:0% comments uh which we've already which 00:56:58.319 --> 00:57:01.710 align:start position:0% comments uh which we've already which we've<00:56:58.520>already <00:56:58.880>talked <00:56:59.559>about <00:57:00.559>uh <00:57:01.119>and <00:57:01.480>you've 00:57:01.710 --> 00:57:01.720 align:start position:0% we've already talked about uh and you've 00:57:01.720 --> 00:57:04.510 align:start position:0% we've already talked about uh and you've identified<00:57:02.480>the <00:57:02.640>wells <00:57:03.200>that <00:57:03.440>contributed <00:57:04.240>to 00:57:04.510 --> 00:57:04.520 align:start position:0% identified the wells that contributed to 00:57:04.520 --> 00:57:16.069 align:start position:0% identified the wells that contributed to this<00:57:04.720>escr <00:57:05.400>account <00:57:06.400>correct 00:57:16.069 --> 00:57:16.079 align:start position:0% 00:57:16.079 --> 00:57:20.470 align:start position:0% yes<00:57:17.079>you <00:57:17.359>have <00:57:17.799>provided <00:57:18.559>at <00:57:19.000>page <00:57:19.880>it's <00:57:20.039>40 00:57:20.470 --> 00:57:20.480 align:start position:0% yes you have provided at page it's 40 00:57:20.480 --> 00:57:24.069 align:start position:0% yes you have provided at page it's 40 starting<00:57:20.799>at <00:57:21.000>page <00:57:21.240>46 <00:57:22.240>and <00:57:22.520>exhibit <00:57:22.960>e <00:57:23.880>and 00:57:24.069 --> 00:57:24.079 align:start position:0% starting at page 46 and exhibit e and 00:57:24.079 --> 00:57:27.190 align:start position:0% starting at page 46 and exhibit e and that's<00:57:24.240>a <00:57:24.400>list <00:57:24.960>so <00:57:25.559>the <00:57:26.200>uh <00:57:26.400>interests <00:57:27.039>that 00:57:27.190 --> 00:57:27.200 align:start position:0% that's a list so the uh interests that 00:57:27.200 --> 00:57:29.390 align:start position:0% that's a list so the uh interests that would<00:57:27.640>remain <00:57:27.920>in 00:57:29.390 --> 00:57:29.400 align:start position:0% would remain in 00:57:29.400 --> 00:57:32.470 align:start position:0% would remain in escrow<00:57:30.400>in <00:57:30.599>the <00:57:30.839>event <00:57:31.359>that <00:57:31.640>this <00:57:32.079>petition 00:57:32.470 --> 00:57:32.480 align:start position:0% escrow in the event that this petition 00:57:32.480 --> 00:57:33.470 align:start position:0% escrow in the event that this petition is 00:57:33.470 --> 00:57:33.480 align:start position:0% is 00:57:33.480 --> 00:57:37.190 align:start position:0% is approved<00:57:34.720>yes <00:57:35.720>and <00:57:35.880>then <00:57:36.480>eventually <00:57:36.960>we'll 00:57:37.190 --> 00:57:37.200 align:start position:0% approved yes and then eventually we'll 00:57:37.200 --> 00:57:42.829 align:start position:0% approved yes and then eventually we'll get<00:57:37.359>to <00:57:37.520>an <00:57:37.720>exhibit <00:57:38.200>double <00:57:38.839>e <00:57:39.839>I <00:57:40.280>find 00:57:42.829 --> 00:57:42.839 align:start position:0% 00:57:42.839 --> 00:57:47.789 align:start position:0% that<00:57:43.839>looks <00:57:44.079>like <00:57:44.400>that <00:57:44.720>starts <00:57:45.559>at <00:57:46.200>page 00:57:47.789 --> 00:57:47.799 align:start position:0% that looks like that starts at page 00:57:47.799 --> 00:57:52.309 align:start position:0% that looks like that starts at page 58<00:57:48.799>and <00:57:49.160>exhibit <00:57:49.599>dou <00:57:49.920>e <00:57:50.240>would <00:57:50.400>be <00:57:50.599>an <00:57:51.319>updated 00:57:52.309 --> 00:57:52.319 align:start position:0% 58 and exhibit dou e would be an updated 00:57:52.319 --> 00:57:55.589 align:start position:0% 58 and exhibit dou e would be an updated uh<00:57:52.640>exhibit <00:57:53.640>that <00:57:53.839>shows <00:57:54.400>the <00:57:54.839>the <00:57:55.119>going 00:57:55.589 --> 00:57:55.599 align:start position:0% uh exhibit that shows the the going 00:57:55.599 --> 00:57:57.069 align:start position:0% uh exhibit that shows the the going forward 00:57:57.069 --> 00:57:57.079 align:start position:0% forward 00:57:57.079 --> 00:58:00.309 align:start position:0% forward payments<00:57:58.079>uh <00:57:58.440>that <00:57:58.559>could <00:57:58.760>be <00:57:58.920>made <00:57:59.319>directly 00:58:00.309 --> 00:58:00.319 align:start position:0% payments uh that could be made directly 00:58:00.319 --> 00:58:02.390 align:start position:0% payments uh that could be made directly uh<00:58:00.480>by <00:58:00.680>the <00:58:00.880>operator <00:58:01.359>in <00:58:01.559>the <00:58:01.720>event <00:58:02.119>again 00:58:02.390 --> 00:58:02.400 align:start position:0% uh by the operator in the event again 00:58:02.400 --> 00:58:07.190 align:start position:0% uh by the operator in the event again that<00:58:02.559>this <00:58:02.839>petition <00:58:03.240>is <00:58:03.920>approved <00:58:04.960>yes <00:58:06.200>okay 00:58:07.190 --> 00:58:07.200 align:start position:0% that this petition is approved yes okay 00:58:07.200 --> 00:58:11.430 align:start position:0% that this petition is approved yes okay and<00:58:07.599>then <00:58:08.599>at <00:58:09.039>page <00:58:09.599>starting <00:58:09.960>at <00:58:10.160>page <00:58:10.359>76 <00:58:11.200>we 00:58:11.430 --> 00:58:11.440 align:start position:0% and then at page starting at page 76 we 00:58:11.440 --> 00:58:13.309 align:start position:0% and then at page starting at page 76 we have<00:58:11.720>an <00:58:11.920>exhibit 00:58:13.309 --> 00:58:13.319 align:start position:0% have an exhibit 00:58:13.319 --> 00:58:16.789 align:start position:0% have an exhibit J<00:58:14.680>yes <00:58:15.680>and <00:58:15.880>once 00:58:16.789 --> 00:58:16.799 align:start position:0% J yes and once 00:58:16.799 --> 00:58:19.990 align:start position:0% J yes and once again<00:58:17.799>did <00:58:17.920>you <00:58:18.119>go <00:58:18.359>back <00:58:18.839>and <00:58:19.079>identify <00:58:19.799>all 00:58:19.990 --> 00:58:20.000 align:start position:0% again did you go back and identify all 00:58:20.000 --> 00:58:23.710 align:start position:0% again did you go back and identify all of<00:58:20.200>the <00:58:20.680>checks <00:58:21.680>that <00:58:21.839>the <00:58:22.119>operator <00:58:22.680>shows <00:58:23.280>it 00:58:23.710 --> 00:58:23.720 align:start position:0% of the checks that the operator shows it 00:58:23.720 --> 00:58:29.109 align:start position:0% of the checks that the operator shows it paid<00:58:25.000>uh <00:58:25.200>pertaining <00:58:26.000>to <00:58:27.160>uh <00:58:28.160>royalties <00:58:28.880>and 00:58:29.109 --> 00:58:29.119 align:start position:0% paid uh pertaining to uh royalties and 00:58:29.119 --> 00:58:32.990 align:start position:0% paid uh pertaining to uh royalties and production<00:58:29.960>from <00:58:30.839>uh <00:58:31.000>unit <00:58:31.359>r49 <00:58:32.359>over <00:58:32.680>the 00:58:32.990 --> 00:58:33.000 align:start position:0% production from uh unit r49 over the 00:58:33.000 --> 00:58:35.789 align:start position:0% production from uh unit r49 over the years<00:58:34.000>and <00:58:34.200>also <00:58:34.640>then <00:58:34.920>compared <00:58:35.520>those 00:58:35.789 --> 00:58:35.799 align:start position:0% years and also then compared those 00:58:35.799 --> 00:58:38.309 align:start position:0% years and also then compared those checks<00:58:36.160>or <00:58:36.400>looked <00:58:36.720>for <00:58:37.480>corresponding 00:58:38.309 --> 00:58:38.319 align:start position:0% checks or looked for corresponding 00:58:38.319 --> 00:58:40.910 align:start position:0% checks or looked for corresponding deposits<00:58:39.119>from <00:58:39.319>the <00:58:39.520>escrow <00:58:40.000>agent <00:58:40.359>records 00:58:40.910 --> 00:58:40.920 align:start position:0% deposits from the escrow agent records 00:58:40.920 --> 00:58:42.390 align:start position:0% deposits from the escrow agent records compared<00:58:41.400>them <00:58:41.559>to <00:58:41.720>see <00:58:41.839>if <00:58:41.960>there <00:58:42.039>were <00:58:42.200>any 00:58:42.390 --> 00:58:42.400 align:start position:0% compared them to see if there were any 00:58:42.400 --> 00:58:44.549 align:start position:0% compared them to see if there were any differences<00:58:42.920>is <00:58:43.079>that <00:58:43.200>a <00:58:43.640>fair <00:58:44.000>statement <00:58:44.400>of 00:58:44.549 --> 00:58:44.559 align:start position:0% differences is that a fair statement of 00:58:44.559 --> 00:58:47.990 align:start position:0% differences is that a fair statement of what<00:58:44.680>you <00:58:44.880>did <00:58:46.000>yes <00:58:47.000>and <00:58:47.160>once <00:58:47.440>again <00:58:47.680>at <00:58:47.839>the 00:58:47.990 --> 00:58:48.000 align:start position:0% what you did yes and once again at the 00:58:48.000 --> 00:58:51.549 align:start position:0% what you did yes and once again at the first<00:58:48.400>very <00:58:48.760>first <00:58:49.079>page <00:58:49.480>we've <00:58:49.760>got <00:58:50.760>uh <00:58:50.920>a <00:58:51.400>a 00:58:51.549 --> 00:58:51.559 align:start position:0% first very first page we've got uh a a 00:58:51.559 --> 00:58:54.349 align:start position:0% first very first page we've got uh a a difference<00:58:52.079>where <00:58:52.359>there's <00:58:52.880>uh <00:58:53.160>deposits <00:58:54.079>two 00:58:54.349 --> 00:58:54.359 align:start position:0% difference where there's uh deposits two 00:58:54.359 --> 00:58:56.910 align:start position:0% difference where there's uh deposits two deposits<00:58:54.920>it <00:58:55.240>and <00:58:55.440>and <00:58:55.599>no <00:58:55.880>corresponding 00:58:56.910 --> 00:58:56.920 align:start position:0% deposits it and and no corresponding 00:58:56.920 --> 00:59:00.910 align:start position:0% deposits it and and no corresponding check<00:58:57.920>that's <00:58:58.160>correct <00:58:59.160>okay <00:59:00.000>as <00:59:00.160>we <00:59:00.359>work <00:59:00.640>our 00:59:00.910 --> 00:59:00.920 align:start position:0% check that's correct okay as we work our 00:59:00.920 --> 00:59:01.789 align:start position:0% check that's correct okay as we work our way 00:59:01.789 --> 00:59:01.799 align:start position:0% way 00:59:01.799 --> 00:59:05.870 align:start position:0% way through<00:59:02.799>the <00:59:03.079>pages <00:59:03.960>here <00:59:04.960>uh <00:59:05.480>there <00:59:05.599>aren't 00:59:05.870 --> 00:59:05.880 align:start position:0% through the pages here uh there aren't 00:59:05.880 --> 00:59:07.990 align:start position:0% through the pages here uh there aren't very<00:59:06.079>many <00:59:06.400>that's <00:59:06.599>the <00:59:06.760>only <00:59:07.200>discrepancy 00:59:07.990 --> 00:59:08.000 align:start position:0% very many that's the only discrepancy 00:59:08.000 --> 00:59:10.470 align:start position:0% very many that's the only discrepancy until<00:59:08.359>we <00:59:08.559>get <00:59:08.720>to <00:59:09.000>a <00:59:09.319>dis <00:59:09.960>sort <00:59:10.200>of <00:59:10.319>a 00:59:10.470 --> 00:59:10.480 align:start position:0% until we get to a dis sort of a 00:59:10.480 --> 00:59:13.029 align:start position:0% until we get to a dis sort of a discussion<00:59:11.000>at <00:59:11.160>the <00:59:11.319>very <00:59:11.640>end <00:59:12.520>where <00:59:12.760>you've 00:59:13.029 --> 00:59:13.039 align:start position:0% discussion at the very end where you've 00:59:13.039 --> 00:59:16.549 align:start position:0% discussion at the very end where you've done<00:59:13.359>your <00:59:13.960>balance <00:59:14.559>calculation <00:59:15.559>correct 00:59:16.549 --> 00:59:16.559 align:start position:0% done your balance calculation correct 00:59:16.559 --> 00:59:20.510 align:start position:0% done your balance calculation correct yes<00:59:17.520>okay <00:59:18.520>uh <00:59:19.079>there's <00:59:19.319>a 00:59:20.510 --> 00:59:20.520 align:start position:0% yes okay uh there's a 00:59:20.520 --> 00:59:27.029 align:start position:0% yes okay uh there's a a<00:59:21.520>a <00:59:22.400>comment <00:59:23.400>uh <00:59:24.400>at <00:59:24.839>total <00:59:25.880>deposited <00:59:26.880>uh 00:59:27.029 --> 00:59:27.039 align:start position:0% a a comment uh at total deposited uh 00:59:27.039 --> 00:59:29.069 align:start position:0% a a comment uh at total deposited uh could<00:59:27.200>you <00:59:27.480>could <00:59:27.640>you <00:59:28.160>read <00:59:28.480>that <00:59:28.640>into <00:59:28.920>the 00:59:29.069 --> 00:59:29.079 align:start position:0% could you could you read that into the 00:59:29.079 --> 00:59:30.829 align:start position:0% could you could you read that into the record<00:59:29.480>and <00:59:29.599>then <00:59:29.760>tell <00:59:30.000>us <00:59:30.359>what <00:59:30.640>what 00:59:30.829 --> 00:59:30.839 align:start position:0% record and then tell us what what 00:59:30.839 --> 00:59:35.270 align:start position:0% record and then tell us what what happened<00:59:31.240>there <00:59:32.240>sure <00:59:33.240>um <00:59:33.599>this <00:59:33.799>unit <00:59:34.319>was 00:59:35.270 --> 00:59:35.280 align:start position:0% happened there sure um this unit was 00:59:35.280 --> 00:59:39.950 align:start position:0% happened there sure um this unit was repoed<00:59:36.559>and <00:59:37.559>prior <00:59:37.960>to <00:59:38.359>repoing <00:59:39.079>of <00:59:39.319>this <00:59:39.520>unit 00:59:39.950 --> 00:59:39.960 align:start position:0% repoed and prior to repoing of this unit 00:59:39.960 --> 00:59:41.950 align:start position:0% repoed and prior to repoing of this unit escro<00:59:40.440>payments <00:59:40.880>to <00:59:41.039>First <00:59:41.319>Bank <00:59:41.520>and <00:59:41.640>chust 00:59:41.950 --> 00:59:41.960 align:start position:0% escro payments to First Bank and chust 00:59:41.960 --> 00:59:46.789 align:start position:0% escro payments to First Bank and chust were<00:59:42.200>placed <00:59:42.480>on <00:59:43.200>hold <00:59:44.640>um <00:59:45.640>once <00:59:45.880>the <00:59:46.039>repoing 00:59:46.789 --> 00:59:46.799 align:start position:0% were placed on hold um once the repoing 00:59:46.799 --> 00:59:50.510 align:start position:0% were placed on hold um once the repoing was<00:59:47.480>completed <00:59:48.480>and <00:59:48.960>the <00:59:49.160>updated <00:59:49.839>acreages 00:59:50.510 --> 00:59:50.520 align:start position:0% was completed and the updated acreages 00:59:50.520 --> 00:59:55.029 align:start position:0% was completed and the updated acreages were<00:59:50.760>taken <00:59:51.119>into <00:59:51.920>account <00:59:52.920>um <00:59:53.880>we <00:59:54.640>made <00:59:54.839>a 00:59:55.029 --> 00:59:55.039 align:start position:0% were taken into account um we made a 00:59:55.039 --> 00:59:57.349 align:start position:0% were taken into account um we made a deposit<00:59:55.599>which <00:59:55.760>is <00:59:55.920>not <00:59:56.200>reflected <00:59:56.839>on <00:59:57.160>the 00:59:57.349 --> 00:59:57.359 align:start position:0% deposit which is not reflected on the 00:59:57.359 --> 00:59:59.710 align:start position:0% deposit which is not reflected on the exhibit<00:59:57.760>J <00:59:58.240>because <00:59:58.480>it <00:59:58.559>was <00:59:58.760>prepared <00:59:59.400>prior 00:59:59.710 --> 00:59:59.720 align:start position:0% exhibit J because it was prepared prior 00:59:59.720 --> 01:00:02.309 align:start position:0% exhibit J because it was prepared prior to<00:59:59.920>the <01:00:00.119>deposit <01:00:00.520>being <01:00:00.839>made <01:00:01.480>but <01:00:01.680>a <01:00:01.880>deposit 01:00:02.309 --> 01:00:02.319 align:start position:0% to the deposit being made but a deposit 01:00:02.319 --> 01:00:06.829 align:start position:0% to the deposit being made but a deposit was<01:00:02.720>made <01:00:03.160>in <01:00:03.359>November <01:00:03.880>of <01:00:04.079>2023 <01:00:05.079>of <01:00:05.200>$1 01:00:06.829 --> 01:00:06.839 align:start position:0% was made in November of 2023 of $1 01:00:06.839 --> 01:00:10.670 align:start position:0% was made in November of 2023 of $1 13,720<01:00:07.960>77 <01:00:08.960>to <01:00:09.319>fully <01:00:09.640>fund <01:00:09.960>the <01:00:10.079>escrow 01:00:10.670 --> 01:00:10.680 align:start position:0% 13,720 77 to fully fund the escrow 01:00:10.680 --> 01:00:13.470 align:start position:0% 13,720 77 to fully fund the escrow account<01:00:11.480>prior <01:00:11.839>to <01:00:12.200>a <01:00:12.359>dispersement <01:00:12.960>taking 01:00:13.470 --> 01:00:13.480 align:start position:0% account prior to a dispersement taking 01:00:13.480 --> 01:00:17.589 align:start position:0% account prior to a dispersement taking place<01:00:14.480>okay <01:00:15.480>and <01:00:16.160>uh <01:00:16.640>when <01:00:16.880>when <01:00:17.079>was <01:00:17.200>the <01:00:17.319>unit 01:00:17.589 --> 01:00:17.599 align:start position:0% place okay and uh when when was the unit 01:00:17.599 --> 01:00:22.990 align:start position:0% place okay and uh when when was the unit reped<01:00:18.200>was <01:00:18.319>it <01:00:19.119>the <01:00:19.640>fall <01:00:20.119>of <01:00:20.680>uh <01:00:21.400>it <01:00:21.559>was <01:00:21.880>in <01:00:22.319>in 01:00:22.990 --> 01:00:23.000 align:start position:0% reped was it the fall of uh it was in in 01:00:23.000 --> 01:00:27.349 align:start position:0% reped was it the fall of uh it was in in uh<01:00:23.599>I <01:00:23.760>believe <01:00:24.119>it <01:00:24.240>was <01:00:24.720>in <01:00:25.599>late 01:00:27.349 --> 01:00:27.359 align:start position:0% uh I believe it was in late 01:00:27.359 --> 01:00:30.230 align:start position:0% uh I believe it was in late 2022<01:00:28.359>okay 01:00:30.230 --> 01:00:30.240 align:start position:0% 2022 okay 01:00:30.240 --> 01:00:33.430 align:start position:0% 2022 okay okay<01:00:31.240>and <01:00:31.680>and <01:00:32.039>the <01:00:32.599>when <01:00:32.720>you <01:00:33.000>C <01:00:33.200>when <01:00:33.319>you 01:00:33.430 --> 01:00:33.440 align:start position:0% okay and and the when you C when you 01:00:33.440 --> 01:00:36.670 align:start position:0% okay and and the when you C when you take<01:00:33.839>obviously <01:00:34.280>the <01:00:34.520>the <01:00:34.799>deposit <01:00:35.799>uh 01:00:36.670 --> 01:00:36.680 align:start position:0% take obviously the the deposit uh 01:00:36.680 --> 01:00:39.270 align:start position:0% take obviously the the deposit uh adjustment<01:00:37.680>interest <01:00:38.079>and <01:00:38.319>fees <01:00:38.799>you <01:00:38.960>come <01:00:39.119>up 01:00:39.270 --> 01:00:39.280 align:start position:0% adjustment interest and fees you come up 01:00:39.280 --> 01:00:41.950 align:start position:0% adjustment interest and fees you come up with<01:00:39.440>a <01:00:39.599>total <01:00:40.079>your <01:00:40.319>calculation <01:00:41.280>you've <01:00:41.520>got 01:00:41.950 --> 01:00:41.960 align:start position:0% with a total your calculation you've got 01:00:41.960 --> 01:00:45.549 align:start position:0% with a total your calculation you've got again<01:00:42.160>an <01:00:42.400>October <01:00:43.440>2023 <01:00:44.440>uh <01:00:44.640>First <01:00:44.960>Bank <01:00:45.359>and 01:00:45.549 --> 01:00:45.559 align:start position:0% again an October 2023 uh First Bank and 01:00:45.559 --> 01:00:46.589 align:start position:0% again an October 2023 uh First Bank and Trust 01:00:46.589 --> 01:00:46.599 align:start position:0% Trust 01:00:46.599 --> 01:00:48.990 align:start position:0% Trust balance<01:00:47.599>uh <01:00:47.920>and <01:00:48.079>when <01:00:48.200>you <01:00:48.319>compare <01:00:48.760>those 01:00:48.990 --> 01:00:49.000 align:start position:0% balance uh and when you compare those 01:00:49.000 --> 01:00:50.710 align:start position:0% balance uh and when you compare those Amounts<01:00:49.480>is <01:00:49.599>there <01:00:49.720>a 01:00:50.710 --> 01:00:50.720 align:start position:0% Amounts is there a 01:00:50.720 --> 01:00:53.270 align:start position:0% Amounts is there a difference<01:00:51.720>uh <01:00:51.920>yes <01:00:52.200>First <01:00:52.440>Bank <01:00:52.680>and <01:00:52.880>Trust 01:00:53.270 --> 01:00:53.280 align:start position:0% difference uh yes First Bank and Trust 01:00:53.280 --> 01:00:57.390 align:start position:0% difference uh yes First Bank and Trust balance<01:00:53.799>is <01:00:53.880>$89 <01:00:55.000>19 <01:00:55.839>more <01:00:56.240>than <01:00:56.720>than <01:00:57.079>our 01:00:57.390 --> 01:00:57.400 align:start position:0% balance is $89 19 more than than our 01:00:57.400 --> 01:00:59.630 align:start position:0% balance is $89 19 more than than our accounting<01:00:58.079>of <01:00:58.280>checks <01:00:59.280>and <01:00:59.400>you've 01:00:59.630 --> 01:00:59.640 align:start position:0% accounting of checks and you've 01:00:59.640 --> 01:01:01.950 align:start position:0% accounting of checks and you've testified<01:01:00.280>that <01:01:00.480>the <01:01:00.799>deposit <01:01:01.359>was <01:01:01.520>made <01:01:01.720>in 01:01:01.950 --> 01:01:01.960 align:start position:0% testified that the deposit was made in 01:01:01.960 --> 01:01:04.630 align:start position:0% testified that the deposit was made in November<01:01:02.640>and <01:01:02.799>the <01:01:02.920>bank <01:01:03.799>comparison <01:01:04.480>that 01:01:04.630 --> 01:01:04.640 align:start position:0% November and the bank comparison that 01:01:04.640 --> 01:01:07.069 align:start position:0% November and the bank comparison that you<01:01:04.720>did <01:01:05.079>was <01:01:05.200>in <01:01:05.400>October <01:01:05.839>so <01:01:06.039>that's <01:01:06.280>why <01:01:06.520>the 01:01:07.069 --> 01:01:07.079 align:start position:0% you did was in October so that's why the 01:01:07.079 --> 01:01:12.069 align:start position:0% you did was in October so that's why the that<01:01:07.359>deposit <01:01:07.839>does <01:01:08.000>not <01:01:08.240>appear <01:01:08.680>here <01:01:09.640>that's 01:01:12.069 --> 01:01:12.079 align:start position:0% 01:01:12.079 --> 01:01:14.950 align:start position:0% correct<01:01:13.079>and <01:01:13.280>we've <01:01:13.520>already <01:01:13.880>talked <01:01:14.319>about 01:01:14.950 --> 01:01:14.960 align:start position:0% correct and we've already talked about 01:01:14.960 --> 01:01:18.430 align:start position:0% correct and we've already talked about the<01:01:15.480>uh <01:01:15.599>notice <01:01:15.920>to <01:01:16.119>the <01:01:16.280>call <01:01:16.680>owner <01:01:17.680>uh <01:01:17.960>and 01:01:18.430 --> 01:01:18.440 align:start position:0% the uh notice to the call owner uh and 01:01:18.440 --> 01:01:20.670 align:start position:0% the uh notice to the call owner uh and and<01:01:18.599>the <01:01:19.200>return <01:01:19.359>of <01:01:19.440>re <01:01:19.599>seat <01:01:19.880>card <01:01:20.280>and <01:01:20.440>so 01:01:20.670 --> 01:01:20.680 align:start position:0% and the return of re seat card and so 01:01:20.680 --> 01:01:22.829 align:start position:0% and the return of re seat card and so forth<01:01:21.000>which <01:01:21.119>is <01:01:21.319>the <01:01:21.559>last <01:01:22.240>uh <01:01:22.480>of <01:01:22.599>the 01:01:22.829 --> 01:01:22.839 align:start position:0% forth which is the last uh of the 01:01:22.839 --> 01:01:26.630 align:start position:0% forth which is the last uh of the exhibits<01:01:23.359>here <01:01:24.319>um <01:01:24.720>um <01:01:25.559>I <01:01:25.720>think <01:01:25.960>Mr <01:01:26.240>chairman 01:01:26.630 --> 01:01:26.640 align:start position:0% exhibits here um um I think Mr chairman 01:01:26.640 --> 01:01:29.109 align:start position:0% exhibits here um um I think Mr chairman that<01:01:26.839>that's <01:01:27.079>all <01:01:27.359>I <01:01:27.720>have <01:01:28.240>with <01:01:28.520>regard <01:01:28.880>to 01:01:29.109 --> 01:01:29.119 align:start position:0% that that's all I have with regard to 01:01:29.119 --> 01:01:30.630 align:start position:0% that that's all I have with regard to this 01:01:30.630 --> 01:01:30.640 align:start position:0% this 01:01:30.640 --> 01:01:35.950 align:start position:0% this unit<01:01:31.640>okay <01:01:32.280>questions <01:01:32.799>from <01:01:33.119>members <01:01:33.400>of <01:01:33.559>the 01:01:35.950 --> 01:01:35.960 align:start position:0% 01:01:35.960 --> 01:01:39.470 align:start position:0% board<01:01:36.960>does <01:01:37.200>this <01:01:37.440>peti <01:01:37.960>petition <01:01:38.720>allow <01:01:39.280>this 01:01:39.470 --> 01:01:39.480 align:start position:0% board does this peti petition allow this 01:01:39.480 --> 01:01:41.309 align:start position:0% board does this peti petition allow this account<01:01:39.720>to <01:01:39.799>be <01:01:39.920>closed <01:01:40.280>or <01:01:40.480>it <01:01:40.599>still <01:01:40.880>be 01:01:41.309 --> 01:01:41.319 align:start position:0% account to be closed or it still be 01:01:41.319 --> 01:01:42.870 align:start position:0% account to be closed or it still be additional<01:01:41.720>things <01:01:41.960>that <01:01:42.079>will <01:01:42.240>be <01:01:42.520>held <01:01:42.720>in 01:01:42.870 --> 01:01:42.880 align:start position:0% additional things that will be held in 01:01:42.880 --> 01:01:45.589 align:start position:0% additional things that will be held in escrow<01:01:43.839>oh <01:01:44.039>we <01:01:44.200>have <01:01:44.400>additional <01:01:44.920>owners <01:01:45.440>who 01:01:45.589 --> 01:01:45.599 align:start position:0% escrow oh we have additional owners who 01:01:45.599 --> 01:01:48.750 align:start position:0% escrow oh we have additional owners who have<01:01:45.799>not <01:01:46.039>yet <01:01:46.240>submitted <01:01:46.760>w9s <01:01:47.760>and <01:01:48.240>and <01:01:48.559>so 01:01:48.750 --> 01:01:48.760 align:start position:0% have not yet submitted w9s and and so 01:01:48.760 --> 01:01:50.870 align:start position:0% have not yet submitted w9s and and so there<01:01:48.880>will <01:01:49.359>be <01:01:49.599>an <01:01:49.760>additional <01:01:50.160>need <01:01:50.359>for 01:01:50.870 --> 01:01:50.880 align:start position:0% there will be an additional need for 01:01:50.880 --> 01:01:53.430 align:start position:0% there will be an additional need for escra<01:01:51.880>okay <01:01:52.200>thank 01:01:53.430 --> 01:01:53.440 align:start position:0% escra okay thank 01:01:53.440 --> 01:01:54.990 align:start position:0% escra okay thank you 01:01:54.990 --> 01:01:55.000 align:start position:0% you 01:01:55.000 --> 01:01:58.029 align:start position:0% you any<01:01:55.200>further 01:01:58.029 --> 01:01:58.039 align:start position:0% 01:01:58.039 --> 01:02:03.029 align:start position:0% questions<01:01:59.039>okay <01:01:59.440>the <01:01:59.680>board <01:01:59.960>operates <01:02:00.359>on <01:02:00.480>a 01:02:03.029 --> 01:02:03.039 align:start position:0% 01:02:03.039 --> 01:02:05.150 align:start position:0% motion 01:02:05.150 --> 01:02:05.160 align:start position:0% motion 01:02:05.160 --> 01:02:07.309 align:start position:0% motion temporary 01:02:07.309 --> 01:02:07.319 align:start position:0% temporary 01:02:07.319 --> 01:02:10.829 align:start position:0% temporary second<01:02:08.319>okay <01:02:09.039>um <01:02:09.680>we <01:02:09.839>have <01:02:09.960>a <01:02:10.079>motion <01:02:10.440>a <01:02:10.559>second 01:02:10.829 --> 01:02:10.839 align:start position:0% second okay um we have a motion a second 01:02:10.839 --> 01:02:12.589 align:start position:0% second okay um we have a motion a second Miss<01:02:11.079>Gilman <01:02:11.400>would <01:02:11.559>you <01:02:11.920>pull <01:02:12.200>the <01:02:12.279>board 01:02:12.589 --> 01:02:12.599 align:start position:0% Miss Gilman would you pull the board 01:02:12.599 --> 01:02:18.309 align:start position:0% Miss Gilman would you pull the board please<01:02:13.480>Mrs <01:02:13.799>quill <01:02:14.760>yes <01:02:15.720>Mrs <01:02:16.720>yes <01:02:17.200>Mr <01:02:17.599>Harris 01:02:18.309 --> 01:02:18.319 align:start position:0% please Mrs quill yes Mrs yes Mr Harris 01:02:18.319 --> 01:02:25.309 align:start position:0% please Mrs quill yes Mrs yes Mr Harris yes<01:02:19.200>Mr <01:02:19.559>Jansen <01:02:20.520>yes <01:02:21.160>Mr <01:02:21.599>cofin <01:02:22.599>yes <01:02:23.279>Mr <01:02:23.559>pther 01:02:25.309 --> 01:02:25.319 align:start position:0% yes Mr Jansen yes Mr cofin yes Mr pther 01:02:25.319 --> 01:02:27.910 align:start position:0% yes Mr Jansen yes Mr cofin yes Mr pther yes<01:02:26.240>and <01:02:26.440>Mr 01:02:27.910 --> 01:02:27.920 align:start position:0% yes and Mr 01:02:27.920 --> 01:02:30.510 align:start position:0% yes and Mr r<01:02:28.920>i 01:02:30.510 --> 01:02:30.520 align:start position:0% r i 01:02:30.520 --> 01:02:34.430 align:start position:0% r i abstain<01:02:31.520>okay <01:02:31.920>that <01:02:32.520>motion <01:02:32.960>passed <01:02:33.760>um <01:02:34.240>and 01:02:34.430 --> 01:02:34.440 align:start position:0% abstain okay that motion passed um and 01:02:34.440 --> 01:02:37.029 align:start position:0% abstain okay that motion passed um and so<01:02:34.720>that <01:02:34.920>petition <01:02:35.520>has <01:02:35.839>been 01:02:37.029 --> 01:02:37.039 align:start position:0% so that petition has been 01:02:37.039 --> 01:02:39.430 align:start position:0% so that petition has been approved<01:02:38.039>okay <01:02:38.279>we'll <01:02:38.520>move <01:02:38.720>on <01:02:38.839>to <01:02:39.039>the <01:02:39.200>next 01:02:39.430 --> 01:02:39.440 align:start position:0% approved okay we'll move on to the next 01:02:39.440 --> 01:02:42.309 align:start position:0% approved okay we'll move on to the next item<01:02:39.839>it's <01:02:39.960>a <01:02:40.160>petition <01:02:40.640>from <01:02:40.839>Pocahontas <01:02:41.480>gas 01:02:42.309 --> 01:02:42.319 align:start position:0% item it's a petition from Pocahontas gas 01:02:42.319 --> 01:02:45.670 align:start position:0% item it's a petition from Pocahontas gas LLC<01:02:43.319>for <01:02:43.640>refund <01:02:44.359>of <01:02:44.640>escrow <01:02:45.119>payments <01:02:45.480>here 01:02:45.670 --> 01:02:45.680 align:start position:0% LLC for refund of escrow payments here 01:02:45.680 --> 01:02:48.829 align:start position:0% LLC for refund of escrow payments here to<01:02:45.839>for <01:02:46.559>deposited <01:02:47.559>with <01:02:47.720>the <01:02:47.799>board's <01:02:48.160>escro 01:02:48.829 --> 01:02:48.839 align:start position:0% to for deposited with the board's escro 01:02:48.839 --> 01:02:51.950 align:start position:0% to for deposited with the board's escro agent<01:02:49.839>uh <01:02:49.960>reimburse <01:02:50.799>overpayment <01:02:51.440>of <01:02:51.599>funds 01:02:51.950 --> 01:02:51.960 align:start position:0% agent uh reimburse overpayment of funds 01:02:51.960 --> 01:02:54.029 align:start position:0% agent uh reimburse overpayment of funds deposited<01:02:52.599>with <01:02:52.760>the <01:02:52.839>board's <01:02:53.200>escrow <01:02:53.680>agent 01:02:54.029 --> 01:02:54.039 align:start position:0% deposited with the board's escrow agent 01:02:54.039 --> 01:02:57.829 align:start position:0% deposited with the board's escrow agent and<01:02:54.440>era <01:02:55.079>attributable <01:02:55.720>to <01:02:56.440>units <01:02:57.440>uh <01:02:57.720>I'm 01:02:57.829 --> 01:02:57.839 align:start position:0% and era attributable to units uh I'm 01:02:57.839 --> 01:02:59.630 align:start position:0% and era attributable to units uh I'm sorry<01:02:58.119>to <01:02:58.279>unit 01:02:59.630 --> 01:02:59.640 align:start position:0% sorry to unit 01:02:59.640 --> 01:03:02.109 align:start position:0% sorry to unit vp8<01:03:00.640>uh 01:03:02.109 --> 01:03:02.119 align:start position:0% vp8 uh 01:03:02.119 --> 01:03:05.829 align:start position:0% vp8 uh SG3<01:03:03.119>to <01:03:03.359>Pocahontas <01:03:04.000>gas <01:03:04.279>LLC <01:03:05.200>docket <01:03:05.599>number 01:03:05.829 --> 01:03:05.839 align:start position:0% SG3 to Pocahontas gas LLC docket number 01:03:05.839 --> 01:03:08.870 align:start position:0% SG3 to Pocahontas gas LLC docket number is<01:03:06.000>VG <01:03:06.440>o 01:03:08.870 --> 01:03:08.880 align:start position:0% is VG o 01:03:08.880 --> 01:03:11.190 align:start position:0% is VG o 06-03 01:03:11.190 --> 01:03:11.200 align:start position:0% 06-03 01:03:11.200 --> 01:03:14.109 align:start position:0% 06-03 21-15 01:03:14.109 --> 01:03:14.119 align:start position:0% 21-15 01:03:14.119 --> 01:03:16.589 align:start position:0% 21-15 98-04<01:03:15.119>we'd <01:03:15.400>ask <01:03:15.599>all <01:03:15.799>parties <01:03:16.079>who <01:03:16.240>wish <01:03:16.440>to 01:03:16.589 --> 01:03:16.599 align:start position:0% 98-04 we'd ask all parties who wish to 01:03:16.599 --> 01:03:19.510 align:start position:0% 98-04 we'd ask all parties who wish to speak<01:03:16.839>to <01:03:17.079>this <01:03:17.319>petition <01:03:18.000>to <01:03:18.319>please <01:03:18.680>come 01:03:19.510 --> 01:03:19.520 align:start position:0% speak to this petition to please come 01:03:19.520 --> 01:03:23.710 align:start position:0% speak to this petition to please come forward<01:03:20.520>Mark <01:03:20.799>Schwarz <01:03:21.240>and <01:03:21.440>Kelly <01:03:22.119>Barry <01:03:23.119>F 01:03:23.710 --> 01:03:23.720 align:start position:0% forward Mark Schwarz and Kelly Barry F 01:03:23.720 --> 01:03:25.710 align:start position:0% forward Mark Schwarz and Kelly Barry F uh<01:03:23.880>I <01:03:24.000>believe <01:03:24.599>those <01:03:24.760>are <01:03:24.960>the <01:03:25.039>only <01:03:25.279>two <01:03:25.520>so 01:03:25.710 --> 01:03:25.720 align:start position:0% uh I believe those are the only two so 01:03:25.720 --> 01:03:28.630 align:start position:0% uh I believe those are the only two so you<01:03:25.839>may <01:03:26.279>proceed <01:03:27.279>thank <01:03:27.480>you <01:03:28.079>uh <01:03:28.240>Kelly <01:03:28.520>would 01:03:28.630 --> 01:03:28.640 align:start position:0% you may proceed thank you uh Kelly would 01:03:28.640 --> 01:03:32.390 align:start position:0% you may proceed thank you uh Kelly would you<01:03:28.760>state <01:03:29.000>your <01:03:29.119>name <01:03:29.359>for <01:03:29.880>us <01:03:30.880>Kelly <01:03:31.400>Barry 01:03:32.390 --> 01:03:32.400 align:start position:0% you state your name for us Kelly Barry 01:03:32.400 --> 01:03:34.750 align:start position:0% you state your name for us Kelly Barry uh<01:03:33.200>have <01:03:33.319>you <01:03:33.480>been <01:03:33.760>previously 01:03:34.750 --> 01:03:34.760 align:start position:0% uh have you been previously 01:03:34.760 --> 01:03:38.230 align:start position:0% uh have you been previously sworn<01:03:35.920>yes <01:03:36.920>and <01:03:37.079>that <01:03:37.240>happened <01:03:37.559>today 01:03:38.230 --> 01:03:38.240 align:start position:0% sworn yes and that happened today 01:03:38.240 --> 01:03:41.950 align:start position:0% sworn yes and that happened today correct<01:03:38.920>yes <01:03:39.440>yes <01:03:39.799>okay <01:03:40.720>uh <01:03:41.240>who <01:03:41.359>do <01:03:41.480>you <01:03:41.599>work 01:03:41.950 --> 01:03:41.960 align:start position:0% correct yes yes okay uh who do you work 01:03:41.960 --> 01:03:44.510 align:start position:0% correct yes yes okay uh who do you work for<01:03:42.960>Pocahontas <01:03:43.599>gas 01:03:44.510 --> 01:03:44.520 align:start position:0% for Pocahontas gas 01:03:44.520 --> 01:03:47.349 align:start position:0% for Pocahontas gas LLC<01:03:45.520>and <01:03:45.680>are <01:03:45.839>you <01:03:46.039>here <01:03:46.319>on <01:03:46.599>behalf <01:03:47.079>of 01:03:47.349 --> 01:03:47.359 align:start position:0% LLC and are you here on behalf of 01:03:47.359 --> 01:03:50.349 align:start position:0% LLC and are you here on behalf of Pocahontas<01:03:48.000>gas <01:03:48.640>the <01:03:48.839>petitioner <01:03:49.799>in <01:03:50.079>in 01:03:50.349 --> 01:03:50.359 align:start position:0% Pocahontas gas the petitioner in in 01:03:50.359 --> 01:03:52.789 align:start position:0% Pocahontas gas the petitioner in in support<01:03:50.839>to <01:03:51.119>support <01:03:51.559>this <01:03:51.720>miscellaneous 01:03:52.789 --> 01:03:52.799 align:start position:0% support to support this miscellaneous 01:03:52.799 --> 01:03:55.670 align:start position:0% support to support this miscellaneous petition<01:03:53.799>yes 01:03:55.670 --> 01:03:55.680 align:start position:0% petition yes 01:03:55.680 --> 01:03:58.470 align:start position:0% petition yes uh<01:03:56.640>what <01:03:56.760>did <01:03:56.960>you <01:03:57.079>do <01:03:57.240>to <01:03:57.440>notify <01:03:58.000>folks <01:03:58.400>we 01:03:58.470 --> 01:03:58.480 align:start position:0% uh what did you do to notify folks we 01:03:58.480 --> 01:04:00.309 align:start position:0% uh what did you do to notify folks we were<01:03:58.599>going <01:03:58.680>to <01:03:58.799>have <01:03:58.880>a <01:03:59.039>hearing 01:04:00.309 --> 01:04:00.319 align:start position:0% were going to have a hearing 01:04:00.319 --> 01:04:04.549 align:start position:0% were going to have a hearing today<01:04:01.319>uh <01:04:01.559>there <01:04:01.680>was <01:04:01.839>a <01:04:01.960>not <01:04:02.599>notice <01:04:03.160>of <01:04:03.599>in 01:04:04.549 --> 01:04:04.559 align:start position:0% today uh there was a not notice of in 01:04:04.559 --> 01:04:08.269 align:start position:0% today uh there was a not notice of in publication<01:04:05.559>okay <01:04:06.400>okay <01:04:07.400>uh <01:04:07.640>and <01:04:07.839>this <01:04:07.960>is 01:04:08.269 --> 01:04:08.279 align:start position:0% publication okay okay uh and this is 01:04:08.279 --> 01:04:11.470 align:start position:0% publication okay okay uh and this is kind<01:04:08.400>of <01:04:08.680>a 01:04:11.470 --> 01:04:11.480 align:start position:0% 01:04:11.480 --> 01:04:14.269 align:start position:0% u<01:04:12.480>I'll <01:04:12.680>let <01:04:12.839>you <01:04:13.039>tell <01:04:13.319>the <01:04:13.480>board <01:04:13.960>why <01:04:14.160>and 01:04:14.269 --> 01:04:14.279 align:start position:0% u I'll let you tell the board why and 01:04:14.279 --> 01:04:16.230 align:start position:0% u I'll let you tell the board why and then<01:04:14.400>we'll <01:04:14.599>go <01:04:14.720>to <01:04:14.880>the <01:04:15.079>map <01:04:15.599>and <01:04:15.760>the <01:04:15.920>and <01:04:16.039>the 01:04:16.230 --> 01:04:16.240 align:start position:0% then we'll go to the map and the and the 01:04:16.240 --> 01:04:18.750 align:start position:0% then we'll go to the map and the and the document<01:04:16.799>why <01:04:17.119>why <01:04:17.240>are <01:04:17.400>we <01:04:17.599>here <01:04:17.799>on <01:04:18.000>this <01:04:18.559>uh 01:04:18.750 --> 01:04:18.760 align:start position:0% document why why are we here on this uh 01:04:18.760 --> 01:04:21.430 align:start position:0% document why why are we here on this uh on<01:04:19.000>this <01:04:19.200>petition <01:04:19.680>today <01:04:20.680>uh <01:04:20.799>we <01:04:20.920>are <01:04:21.079>here <01:04:21.240>on 01:04:21.430 --> 01:04:21.440 align:start position:0% on this petition today uh we are here on 01:04:21.440 --> 01:04:24.950 align:start position:0% on this petition today uh we are here on this<01:04:21.680>petition <01:04:22.400>today <01:04:23.400>uh <01:04:23.559>because 01:04:24.950 --> 01:04:24.960 align:start position:0% this petition today uh because 01:04:24.960 --> 01:04:27.750 align:start position:0% this petition today uh because we<01:04:25.119>have <01:04:25.559>discovered <01:04:26.160>that <01:04:26.720>funds <01:04:27.319>have <01:04:27.480>been 01:04:27.750 --> 01:04:27.760 align:start position:0% we have discovered that funds have been 01:04:27.760 --> 01:04:30.789 align:start position:0% we have discovered that funds have been deposited<01:04:28.440>into <01:04:28.720>the <01:04:28.839>escrow <01:04:29.480>account <01:04:30.400>for 01:04:30.789 --> 01:04:30.799 align:start position:0% deposited into the escrow account for 01:04:30.799 --> 01:04:32.670 align:start position:0% deposited into the escrow account for vp8 01:04:32.670 --> 01:04:32.680 align:start position:0% vp8 01:04:32.680 --> 01:04:36.190 align:start position:0% vp8 SG3<01:04:33.680>that <01:04:33.920>were <01:04:34.400>attributable <01:04:35.039>to <01:04:35.319>Wells <01:04:36.039>that 01:04:36.190 --> 01:04:36.200 align:start position:0% SG3 that were attributable to Wells that 01:04:36.200 --> 01:04:38.990 align:start position:0% SG3 that were attributable to Wells that are<01:04:36.480>not <01:04:36.839>located <01:04:37.599>within <01:04:38.039>the <01:04:38.200>boundary <01:04:38.799>of 01:04:38.990 --> 01:04:39.000 align:start position:0% are not located within the boundary of 01:04:39.000 --> 01:04:40.630 align:start position:0% are not located within the boundary of bp8 01:04:40.630 --> 01:04:40.640 align:start position:0% bp8 01:04:40.640 --> 01:04:43.630 align:start position:0% bp8 SG3<01:04:41.640>and <01:04:41.839>therefore <01:04:42.359>we <01:04:42.480>are <01:04:42.799>asking <01:04:43.400>that 01:04:43.630 --> 01:04:43.640 align:start position:0% SG3 and therefore we are asking that 01:04:43.640 --> 01:04:46.510 align:start position:0% SG3 and therefore we are asking that those<01:04:43.880>funds <01:04:44.319>be <01:04:44.680>reimbursed <01:04:45.680>to <01:04:45.880>Pocahontas 01:04:46.510 --> 01:04:46.520 align:start position:0% those funds be reimbursed to Pocahontas 01:04:46.520 --> 01:04:49.470 align:start position:0% those funds be reimbursed to Pocahontas scas<01:04:46.839>LLC <01:04:47.599>to <01:04:47.839>be <01:04:48.559>distributed <01:04:49.160>to <01:04:49.279>the 01:04:49.470 --> 01:04:49.480 align:start position:0% scas LLC to be distributed to the 01:04:49.480 --> 01:04:51.750 align:start position:0% scas LLC to be distributed to the appropriate<01:04:50.000>owners <01:04:50.720>in <01:04:50.960>those <01:04:51.240>individual 01:04:51.750 --> 01:04:51.760 align:start position:0% appropriate owners in those individual 01:04:51.760 --> 01:04:52.710 align:start position:0% appropriate owners in those individual Frack 01:04:52.710 --> 01:04:52.720 align:start position:0% Frack 01:04:52.720 --> 01:04:56.630 align:start position:0% Frack units<01:04:53.720>okay <01:04:54.640>uh <01:04:54.920>and <01:04:55.119>and <01:04:55.279>to <01:04:55.680>to <01:04:56.079>to <01:04:56.240>sort <01:04:56.440>of 01:04:56.630 --> 01:04:56.640 align:start position:0% units okay uh and and to to to sort of 01:04:56.640 --> 01:04:59.309 align:start position:0% units okay uh and and to to to sort of see<01:04:57.200>what <01:04:57.359>you're <01:04:57.640>talking <01:04:58.079>about <01:04:58.480>if <01:04:58.760>if <01:04:59.160>if 01:04:59.309 --> 01:04:59.319 align:start position:0% see what you're talking about if if if 01:04:59.319 --> 01:05:02.390 align:start position:0% see what you're talking about if if if you<01:04:59.480>all <01:04:59.720>can <01:05:00.039>look <01:05:00.240>at <01:05:00.440>the <01:05:00.680>map <01:05:01.279>at <01:05:01.880>um <01:05:02.200>at 01:05:02.390 --> 01:05:02.400 align:start position:0% you all can look at the map at um at 01:05:02.400 --> 01:05:03.950 align:start position:0% you all can look at the map at um at page<01:05:02.640>two <01:05:02.880>of <01:05:03.039>the 01:05:03.950 --> 01:05:03.960 align:start position:0% page two of the 01:05:03.960 --> 01:05:07.150 align:start position:0% page two of the application<01:05:04.960>you <01:05:05.079>will <01:05:05.400>see <01:05:05.839>a <01:05:06.160>portion <01:05:06.760>of <01:05:06.960>a 01:05:07.150 --> 01:05:07.160 align:start position:0% application you will see a portion of a 01:05:07.160 --> 01:05:10.950 align:start position:0% application you will see a portion of a long<01:05:07.520>wall <01:05:07.880>mine <01:05:08.760>uh <01:05:08.880>you've <01:05:09.119>got <01:05:09.640>some <01:05:10.640>at <01:05:10.760>the 01:05:10.950 --> 01:05:10.960 align:start position:0% long wall mine uh you've got some at the 01:05:10.960 --> 01:05:14.230 align:start position:0% long wall mine uh you've got some at the very<01:05:11.640>top <01:05:12.039>of <01:05:12.319>the <01:05:12.520>map <01:05:12.920>you've <01:05:13.160>got <01:05:13.400>some <01:05:14.039>an 01:05:14.230 --> 01:05:14.240 align:start position:0% very top of the map you've got some an 01:05:14.240 --> 01:05:16.750 align:start position:0% very top of the map you've got some an indication<01:05:14.799>of <01:05:14.920>a <01:05:15.079>long <01:05:15.319>Mall <01:05:15.599>panel <01:05:15.960>that <01:05:16.240>was 01:05:16.750 --> 01:05:16.760 align:start position:0% indication of a long Mall panel that was 01:05:16.760 --> 01:05:19.870 align:start position:0% indication of a long Mall panel that was mine<01:05:17.760>then <01:05:17.880>you've <01:05:18.160>got <01:05:18.400>some <01:05:18.760>entries <01:05:19.520>and 01:05:19.870 --> 01:05:19.880 align:start position:0% mine then you've got some entries and 01:05:19.880 --> 01:05:23.589 align:start position:0% mine then you've got some entries and and<01:05:20.119>some <01:05:20.359>mining <01:05:21.200>in <01:05:22.000>uh <01:05:22.920>in <01:05:23.079>the <01:05:23.279>in <01:05:23.400>the 01:05:23.589 --> 01:05:23.599 align:start position:0% and some mining in uh in the in the 01:05:23.599 --> 01:05:28.230 align:start position:0% and some mining in uh in the in the first<01:05:24.160>full <01:05:24.480>panels <01:05:25.640>uh <01:05:26.640>below <01:05:27.119>the <01:05:27.319>North 01:05:28.230 --> 01:05:28.240 align:start position:0% first full panels uh below the North 01:05:28.240 --> 01:05:32.230 align:start position:0% first full panels uh below the North Boundary<01:05:29.240>and <01:05:29.480>around <01:05:30.000>the <01:05:30.279>the <01:05:30.680>mining <01:05:31.680>uh 01:05:32.230 --> 01:05:32.240 align:start position:0% Boundary and around the the mining uh 01:05:32.240 --> 01:05:35.750 align:start position:0% Boundary and around the the mining uh the<01:05:32.359>Mind <01:05:32.720>map <01:05:33.079>you <01:05:33.200>can <01:05:33.400>see <01:05:33.880>a <01:05:34.160>blue 01:05:35.750 --> 01:05:35.760 align:start position:0% the Mind map you can see a blue 01:05:35.760 --> 01:05:39.309 align:start position:0% the Mind map you can see a blue line<01:05:36.760>uh <01:05:36.880>and <01:05:37.039>that <01:05:37.279>blue <01:05:37.640>line <01:05:38.640>is <01:05:38.839>that <01:05:39.119>in 01:05:39.309 --> 01:05:39.319 align:start position:0% line uh and that blue line is that in 01:05:39.319 --> 01:05:44.109 align:start position:0% line uh and that blue line is that in fact<01:05:39.520>the <01:05:39.920>boundary <01:05:40.920>of <01:05:41.079>the <01:05:41.359>sealed <01:05:41.880>go <01:05:42.559>unit 01:05:44.109 --> 01:05:44.119 align:start position:0% fact the boundary of the sealed go unit 01:05:44.119 --> 01:05:48.829 align:start position:0% fact the boundary of the sealed go unit um<01:05:45.119>that <01:05:46.240>uh <01:05:47.240>yes <01:05:47.400>that <01:05:47.520>is <01:05:47.599>on <01:05:47.799>the <01:05:48.039>south <01:05:48.640>the 01:05:48.829 --> 01:05:48.839 align:start position:0% um that uh yes that is on the south the 01:05:48.839 --> 01:05:53.630 align:start position:0% um that uh yes that is on the south the South<01:05:49.599>uh <01:05:49.839>side <01:05:50.200>of <01:05:50.599>the <01:05:51.200>vp8 <01:05:52.119>SG3 <01:05:53.000>boundary 01:05:53.630 --> 01:05:53.640 align:start position:0% South uh side of the vp8 SG3 boundary 01:05:53.640 --> 01:05:56.789 align:start position:0% South uh side of the vp8 SG3 boundary yes<01:05:54.240>okay <01:05:54.880>and <01:05:55.079>so <01:05:55.640>it's <01:05:55.880>clear <01:05:56.240>and <01:05:56.359>then <01:05:56.640>have 01:05:56.789 --> 01:05:56.799 align:start position:0% yes okay and so it's clear and then have 01:05:56.799 --> 01:06:00.230 align:start position:0% yes okay and so it's clear and then have you<01:05:57.039>you <01:05:57.240>put <01:05:57.559>circles <01:05:58.279>around <01:05:59.039>five <01:05:59.520>Wells 01:06:00.230 --> 01:06:00.240 align:start position:0% you you put circles around five Wells 01:06:00.240 --> 01:06:02.309 align:start position:0% you you put circles around five Wells correct 01:06:02.309 --> 01:06:02.319 align:start position:0% correct 01:06:02.319 --> 01:06:07.109 align:start position:0% correct yes<01:06:03.319>and <01:06:03.520>those <01:06:03.799>Wells <01:06:04.359>are <01:06:04.720>in <01:06:05.480>two 01:06:07.109 --> 01:06:07.119 align:start position:0% yes and those Wells are in two 01:06:07.119 --> 01:06:09.390 align:start position:0% yes and those Wells are in two uh<01:06:08.119>Frack 01:06:09.390 --> 01:06:09.400 align:start position:0% uh Frack 01:06:09.400 --> 01:06:12.549 align:start position:0% uh Frack units<01:06:10.400>yes <01:06:10.599>that <01:06:10.720>would <01:06:10.839>be <01:06:11.039>Z10 <01:06:11.760>and 01:06:12.549 --> 01:06:12.559 align:start position:0% units yes that would be Z10 and 01:06:12.559 --> 01:06:17.150 align:start position:0% units yes that would be Z10 and z11<01:06:13.559>are <01:06:13.799>those <01:06:14.000>oak <01:06:14.240>wood <01:06:14.920>units <01:06:15.960>yes <01:06:16.960>okay 01:06:17.150 --> 01:06:17.160 align:start position:0% z11 are those oak wood units yes okay 01:06:17.160 --> 01:06:19.829 align:start position:0% z11 are those oak wood units yes okay and<01:06:17.319>the <01:06:17.440>intent <01:06:18.039>here <01:06:18.319>is <01:06:18.440>to <01:06:18.760>retrieve <01:06:19.520>the 01:06:19.829 --> 01:06:19.839 align:start position:0% and the intent here is to retrieve the 01:06:19.839 --> 01:06:24.150 align:start position:0% and the intent here is to retrieve the funds<01:06:20.839>from <01:06:21.119>the <01:06:21.279>sealed <01:06:21.799>Gob <01:06:22.319>unit <01:06:23.319>and <01:06:23.559>then 01:06:24.150 --> 01:06:24.160 align:start position:0% funds from the sealed Gob unit and then 01:06:24.160 --> 01:06:28.349 align:start position:0% funds from the sealed Gob unit and then divide<01:06:24.599>them <01:06:25.119>appropriately <01:06:26.119>between <01:06:27.359>Z10 01:06:28.349 --> 01:06:28.359 align:start position:0% divide them appropriately between Z10 01:06:28.359 --> 01:06:31.430 align:start position:0% divide them appropriately between Z10 owners<01:06:29.000>and <01:06:29.240>z11 <01:06:30.160>owners <01:06:30.559>and <01:06:30.799>those <01:06:31.039>two 01:06:31.430 --> 01:06:31.440 align:start position:0% owners and z11 owners and those two 01:06:31.440 --> 01:06:34.710 align:start position:0% owners and z11 owners and those two Frack<01:06:31.839>units <01:06:32.720>and <01:06:33.160>apportion <01:06:34.160>the <01:06:34.520>the 01:06:34.710 --> 01:06:34.720 align:start position:0% Frack units and apportion the the 01:06:34.720 --> 01:06:36.789 align:start position:0% Frack units and apportion the the production<01:06:35.279>and <01:06:35.520>revenue 01:06:36.789 --> 01:06:36.799 align:start position:0% production and revenue 01:06:36.799 --> 01:06:40.230 align:start position:0% production and revenue accordingly<01:06:37.799>that's <01:06:38.039>correct <01:06:39.000>okay <01:06:39.799>and <01:06:39.960>then 01:06:40.230 --> 01:06:40.240 align:start position:0% accordingly that's correct okay and then 01:06:40.240 --> 01:06:42.349 align:start position:0% accordingly that's correct okay and then we've<01:06:40.440>got <01:06:40.760>quite <01:06:40.960>a <01:06:41.200>collection <01:06:42.039>of 01:06:42.349 --> 01:06:42.359 align:start position:0% we've got quite a collection of 01:06:42.359 --> 01:06:44.309 align:start position:0% we've got quite a collection of calculations<01:06:43.319>because <01:06:43.520>we <01:06:43.640>had <01:06:43.760>to <01:06:43.880>go <01:06:44.079>back 01:06:44.309 --> 01:06:44.319 align:start position:0% calculations because we had to go back 01:06:44.319 --> 01:06:49.670 align:start position:0% calculations because we had to go back in<01:06:45.079>time <01:06:46.079>uh <01:06:46.960>to <01:06:47.240>to <01:06:47.480>re <01:06:48.160>recalculate <01:06:49.160>all <01:06:49.359>of 01:06:49.670 --> 01:06:49.680 align:start position:0% in time uh to to re recalculate all of 01:06:49.680 --> 01:06:52.950 align:start position:0% in time uh to to re recalculate all of this<01:06:50.680>or <01:06:50.920>reallocate <01:06:51.760>the <01:06:51.960>production <01:06:52.720>and 01:06:52.950 --> 01:06:52.960 align:start position:0% this or reallocate the production and 01:06:52.960 --> 01:06:55.430 align:start position:0% this or reallocate the production and the<01:06:53.279>and <01:06:53.400>the <01:06:53.520>dollar <01:06:54.079>amounts <01:06:54.839>so <01:06:55.079>starting 01:06:55.430 --> 01:06:55.440 align:start position:0% the and the dollar amounts so starting 01:06:55.440 --> 01:06:59.829 align:start position:0% the and the dollar amounts so starting at<01:06:55.760>page <01:06:56.079>three <01:06:56.520>you <01:06:56.880>provided <01:06:57.400>us <01:06:57.799>with <01:06:57.960>a <01:06:58.839>uh 01:06:59.829 --> 01:06:59.839 align:start position:0% at page three you provided us with a uh 01:06:59.839 --> 01:07:01.510 align:start position:0% at page three you provided us with a uh essentially<01:07:00.279>the 01:07:01.510 --> 01:07:01.520 align:start position:0% essentially the 01:07:01.520 --> 01:07:04.950 align:start position:0% essentially the recalculation<01:07:02.520>uh <01:07:02.680>and <01:07:02.880>to <01:07:03.200>simplify <01:07:04.119>matters 01:07:04.950 --> 01:07:04.960 align:start position:0% recalculation uh and to simplify matters 01:07:04.960 --> 01:07:08.829 align:start position:0% recalculation uh and to simplify matters if<01:07:05.079>we <01:07:05.359>go <01:07:05.720>to <01:07:06.000>the <01:07:06.960>very <01:07:07.520>last 01:07:08.829 --> 01:07:08.839 align:start position:0% if we go to the very last 01:07:08.839 --> 01:07:13.069 align:start position:0% if we go to the very last page<01:07:09.920>um <01:07:10.920>of <01:07:11.240>this <01:07:12.200>application <01:07:12.640>I <01:07:12.720>think <01:07:12.839>it's 01:07:13.069 --> 01:07:13.079 align:start position:0% page um of this application I think it's 01:07:13.079 --> 01:07:17.510 align:start position:0% page um of this application I think it's page<01:07:13.319>20 <01:07:13.760>page <01:07:14.440>20 <01:07:15.400>you <01:07:15.799>have <01:07:16.720>uh <01:07:17.000>provided 01:07:17.510 --> 01:07:17.520 align:start position:0% page 20 PDF page 20 you have uh provided 01:07:17.520 --> 01:07:20.349 align:start position:0% page 20 PDF page 20 you have uh provided a<01:07:17.720>summary <01:07:18.400>of <01:07:18.640>the <01:07:18.799>funds <01:07:19.279>paid <01:07:19.520>in <01:07:19.760>error 01:07:20.349 --> 01:07:20.359 align:start position:0% a summary of the funds paid in error 01:07:20.359 --> 01:07:22.150 align:start position:0% a summary of the funds paid in error which<01:07:20.480>is <01:07:20.599>a <01:07:20.760>summary <01:07:21.200>of <01:07:21.319>the <01:07:21.559>preceding 01:07:22.150 --> 01:07:22.160 align:start position:0% which is a summary of the preceding 01:07:22.160 --> 01:07:25.910 align:start position:0% which is a summary of the preceding Pages<01:07:22.640>correct <01:07:23.640>that's <01:07:24.000>correct <01:07:24.960>okay <01:07:25.720>and 01:07:25.910 --> 01:07:25.920 align:start position:0% Pages correct that's correct okay and 01:07:25.920 --> 01:07:29.789 align:start position:0% Pages correct that's correct okay and you<01:07:26.200>have <01:07:26.960>uh <01:07:27.160>in <01:07:27.839>fact <01:07:28.839>uh 01:07:29.789 --> 01:07:29.799 align:start position:0% you have uh in fact uh 01:07:29.799 --> 01:07:33.069 align:start position:0% you have uh in fact uh summarized<01:07:30.799>the <01:07:31.160>the <01:07:31.559>the <01:07:31.799>the <01:07:32.000>subtotals <01:07:32.839>in 01:07:33.069 --> 01:07:33.079 align:start position:0% summarized the the the the subtotals in 01:07:33.079 --> 01:07:37.190 align:start position:0% summarized the the the the subtotals in effect<01:07:33.400>for <01:07:33.760>each <01:07:34.119>of <01:07:34.319>the <01:07:34.559>five <01:07:35.279>Wells 01:07:37.190 --> 01:07:37.200 align:start position:0% effect for each of the five Wells 01:07:37.200 --> 01:07:41.630 align:start position:0% effect for each of the five Wells yes<01:07:38.200>uh <01:07:38.599>and <01:07:39.039>and <01:07:39.200>you <01:07:39.559>report <01:07:40.319>a <01:07:40.680>total <01:07:41.200>to <01:07:41.400>be 01:07:41.630 --> 01:07:41.640 align:start position:0% yes uh and and you report a total to be 01:07:41.640 --> 01:07:45.510 align:start position:0% yes uh and and you report a total to be refunded<01:07:42.480>of <01:07:42.680>what <01:07:43.240>amount <01:07:44.240>$ 01:07:45.510 --> 01:07:45.520 align:start position:0% refunded of what amount $ 01:07:45.520 --> 01:07:49.789 align:start position:0% refunded of what amount $ 32,40 01:07:49.789 --> 01:07:49.799 align:start position:0% 01:07:49.799 --> 01:07:53.150 align:start position:0% 73<01:07:50.799>then <01:07:51.039>you <01:07:51.240>will <01:07:51.599>as <01:07:51.839>as <01:07:52.000>we've <01:07:52.319>indicated 01:07:53.150 --> 01:07:53.160 align:start position:0% 73 then you will as as we've indicated 01:07:53.160 --> 01:07:56.150 align:start position:0% 73 then you will as as we've indicated uh<01:07:53.319>real <01:07:54.160>ate <01:07:54.520>to 01:07:56.150 --> 01:07:56.160 align:start position:0% uh real ate to 01:07:56.160 --> 01:07:59.589 align:start position:0% uh real ate to uh<01:07:57.160>unit <01:07:57.520>Z10 <01:07:58.359>and <01:07:58.559>unit 01:07:59.589 --> 01:07:59.599 align:start position:0% uh unit Z10 and unit 01:07:59.599 --> 01:08:01.470 align:start position:0% uh unit Z10 and unit z11 01:08:01.470 --> 01:08:01.480 align:start position:0% z11 01:08:01.480 --> 01:08:04.710 align:start position:0% z11 yes<01:08:02.480>I <01:08:02.599>think <01:08:02.760>that's <01:08:02.960>all <01:08:03.160>we <01:08:03.400>have <01:08:03.720>on <01:08:04.039>this 01:08:04.710 --> 01:08:04.720 align:start position:0% yes I think that's all we have on this 01:08:04.720 --> 01:08:06.349 align:start position:0% yes I think that's all we have on this uh<01:08:04.839>Mr 01:08:06.349 --> 01:08:06.359 align:start position:0% uh Mr 01:08:06.359 --> 01:08:09.670 align:start position:0% uh Mr chairman<01:08:07.359>excuse <01:08:07.680>me <01:08:08.520>uh <01:08:08.960>questions <01:08:09.359>from 01:08:09.670 --> 01:08:09.680 align:start position:0% chairman excuse me uh questions from 01:08:09.680 --> 01:08:17.149 align:start position:0% chairman excuse me uh questions from board 01:08:17.149 --> 01:08:17.159 align:start position:0% 01:08:17.159 --> 01:08:20.070 align:start position:0% members<01:08:18.159>just <01:08:18.359>so <01:08:18.759>that <01:08:19.159>um <01:08:19.480>makes <01:08:19.640>sure 01:08:20.070 --> 01:08:20.080 align:start position:0% members just so that um makes sure 01:08:20.080 --> 01:08:21.229 align:start position:0% members just so that um makes sure understand<01:08:20.199>what <01:08:20.319>I'm <01:08:20.440>looking <01:08:20.640>at <01:08:20.880>here <01:08:21.080>on 01:08:21.229 --> 01:08:21.239 align:start position:0% understand what I'm looking at here on 01:08:21.239 --> 01:08:22.829 align:start position:0% understand what I'm looking at here on your 01:08:22.829 --> 01:08:22.839 align:start position:0% your 01:08:22.839 --> 01:08:24.590 align:start position:0% your summary 01:08:24.590 --> 01:08:24.600 align:start position:0% summary 01:08:24.600 --> 01:08:28.070 align:start position:0% summary one<01:08:24.920>page <01:08:25.199>let <01:08:25.440>get <01:08:25.560>back <01:08:25.719>down <01:08:25.799>to <01:08:25.920>the 01:08:28.070 --> 01:08:28.080 align:start position:0% one page let get back down to the 01:08:28.080 --> 01:08:31.030 align:start position:0% one page let get back down to the summary<01:08:29.080>I <01:08:29.359>I <01:08:29.480>can <01:08:29.759>explain <01:08:30.319>ahead <01:08:30.560>of <01:08:30.759>that 01:08:31.030 --> 01:08:31.040 align:start position:0% summary I I can explain ahead of that 01:08:31.040 --> 01:08:32.829 align:start position:0% summary I I can explain ahead of that also<01:08:31.839>I'm <01:08:32.000>not <01:08:32.080>sure <01:08:32.279>what <01:08:32.400>your <01:08:32.600>question 01:08:32.829 --> 01:08:32.839 align:start position:0% also I'm not sure what your question 01:08:32.839 --> 01:08:35.229 align:start position:0% also I'm not sure what your question will<01:08:33.000>be <01:08:33.239>but <01:08:33.400>to <01:08:33.719>just <01:08:34.080>explain <01:08:34.600>why <01:08:34.799>we <01:08:35.120>have 01:08:35.229 --> 01:08:35.239 align:start position:0% will be but to just explain why we have 01:08:35.239 --> 01:08:37.870 align:start position:0% will be but to just explain why we have it<01:08:35.400>broken <01:08:35.719>up <01:08:35.920>into <01:08:36.279>three <01:08:37.279>uh <01:08:37.400>groups <01:08:37.719>of 01:08:37.870 --> 01:08:37.880 align:start position:0% it broken up into three uh groups of 01:08:37.880 --> 01:08:41.470 align:start position:0% it broken up into three uh groups of sales<01:08:38.279>dates <01:08:38.839>that <01:08:38.960>is <01:08:39.239>because <01:08:40.239>we <01:08:40.560>had <01:08:41.000>three 01:08:41.470 --> 01:08:41.480 align:start position:0% sales dates that is because we had three 01:08:41.480 --> 01:08:44.070 align:start position:0% sales dates that is because we had three different<01:08:41.880>accounting <01:08:42.440>systems <01:08:43.279>during <01:08:43.880>the 01:08:44.070 --> 01:08:44.080 align:start position:0% different accounting systems during the 01:08:44.080 --> 01:08:47.910 align:start position:0% different accounting systems during the time<01:08:44.440>period <01:08:45.440>when <01:08:45.759>these <01:08:46.159>Wells <01:08:47.159>paid <01:08:47.480>into 01:08:47.910 --> 01:08:47.920 align:start position:0% time period when these Wells paid into 01:08:47.920 --> 01:08:50.390 align:start position:0% time period when these Wells paid into the<01:08:48.040>seel <01:08:48.359>go <01:08:48.600>unit <01:08:48.839>in <01:08:49.040>error <01:08:49.799>so <01:08:50.000>we <01:08:50.120>had <01:08:50.239>to 01:08:50.390 --> 01:08:50.400 align:start position:0% the seel go unit in error so we had to 01:08:50.400 --> 01:08:53.829 align:start position:0% the seel go unit in error so we had to retrieve<01:08:51.239>the <01:08:51.520>the <01:08:51.640>funds <01:08:52.040>for <01:08:52.319>each <01:08:52.799>well 01:08:53.829 --> 01:08:53.839 align:start position:0% retrieve the the funds for each well 01:08:53.839 --> 01:08:56.030 align:start position:0% retrieve the the funds for each well from<01:08:54.120>three <01:08:54.359>different <01:08:54.640>accounting 01:08:56.030 --> 01:08:56.040 align:start position:0% from three different accounting 01:08:56.040 --> 01:08:58.070 align:start position:0% from three different accounting systems<01:08:57.040>okay <01:08:57.239>that's <01:08:57.480>that's <01:08:57.679>part <01:08:57.799>of <01:08:57.920>my 01:08:58.070 --> 01:08:58.080 align:start position:0% systems okay that's that's part of my 01:08:58.080 --> 01:09:01.910 align:start position:0% systems okay that's that's part of my question<01:08:58.719>the <01:08:58.880>sales <01:08:59.239>date <01:08:59.520>the <01:08:59.799>June <01:09:00.199>20 <01:09:00.920>June 01:09:01.910 --> 01:09:01.920 align:start position:0% question the sales date the June 20 June 01:09:01.920 --> 01:09:05.030 align:start position:0% question the sales date the June 20 June 206<01:09:02.920>2012 <01:09:03.719>none <01:09:03.839>of <01:09:04.000>those <01:09:04.159>dates <01:09:04.400>show <01:09:04.640>up <01:09:04.799>in 01:09:05.030 --> 01:09:05.040 align:start position:0% 206 2012 none of those dates show up in 01:09:05.040 --> 01:09:07.789 align:start position:0% 206 2012 none of those dates show up in the<01:09:05.679>the <01:09:05.880>prior <01:09:06.199>summaries <01:09:06.799>of <01:09:07.040>all <01:09:07.319>the <01:09:07.679>the 01:09:07.789 --> 01:09:07.799 align:start position:0% the the prior summaries of all the the 01:09:07.799 --> 01:09:09.990 align:start position:0% the the prior summaries of all the the dates<01:09:08.040>it <01:09:08.159>looks <01:09:08.319>like <01:09:08.400>it <01:09:08.520>starts <01:09:08.799>in 01:09:09.990 --> 01:09:10.000 align:start position:0% dates it looks like it starts in 01:09:10.000 --> 01:09:13.030 align:start position:0% dates it looks like it starts in 201<01:09:11.000>well <01:09:11.120>there <01:09:11.560>I <01:09:11.679>submitted <01:09:12.400>I <01:09:12.520>submitted 01:09:13.030 --> 01:09:13.040 align:start position:0% 201 well there I submitted I submitted 01:09:13.040 --> 01:09:16.030 align:start position:0% 201 well there I submitted I submitted three<01:09:13.440>separate <01:09:14.440>um <01:09:15.279>there <01:09:15.440>should <01:09:15.640>be <01:09:15.880>a 01:09:16.030 --> 01:09:16.040 align:start position:0% three separate um there should be a 01:09:16.040 --> 01:09:18.470 align:start position:0% three separate um there should be a separate<01:09:16.400>summary <01:09:17.159>for <01:09:17.839>there <01:09:17.960>should <01:09:18.159>be 01:09:18.470 --> 01:09:18.480 align:start position:0% separate summary for there should be 01:09:18.480 --> 01:09:21.070 align:start position:0% separate summary for there should be separate<01:09:18.920>detail <01:09:19.520>for <01:09:19.839>each <01:09:20.239>time <01:09:20.520>period <01:09:21.000>I 01:09:21.070 --> 01:09:21.080 align:start position:0% separate detail for each time period I 01:09:21.080 --> 01:09:24.149 align:start position:0% separate detail for each time period I should<01:09:21.560>say <01:09:22.560>I <01:09:22.719>submitted <01:09:23.199>separate <01:09:23.480>Det <01:09:24.000>for 01:09:24.149 --> 01:09:24.159 align:start position:0% should say I submitted separate Det for 01:09:24.159 --> 01:09:26.349 align:start position:0% should say I submitted separate Det for each<01:09:24.400>time <01:09:24.719>period <01:09:25.719>it <01:09:25.839>looks <01:09:26.040>like <01:09:26.199>there 01:09:26.349 --> 01:09:26.359 align:start position:0% each time period it looks like there 01:09:26.359 --> 01:09:28.829 align:start position:0% each time period it looks like there could<01:09:26.520>be <01:09:26.719>the <01:09:27.080>2006 <01:09:27.640>time <01:09:27.839>period <01:09:28.159>is <01:09:28.359>missing 01:09:28.829 --> 01:09:28.839 align:start position:0% could be the 2006 time period is missing 01:09:28.839 --> 01:09:30.870 align:start position:0% could be the 2006 time period is missing from<01:09:29.080>what <01:09:29.279>was <01:09:29.560>uploaded <01:09:30.239>yeah <01:09:30.600>that's <01:09:30.759>what 01:09:30.870 --> 01:09:30.880 align:start position:0% from what was uploaded yeah that's what 01:09:30.880 --> 01:09:32.550 align:start position:0% from what was uploaded yeah that's what I<01:09:30.960>don't <01:09:31.120>see <01:09:31.400>I <01:09:31.440>don't <01:09:31.600>see <01:09:31.880>anything <01:09:32.279>other 01:09:32.550 --> 01:09:32.560 align:start position:0% I don't see I don't see anything other 01:09:32.560 --> 01:09:34.669 align:start position:0% I don't see I don't see anything other than<01:09:32.759>it <01:09:32.880>starts <01:09:33.199>at 01:09:34.669 --> 01:09:34.679 align:start position:0% than it starts at 01:09:34.679 --> 01:09:37.829 align:start position:0% than it starts at 2012<01:09:35.679>that's <01:09:35.880>what <01:09:36.000>was <01:09:36.199>confusing <01:09:36.640>to <01:09:36.839>me 01:09:37.829 --> 01:09:37.839 align:start position:0% 2012 that's what was confusing to me 01:09:37.839 --> 01:09:40.470 align:start position:0% 2012 that's what was confusing to me yeah<01:09:38.159>okay <01:09:39.000>we <01:09:39.120>think <01:09:39.279>we <01:09:39.440>have <01:09:40.120>we <01:09:40.239>have <01:09:40.359>all 01:09:40.470 --> 01:09:40.480 align:start position:0% yeah okay we think we have we have all 01:09:40.480 --> 01:09:42.910 align:start position:0% yeah okay we think we have we have all the<01:09:40.880>pages <01:09:41.880>you <01:09:42.120>you'll <01:09:42.319>confirm <01:09:42.679>that <01:09:42.799>you 01:09:42.910 --> 01:09:42.920 align:start position:0% the pages you you'll confirm that you 01:09:42.920 --> 01:09:45.390 align:start position:0% the pages you you'll confirm that you have<01:09:43.120>all <01:09:43.279>the <01:09:43.440>detail <01:09:43.839>that <01:09:44.000>goes <01:09:44.239>with 01:09:45.390 --> 01:09:45.400 align:start position:0% have all the detail that goes with 01:09:45.400 --> 01:09:48.189 align:start position:0% have all the detail that goes with that<01:09:46.400>and <01:09:46.520>then <01:09:46.640>the <01:09:46.759>other <01:09:47.000>question <01:09:47.400>just 01:09:48.189 --> 01:09:48.199 align:start position:0% that and then the other question just 01:09:48.199 --> 01:09:50.749 align:start position:0% that and then the other question just this<01:09:48.359>is <01:09:48.520>semantics <01:09:49.120>probably <01:09:49.400>at <01:09:49.520>the <01:09:49.759>end 01:09:50.749 --> 01:09:50.759 align:start position:0% this is semantics probably at the end 01:09:50.759 --> 01:09:52.910 align:start position:0% this is semantics probably at the end since<01:09:51.040>this <01:09:51.159>is <01:09:51.319>something <01:09:51.600>that <01:09:52.159>traces <01:09:52.679>back 01:09:52.910 --> 01:09:52.920 align:start position:0% since this is something that traces back 01:09:52.920 --> 01:09:54.430 align:start position:0% since this is something that traces back to 01:09:54.430 --> 01:09:54.440 align:start position:0% to 01:09:54.440 --> 01:09:57.430 align:start position:0% to 2006<01:09:55.440>it <01:09:55.600>looks <01:09:55.880>like <01:09:56.840>I <01:09:56.960>guess <01:09:57.080>there's <01:09:57.280>been 01:09:57.430 --> 01:09:57.440 align:start position:0% 2006 it looks like I guess there's been 01:09:57.440 --> 01:09:59.070 align:start position:0% 2006 it looks like I guess there's been royalty<01:09:57.960>or <01:09:58.080>I <01:09:58.159>guess <01:09:58.360>these <01:09:58.640>there's <01:09:58.840>been 01:09:59.070 --> 01:09:59.080 align:start position:0% royalty or I guess these there's been 01:09:59.080 --> 01:10:00.750 align:start position:0% royalty or I guess these there's been interest<01:09:59.400>paid <01:09:59.679>on <01:09:59.840>all <01:10:00.040>these <01:10:00.199>payments <01:10:00.560>over 01:10:00.750 --> 01:10:00.760 align:start position:0% interest paid on all these payments over 01:10:00.760 --> 01:10:01.990 align:start position:0% interest paid on all these payments over the<01:10:00.840>years <01:10:01.080>but <01:10:01.199>you're <01:10:01.280>not <01:10:01.480>requesting 01:10:01.990 --> 01:10:02.000 align:start position:0% the years but you're not requesting 01:10:02.000 --> 01:10:03.790 align:start position:0% the years but you're not requesting those<01:10:02.640>you <01:10:02.800>didn't <01:10:03.000>try <01:10:03.199>to <01:10:03.320>figure <01:10:03.520>out <01:10:03.679>what 01:10:03.790 --> 01:10:03.800 align:start position:0% those you didn't try to figure out what 01:10:03.800 --> 01:10:05.310 align:start position:0% those you didn't try to figure out what that<01:10:03.960>interest <01:10:04.280>might <01:10:04.440>have <01:10:04.560>been 01:10:05.310 --> 01:10:05.320 align:start position:0% that interest might have been 01:10:05.320 --> 01:10:08.030 align:start position:0% that interest might have been and<01:10:06.320>no <01:10:06.880>that <01:10:06.960>forward <01:10:07.280>to <01:10:07.480>pay <01:10:07.679>out <01:10:07.840>to 01:10:08.030 --> 01:10:08.040 align:start position:0% and no that forward to pay out to 01:10:08.040 --> 01:10:10.310 align:start position:0% and no that forward to pay out to whoever<01:10:08.480>the <01:10:08.600>new <01:10:08.719>owners <01:10:09.080>are <01:10:09.400>so <01:10:09.840>now <01:10:10.000>we <01:10:10.120>are 01:10:10.310 --> 01:10:10.320 align:start position:0% whoever the new owners are so now we are 01:10:10.320 --> 01:10:14.270 align:start position:0% whoever the new owners are so now we are strictly<01:10:11.000>requesting <01:10:12.000>that <01:10:12.360>the <01:10:13.360>the <01:10:13.600>royalty 01:10:14.270 --> 01:10:14.280 align:start position:0% strictly requesting that the the royalty 01:10:14.280 --> 01:10:17.110 align:start position:0% strictly requesting that the the royalty paid<01:10:14.600>into <01:10:14.960>the <01:10:15.199>account <01:10:15.800>be <01:10:16.080>paid <01:10:16.400>back 01:10:17.110 --> 01:10:17.120 align:start position:0% paid into the account be paid back 01:10:17.120 --> 01:10:19.630 align:start position:0% paid into the account be paid back out<01:10:18.120>so <01:10:18.280>any <01:10:18.600>interest <01:10:18.880>will <01:10:19.040>just <01:10:19.199>stay <01:10:19.440>with 01:10:19.630 --> 01:10:19.640 align:start position:0% out so any interest will just stay with 01:10:19.640 --> 01:10:21.470 align:start position:0% out so any interest will just stay with this<01:10:19.880>account <01:10:20.159>and <01:10:20.320>be <01:10:20.560>distributed <01:10:21.239>going 01:10:21.470 --> 01:10:21.480 align:start position:0% this account and be distributed going 01:10:21.480 --> 01:10:25.630 align:start position:0% this account and be distributed going forward<01:10:21.920>to <01:10:22.120>those <01:10:22.320>people <01:10:23.239>yes 01:10:25.630 --> 01:10:25.640 align:start position:0% forward to those people yes 01:10:25.640 --> 01:10:27.990 align:start position:0% forward to those people yes okay<01:10:26.560>and <01:10:26.679>if <01:10:26.800>I <01:10:27.159>understand <01:10:27.320>that <01:10:27.480>you <01:10:27.800>you 01:10:27.990 --> 01:10:28.000 align:start position:0% okay and if I understand that you you 01:10:28.000 --> 01:10:30.070 align:start position:0% okay and if I understand that you you have<01:10:28.400>owners <01:10:28.800>who <01:10:28.960>have <01:10:29.120>not <01:10:29.280>been <01:10:29.520>paid <01:10:29.800>on 01:10:30.070 --> 01:10:30.080 align:start position:0% have owners who have not been paid on 01:10:30.080 --> 01:10:32.430 align:start position:0% have owners who have not been paid on these<01:10:30.400>five <01:10:30.679>individual <01:10:31.199>Wells <01:10:31.920>since <01:10:32.199>going 01:10:32.430 --> 01:10:32.440 align:start position:0% these five individual Wells since going 01:10:32.440 --> 01:10:36.110 align:start position:0% these five individual Wells since going back<01:10:32.600>to <01:10:33.000>2006 <01:10:34.000>or <01:10:34.239>have <01:10:34.320>you <01:10:34.440>been <01:10:34.640>paying 01:10:36.110 --> 01:10:36.120 align:start position:0% back to 2006 or have you been paying 01:10:36.120 --> 01:10:38.990 align:start position:0% back to 2006 or have you been paying them<01:10:37.120>separately <01:10:38.040>all <01:10:38.280>this <01:10:38.480>time <01:10:38.719>and <01:10:38.880>that's 01:10:38.990 --> 01:10:39.000 align:start position:0% them separately all this time and that's 01:10:39.000 --> 01:10:42.590 align:start position:0% them separately all this time and that's how<01:10:39.120>you <01:10:39.239>caught <01:10:39.440>the <01:10:39.840>error <01:10:41.199>yes <01:10:42.199>okay <01:10:42.360>so 01:10:42.590 --> 01:10:42.600 align:start position:0% how you caught the error yes okay so 01:10:42.600 --> 01:10:44.350 align:start position:0% how you caught the error yes okay so there<01:10:42.760>there's <01:10:42.960>really <01:10:43.199>no <01:10:44.040>they're <01:10:44.199>not 01:10:44.350 --> 01:10:44.360 align:start position:0% there there's really no they're not 01:10:44.360 --> 01:10:45.910 align:start position:0% there there's really no they're not going<01:10:44.600>these <01:10:44.719>people <01:10:44.880>aren't <01:10:45.080>going <01:10:45.199>to <01:10:45.320>get <01:10:45.560>a 01:10:45.910 --> 01:10:45.920 align:start position:0% going these people aren't going to get a 01:10:45.920 --> 01:10:46.790 align:start position:0% going these people aren't going to get a a 01:10:46.790 --> 01:10:46.800 align:start position:0% a 01:10:46.800 --> 01:10:49.070 align:start position:0% a check<01:10:47.800>you've <01:10:47.960>already <01:10:48.159>been <01:10:48.600>you've <01:10:48.880>you've 01:10:49.070 --> 01:10:49.080 align:start position:0% check you've already been you've you've 01:10:49.080 --> 01:10:50.990 align:start position:0% check you've already been you've you've reconciled<01:10:49.719>those <01:10:49.880>people <01:10:50.159>already <01:10:50.800>the <01:10:50.920>way 01:10:50.990 --> 01:10:51.000 align:start position:0% reconciled those people already the way 01:10:51.000 --> 01:10:54.149 align:start position:0% reconciled those people already the way I<01:10:51.360>understand <01:10:51.840>it <01:10:52.840>they <01:10:53.159>they <01:10:53.400>would <01:10:53.760>yes <01:10:54.040>they 01:10:54.149 --> 01:10:54.159 align:start position:0% I understand it they they would yes they 01:10:54.159 --> 01:10:56.669 align:start position:0% I understand it they they would yes they will<01:10:54.440>receive <01:10:55.159>They <01:10:55.280>will <01:10:55.600>receive <01:10:56.360>their 01:10:56.669 --> 01:10:56.679 align:start position:0% will receive They will receive their 01:10:56.679 --> 01:10:58.709 align:start position:0% will receive They will receive their portion<01:10:57.280>each <01:10:57.719>proportionate <01:10:58.239>share <01:10:58.560>of 01:10:58.709 --> 01:10:58.719 align:start position:0% portion each proportionate share of 01:10:58.719 --> 01:11:01.149 align:start position:0% portion each proportionate share of these<01:10:58.920>funds <01:10:59.400>yes <01:11:00.199>okay <01:11:00.320>so <01:11:00.480>they <01:11:00.600>will <01:11:00.800>get 01:11:01.149 --> 01:11:01.159 align:start position:0% these funds yes okay so they will get 01:11:01.159 --> 01:11:04.149 align:start position:0% these funds yes okay so they will get from<01:11:01.360>this <01:11:01.600>reimbursement <01:11:02.440>okay <01:11:02.800>yes <01:11:03.080>yes 01:11:04.149 --> 01:11:04.159 align:start position:0% from this reimbursement okay yes yes 01:11:04.159 --> 01:11:06.950 align:start position:0% from this reimbursement okay yes yes okay<01:11:05.159>well <01:11:05.440>I'm <01:11:05.800>I'm <01:11:05.920>a <01:11:06.040>little <01:11:06.280>confused <01:11:06.760>then 01:11:06.950 --> 01:11:06.960 align:start position:0% okay well I'm I'm a little confused then 01:11:06.960 --> 01:11:09.350 align:start position:0% okay well I'm I'm a little confused then so<01:11:07.400>there <01:11:07.520>won't <01:11:07.760>be <01:11:08.040>people 01:11:09.350 --> 01:11:09.360 align:start position:0% so there won't be people 01:11:09.360 --> 01:11:11.590 align:start position:0% so there won't be people that<01:11:10.360>excuse <01:11:10.679>me <01:11:10.960>were <01:11:11.120>you <01:11:11.199>going <01:11:11.320>to <01:11:11.400>say 01:11:11.590 --> 01:11:11.600 align:start position:0% that excuse me were you going to say 01:11:11.600 --> 01:11:15.590 align:start position:0% that excuse me were you going to say something<01:11:12.159>else <01:11:13.159>yes <01:11:13.600>um <01:11:13.960>we <01:11:14.719>these <01:11:15.199>these 01:11:15.590 --> 01:11:15.600 align:start position:0% something else yes um we these these 01:11:15.600 --> 01:11:17.830 align:start position:0% something else yes um we these these Wells<01:11:16.600>were 01:11:17.830 --> 01:11:17.840 align:start position:0% Wells were 01:11:17.840 --> 01:11:20.510 align:start position:0% Wells were disconnected<01:11:18.840>so <01:11:19.080>to <01:11:19.280>speak <01:11:19.679>from <01:11:20.000>the <01:11:20.400>the 01:11:20.510 --> 01:11:20.520 align:start position:0% disconnected so to speak from the the 01:11:20.520 --> 01:11:22.750 align:start position:0% disconnected so to speak from the the division<01:11:20.920>of <01:11:21.120>interest <01:11:21.520>for <01:11:21.679>the <01:11:21.800>SE <01:11:22.159>Gob <01:11:22.480>unit 01:11:22.750 --> 01:11:22.760 align:start position:0% division of interest for the SE Gob unit 01:11:22.760 --> 01:11:24.310 align:start position:0% division of interest for the SE Gob unit back<01:11:22.920>in <01:11:23.120>May 01:11:24.310 --> 01:11:24.320 align:start position:0% back in May 01:11:24.320 --> 01:11:25.669 align:start position:0% back in May um<01:11:24.880>of 01:11:25.669 --> 01:11:25.679 align:start position:0% um of 01:11:25.679 --> 01:11:29.510 align:start position:0% um of 2023<01:11:26.679>and <01:11:26.840>set <01:11:27.159>up <01:11:27.320>to <01:11:27.560>pay <01:11:27.880>on <01:11:28.080>their <01:11:28.480>own 01:11:29.510 --> 01:11:29.520 align:start position:0% 2023 and set up to pay on their own 01:11:29.520 --> 01:11:33.189 align:start position:0% 2023 and set up to pay on their own individual<01:11:30.520>Frack 01:11:33.189 --> 01:11:33.199 align:start position:0% 01:11:33.199 --> 01:11:36.629 align:start position:0% dois<01:11:34.199>so <01:11:34.440>we <01:11:34.560>already <01:11:34.920>have <01:11:35.320>the 01:11:36.629 --> 01:11:36.639 align:start position:0% dois so we already have the 01:11:36.639 --> 01:11:40.390 align:start position:0% dois so we already have the ownership<01:11:37.639>and <01:11:37.880>allocations <01:11:38.639>in <01:11:39.080>place <01:11:40.080>to <01:11:40.239>be 01:11:40.390 --> 01:11:40.400 align:start position:0% ownership and allocations in place to be 01:11:40.400 --> 01:11:42.310 align:start position:0% ownership and allocations in place to be able<01:11:40.600>to <01:11:40.840>distribute <01:11:41.360>These <01:11:41.520>funds <01:11:42.000>once <01:11:42.239>they 01:11:42.310 --> 01:11:42.320 align:start position:0% able to distribute These funds once they 01:11:42.320 --> 01:11:45.070 align:start position:0% able to distribute These funds once they are 01:11:45.070 --> 01:11:45.080 align:start position:0% 01:11:45.080 --> 01:11:47.430 align:start position:0% returned<01:11:46.080>so <01:11:46.320>in <01:11:46.480>essence <01:11:46.840>you're <01:11:47.040>saying 01:11:47.430 --> 01:11:47.440 align:start position:0% returned so in essence you're saying 01:11:47.440 --> 01:11:51.149 align:start position:0% returned so in essence you're saying that<01:11:47.760>the <01:11:48.040>the <01:11:48.199>revenue <01:11:49.320>since <01:11:50.320>well <01:11:50.719>starting 01:11:51.149 --> 01:11:51.159 align:start position:0% that the the revenue since well starting 01:11:51.159 --> 01:11:54.709 align:start position:0% that the the revenue since well starting in<01:11:51.400>May <01:11:51.760>of <01:11:52.000>2023 <01:11:52.920>and <01:11:53.080>going <01:11:53.320>for <01:11:53.719>forward 01:11:54.709 --> 01:11:54.719 align:start position:0% in May of 2023 and going for forward 01:11:54.719 --> 01:11:56.669 align:start position:0% in May of 2023 and going for forward that<01:11:54.920>revenue <01:11:55.320>is <01:11:55.480>not <01:11:55.719>reported <01:11:56.320>here <01:11:56.520>but 01:11:56.669 --> 01:11:56.679 align:start position:0% that revenue is not reported here but 01:11:56.679 --> 01:11:59.870 align:start position:0% that revenue is not reported here but that<01:11:56.840>will <01:11:57.159>also <01:11:57.560>be <01:11:57.880>paid <01:11:58.719>to <01:11:58.920>the <01:11:59.080>owners <01:11:59.520>in 01:11:59.870 --> 01:11:59.880 align:start position:0% that will also be paid to the owners in 01:11:59.880 --> 01:12:04.149 align:start position:0% that will also be paid to the owners in c10<01:12:00.880>and <01:12:01.080>C11 <01:12:01.920>along <01:12:02.320>with <01:12:02.520>a <01:12:02.679>$ 01:12:04.149 --> 01:12:04.159 align:start position:0% c10 and C11 along with a $ 01:12:04.159 --> 01:12:10.070 align:start position:0% c10 and C11 along with a $ 32,40<01:12:05.159>73 <01:12:06.040>or <01:12:06.199>in <01:12:06.400>addition <01:12:06.800>to 01:12:10.070 --> 01:12:10.080 align:start position:0% 01:12:10.080 --> 01:12:13.830 align:start position:0% yes<01:12:11.080>I <01:12:11.239>I <01:12:11.360>guess <01:12:11.560>my <01:12:11.760>concern <01:12:12.199>is <01:12:12.480>and <01:12:12.760>and <01:12:13.679>I'm 01:12:13.830 --> 01:12:13.840 align:start position:0% yes I I guess my concern is and and I'm 01:12:13.840 --> 01:12:15.550 align:start position:0% yes I I guess my concern is and and I'm I'm<01:12:13.960>just <01:12:14.080>trying <01:12:14.320>to <01:12:14.800>wander <01:12:15.239>through <01:12:15.400>the 01:12:15.550 --> 01:12:15.560 align:start position:0% I'm just trying to wander through the 01:12:15.560 --> 01:12:17.510 align:start position:0% I'm just trying to wander through the numbers<01:12:15.920>we <01:12:16.080>haven't <01:12:16.440>incorrectly <01:12:17.159>paid 01:12:17.510 --> 01:12:17.520 align:start position:0% numbers we haven't incorrectly paid 01:12:17.520 --> 01:12:20.870 align:start position:0% numbers we haven't incorrectly paid people<01:12:17.760>that <01:12:17.920>we're <01:12:18.199>asking <01:12:18.560>money <01:12:19.040>back <01:12:19.880>from 01:12:20.870 --> 01:12:20.880 align:start position:0% people that we're asking money back from 01:12:20.880 --> 01:12:22.550 align:start position:0% people that we're asking money back from I<01:12:21.040>haven't <01:12:21.280>said <01:12:21.600>that <01:12:21.760>correctly <01:12:22.280>but <01:12:22.440>you 01:12:22.550 --> 01:12:22.560 align:start position:0% I haven't said that correctly but you 01:12:22.560 --> 01:12:24.070 align:start position:0% I haven't said that correctly but you know<01:12:22.679>what <01:12:22.800>I'm <01:12:22.920>saying <01:12:23.120>in <01:12:23.239>other 01:12:24.070 --> 01:12:24.080 align:start position:0% know what I'm saying in other 01:12:24.080 --> 01:12:26.470 align:start position:0% know what I'm saying in other we<01:12:24.199>don't <01:12:24.360>have <01:12:24.719>$32,000 <01:12:25.719>worth <01:12:25.920>of <01:12:26.080>payments 01:12:26.470 --> 01:12:26.480 align:start position:0% we don't have $32,000 worth of payments 01:12:26.480 --> 01:12:28.189 align:start position:0% we don't have $32,000 worth of payments we've<01:12:26.679>given <01:12:26.920>to <01:12:27.120>people <01:12:27.400>that <01:12:27.600>should <01:12:27.880>not 01:12:28.189 --> 01:12:28.199 align:start position:0% we've given to people that should not 01:12:28.199 --> 01:12:31.470 align:start position:0% we've given to people that should not have<01:12:28.719>received <01:12:29.159>that 01:12:31.470 --> 01:12:31.480 align:start position:0% have received that 01:12:31.480 --> 01:12:35.390 align:start position:0% have received that 32,000<01:12:32.480>we <01:12:32.679>do <01:12:33.639>we <01:12:33.800>do <01:12:34.280>yes <01:12:34.600>and <01:12:34.840>those <01:12:35.080>funds 01:12:35.390 --> 01:12:35.400 align:start position:0% 32,000 we do we do yes and those funds 01:12:35.400 --> 01:12:37.590 align:start position:0% 32,000 we do we do yes and those funds are<01:12:35.560>being <01:12:35.800>recouped 01:12:37.590 --> 01:12:37.600 align:start position:0% are being recouped 01:12:37.600 --> 01:12:44.030 align:start position:0% are being recouped internally<01:12:38.600>from <01:12:38.880>the <01:12:39.040>sealed <01:12:39.480>Gob <01:12:39.760>unit 01:12:44.030 --> 01:12:44.040 align:start position:0% 01:12:44.040 --> 01:12:46.590 align:start position:0% owners 01:12:46.590 --> 01:12:46.600 align:start position:0% owners 01:12:46.600 --> 01:12:49.390 align:start position:0% owners um<01:12:47.600>uh <01:12:48.120>I'm <01:12:48.239>still <01:12:48.440>a <01:12:48.520>little <01:12:48.719>confused <01:12:49.120>so <01:12:49.280>if 01:12:49.390 --> 01:12:49.400 align:start position:0% um uh I'm still a little confused so if 01:12:49.400 --> 01:12:54.790 align:start position:0% um uh I'm still a little confused so if I<01:12:50.080>receed <01:12:51.080>if <01:12:51.199>I <01:12:51.400>received <01:12:51.719>$10,000 <01:12:52.719>since <01:12:53.000>20 01:12:54.790 --> 01:12:54.800 align:start position:0% I receed if I received $10,000 since 20 01:12:54.800 --> 01:12:57.070 align:start position:0% I receed if I received $10,000 since 20 six<01:12:55.360>then <01:12:55.560>you're <01:12:56.000>asking <01:12:56.239>me <01:12:56.360>to <01:12:56.679>return <01:12:56.920>that 01:12:57.070 --> 01:12:57.080 align:start position:0% six then you're asking me to return that 01:12:57.080 --> 01:13:00.870 align:start position:0% six then you're asking me to return that $10,000<01:12:58.080>is <01:12:58.239>that 01:13:00.870 --> 01:13:00.880 align:start position:0% 01:13:00.880 --> 01:13:06.110 align:start position:0% right<01:13:02.159>no <01:13:03.239>um <01:13:04.239>no <01:13:05.080>you'll <01:13:05.320>Rec <01:13:05.719>it <01:13:05.880>going 01:13:06.110 --> 01:13:06.120 align:start position:0% right no um no you'll Rec it going 01:13:06.120 --> 01:13:07.870 align:start position:0% right no um no you'll Rec it going forward<01:13:06.440>on <01:13:06.639>future <01:13:07.000>payments <01:13:07.400>is <01:13:07.560>that <01:13:07.800>the 01:13:07.870 --> 01:13:07.880 align:start position:0% forward on future payments is that the 01:13:07.880 --> 01:13:11.550 align:start position:0% forward on future payments is that the way<01:13:08.560>works <01:13:09.159>okay <01:13:09.679>okay <01:13:10.199>okay 01:13:11.550 --> 01:13:11.560 align:start position:0% way works okay okay okay 01:13:11.560 --> 01:13:16.070 align:start position:0% way works okay okay okay okay<01:13:13.040>okay <01:13:14.040>I <01:13:14.400>I <01:13:14.520>have <01:13:14.639>it <01:13:14.880>down <01:13:15.639>that <01:13:15.760>is 01:13:16.070 --> 01:13:16.080 align:start position:0% okay okay I I have it down that is 01:13:16.080 --> 01:13:18.030 align:start position:0% okay okay I I have it down that is correct 01:13:18.030 --> 01:13:18.040 align:start position:0% correct 01:13:18.040 --> 01:13:20.110 align:start position:0% correct yep<01:13:19.040>okay <01:13:19.280>thank <01:13:19.440>you <01:13:19.639>yeah <01:13:19.800>I <01:13:19.880>was <01:13:20.000>just 01:13:20.110 --> 01:13:20.120 align:start position:0% yep okay thank you yeah I was just 01:13:20.120 --> 01:13:28.270 align:start position:0% yep okay thank you yeah I was just wondering<01:13:20.440>how <01:13:20.639>that <01:13:21.159>is <01:13:21.719>done <01:13:22.719>yes 01:13:28.270 --> 01:13:28.280 align:start position:0% 01:13:28.280 --> 01:13:32.430 align:start position:0% uh<01:13:28.639>any <01:13:29.639>other <01:13:30.120>questions <01:13:30.560>or <01:13:31.280>discussions <01:13:32.199>Mr 01:13:32.430 --> 01:13:32.440 align:start position:0% uh any other questions or discussions Mr 01:13:32.440 --> 01:13:35.310 align:start position:0% uh any other questions or discussions Mr Schwarz<01:13:32.880>anything <01:13:33.239>else <01:13:33.880>or <01:13:34.239>Miss 01:13:35.310 --> 01:13:35.320 align:start position:0% Schwarz anything else or Miss 01:13:35.320 --> 01:13:38.790 align:start position:0% Schwarz anything else or Miss Barry<01:13:36.320>uh <01:13:36.520>just <01:13:36.760>just <01:13:36.880>to <01:13:37.080>sort <01:13:37.280>of <01:13:38.000>summarize 01:13:38.790 --> 01:13:38.800 align:start position:0% Barry uh just just to sort of summarize 01:13:38.800 --> 01:13:41.629 align:start position:0% Barry uh just just to sort of summarize that<01:13:39.239>that <01:13:39.800>because <01:13:40.400>the <01:13:40.760>the <01:13:40.880>sealed <01:13:41.320>Gob 01:13:41.629 --> 01:13:41.639 align:start position:0% that that because the the sealed Gob 01:13:41.639 --> 01:13:43.950 align:start position:0% that that because the the sealed Gob unit<01:13:42.040>continues <01:13:42.600>to <01:13:42.880>produce <01:13:43.440>we <01:13:43.600>have <01:13:43.719>an 01:13:43.950 --> 01:13:43.960 align:start position:0% unit continues to produce we have an 01:13:43.960 --> 01:13:46.510 align:start position:0% unit continues to produce we have an opportunity<01:13:44.520>to <01:13:44.719>recoup <01:13:45.480>those <01:13:45.679>funds <01:13:46.080>over 01:13:46.510 --> 01:13:46.520 align:start position:0% opportunity to recoup those funds over 01:13:46.520 --> 01:13:49.430 align:start position:0% opportunity to recoup those funds over you<01:13:46.600>know <01:13:46.760>future <01:13:47.159>payments <01:13:47.760>Mr <01:13:48.040>chairman <01:13:49.040>uh 01:13:49.430 --> 01:13:49.440 align:start position:0% you know future payments Mr chairman uh 01:13:49.440 --> 01:13:51.229 align:start position:0% you know future payments Mr chairman uh sometimes<01:13:49.679>it <01:13:49.920>happens <01:13:50.400>that <01:13:50.639>the <01:13:50.880>you <01:13:51.000>know 01:13:51.229 --> 01:13:51.239 align:start position:0% sometimes it happens that the you know 01:13:51.239 --> 01:13:53.709 align:start position:0% sometimes it happens that the you know that<01:13:51.400>the <01:13:51.560>unit <01:13:52.280>where <01:13:52.480>the <01:13:52.679>mistake <01:13:53.159>was <01:13:53.360>was 01:13:53.709 --> 01:13:53.719 align:start position:0% that the unit where the mistake was was 01:13:53.719 --> 01:13:57.189 align:start position:0% that the unit where the mistake was was made<01:13:54.719>um <01:13:55.400>is <01:13:55.600>not <01:13:56.040>continuing <01:13:56.560>to <01:13:56.760>produce <01:13:57.040>or 01:13:57.189 --> 01:13:57.199 align:start position:0% made um is not continuing to produce or 01:13:57.199 --> 01:13:59.030 align:start position:0% made um is not continuing to produce or doesn't<01:13:57.600>produce <01:13:58.080>sufficient <01:13:58.560>funds <01:13:58.880>to 01:13:59.030 --> 01:13:59.040 align:start position:0% doesn't produce sufficient funds to 01:13:59.040 --> 01:14:00.790 align:start position:0% doesn't produce sufficient funds to enable<01:13:59.400>us <01:13:59.520>to <01:13:59.679>do <01:13:59.920>that <01:14:00.159>and <01:14:00.320>and <01:14:00.440>in <01:14:00.600>those 01:14:00.790 --> 01:14:00.800 align:start position:0% enable us to do that and and in those 01:14:00.800 --> 01:14:02.390 align:start position:0% enable us to do that and and in those instances<01:14:01.360>which <01:14:01.520>have <01:14:01.679>occurred <01:14:02.040>in <01:14:02.159>the 01:14:02.390 --> 01:14:02.400 align:start position:0% instances which have occurred in the 01:14:02.400 --> 01:14:05.590 align:start position:0% instances which have occurred in the past<01:14:02.760>you <01:14:03.000>know <01:14:04.000>uh <01:14:04.360>the <01:14:04.560>operator <01:14:05.080>just <01:14:05.280>winds 01:14:05.590 --> 01:14:05.600 align:start position:0% past you know uh the operator just winds 01:14:05.600 --> 01:14:08.510 align:start position:0% past you know uh the operator just winds up<01:14:05.880>not <01:14:06.080>recovering <01:14:06.600>those <01:14:06.800>funds <01:14:07.400>you <01:14:07.520>know 01:14:08.510 --> 01:14:08.520 align:start position:0% up not recovering those funds you know 01:14:08.520 --> 01:14:11.709 align:start position:0% up not recovering those funds you know you<01:14:08.600>don't <01:14:08.800>sue <01:14:09.199>people <01:14:09.520>for <01:14:09.800>that <01:14:10.159>you 01:14:11.709 --> 01:14:11.719 align:start position:0% you don't sue people for that you 01:14:11.719 --> 01:14:14.070 align:start position:0% you don't sue people for that you know<01:14:12.719>yeah <01:14:13.040>that <01:14:13.280>that <01:14:13.440>that <01:14:13.560>was <01:14:13.679>why <01:14:13.840>I <01:14:13.920>had 01:14:14.070 --> 01:14:14.080 align:start position:0% know yeah that that that was why I had 01:14:14.080 --> 01:14:16.110 align:start position:0% know yeah that that that was why I had the<01:14:14.280>question <01:14:14.800>that <01:14:15.159>but <01:14:15.280>I <01:14:15.639>understand <01:14:15.880>now 01:14:16.110 --> 01:14:16.120 align:start position:0% the question that but I understand now 01:14:16.120 --> 01:14:19.110 align:start position:0% the question that but I understand now since<01:14:16.320>it's <01:14:16.520>still <01:14:16.800>producing <01:14:17.400>then <01:14:18.400>uh <01:14:18.800>going 01:14:19.110 --> 01:14:19.120 align:start position:0% since it's still producing then uh going 01:14:19.120 --> 01:14:22.750 align:start position:0% since it's still producing then uh going forward<01:14:19.600>you <01:14:20.239>can <01:14:21.239>uh <01:14:21.440>make <01:14:21.760>those 01:14:22.750 --> 01:14:22.760 align:start position:0% forward you can uh make those 01:14:22.760 --> 01:14:26.110 align:start position:0% forward you can uh make those adjustments<01:14:23.520>or <01:14:23.719>whatever <01:14:24.239>yeah <01:14:25.120>correct 01:14:26.110 --> 01:14:26.120 align:start position:0% adjustments or whatever yeah correct 01:14:26.120 --> 01:14:28.750 align:start position:0% adjustments or whatever yeah correct okay<01:14:26.960>uh <01:14:27.159>any <01:14:27.800>questions <01:14:28.199>or <01:14:28.400>further 01:14:28.750 --> 01:14:28.760 align:start position:0% okay uh any questions or further 01:14:28.760 --> 01:14:32.750 align:start position:0% okay uh any questions or further questions<01:14:29.199>from <01:14:29.560>the <01:14:29.920>board <01:14:30.920>just <01:14:31.360>one <01:14:32.360>I <01:14:32.440>mean 01:14:32.750 --> 01:14:32.760 align:start position:0% questions from the board just one I mean 01:14:32.760 --> 01:14:35.709 align:start position:0% questions from the board just one I mean we<01:14:32.920>have <01:14:33.159>over <01:14:33.400>the <01:14:33.600>years <01:14:33.960>we <01:14:34.120>have <01:14:34.440>seen 01:14:35.709 --> 01:14:35.719 align:start position:0% we have over the years we have seen 01:14:35.719 --> 01:14:38.510 align:start position:0% we have over the years we have seen these<01:14:36.719>not 01:14:38.510 --> 01:14:38.520 align:start position:0% these not 01:14:38.520 --> 01:14:43.390 align:start position:0% these not intentional<01:14:39.520>little <01:14:40.800>hiccups <01:14:41.800>um <01:14:42.320>and <01:14:43.120>we 01:14:43.390 --> 01:14:43.400 align:start position:0% intentional little hiccups um and we 01:14:43.400 --> 01:14:46.709 align:start position:0% intentional little hiccups um and we have<01:14:43.920>never <01:14:44.920>gone <01:14:45.280>back 01:14:46.709 --> 01:14:46.719 align:start position:0% have never gone back 01:14:46.719 --> 01:14:49.950 align:start position:0% have never gone back to<01:14:47.719>those <01:14:48.080>people <01:14:48.440>that <01:14:48.560>were <01:14:48.800>paid <01:14:49.760>and 01:14:49.950 --> 01:14:49.960 align:start position:0% to those people that were paid and 01:14:49.960 --> 01:14:51.310 align:start position:0% to those people that were paid and shouldn't<01:14:50.360>have 01:14:51.310 --> 01:14:51.320 align:start position:0% shouldn't have 01:14:51.320 --> 01:14:54.590 align:start position:0% shouldn't have been<01:14:52.320>as <01:14:52.480>long <01:14:52.760>as <01:14:53.040>the 01:14:54.590 --> 01:14:54.600 align:start position:0% been as long as the 01:14:54.600 --> 01:14:58.070 align:start position:0% been as long as the well<01:14:55.600>still <01:14:55.920>producing <01:14:56.480>is <01:14:56.600>that 01:14:58.070 --> 01:14:58.080 align:start position:0% well still producing is that 01:14:58.080 --> 01:15:01.390 align:start position:0% well still producing is that correct<01:14:59.080>that's <01:14:59.440>my 01:15:01.390 --> 01:15:01.400 align:start position:0% correct that's my 01:15:01.400 --> 01:15:05.590 align:start position:0% correct that's my belief<01:15:02.400>as <01:15:02.520>far <01:15:02.679>as <01:15:02.840>I'm <01:15:03.000>aware <01:15:03.920>yes 01:15:05.590 --> 01:15:05.600 align:start position:0% belief as far as I'm aware yes 01:15:05.600 --> 01:15:07.870 align:start position:0% belief as far as I'm aware yes okay<01:15:06.600>yeah <01:15:06.760>I <01:15:06.840>can't <01:15:07.080>remember <01:15:07.360>a <01:15:07.520>case <01:15:07.719>where 01:15:07.870 --> 01:15:07.880 align:start position:0% okay yeah I can't remember a case where 01:15:07.880 --> 01:15:09.430 align:start position:0% okay yeah I can't remember a case where we've<01:15:08.080>gone <01:15:08.280>back <01:15:08.440>and <01:15:08.560>said <01:15:08.840>hey <01:15:08.960>you <01:15:09.080>need <01:15:09.280>to 01:15:09.430 --> 01:15:09.440 align:start position:0% we've gone back and said hey you need to 01:15:09.440 --> 01:15:11.870 align:start position:0% we've gone back and said hey you need to pay<01:15:09.600>us <01:15:09.760>$10,000 <01:15:10.719>back <01:15:10.960>but <01:15:11.120>that's <01:15:11.560>that <01:15:11.719>was 01:15:11.870 --> 01:15:11.880 align:start position:0% pay us $10,000 back but that's that was 01:15:11.880 --> 01:15:15.350 align:start position:0% pay us $10,000 back but that's that was my<01:15:12.080>question <01:15:12.639>if <01:15:13.120>I <01:15:13.239>mean <01:15:13.600>I <01:15:13.840>I <01:15:13.920>mean <01:15:14.239>I <01:15:14.719>I <01:15:15.000>can 01:15:15.350 --> 01:15:15.360 align:start position:0% my question if I mean I I mean I I can 01:15:15.360 --> 01:15:17.750 align:start position:0% my question if I mean I I mean I I can remember<01:15:15.880>because <01:15:16.199>we <01:15:16.360>had <01:15:16.600>had <01:15:16.760>some <01:15:16.960>follows 01:15:17.750 --> 01:15:17.760 align:start position:0% remember because we had had some follows 01:15:17.760 --> 01:15:21.070 align:start position:0% remember because we had had some follows over<01:15:18.639>many <01:15:19.040>years <01:15:19.520>that <01:15:19.960>not 01:15:21.070 --> 01:15:21.080 align:start position:0% over many years that not 01:15:21.080 --> 01:15:24.350 align:start position:0% over many years that not often<01:15:22.199>but 01:15:24.350 --> 01:15:24.360 align:start position:0% often but 01:15:24.360 --> 01:15:27.830 align:start position:0% often but never<01:15:25.040>and <01:15:25.560>that <01:15:25.760>I <01:15:25.880>can <01:15:26.280>In <01:15:26.480>My <01:15:26.760>Memory <01:15:27.639>have 01:15:27.830 --> 01:15:27.840 align:start position:0% never and that I can In My Memory have 01:15:27.840 --> 01:15:32.550 align:start position:0% never and that I can In My Memory have we<01:15:28.400>ever <01:15:29.400>um <01:15:29.960>not <01:15:30.239>made <01:15:30.520>that <01:15:30.840>right <01:15:31.840>yeah <01:15:32.199>for 01:15:32.550 --> 01:15:32.560 align:start position:0% we ever um not made that right yeah for 01:15:32.560 --> 01:15:35.470 align:start position:0% we ever um not made that right yeah for those<01:15:32.920>for <01:15:33.159>those <01:15:33.400>folks <01:15:34.199>because <01:15:35.199>I <01:15:35.280>mean 01:15:35.470 --> 01:15:35.480 align:start position:0% those for those folks because I mean 01:15:35.480 --> 01:15:36.709 align:start position:0% those for those folks because I mean people<01:15:35.760>get 01:15:36.709 --> 01:15:36.719 align:start position:0% people get 01:15:36.719 --> 01:15:40.910 align:start position:0% people get $10,000<01:15:37.719>I <01:15:38.080>mean <01:15:39.080>they <01:15:39.920>you <01:15:40.320>and <01:15:40.560>over <01:15:40.760>a 01:15:40.910 --> 01:15:40.920 align:start position:0% $10,000 I mean they you and over a 01:15:40.920 --> 01:15:43.030 align:start position:0% $10,000 I mean they you and over a period<01:15:41.199>of <01:15:41.360>time <01:15:41.520>and <01:15:41.639>this <01:15:41.840>goes <01:15:42.120>back 01:15:43.030 --> 01:15:43.040 align:start position:0% period of time and this goes back 01:15:43.040 --> 01:15:48.350 align:start position:0% period of time and this goes back to<01:15:44.040>yeah <01:15:44.920>2012 <01:15:45.920>is <01:15:46.040>that <01:15:46.280>right <01:15:47.080>well <01:15:47.600>2006 <01:15:48.239>it 01:15:48.350 --> 01:15:48.360 align:start position:0% to yeah 2012 is that right well 2006 it 01:15:48.360 --> 01:15:51.189 align:start position:0% to yeah 2012 is that right well 2006 it looks<01:15:48.600>like <01:15:48.840>yeah <01:15:49.239>2006 <01:15:50.120>right <01:15:50.360>yeah <01:15:51.000>yeah 01:15:51.189 --> 01:15:51.199 align:start position:0% looks like yeah 2006 right yeah yeah 01:15:51.199 --> 01:15:52.669 align:start position:0% looks like yeah 2006 right yeah yeah that's<01:15:51.400>what <01:15:51.600>that's <01:15:51.760>why <01:15:51.880>I <01:15:51.960>had <01:15:52.040>a <01:15:52.199>question 01:15:52.669 --> 01:15:52.679 align:start position:0% that's what that's why I had a question 01:15:52.679 --> 01:15:54.910 align:start position:0% that's what that's why I had a question again<01:15:53.199>you 01:15:54.910 --> 01:15:54.920 align:start position:0% again you 01:15:54.920 --> 01:15:57.750 align:start position:0% again you know<01:15:55.920>well <01:15:56.239>the <01:15:56.639>one <01:15:56.840>thing <01:15:57.000>to <01:15:57.159>bear <01:15:57.360>in <01:15:57.480>mind 01:15:57.750 --> 01:15:57.760 align:start position:0% know well the one thing to bear in mind 01:15:57.760 --> 01:15:59.750 align:start position:0% know well the one thing to bear in mind too<01:15:58.080>that <01:15:58.360>you <01:15:58.440>know <01:15:58.639>we <01:15:58.760>have <01:15:58.920>a <01:15:59.040>sealed <01:15:59.440>Gove 01:15:59.750 --> 01:15:59.760 align:start position:0% too that you know we have a sealed Gove 01:15:59.760 --> 01:16:03.350 align:start position:0% too that you know we have a sealed Gove unit<01:16:00.080>here <01:16:00.360>which <01:16:00.480>is <01:16:00.600>a <01:16:00.840>huge <01:16:01.320>unit <01:16:02.320>and <01:16:02.480>this 01:16:03.350 --> 01:16:03.360 align:start position:0% unit here which is a huge unit and this 01:16:03.360 --> 01:16:07.790 align:start position:0% unit here which is a huge unit and this $32,000<01:16:04.360>is <01:16:04.520>going <01:16:04.679>to <01:16:04.920>have <01:16:05.120>a <01:16:05.920>a <01:16:06.800>very <01:16:07.239>small 01:16:07.790 --> 01:16:07.800 align:start position:0% $32,000 is going to have a a very small 01:16:07.800 --> 01:16:10.390 align:start position:0% $32,000 is going to have a a very small effect<01:16:08.239>on <01:16:08.440>the <01:16:08.840>overall <01:16:09.600>history <01:16:09.960>of <01:16:10.159>that 01:16:10.390 --> 01:16:10.400 align:start position:0% effect on the overall history of that 01:16:10.400 --> 01:16:12.750 align:start position:0% effect on the overall history of that unit<01:16:11.120>okay <01:16:11.320>this <01:16:11.440>isn't <01:16:11.880>like <01:16:12.080>we <01:16:12.199>had <01:16:12.440>one 01:16:12.750 --> 01:16:12.760 align:start position:0% unit okay this isn't like we had one 01:16:12.760 --> 01:16:14.510 align:start position:0% unit okay this isn't like we had one well<01:16:13.239>and <01:16:13.400>we've <01:16:13.560>got <01:16:13.719>a 01:16:14.510 --> 01:16:14.520 align:start position:0% well and we've got a 01:16:14.520 --> 01:16:16.510 align:start position:0% well and we've got a $32,000<01:16:15.520>difference <01:16:15.960>we've <01:16:16.120>got <01:16:16.280>you <01:16:16.400>know 01:16:16.510 --> 01:16:16.520 align:start position:0% $32,000 difference we've got you know 01:16:16.520 --> 01:16:19.430 align:start position:0% $32,000 difference we've got you know sealed<01:16:16.880>Gob <01:16:17.199>unit <01:16:18.199>uh <01:16:18.360>with <01:16:18.560>pretty 01:16:19.430 --> 01:16:19.440 align:start position:0% sealed Gob unit uh with pretty 01:16:19.440 --> 01:16:22.830 align:start position:0% sealed Gob unit uh with pretty significant<01:16:20.600>uh <01:16:21.600>uh <01:16:21.880>production <01:16:22.239>of <01:16:22.440>revenues 01:16:22.830 --> 01:16:22.840 align:start position:0% significant uh uh production of revenues 01:16:22.840 --> 01:16:27.189 align:start position:0% significant uh uh production of revenues over<01:16:23.480>over <01:16:23.719>the <01:16:24.000>years <01:16:24.360>so <01:16:24.920>that <01:16:25.920>the <01:16:26.600>the <01:16:27.080>the 01:16:27.189 --> 01:16:27.199 align:start position:0% over over the years so that the the the 01:16:27.199 --> 01:16:29.470 align:start position:0% over over the years so that the the the order<01:16:27.520>of <01:16:27.719>magnitude <01:16:28.199>is <01:16:28.360>not <01:16:28.639>enormous <01:16:29.400>I 01:16:29.470 --> 01:16:29.480 align:start position:0% order of magnitude is not enormous I 01:16:29.480 --> 01:16:31.590 align:start position:0% order of magnitude is not enormous I mean<01:16:29.600>it's <01:16:29.960>$32,000 <01:16:30.960>I <01:16:31.040>mean <01:16:31.199>that's <01:16:31.320>a <01:16:31.400>lot <01:16:31.520>of 01:16:31.590 --> 01:16:31.600 align:start position:0% mean it's $32,000 I mean that's a lot of 01:16:31.600 --> 01:16:35.709 align:start position:0% mean it's $32,000 I mean that's a lot of money<01:16:31.920>but <01:16:32.159>in <01:16:32.360>in <01:16:32.480>the <01:16:32.760>context <01:16:33.360>it's <01:16:33.600>not <01:16:34.719>uh 01:16:35.709 --> 01:16:35.719 align:start position:0% money but in in the context it's not uh 01:16:35.719 --> 01:16:37.750 align:start position:0% money but in in the context it's not uh uh<01:16:36.280>it's <01:16:36.440>not <01:16:36.600>going <01:16:36.679>to <01:16:36.800>have <01:16:36.920>a <01:16:37.120>huge <01:16:37.520>effect 01:16:37.750 --> 01:16:37.760 align:start position:0% uh it's not going to have a huge effect 01:16:37.760 --> 01:16:39.629 align:start position:0% uh it's not going to have a huge effect on<01:16:37.960>any 01:16:39.629 --> 01:16:39.639 align:start position:0% on any 01:16:39.639 --> 01:16:41.790 align:start position:0% on any individual<01:16:40.639>and <01:16:40.800>and <01:16:40.960>I <01:16:41.080>think <01:16:41.360>that's <01:16:41.600>the 01:16:41.790 --> 01:16:41.800 align:start position:0% individual and and I think that's the 01:16:41.800 --> 01:16:44.390 align:start position:0% individual and and I think that's the message<01:16:42.320>that <01:16:43.000>we 01:16:44.390 --> 01:16:44.400 align:start position:0% message that we 01:16:44.400 --> 01:16:48.470 align:start position:0% message that we want<01:16:45.400>the <01:16:45.600>public <01:16:45.880>to <01:16:46.320>know <01:16:47.320>right <01:16:47.639>yes <01:16:48.159>given 01:16:48.470 --> 01:16:48.480 align:start position:0% want the public to know right yes given 01:16:48.480 --> 01:16:51.229 align:start position:0% want the public to know right yes given given<01:16:48.719>the <01:16:48.920>size <01:16:49.199>of <01:16:49.440>this <01:16:49.679>unit <01:16:50.199>as <01:16:50.440>a <01:16:50.800>a <01:16:51.000>well 01:16:51.229 --> 01:16:51.239 align:start position:0% given the size of this unit as a a well 01:16:51.239 --> 01:16:55.350 align:start position:0% given the size of this unit as a a well over<01:16:51.560>3,000 <01:16:52.480>acre <01:16:52.800>unit <01:16:53.080>unit <01:16:54.040>and <01:16:54.239>this <01:16:54.639>still 01:16:55.350 --> 01:16:55.360 align:start position:0% over 3,000 acre unit unit and this still 01:16:55.360 --> 01:16:57.910 align:start position:0% over 3,000 acre unit unit and this still still<01:16:55.639>leaves <01:16:56.040>well <01:16:56.239>over <01:16:56.639>$400,000 <01:16:57.639>in <01:16:57.800>the 01:16:57.910 --> 01:16:57.920 align:start position:0% still leaves well over $400,000 in the 01:16:57.920 --> 01:17:00.790 align:start position:0% still leaves well over $400,000 in the escro<01:16:58.400>account <01:16:58.719>as <01:16:58.840>well <01:16:59.040>to <01:16:59.159>be <01:16:59.360>paid 01:17:00.790 --> 01:17:00.800 align:start position:0% escro account as well to be paid 01:17:00.800 --> 01:17:04.590 align:start position:0% escro account as well to be paid out<01:17:01.800>that's <01:17:02.120>why <01:17:02.639>you <01:17:02.760>know <01:17:03.280>just <01:17:04.280>we <01:17:04.400>just 01:17:04.590 --> 01:17:04.600 align:start position:0% out that's why you know just we just 01:17:04.600 --> 01:17:07.430 align:start position:0% out that's why you know just we just want<01:17:04.840>this <01:17:05.000>on <01:17:05.199>the <01:17:05.400>record <01:17:06.080>that <01:17:07.080>not <01:17:07.239>gonna 01:17:07.430 --> 01:17:07.440 align:start position:0% want this on the record that not gonna 01:17:07.440 --> 01:17:09.189 align:start position:0% want this on the record that not gonna be<01:17:07.800>penalized <01:17:08.440>because <01:17:08.639>that's <01:17:08.760>the <01:17:08.880>first 01:17:09.189 --> 01:17:09.199 align:start position:0% be penalized because that's the first 01:17:09.199 --> 01:17:11.830 align:start position:0% be penalized because that's the first thing<01:17:09.480>the <01:17:09.679>public <01:17:10.080>going <01:17:10.400>jump <01:17:10.639>on <01:17:11.120>is <01:17:11.320>oh 01:17:11.830 --> 01:17:11.840 align:start position:0% thing the public going jump on is oh 01:17:11.840 --> 01:17:13.790 align:start position:0% thing the public going jump on is oh these<01:17:12.040>people <01:17:12.400>they <01:17:12.639>made <01:17:12.800>a <01:17:12.960>mistake <01:17:13.400>and <01:17:13.600>now 01:17:13.790 --> 01:17:13.800 align:start position:0% these people they made a mistake and now 01:17:13.800 --> 01:17:16.310 align:start position:0% these people they made a mistake and now they're<01:17:14.360>foreclosing <01:17:15.080>on <01:17:15.400>their <01:17:15.679>property <01:17:16.080>or 01:17:16.310 --> 01:17:16.320 align:start position:0% they're foreclosing on their property or 01:17:16.320 --> 01:17:18.830 align:start position:0% they're foreclosing on their property or whatever<01:17:16.719>you <01:17:16.880>know <01:17:17.800>that's <01:17:18.000>not <01:17:18.159>gonna 01:17:18.830 --> 01:17:18.840 align:start position:0% whatever you know that's not gonna 01:17:18.840 --> 01:17:21.990 align:start position:0% whatever you know that's not gonna happen<01:17:19.840>trth <01:17:20.199>to <01:17:20.320>it <01:17:20.520>but <01:17:20.600>you <01:17:20.719>don't <01:17:21.000>have 01:17:21.990 --> 01:17:22.000 align:start position:0% happen trth to it but you don't have 01:17:22.000 --> 01:17:23.669 align:start position:0% happen trth to it but you don't have people<01:17:22.320>love <01:17:22.600>to 01:17:23.669 --> 01:17:23.679 align:start position:0% people love to 01:17:23.679 --> 01:17:24.830 align:start position:0% people love to bad 01:17:24.830 --> 01:17:24.840 align:start position:0% bad 01:17:24.840 --> 01:17:28.950 align:start position:0% bad mouth<01:17:25.840>the <01:17:26.320>indry <01:17:27.320>we 01:17:28.950 --> 01:17:28.960 align:start position:0% mouth the indry we 01:17:28.960 --> 01:17:31.030 align:start position:0% mouth the indry we do 01:17:31.030 --> 01:17:31.040 align:start position:0% do 01:17:31.040 --> 01:17:32.750 align:start position:0% do unfortunately<01:17:32.040>okay <01:17:32.239>well <01:17:32.360>that <01:17:32.440>was <01:17:32.560>one <01:17:32.679>of 01:17:32.750 --> 01:17:32.760 align:start position:0% unfortunately okay well that was one of 01:17:32.760 --> 01:17:34.149 align:start position:0% unfortunately okay well that was one of the<01:17:32.880>reason <01:17:33.120>I <01:17:33.239>asked <01:17:33.400>a <01:17:33.520>question <01:17:33.840>I <01:17:33.960>thought 01:17:34.149 --> 01:17:34.159 align:start position:0% the reason I asked a question I thought 01:17:34.159 --> 01:17:35.910 align:start position:0% the reason I asked a question I thought going<01:17:34.400>forward <01:17:34.960>what's <01:17:35.520>what's <01:17:35.679>going <01:17:35.800>to 01:17:35.910 --> 01:17:35.920 align:start position:0% going forward what's what's going to 01:17:35.920 --> 01:17:36.910 align:start position:0% going forward what's what's going to happen<01:17:36.159>if 01:17:36.910 --> 01:17:36.920 align:start position:0% happen if 01:17:36.920 --> 01:17:39.510 align:start position:0% happen if somebody<01:17:37.920>were <01:17:38.159>to <01:17:38.280>be <01:17:38.440>overpaid <01:17:39.280>that <01:17:39.400>you 01:17:39.510 --> 01:17:39.520 align:start position:0% somebody were to be overpaid that you 01:17:39.520 --> 01:17:42.629 align:start position:0% somebody were to be overpaid that you know<01:17:40.320>how <01:17:40.560>that <01:17:40.920>how <01:17:41.080>that <01:17:41.239>works <01:17:41.480>out <01:17:42.239>yes 01:17:42.629 --> 01:17:42.639 align:start position:0% know how that how that works out yes 01:17:42.639 --> 01:17:43.950 align:start position:0% know how that how that works out yes okay<01:17:43.040>but <01:17:43.159>I <01:17:43.239>think <01:17:43.400>you <01:17:43.520>all <01:17:43.679>have 01:17:43.950 --> 01:17:43.960 align:start position:0% okay but I think you all have 01:17:43.960 --> 01:17:48.870 align:start position:0% okay but I think you all have sufficiently<01:17:44.639>answer <01:17:45.120>that <01:17:46.120>okay <01:17:47.159>um <01:17:48.159>thank 01:17:48.870 --> 01:17:48.880 align:start position:0% sufficiently answer that okay um thank 01:17:48.880 --> 01:17:52.750 align:start position:0% sufficiently answer that okay um thank you<01:17:49.880>thank <01:17:50.080>you <01:17:50.520>all <01:17:51.520>okay <01:17:51.800>anything <01:17:52.400>further 01:17:52.750 --> 01:17:52.760 align:start position:0% you thank you all okay anything further 01:17:52.760 --> 01:17:57.189 align:start position:0% you thank you all okay anything further we<01:17:53.040>do <01:17:53.199>need <01:17:53.320>to <01:17:53.480>take <01:17:53.639>an <01:17:53.840>action <01:17:54.120>on <01:17:54.880>this <01:17:56.199>um 01:17:57.189 --> 01:17:57.199 align:start position:0% we do need to take an action on this um 01:17:57.199 --> 01:18:00.629 align:start position:0% we do need to take an action on this um to<01:17:57.360>approve <01:17:57.840>okay <01:17:58.040>we <01:17:58.159>have <01:17:58.280>a <01:17:58.440>motion <01:17:58.679>for 01:18:00.629 --> 01:18:00.639 align:start position:0% to approve okay we have a motion for 01:18:00.639 --> 01:18:03.950 align:start position:0% to approve okay we have a motion for approval<01:18:01.639>and <01:18:01.760>we <01:18:01.880>do <01:18:02.040>have <01:18:02.120>a <01:18:02.280>second <01:18:03.120>um <01:18:03.719>Miss 01:18:03.950 --> 01:18:03.960 align:start position:0% approval and we do have a second um Miss 01:18:03.960 --> 01:18:06.110 align:start position:0% approval and we do have a second um Miss Gilman<01:18:04.280>if <01:18:04.360>you <01:18:04.480>will <01:18:04.760>pull <01:18:05.040>the <01:18:05.159>board 01:18:06.110 --> 01:18:06.120 align:start position:0% Gilman if you will pull the board 01:18:06.120 --> 01:18:10.270 align:start position:0% Gilman if you will pull the board please<01:18:07.120>Mrs <01:18:07.440>quillin <01:18:08.280>yes <01:18:08.600>Mrs <01:18:08.960>S <01:18:09.679>yes <01:18:09.960>Mr 01:18:10.270 --> 01:18:10.280 align:start position:0% please Mrs quillin yes Mrs S yes Mr 01:18:10.280 --> 01:18:15.110 align:start position:0% please Mrs quillin yes Mrs S yes Mr Harris<01:18:11.040>yes <01:18:11.639>Mr <01:18:12.000>Janssen <01:18:13.000>yes <01:18:13.360>Mr <01:18:13.679>Cochran <01:18:14.639>yes 01:18:15.110 --> 01:18:15.120 align:start position:0% Harris yes Mr Janssen yes Mr Cochran yes 01:18:15.120 --> 01:18:16.270 align:start position:0% Harris yes Mr Janssen yes Mr Cochran yes Mr 01:18:16.270 --> 01:18:16.280 align:start position:0% Mr 01:18:16.280 --> 01:18:22.030 align:start position:0% Mr Prather<01:18:17.280>yes <01:18:18.080>Mr <01:18:18.679>ATA <01:18:19.920>yes <01:18:20.920>okay <01:18:21.639>that 01:18:22.030 --> 01:18:22.040 align:start position:0% Prather yes Mr ATA yes okay that 01:18:22.040 --> 01:18:25.750 align:start position:0% Prather yes Mr ATA yes okay that petition<01:18:22.520>has <01:18:22.679>been 01:18:25.750 --> 01:18:25.760 align:start position:0% 01:18:25.760 --> 01:18:30.990 align:start position:0% approved<01:18:26.760>okay <01:18:27.639>uh <01:18:28.639>so <01:18:29.199>we <01:18:30.199>move <01:18:30.480>on <01:18:30.800>the 01:18:30.990 --> 01:18:31.000 align:start position:0% approved okay uh so we move on the 01:18:31.000 --> 01:18:33.189 align:start position:0% approved okay uh so we move on the petition<01:18:31.360>from <01:18:31.520>intervest <01:18:32.040>operating <01:18:32.480>LLC 01:18:33.189 --> 01:18:33.199 align:start position:0% petition from intervest operating LLC 01:18:33.199 --> 01:18:38.310 align:start position:0% petition from intervest operating LLC for<01:18:33.520>P <01:18:34.199>for <01:18:34.440>pooling <01:18:35.440>unit <01:18:35.760>is <01:18:36.040>VC 01:18:38.310 --> 01:18:38.320 align:start position:0% for P for pooling unit is VC 01:18:38.320 --> 01:18:42.270 align:start position:0% for P for pooling unit is VC 5383<01:18:39.320>72 <01:18:40.320>I <01:18:40.440>believe <01:18:40.679>I've <01:18:40.880>called <01:18:41.199>that <01:18:41.480>right 01:18:42.270 --> 01:18:42.280 align:start position:0% 5383 72 I believe I've called that right 01:18:42.280 --> 01:18:45.110 align:start position:0% 5383 72 I believe I've called that right docket<01:18:42.679>number <01:18:42.920>is <01:18:43.120>VG <01:18:43.520>o 01:18:45.110 --> 01:18:45.120 align:start position:0% docket number is VG o 01:18:45.120 --> 01:18:47.790 align:start position:0% docket number is VG o 23-8<01:18:46.120>I'm <01:18:46.239>sorry 01:18:47.790 --> 01:18:47.800 align:start position:0% 23-8 I'm sorry 01:18:47.800 --> 01:18:49.950 align:start position:0% 23-8 I'm sorry 0815<01:18:48.800>D 01:18:49.950 --> 01:18:49.960 align:start position:0% 0815 D 01:18:49.960 --> 01:18:52.390 align:start position:0% 0815 D 4269<01:18:50.960>we'd <01:18:51.199>ask <01:18:51.400>all <01:18:51.600>parties <01:18:51.880>who <01:18:52.040>wish <01:18:52.239>to 01:18:52.390 --> 01:18:52.400 align:start position:0% 4269 we'd ask all parties who wish to 01:18:52.400 --> 01:18:55.910 align:start position:0% 4269 we'd ask all parties who wish to speak<01:18:52.679>to <01:18:53.080>this <01:18:53.400>item <01:18:53.920>to <01:18:54.920>please <01:18:55.360>come 01:18:55.910 --> 01:18:55.920 align:start position:0% speak to this item to please come 01:18:55.920 --> 01:18:58.310 align:start position:0% speak to this item to please come forward<01:18:56.920>it <01:18:57.080>be <01:18:57.239>Tim <01:18:57.440>Scott <01:18:57.719>Larry <01:18:57.960>Rees <01:18:58.239>and 01:18:58.310 --> 01:18:58.320 align:start position:0% forward it be Tim Scott Larry Rees and 01:18:58.320 --> 01:19:00.629 align:start position:0% forward it be Tim Scott Larry Rees and jimy<01:18:58.560>Aris <01:18:58.840>for <01:18:59.159>intervest <01:18:59.679>operating 01:19:00.629 --> 01:19:00.639 align:start position:0% jimy Aris for intervest operating 01:19:00.639 --> 01:19:04.270 align:start position:0% jimy Aris for intervest operating LLC 01:19:04.270 --> 01:19:04.280 align:start position:0% 01:19:04.280 --> 01:19:10.070 align:start position:0% okay<01:19:05.280>thank <01:19:05.480>you <01:19:06.320>um <01:19:06.719>Mr <01:19:07.120>Scott <01:19:08.120>and <01:19:08.360>anyone 01:19:10.070 --> 01:19:10.080 align:start position:0% okay thank you um Mr Scott and anyone 01:19:10.080 --> 01:19:13.149 align:start position:0% okay thank you um Mr Scott and anyone else<01:19:11.080>F <01:19:11.480>the <01:19:11.600>record <01:19:11.880>will <01:19:12.040>show <01:19:12.400>that <01:19:12.920>uh 01:19:13.149 --> 01:19:13.159 align:start position:0% else F the record will show that uh 01:19:13.159 --> 01:19:15.669 align:start position:0% else F the record will show that uh there's<01:19:13.400>no <01:19:13.520>one <01:19:13.719>else <01:19:13.960>so <01:19:14.239>Mr <01:19:14.480>Scott <01:19:14.880>you <01:19:15.040>may 01:19:15.669 --> 01:19:15.679 align:start position:0% there's no one else so Mr Scott you may 01:19:15.679 --> 01:19:17.910 align:start position:0% there's no one else so Mr Scott you may proceed<01:19:16.679>uh <01:19:16.920>Miss <01:19:17.320>Gilmer <01:19:17.679>you <01:19:17.760>going <01:19:17.840>to 01:19:17.910 --> 01:19:17.920 align:start position:0% proceed uh Miss Gilmer you going to 01:19:17.920 --> 01:19:19.470 align:start position:0% proceed uh Miss Gilmer you going to swear<01:19:18.239>these <01:19:18.360>fellas 01:19:19.470 --> 01:19:19.480 align:start position:0% swear these fellas 01:19:19.480 --> 01:19:21.390 align:start position:0% swear these fellas in<01:19:20.480>yes 01:19:21.390 --> 01:19:21.400 align:start position:0% in yes 01:19:21.400 --> 01:19:23.350 align:start position:0% in yes sir<01:19:22.400>Mr 01:19:23.350 --> 01:19:23.360 align:start position:0% sir Mr 01:19:23.360 --> 01:19:25.590 align:start position:0% sir Mr Mr<01:19:23.960>do <01:19:24.000>you <01:19:24.159>swear <01:19:24.719>and <01:19:24.920>affirm <01:19:25.320>their 01:19:25.590 --> 01:19:25.600 align:start position:0% Mr do you swear and affirm their 01:19:25.600 --> 01:19:27.470 align:start position:0% Mr do you swear and affirm their testimony<01:19:26.120>is <01:19:26.320>the <01:19:26.440>truth <01:19:26.760>the <01:19:26.920>whole <01:19:27.159>truth 01:19:27.470 --> 01:19:27.480 align:start position:0% testimony is the truth the whole truth 01:19:27.480 --> 01:19:36.750 align:start position:0% testimony is the truth the whole truth and<01:19:27.679>nothing <01:19:28.040>but <01:19:28.239>the <01:19:28.679>truth <01:19:29.679>yes 01:19:36.750 --> 01:19:36.760 align:start position:0% 01:19:36.760 --> 01:19:38.870 align:start position:0% yes 01:19:38.870 --> 01:19:38.880 align:start position:0% yes 01:19:38.880 --> 01:19:42.149 align:start position:0% yes oh<01:19:39.880>I <01:19:40.000>guess <01:19:40.159>you <01:19:40.239>can <01:19:40.520>proceed <01:19:41.360>thank <01:19:41.520>you <01:19:41.880>Mr 01:19:42.149 --> 01:19:42.159 align:start position:0% oh I guess you can proceed thank you Mr 01:19:42.159 --> 01:19:44.510 align:start position:0% oh I guess you can proceed thank you Mr Harris<01:19:43.080>Mr <01:19:43.320>re <01:19:43.560>please <01:19:43.719>set <01:19:43.960>your <01:19:44.080>name <01:19:44.400>by 01:19:44.510 --> 01:19:44.520 align:start position:0% Harris Mr re please set your name by 01:19:44.520 --> 01:19:45.990 align:start position:0% Harris Mr re please set your name by whom<01:19:44.639>you're <01:19:44.800>employed <01:19:45.159>your <01:19:45.360>job 01:19:45.990 --> 01:19:46.000 align:start position:0% whom you're employed your job 01:19:46.000 --> 01:19:48.470 align:start position:0% whom you're employed your job description<01:19:47.000>uh <01:19:47.120>Larry <01:19:47.440>Reeves <01:19:47.960>employed <01:19:48.360>by 01:19:48.470 --> 01:19:48.480 align:start position:0% description uh Larry Reeves employed by 01:19:48.480 --> 01:19:51.550 align:start position:0% description uh Larry Reeves employed by anest<01:19:49.040>operating <01:19:49.719>as <01:19:49.840>a <01:19:50.120>landman <01:19:51.120>and <01:19:51.440>you're 01:19:51.550 --> 01:19:51.560 align:start position:0% anest operating as a landman and you're 01:19:51.560 --> 01:19:52.910 align:start position:0% anest operating as a landman and you're familiar<01:19:51.880>with <01:19:51.960>this <01:19:52.120>application <01:19:52.639>that 01:19:52.910 --> 01:19:52.920 align:start position:0% familiar with this application that 01:19:52.920 --> 01:19:55.550 align:start position:0% familiar with this application that correct<01:19:53.560>yes <01:19:54.000>and <01:19:54.120>did <01:19:54.280>you <01:19:54.520>also <01:19:55.080>participate 01:19:55.550 --> 01:19:55.560 align:start position:0% correct yes and did you also participate 01:19:55.560 --> 01:19:57.629 align:start position:0% correct yes and did you also participate in<01:19:55.719>preparation <01:19:56.080>of <01:19:56.199>this <01:19:56.400>application <01:19:57.320>yes <01:19:57.440>I 01:19:57.629 --> 01:19:57.639 align:start position:0% in preparation of this application yes I 01:19:57.639 --> 01:20:00.510 align:start position:0% in preparation of this application yes I did<01:19:58.159>and <01:19:58.679>this <01:19:58.840>unit <01:19:59.120>is <01:19:59.320>located <01:19:59.719>in <01:19:59.840>the <01:20:00.159>nor 01:20:00.510 --> 01:20:00.520 align:start position:0% did and this unit is located in the nor 01:20:00.520 --> 01:20:02.950 align:start position:0% did and this unit is located in the nor kette<01:20:00.880>gas <01:20:01.120>field <01:20:01.800>it <01:20:01.960>is <01:20:02.239>and <01:20:02.360>how <01:20:02.480>many <01:20:02.679>acres 01:20:02.950 --> 01:20:02.960 align:start position:0% kette gas field it is and how many acres 01:20:02.960 --> 01:20:07.629 align:start position:0% kette gas field it is and how many acres does<01:20:03.120>it <01:20:03.520>contain <01:20:04.520>uh <01:20:04.880>58.7 <01:20:05.880>s <01:20:06.239>acres <01:20:07.080>and <01:20:07.520>uh 01:20:07.629 --> 01:20:07.639 align:start position:0% does it contain uh 58.7 s acres and uh 01:20:07.639 --> 01:20:11.189 align:start position:0% does it contain uh 58.7 s acres and uh with<01:20:07.840>regard <01:20:08.120>to <01:20:08.560>the <01:20:09.440>um <01:20:10.360>the <01:20:10.520>lease <01:20:10.880>position 01:20:11.189 --> 01:20:11.199 align:start position:0% with regard to the um the lease position 01:20:11.199 --> 01:20:14.030 align:start position:0% with regard to the um the lease position for<01:20:11.440>this <01:20:11.679>particular <01:20:12.080>unit <01:20:12.920>uh <01:20:13.000>intervest <01:20:13.600>is 01:20:14.030 --> 01:20:14.040 align:start position:0% for this particular unit uh intervest is 01:20:14.040 --> 01:20:15.790 align:start position:0% for this particular unit uh intervest is a<01:20:14.320>mineral <01:20:14.679>owner <01:20:14.960>in <01:20:15.120>this <01:20:15.239>unit <01:20:15.520>is <01:20:15.639>that 01:20:15.790 --> 01:20:15.800 align:start position:0% a mineral owner in this unit is that 01:20:15.800 --> 01:20:18.030 align:start position:0% a mineral owner in this unit is that correct<01:20:16.239>that <01:20:16.360>is <01:20:16.480>correct <01:20:17.040>okay <01:20:17.800>uh <01:20:17.920>are 01:20:18.030 --> 01:20:18.040 align:start position:0% correct that is correct okay uh are 01:20:18.040 --> 01:20:19.709 align:start position:0% correct that is correct okay uh are there<01:20:18.199>any <01:20:18.400>parties <01:20:18.719>responded <01:20:19.320>listed <01:20:19.560>on 01:20:19.709 --> 01:20:19.719 align:start position:0% there any parties responded listed on 01:20:19.719 --> 01:20:21.590 align:start position:0% there any parties responded listed on exhibit<01:20:20.280>B3 <01:20:20.679>that <01:20:20.800>we're <01:20:20.920>going <01:20:21.040>to <01:20:21.199>dismiss 01:20:21.590 --> 01:20:21.600 align:start position:0% exhibit B3 that we're going to dismiss 01:20:21.600 --> 01:20:24.750 align:start position:0% exhibit B3 that we're going to dismiss today<01:20:22.440>no <01:20:23.159>and <01:20:23.600>um <01:20:23.960>were <01:20:24.239>those <01:20:24.440>parties 01:20:24.750 --> 01:20:24.760 align:start position:0% today no and um were those parties 01:20:24.760 --> 01:20:27.270 align:start position:0% today no and um were those parties listed<01:20:25.159>on <01:20:25.360>exhibit <01:20:25.719>B3 <01:20:26.280>how <01:20:26.600>was <01:20:26.840>notice 01:20:27.270 --> 01:20:27.280 align:start position:0% listed on exhibit B3 how was notice 01:20:27.280 --> 01:20:29.310 align:start position:0% listed on exhibit B3 how was notice provided<01:20:28.239>to <01:20:28.520>those <01:20:28.719>parties <01:20:29.000>of <01:20:29.159>this 01:20:29.310 --> 01:20:29.320 align:start position:0% provided to those parties of this 01:20:29.320 --> 01:20:30.189 align:start position:0% provided to those parties of this hearing 01:20:30.189 --> 01:20:30.199 align:start position:0% hearing 01:20:30.199 --> 01:20:32.669 align:start position:0% hearing today<01:20:31.199>uh <01:20:31.320>they <01:20:31.400>were <01:20:31.560>notified <01:20:32.000>by <01:20:32.159>certified 01:20:32.669 --> 01:20:32.679 align:start position:0% today uh they were notified by certified 01:20:32.679 --> 01:20:35.110 align:start position:0% today uh they were notified by certified maale<01:20:33.360>return <01:20:33.679>receip 01:20:35.110 --> 01:20:35.120 align:start position:0% maale return receip 01:20:35.120 --> 01:20:37.790 align:start position:0% maale return receip requested<01:20:36.120>and <01:20:36.639>uh <01:20:36.880>the <01:20:37.080>dick <01:20:37.560>and 01:20:37.790 --> 01:20:37.800 align:start position:0% requested and uh the dick and 01:20:37.800 --> 01:20:40.270 align:start position:0% requested and uh the dick and publication<01:20:38.320>and <01:20:38.600>Dickinson <01:20:39.159>star <01:20:39.679>so <01:20:39.920>do <01:20:40.080>we 01:20:40.270 --> 01:20:40.280 align:start position:0% publication and Dickinson star so do we 01:20:40.280 --> 01:20:43.030 align:start position:0% publication and Dickinson star so do we have<01:20:40.560>any <01:20:40.800>unknown <01:20:41.159>owners <01:20:41.480>in <01:20:41.639>this <01:20:41.840>unit <01:20:42.840>uh 01:20:43.030 --> 01:20:43.040 align:start position:0% have any unknown owners in this unit uh 01:20:43.040 --> 01:20:45.830 align:start position:0% have any unknown owners in this unit uh yes<01:20:43.600>and <01:20:43.920>uh <01:20:44.679>um <01:20:44.800>are <01:20:44.960>you <01:20:45.120>continuing <01:20:45.520>to <01:20:45.679>try 01:20:45.830 --> 01:20:45.840 align:start position:0% yes and uh um are you continuing to try 01:20:45.840 --> 01:20:48.830 align:start position:0% yes and uh um are you continuing to try to<01:20:46.000>locate <01:20:46.360>those <01:20:46.560>individuals <01:20:47.480>we <01:20:47.600>are <01:20:48.199>okay 01:20:48.830 --> 01:20:48.840 align:start position:0% to locate those individuals we are okay 01:20:48.840 --> 01:20:50.430 align:start position:0% to locate those individuals we are okay so<01:20:49.040>your <01:20:49.199>efforts <01:20:49.440>are <01:20:49.600>ongoing <01:20:50.080>is <01:20:50.199>that 01:20:50.430 --> 01:20:50.440 align:start position:0% so your efforts are ongoing is that 01:20:50.440 --> 01:20:52.110 align:start position:0% so your efforts are ongoing is that right<01:20:51.000>that <01:20:51.120>is <01:20:51.280>correct <01:20:51.760>and <01:20:51.880>have <01:20:51.960>you 01:20:52.110 --> 01:20:52.120 align:start position:0% right that is correct and have you 01:20:52.120 --> 01:20:53.390 align:start position:0% right that is correct and have you provided<01:20:52.440>proof <01:20:52.840>of <01:20:52.920>mailing <01:20:53.199>and 01:20:53.390 --> 01:20:53.400 align:start position:0% provided proof of mailing and 01:20:53.400 --> 01:20:55.910 align:start position:0% provided proof of mailing and publication<01:20:53.880>to <01:20:54.040>the <01:20:54.239>board <01:20:55.239>uh <01:20:55.400>yes <01:20:55.520>we <01:20:55.679>have 01:20:55.910 --> 01:20:55.920 align:start position:0% publication to the board uh yes we have 01:20:55.920 --> 01:20:57.350 align:start position:0% publication to the board uh yes we have and<01:20:56.040>we <01:20:56.159>do <01:20:56.280>not <01:20:56.400>have <01:20:56.520>an <01:20:56.639>escrow <01:20:57.040>requirement 01:20:57.350 --> 01:20:57.360 align:start position:0% and we do not have an escrow requirement 01:20:57.360 --> 01:21:00.070 align:start position:0% and we do not have an escrow requirement of<01:20:57.480>this <01:20:57.600>unit <01:20:57.920>is <01:20:58.040>that <01:20:58.560>right <01:20:59.560>uh <01:20:59.679>no <01:20:59.880>no 01:21:00.070 --> 01:21:00.080 align:start position:0% of this unit is that right uh no no 01:21:00.080 --> 01:21:02.750 align:start position:0% of this unit is that right uh no no escrow<01:21:00.880>okay <01:21:01.480>uh <01:21:01.600>intervest <01:21:02.080>is <01:21:02.320>authorized 01:21:02.750 --> 01:21:02.760 align:start position:0% escrow okay uh intervest is authorized 01:21:02.760 --> 01:21:04.229 align:start position:0% escrow okay uh intervest is authorized to<01:21:02.840>conduct <01:21:03.159>business <01:21:03.440>in <01:21:03.560>the <01:21:03.679>Commonwealth 01:21:04.229 --> 01:21:04.239 align:start position:0% to conduct business in the Commonwealth 01:21:04.239 --> 01:21:05.950 align:start position:0% to conduct business in the Commonwealth is<01:21:04.320>that <01:21:04.520>correct <01:21:05.040>correct <01:21:05.560>and <01:21:05.679>there's <01:21:05.840>a 01:21:05.950 --> 01:21:05.960 align:start position:0% is that correct correct and there's a 01:21:05.960 --> 01:21:07.550 align:start position:0% is that correct correct and there's a blanket<01:21:06.320>Bond <01:21:06.520>on <01:21:06.760>file <01:21:07.000>is <01:21:07.080>that <01:21:07.280>also 01:21:07.550 --> 01:21:07.560 align:start position:0% blanket Bond on file is that also 01:21:07.560 --> 01:21:09.590 align:start position:0% blanket Bond on file is that also correct<01:21:08.120>yes <01:21:08.800>and <01:21:08.920>if <01:21:09.040>you <01:21:09.120>were <01:21:09.280>able <01:21:09.480>to 01:21:09.590 --> 01:21:09.600 align:start position:0% correct yes and if you were able to 01:21:09.600 --> 01:21:10.750 align:start position:0% correct yes and if you were able to reach<01:21:09.800>an <01:21:09.920>agreement <01:21:10.239>with <01:21:10.360>the <01:21:10.480>parties 01:21:10.750 --> 01:21:10.760 align:start position:0% reach an agreement with the parties 01:21:10.760 --> 01:21:13.430 align:start position:0% reach an agreement with the parties listed<01:21:11.040>on <01:21:11.280>EX <01:21:11.880>exhibit <01:21:12.239>B3 <01:21:12.800>what <01:21:12.960>terms <01:21:13.280>would 01:21:13.430 --> 01:21:13.440 align:start position:0% listed on EX exhibit B3 what terms would 01:21:13.440 --> 01:21:15.430 align:start position:0% listed on EX exhibit B3 what terms would you<01:21:13.600>offer <01:21:13.880>for <01:21:14.040>a <01:21:14.199>lease <01:21:14.960>uh <01:21:15.040>for <01:21:15.239>this 01:21:15.430 --> 01:21:15.440 align:start position:0% you offer for a lease uh for this 01:21:15.440 --> 01:21:19.390 align:start position:0% you offer for a lease uh for this particular<01:21:15.840>unit <01:21:16.600>uh <01:21:16.800>$5 <01:21:17.480>per <01:21:17.719>year <01:21:18.639>per <01:21:18.880>acre 01:21:19.390 --> 01:21:19.400 align:start position:0% particular unit uh $5 per year per acre 01:21:19.400 --> 01:21:22.350 align:start position:0% particular unit uh $5 per year per acre for<01:21:19.560>a <01:21:19.719>5year <01:21:20.159>paid <01:21:20.400>up <01:21:20.600>lease <01:21:20.960>at <01:21:21.320>1 <01:21:21.560>18 <01:21:21.800>Roy 01:21:22.350 --> 01:21:22.360 align:start position:0% for a 5year paid up lease at 1 18 Roy 01:21:22.360 --> 01:21:23.709 align:start position:0% for a 5year paid up lease at 1 18 Roy and<01:21:22.480>you <01:21:22.760>believe <01:21:22.920>this <01:21:23.040>is <01:21:23.199>sufficient 01:21:23.709 --> 01:21:23.719 align:start position:0% and you believe this is sufficient 01:21:23.719 --> 01:21:26.350 align:start position:0% and you believe this is sufficient compensation<01:21:24.280>for <01:21:24.840>the <01:21:24.960>lease <01:21:25.199>in <01:21:25.360>this <01:21:25.520>area 01:21:26.350 --> 01:21:26.360 align:start position:0% compensation for the lease in this area 01:21:26.360 --> 01:21:28.470 align:start position:0% compensation for the lease in this area yes<01:21:26.480>it <01:21:26.639>is <01:21:26.960>and <01:21:27.120>what <01:21:27.320>percentage <01:21:27.719>of <01:21:27.920>the <01:21:28.159>gas 01:21:28.470 --> 01:21:28.480 align:start position:0% yes it is and what percentage of the gas 01:21:28.480 --> 01:21:30.390 align:start position:0% yes it is and what percentage of the gas estate<01:21:28.800>does <01:21:29.199>intervest <01:21:29.760>either <01:21:29.960>have <01:21:30.080>under 01:21:30.390 --> 01:21:30.400 align:start position:0% estate does intervest either have under 01:21:30.400 --> 01:21:32.270 align:start position:0% estate does intervest either have under lease<01:21:31.040>or <01:21:31.239>by 01:21:32.270 --> 01:21:32.280 align:start position:0% lease or by 01:21:32.280 --> 01:21:35.910 align:start position:0% lease or by ownership<01:21:33.280>uh 01:21:35.910 --> 01:21:35.920 align:start position:0% 01:21:35.920 --> 01:21:39.229 align:start position:0% 98.87%<01:21:36.920>and <01:21:37.840>what <01:21:38.040>percentage <01:21:38.440>of <01:21:38.679>the <01:21:39.120>uh 01:21:39.229 --> 01:21:39.239 align:start position:0% 98.87% and what percentage of the uh 01:21:39.239 --> 01:21:43.310 align:start position:0% 98.87% and what percentage of the uh unit<01:21:39.520>are <01:21:39.639>you <01:21:39.760>seeking <01:21:40.040>to <01:21:40.199>pool <01:21:40.600>today <01:21:41.600>1. 01:21:43.310 --> 01:21:43.320 align:start position:0% unit are you seeking to pool today 1. 01:21:43.320 --> 01:21:47.110 align:start position:0% unit are you seeking to pool today 1. n1250<01:21:44.320>%. <01:21:45.320>okay <01:21:46.000>are <01:21:46.120>you <01:21:46.320>also <01:21:46.679>requesting 01:21:47.110 --> 01:21:47.120 align:start position:0% n1250 %. okay are you also requesting 01:21:47.120 --> 01:21:48.709 align:start position:0% n1250 %. okay are you also requesting that<01:21:47.280>intervest <01:21:47.719>be <01:21:47.840>named <01:21:48.040>the <01:21:48.159>operator <01:21:48.520>for 01:21:48.709 --> 01:21:48.719 align:start position:0% that intervest be named the operator for 01:21:48.719 --> 01:21:50.709 align:start position:0% that intervest be named the operator for this<01:21:48.840>unit <01:21:49.440>yes <01:21:49.600>sir <01:21:50.120>and <01:21:50.239>if <01:21:50.360>the <01:21:50.480>board 01:21:50.709 --> 01:21:50.719 align:start position:0% this unit yes sir and if the board 01:21:50.719 --> 01:21:53.430 align:start position:0% this unit yes sir and if the board grants<01:21:51.000>our <01:21:51.199>application <01:21:51.719>today <01:21:52.880>um <01:21:53.239>where 01:21:53.430 --> 01:21:53.440 align:start position:0% grants our application today um where 01:21:53.440 --> 01:21:56.070 align:start position:0% grants our application today um where should<01:21:54.199>um <01:21:54.440>any <01:21:54.679>elections <01:21:55.159>be <01:21:55.360>made 01:21:56.070 --> 01:21:56.080 align:start position:0% should um any elections be made 01:21:56.080 --> 01:21:59.110 align:start position:0% should um any elections be made regarding<01:21:56.960>uh <01:21:57.120>this <01:21:57.360>particular <01:21:57.840>order <01:21:58.840>uh <01:21:58.960>to 01:21:59.110 --> 01:21:59.120 align:start position:0% regarding uh this particular order uh to 01:21:59.120 --> 01:22:02.110 align:start position:0% regarding uh this particular order uh to be<01:21:59.239>sent <01:21:59.520>to <01:21:59.960>intervest <01:22:00.639>operating 01:22:02.110 --> 01:22:02.120 align:start position:0% be sent to intervest operating 01:22:02.120 --> 01:22:06.590 align:start position:0% be sent to intervest operating LLC<01:22:03.120>408 <01:22:04.120>West <01:22:04.440>Main <01:22:05.040>Street <01:22:06.040>Abington 01:22:06.590 --> 01:22:06.600 align:start position:0% LLC 408 West Main Street Abington 01:22:06.600 --> 01:22:08.470 align:start position:0% LLC 408 West Main Street Abington Virginia 01:22:08.470 --> 01:22:08.480 align:start position:0% Virginia 01:22:08.480 --> 01:22:11.350 align:start position:0% Virginia 24210<01:22:09.480>attention <01:22:10.120>Kevin <01:22:10.400>Miller <01:22:11.040>vice 01:22:11.350 --> 01:22:11.360 align:start position:0% 24210 attention Kevin Miller vice 01:22:11.360 --> 01:22:13.750 align:start position:0% 24210 attention Kevin Miller vice president<01:22:11.800>land <01:22:12.679>thank <01:22:12.880>you <01:22:13.320>and <01:22:13.400>should <01:22:13.600>this 01:22:13.750 --> 01:22:13.760 align:start position:0% president land thank you and should this 01:22:13.760 --> 01:22:16.550 align:start position:0% president land thank you and should this be<01:22:13.960>the <01:22:14.360>uh <01:22:14.480>address <01:22:14.800>for <01:22:14.960>all <01:22:15.560>Communications 01:22:16.550 --> 01:22:16.560 align:start position:0% be the uh address for all Communications 01:22:16.560 --> 01:22:19.110 align:start position:0% be the uh address for all Communications uh<01:22:16.840>with <01:22:17.040>intervest <01:22:17.600>regarding <01:22:18.000>this <01:22:18.960>any 01:22:19.110 --> 01:22:19.120 align:start position:0% uh with intervest regarding this any 01:22:19.120 --> 01:22:21.629 align:start position:0% uh with intervest regarding this any pooling<01:22:19.440>order <01:22:19.679>entered <01:22:20.000>by <01:22:20.080>the <01:22:20.440>board <01:22:21.440>uh 01:22:21.629 --> 01:22:21.639 align:start position:0% pooling order entered by the board uh 01:22:21.639 --> 01:22:25.550 align:start position:0% pooling order entered by the board uh yes<01:22:22.080>okay <01:22:22.679>that's <01:22:22.800>all <01:22:22.960>I <01:22:23.080>have <01:22:23.239>for <01:22:23.560>Mr 01:22:25.550 --> 01:22:25.560 align:start position:0% yes okay that's all I have for Mr 01:22:25.560 --> 01:22:29.310 align:start position:0% yes okay that's all I have for Mr Reeves<01:22:26.560>uh <01:22:26.960>questions <01:22:27.360>from <01:22:27.560>members <01:22:27.840>of <01:22:27.960>the 01:22:29.310 --> 01:22:29.320 align:start position:0% Reeves uh questions from members of the 01:22:29.320 --> 01:22:32.950 align:start position:0% Reeves uh questions from members of the board<01:22:30.320>uh <01:22:30.520>just <01:22:30.719>one <01:22:30.920>question <01:22:31.520>the <01:22:32.120>yes <01:22:32.760>this 01:22:32.950 --> 01:22:32.960 align:start position:0% board uh just one question the yes this 01:22:32.960 --> 01:22:34.790 align:start position:0% board uh just one question the yes this application<01:22:33.639>was <01:22:33.760>it <01:22:33.920>original <01:22:34.360>was <01:22:34.480>it 01:22:34.790 --> 01:22:34.800 align:start position:0% application was it original was it 01:22:34.800 --> 01:22:37.430 align:start position:0% application was it original was it previously<01:22:35.239>submitted <01:22:35.639>to <01:22:35.760>this <01:22:35.960>board <01:22:36.440>in 01:22:37.430 --> 01:22:37.440 align:start position:0% previously submitted to this board in 01:22:37.440 --> 01:22:40.070 align:start position:0% previously submitted to this board in September<01:22:37.880>of <01:22:38.199>2023 <01:22:39.199>was <01:22:39.320>it <01:22:39.480>withdrawn <01:22:39.920>at 01:22:40.070 --> 01:22:40.080 align:start position:0% September of 2023 was it withdrawn at 01:22:40.080 --> 01:22:42.030 align:start position:0% September of 2023 was it withdrawn at that<01:22:40.280>time <01:22:41.120>or <01:22:41.280>I <01:22:41.360>don't <01:22:41.480>know <01:22:41.639>what <01:22:41.800>happened 01:22:42.030 --> 01:22:42.040 align:start position:0% that time or I don't know what happened 01:22:42.040 --> 01:22:45.390 align:start position:0% that time or I don't know what happened to<01:22:42.159>it <01:22:42.800>back <01:22:43.120>then <01:22:44.120>I <01:22:44.239>think <01:22:44.440>we <01:22:44.600>had <01:22:44.840>requested 01:22:45.390 --> 01:22:45.400 align:start position:0% to it back then I think we had requested 01:22:45.400 --> 01:22:47.950 align:start position:0% to it back then I think we had requested the<01:22:45.600>docket <01:22:46.000>number <01:22:46.280>at <01:22:46.400>that <01:22:46.600>time <01:22:46.920>to <01:22:47.120>put <01:22:47.280>it 01:22:47.950 --> 01:22:47.960 align:start position:0% the docket number at that time to put it 01:22:47.960 --> 01:22:49.870 align:start position:0% the docket number at that time to put it into<01:22:48.280>the <01:22:48.440>hearing <01:22:48.960>and <01:22:49.120>we <01:22:49.280>just <01:22:49.440>hadn't <01:22:49.719>got 01:22:49.870 --> 01:22:49.880 align:start position:0% into the hearing and we just hadn't got 01:22:49.880 --> 01:22:51.550 align:start position:0% into the hearing and we just hadn't got it 01:22:51.550 --> 01:22:51.560 align:start position:0% it 01:22:51.560 --> 01:22:53.750 align:start position:0% it submitted 01:22:53.750 --> 01:22:53.760 align:start position:0% submitted 01:22:53.760 --> 01:22:56.229 align:start position:0% submitted so<01:22:54.080>the <01:22:54.239>numbers <01:22:54.960>reflect <01:22:55.520>that <01:22:55.960>it <01:22:56.080>would 01:22:56.229 --> 01:22:56.239 align:start position:0% so the numbers reflect that it would 01:22:56.239 --> 01:22:58.390 align:start position:0% so the numbers reflect that it would have<01:22:56.360>been <01:22:56.520>a <01:22:56.920>September <01:22:57.440>docket 01:22:58.390 --> 01:22:58.400 align:start position:0% have been a September docket 01:22:58.400 --> 01:23:00.510 align:start position:0% have been a September docket hearing<01:22:59.400>okay <01:22:59.719>so <01:23:00.000>what <01:23:00.120>you <01:23:00.199>don't <01:23:00.320>think <01:23:00.480>it 01:23:00.510 --> 01:23:00.520 align:start position:0% hearing okay so what you don't think it 01:23:00.520 --> 01:23:02.390 align:start position:0% hearing okay so what you don't think it was<01:23:00.639>on <01:23:00.760>the <01:23:00.880>docket <01:23:01.239>back <01:23:01.400>in <01:23:01.600>September 01:23:02.390 --> 01:23:02.400 align:start position:0% was on the docket back in September 01:23:02.400 --> 01:23:05.149 align:start position:0% was on the docket back in September before<01:23:02.840>and <01:23:02.960>was <01:23:03.159>drawn <01:23:03.679>or <01:23:04.679>I <01:23:04.840>want <01:23:04.960>to <01:23:05.040>make 01:23:05.149 --> 01:23:05.159 align:start position:0% before and was drawn or I want to make 01:23:05.159 --> 01:23:06.350 align:start position:0% before and was drawn or I want to make sure<01:23:05.560>weren't <01:23:05.800>hearing <01:23:06.000>something <01:23:06.199>we' 01:23:06.350 --> 01:23:06.360 align:start position:0% sure weren't hearing something we' 01:23:06.360 --> 01:23:08.070 align:start position:0% sure weren't hearing something we' already<01:23:06.520>heard 01:23:08.070 --> 01:23:08.080 align:start position:0% already heard 01:23:08.080 --> 01:23:11.350 align:start position:0% already heard no<01:23:09.080>no <01:23:09.400>I <01:23:09.800>like <01:23:09.960>I <01:23:10.040>said <01:23:10.239>I <01:23:10.360>think <01:23:10.520>we <01:23:10.719>just <01:23:11.000>had 01:23:11.350 --> 01:23:11.360 align:start position:0% no no I like I said I think we just had 01:23:11.360 --> 01:23:14.550 align:start position:0% no no I like I said I think we just had requested<01:23:11.840>the <01:23:12.000>docket <01:23:12.360>number <01:23:12.679>then <01:23:13.440>um <01:23:14.360>in 01:23:14.550 --> 01:23:14.560 align:start position:0% requested the docket number then um in 01:23:14.560 --> 01:23:16.510 align:start position:0% requested the docket number then um in hopes<01:23:14.880>to <01:23:15.040>get <01:23:15.159>it <01:23:15.360>submitted <01:23:15.920>and <01:23:16.159>and <01:23:16.280>just 01:23:16.510 --> 01:23:16.520 align:start position:0% hopes to get it submitted and and just 01:23:16.520 --> 01:23:20.189 align:start position:0% hopes to get it submitted and and just happen<01:23:16.840>at <01:23:17.000>that <01:23:17.679>time 01:23:20.189 --> 01:23:20.199 align:start position:0% happen at that time 01:23:20.199 --> 01:23:24.790 align:start position:0% happen at that time okay<01:23:21.480>okay <01:23:22.679>thank <01:23:22.840>you <01:23:23.400>you <01:23:23.560>may <01:23:23.800>proceed 01:23:24.790 --> 01:23:24.800 align:start position:0% okay okay thank you you may proceed 01:23:24.800 --> 01:23:27.030 align:start position:0% okay okay thank you you may proceed thank<01:23:24.960>you <01:23:25.080>Mr <01:23:25.280>Harris <01:23:25.960>um <01:23:26.320>Mr <01:23:26.560>haris <01:23:26.880>please 01:23:27.030 --> 01:23:27.040 align:start position:0% thank you Mr Harris um Mr haris please 01:23:27.040 --> 01:23:28.590 align:start position:0% thank you Mr Harris um Mr haris please set<01:23:27.239>your <01:23:27.320>name <01:23:27.520>by <01:23:27.639>whom <01:23:27.760>you're <01:23:28.239>your <01:23:28.360>job 01:23:28.590 --> 01:23:28.600 align:start position:0% set your name by whom you're your job 01:23:28.600 --> 01:23:30.790 align:start position:0% set your name by whom you're your job description<01:23:29.600>James <01:23:29.920>SS <01:23:30.239>inter <01:23:30.560>best 01:23:30.790 --> 01:23:30.800 align:start position:0% description James SS inter best 01:23:30.800 --> 01:23:33.310 align:start position:0% description James SS inter best operating<01:23:31.320>and <01:23:31.600>landman <01:23:32.600>and <01:23:32.920>uh <01:23:33.040>are <01:23:33.159>you 01:23:33.310 --> 01:23:33.320 align:start position:0% operating and landman and uh are you 01:23:33.320 --> 01:23:34.910 align:start position:0% operating and landman and uh are you familiar<01:23:33.679>with <01:23:33.800>the <01:23:34.000>proposed <01:23:34.360>depth <01:23:34.600>of <01:23:34.719>this 01:23:34.910 --> 01:23:34.920 align:start position:0% familiar with the proposed depth of this 01:23:34.920 --> 01:23:36.950 align:start position:0% familiar with the proposed depth of this well<01:23:35.400>yes <01:23:35.679>and <01:23:35.800>what <01:23:35.920>would <01:23:36.040>that <01:23:36.199>be <01:23:36.520>it's <01:23:36.679>uh 01:23:36.950 --> 01:23:36.960 align:start position:0% well yes and what would that be it's uh 01:23:36.960 --> 01:23:40.030 align:start position:0% well yes and what would that be it's uh 2,100<01:23:37.960>ft <01:23:38.679>and <01:23:39.040>are <01:23:39.159>you <01:23:39.280>also <01:23:39.520>familiar <01:23:39.920>with 01:23:40.030 --> 01:23:40.040 align:start position:0% 2,100 ft and are you also familiar with 01:23:40.040 --> 01:23:42.070 align:start position:0% 2,100 ft and are you also familiar with the<01:23:40.159>estimated <01:23:40.560>reserves <01:23:40.920>for <01:23:41.120>this <01:23:41.239>unit <01:23:41.800>yes 01:23:42.070 --> 01:23:42.080 align:start position:0% the estimated reserves for this unit yes 01:23:42.080 --> 01:23:46.510 align:start position:0% the estimated reserves for this unit yes and<01:23:42.239>what <01:23:42.360>would <01:23:42.560>those <01:23:42.800>be <01:23:43.719>642 <01:23:45.120>mmcf <01:23:46.120>and <01:23:46.239>you 01:23:46.510 --> 01:23:46.520 align:start position:0% and what would those be 642 mmcf and you 01:23:46.520 --> 01:23:48.149 align:start position:0% and what would those be 642 mmcf and you participate<01:23:46.960>in <01:23:47.040>the <01:23:47.120>preparation <01:23:47.480>of <01:23:47.600>the <01:23:47.719>AF 01:23:48.149 --> 01:23:48.159 align:start position:0% participate in the preparation of the AF 01:23:48.159 --> 01:23:49.510 align:start position:0% participate in the preparation of the AF that<01:23:48.280>we <01:23:48.400>submitted <01:23:48.760>with <01:23:48.880>our <01:23:49.040>application 01:23:49.510 --> 01:23:49.520 align:start position:0% that we submitted with our application 01:23:49.520 --> 01:23:51.149 align:start position:0% that we submitted with our application is<01:23:49.639>that <01:23:49.880>right <01:23:50.159>that's <01:23:50.320>correct <01:23:50.760>so <01:23:50.880>you're 01:23:51.149 --> 01:23:51.159 align:start position:0% is that right that's correct so you're 01:23:51.159 --> 01:23:53.229 align:start position:0% is that right that's correct so you're familiar<01:23:51.600>with <01:23:51.679>the <01:23:51.760>well <01:23:52.080>cost <01:23:52.560>yes <01:23:53.080>and 01:23:53.229 --> 01:23:53.239 align:start position:0% familiar with the well cost yes and 01:23:53.239 --> 01:23:54.950 align:start position:0% familiar with the well cost yes and what's<01:23:53.480>the <01:23:53.639>estimated <01:23:54.040>dry <01:23:54.320>hole <01:23:54.560>cost <01:23:54.760>for 01:23:54.950 --> 01:23:54.960 align:start position:0% what's the estimated dry hole cost for 01:23:54.960 --> 01:23:56.709 align:start position:0% what's the estimated dry hole cost for this<01:23:55.120>unit <01:23:55.560>it <01:23:55.719>is 01:23:56.709 --> 01:23:56.719 align:start position:0% this unit it is 01:23:56.719 --> 01:23:59.790 align:start position:0% this unit it is 202<01:23:57.719>$ 01:23:59.790 --> 01:23:59.800 align:start position:0% 202 $ 01:23:59.800 --> 01:24:02.149 align:start position:0% 202 $ 22,24<01:24:00.800>and <01:24:00.920>the <01:24:01.040>estimated <01:24:01.520>completed <01:24:01.880>well 01:24:02.149 --> 01:24:02.159 align:start position:0% 22,24 and the estimated completed well 01:24:02.159 --> 01:24:04.189 align:start position:0% 22,24 and the estimated completed well cost 01:24:04.189 --> 01:24:04.199 align:start position:0% cost 01:24:04.199 --> 01:24:05.709 align:start position:0% cost $582,500 01:24:05.709 --> 01:24:05.719 align:start position:0% $582,500 01:24:05.719 --> 01:24:07.830 align:start position:0% $582,500 and<01:24:06.719>um <01:24:06.920>if <01:24:07.040>the <01:24:07.120>board <01:24:07.360>grants <01:24:07.639>are 01:24:07.830 --> 01:24:07.840 align:start position:0% and um if the board grants are 01:24:07.840 --> 01:24:09.790 align:start position:0% and um if the board grants are application<01:24:08.280>today <01:24:08.760>would <01:24:08.920>it <01:24:09.159>prevent <01:24:09.480>waste 01:24:09.790 --> 01:24:09.800 align:start position:0% application today would it prevent waste 01:24:09.800 --> 01:24:11.510 align:start position:0% application today would it prevent waste promote<01:24:10.120>conservation <01:24:11.040>and <01:24:11.199>protect 01:24:11.510 --> 01:24:11.520 align:start position:0% promote conservation and protect 01:24:11.520 --> 01:24:13.910 align:start position:0% promote conservation and protect correlative<01:24:12.080>rights <01:24:12.480>yes <01:24:12.639>it <01:24:12.800>would <01:24:13.320>okay 01:24:13.910 --> 01:24:13.920 align:start position:0% correlative rights yes it would okay 01:24:13.920 --> 01:24:15.750 align:start position:0% correlative rights yes it would okay that's<01:24:14.080>all <01:24:14.199>I <01:24:14.360>have <01:24:14.480>for <01:24:14.679>Mr 01:24:15.750 --> 01:24:15.760 align:start position:0% that's all I have for Mr 01:24:15.760 --> 01:24:21.350 align:start position:0% that's all I have for Mr SS<01:24:16.760>questions <01:24:17.159>from <01:24:17.440>members <01:24:17.719>of <01:24:17.840>the 01:24:21.350 --> 01:24:21.360 align:start position:0% 01:24:21.360 --> 01:24:23.870 align:start position:0% board 01:24:23.870 --> 01:24:23.880 align:start position:0% board 01:24:23.880 --> 01:24:27.350 align:start position:0% board oh<01:24:24.880>okay <01:24:25.120>hearing <01:24:25.440>none <01:24:25.719>you <01:24:25.880>may <01:24:26.360>continue 01:24:27.350 --> 01:24:27.360 align:start position:0% oh okay hearing none you may continue 01:24:27.360 --> 01:24:30.550 align:start position:0% oh okay hearing none you may continue that's<01:24:27.520>all <01:24:27.679>I <01:24:27.800>have <01:24:28.000>Mr <01:24:28.520>Harris <01:24:29.520>okay <01:24:29.840>any 01:24:30.550 --> 01:24:30.560 align:start position:0% that's all I have Mr Harris okay any 01:24:30.560 --> 01:24:32.830 align:start position:0% that's all I have Mr Harris okay any anything<01:24:30.800>further <01:24:31.120>from <01:24:31.280>the 01:24:32.830 --> 01:24:32.840 align:start position:0% anything further from the 01:24:32.840 --> 01:24:35.110 align:start position:0% anything further from the board<01:24:33.840>uh <01:24:34.120>the <01:24:34.199>board <01:24:34.400>will <01:24:34.560>entertain <01:24:34.960>a 01:24:35.110 --> 01:24:35.120 align:start position:0% board uh the board will entertain a 01:24:35.120 --> 01:24:42.310 align:start position:0% board uh the board will entertain a motion<01:24:35.719>relative <01:24:36.159>to <01:24:36.440>this 01:24:42.310 --> 01:24:42.320 align:start position:0% 01:24:42.320 --> 01:24:45.590 align:start position:0% item<01:24:43.320>okay <01:24:43.960>M <01:24:44.159>Gil <01:24:44.520>would <01:24:44.679>you <01:24:44.920>PLL <01:24:45.199>the <01:24:45.280>board 01:24:45.590 --> 01:24:45.600 align:start position:0% item okay M Gil would you PLL the board 01:24:45.600 --> 01:24:49.950 align:start position:0% item okay M Gil would you PLL the board please<01:24:46.159>Mrs <01:24:46.480>quillin <01:24:47.280>yes <01:24:47.760>Mrs <01:24:48.080>S <01:24:48.920>yes <01:24:49.600>Mr 01:24:49.950 --> 01:24:49.960 align:start position:0% please Mrs quillin yes Mrs S yes Mr 01:24:49.960 --> 01:24:55.189 align:start position:0% please Mrs quillin yes Mrs S yes Mr Harris<01:24:50.880>yes <01:24:51.280>Mr <01:24:51.600>Jansen <01:24:52.679>yes <01:24:53.239>Mr <01:24:53.639>Cochran <01:24:54.639>yes 01:24:55.189 --> 01:24:55.199 align:start position:0% Harris yes Mr Jansen yes Mr Cochran yes 01:24:55.199 --> 01:24:56.270 align:start position:0% Harris yes Mr Jansen yes Mr Cochran yes Mr 01:24:56.270 --> 01:24:56.280 align:start position:0% Mr 01:24:56.280 --> 01:25:01.590 align:start position:0% Mr pther<01:24:57.280>yes <01:24:58.159>Mr <01:24:58.880>Ratt 01:25:01.590 --> 01:25:01.600 align:start position:0% pther yes Mr Ratt 01:25:01.600 --> 01:25:06.430 align:start position:0% pther yes Mr Ratt Iain<01:25:02.600>okay <01:25:03.040>the <01:25:04.000>petition <01:25:04.600>is <01:25:05.159>uh <01:25:05.440>approved 01:25:06.430 --> 01:25:06.440 align:start position:0% Iain okay the petition is uh approved 01:25:06.440 --> 01:25:09.629 align:start position:0% Iain okay the petition is uh approved thank<01:25:06.600>you <01:25:06.760>Mr <01:25:07.480>chairman <01:25:08.480>thank <01:25:08.679>you <01:25:09.239>and <01:25:09.480>I 01:25:09.629 --> 01:25:09.639 align:start position:0% thank you Mr chairman thank you and I 01:25:09.639 --> 01:25:14.189 align:start position:0% thank you Mr chairman thank you and I believe<01:25:10.119>that's <01:25:10.800>it <01:25:11.119>for <01:25:11.600>our <01:25:12.159>agenda <01:25:12.679>for <01:25:13.199>the 01:25:14.189 --> 01:25:14.199 align:start position:0% believe that's it for our agenda for the 01:25:14.199 --> 01:25:14.910 align:start position:0% believe that's it for our agenda for the uh 01:25:14.910 --> 01:25:14.920 align:start position:0% uh 01:25:14.920 --> 01:25:18.510 align:start position:0% uh petitions<01:25:15.920>so <01:25:16.320>thanks <01:25:16.520>to <01:25:16.719>everyone <01:25:17.520>there 01:25:18.510 --> 01:25:18.520 align:start position:0% petitions so thanks to everyone there 01:25:18.520 --> 01:25:21.629 align:start position:0% petitions so thanks to everyone there okay<01:25:19.040>the <01:25:20.040>let <01:25:20.159>me <01:25:20.760>make <01:25:21.000>just <01:25:21.159>a <01:25:21.280>couple <01:25:21.480>of 01:25:21.629 --> 01:25:21.639 align:start position:0% okay the let me make just a couple of 01:25:21.639 --> 01:25:22.990 align:start position:0% okay the let me make just a couple of notes 01:25:22.990 --> 01:25:23.000 align:start position:0% notes 01:25:23.000 --> 01:25:24.550 align:start position:0% notes okay<01:25:23.239>the <01:25:23.400>next <01:25:23.639>item <01:25:23.960>the <01:25:24.040>board <01:25:24.320>will 01:25:24.550 --> 01:25:24.560 align:start position:0% okay the next item the board will 01:25:24.560 --> 01:25:27.030 align:start position:0% okay the next item the board will receive<01:25:24.920>an <01:25:25.400>update <01:25:26.400>uh <01:25:26.520>of <01:25:26.639>board <01:25:26.840>and 01:25:27.030 --> 01:25:27.040 align:start position:0% receive an update uh of board and 01:25:27.040 --> 01:25:33.470 align:start position:0% receive an update uh of board and division<01:25:27.520>activities <01:25:28.159>from <01:25:28.400>the 01:25:33.470 --> 01:25:33.480 align:start position:0% 01:25:33.480 --> 01:25:36.470 align:start position:0% staff<01:25:34.480>we <01:25:34.639>have <01:25:34.800>not <01:25:35.080>had <01:25:35.280>any <01:25:35.920>petitions 01:25:36.470 --> 01:25:36.480 align:start position:0% staff we have not had any petitions 01:25:36.480 --> 01:25:38.870 align:start position:0% staff we have not had any petitions submitted<01:25:36.960>for <01:25:37.080>the <01:25:37.239>March <01:25:37.600>hearing <01:25:38.480>so <01:25:38.760>we 01:25:38.870 --> 01:25:38.880 align:start position:0% submitted for the March hearing so we 01:25:38.880 --> 01:25:40.830 align:start position:0% submitted for the March hearing so we won't<01:25:39.199>have <01:25:39.360>a <01:25:39.560>March 01:25:40.830 --> 01:25:40.840 align:start position:0% won't have a March 01:25:40.840 --> 01:25:44.550 align:start position:0% won't have a March meeting<01:25:41.840>and <01:25:42.080>I <01:25:42.239>also <01:25:42.520>want <01:25:42.719>to <01:25:42.920>mention <01:25:43.679>that 01:25:44.550 --> 01:25:44.560 align:start position:0% meeting and I also want to mention that 01:25:44.560 --> 01:25:47.709 align:start position:0% meeting and I also want to mention that um<01:25:45.560>the <01:25:45.800>October <01:25:46.400>board <01:25:46.719>date <01:25:47.040>is <01:25:47.239>now <01:25:47.600>going 01:25:47.709 --> 01:25:47.719 align:start position:0% um the October board date is now going 01:25:47.719 --> 01:25:50.390 align:start position:0% um the October board date is now going to<01:25:47.880>be <01:25:48.040>on <01:25:48.239>October <01:25:48.639>the <01:25:48.880>22nd <01:25:49.880>instead <01:25:50.199>of 01:25:50.390 --> 01:25:50.400 align:start position:0% to be on October the 22nd instead of 01:25:50.400 --> 01:25:52.870 align:start position:0% to be on October the 22nd instead of October<01:25:50.880>the <01:25:51.280>15th 01:25:52.870 --> 01:25:52.880 align:start position:0% October the 15th 01:25:52.880 --> 01:25:55.950 align:start position:0% October the 15th we<01:25:53.040>had <01:25:53.280>another <01:25:53.800>meeting <01:25:54.800>um <01:25:55.000>out <01:25:55.159>of 01:25:55.950 --> 01:25:55.960 align:start position:0% we had another meeting um out of 01:25:55.960 --> 01:26:01.390 align:start position:0% we had another meeting um out of town<01:25:57.199>that <01:25:58.199>we <01:25:58.360>have <01:25:58.480>to <01:25:58.760>attend <01:25:59.560>R <01:25:59.880>and <01:26:00.080>I <01:26:00.440>and 01:26:01.390 --> 01:26:01.400 align:start position:0% town that we have to attend R and I and 01:26:01.400 --> 01:26:03.510 align:start position:0% town that we have to attend R and I and we're<01:26:01.600>just <01:26:01.719>going <01:26:01.840>to <01:26:01.960>move <01:26:02.320>that <01:26:02.520>to <01:26:03.080>October 01:26:03.510 --> 01:26:03.520 align:start position:0% we're just going to move that to October 01:26:03.520 --> 01:26:06.189 align:start position:0% we're just going to move that to October the<01:26:03.639>2 <01:26:04.440>if <01:26:04.600>that's <01:26:04.920>okay <01:26:05.159>with 01:26:06.189 --> 01:26:06.199 align:start position:0% the 2 if that's okay with 01:26:06.199 --> 01:26:08.109 align:start position:0% the 2 if that's okay with everybody<01:26:07.199>yeah 01:26:08.109 --> 01:26:08.119 align:start position:0% everybody yeah 01:26:08.119 --> 01:26:10.629 align:start position:0% everybody yeah but<01:26:09.119>fine <01:26:09.440>with <01:26:09.600>me <01:26:09.880>I <01:26:10.000>don't <01:26:10.199>know <01:26:10.400>about 01:26:10.629 --> 01:26:10.639 align:start position:0% but fine with me I don't know about 01:26:10.639 --> 01:26:15.910 align:start position:0% but fine with me I don't know about others<01:26:11.040>but <01:26:11.320>yeah <01:26:12.119>that's <01:26:13.119>that's <01:26:13.440>fine <01:26:14.920>y 01:26:15.910 --> 01:26:15.920 align:start position:0% others but yeah that's that's fine y 01:26:15.920 --> 01:26:17.310 align:start position:0% others but yeah that's that's fine y that's<01:26:16.119>all <01:26:16.400>I 01:26:17.310 --> 01:26:17.320 align:start position:0% that's all I 01:26:17.320 --> 01:26:19.270 align:start position:0% that's all I have 01:26:19.270 --> 01:26:19.280 align:start position:0% have 01:26:19.280 --> 01:26:23.750 align:start position:0% have okay<01:26:20.280>um <01:26:21.040>we'll <01:26:21.239>move <01:26:21.440>on <01:26:21.719>item <01:26:21.920>number <01:26:22.320>11 <01:26:22.920>the 01:26:23.750 --> 01:26:23.760 align:start position:0% okay um we'll move on item number 11 the 01:26:23.760 --> 01:26:27.310 align:start position:0% okay um we'll move on item number 11 the board<01:26:24.080>will <01:26:24.360>review <01:26:25.040>the <01:26:25.440>November <01:26:26.320>2023 01:26:27.310 --> 01:26:27.320 align:start position:0% board will review the November 2023 01:26:27.320 --> 01:26:30.030 align:start position:0% board will review the November 2023 minutes<01:26:28.320>for 01:26:30.030 --> 01:26:30.040 align:start position:0% minutes for 01:26:30.040 --> 01:26:33.950 align:start position:0% minutes for approval<01:26:31.040>any <01:26:31.360>discussion <01:26:32.040>about <01:26:32.320>the 01:26:33.950 --> 01:26:33.960 align:start position:0% approval any discussion about the 01:26:33.960 --> 01:26:36.189 align:start position:0% approval any discussion about the minutes<01:26:34.960>otherwise <01:26:35.400>we'll <01:26:35.639>entertain <01:26:36.040>a 01:26:36.189 --> 01:26:36.199 align:start position:0% minutes otherwise we'll entertain a 01:26:36.199 --> 01:26:38.270 align:start position:0% minutes otherwise we'll entertain a motion<01:26:36.600>relative <01:26:37.000>to <01:26:37.280>those 01:26:38.270 --> 01:26:38.280 align:start position:0% motion relative to those 01:26:38.280 --> 01:26:41.070 align:start position:0% motion relative to those minutes<01:26:39.280>motion <01:26:39.560>to 01:26:41.070 --> 01:26:41.080 align:start position:0% minutes motion to 01:26:41.080 --> 01:26:46.070 align:start position:0% minutes motion to approve<01:26:42.440>second <01:26:43.440>okay <01:26:44.320>uh <01:26:45.320>any <01:26:45.600>discussion 01:26:46.070 --> 01:26:46.080 align:start position:0% approve second okay uh any discussion 01:26:46.080 --> 01:26:47.229 align:start position:0% approve second okay uh any discussion about 01:26:47.229 --> 01:26:47.239 align:start position:0% about 01:26:47.239 --> 01:26:50.629 align:start position:0% about that<01:26:48.239>all <01:26:48.440>in <01:26:48.639>favor <01:26:49.199>say 01:26:50.629 --> 01:26:50.639 align:start position:0% that all in favor say 01:26:50.639 --> 01:26:54.189 align:start position:0% that all in favor say yes<01:26:51.639>opposed <01:26:52.639>uh 01:26:54.189 --> 01:26:54.199 align:start position:0% yes opposed uh 01:26:54.199 --> 01:26:58.189 align:start position:0% yes opposed uh no<01:26:55.199>fine <01:26:55.520>those <01:26:55.719>minutes <01:26:56.080>are 01:26:58.189 --> 01:26:58.199 align:start position:0% no fine those minutes are 01:26:58.199 --> 01:27:02.390 align:start position:0% no fine those minutes are approved<01:26:59.199>okay <01:27:00.040>uh <01:27:00.520>item <01:27:00.840>number <01:27:01.159>12 <01:27:02.080>uh <01:27:02.280>the 01:27:02.390 --> 01:27:02.400 align:start position:0% approved okay uh item number 12 uh the 01:27:02.400 --> 01:27:06.189 align:start position:0% approved okay uh item number 12 uh the board<01:27:02.880>will <01:27:03.159>have <01:27:03.280>a <01:27:03.679>close <01:27:04.679>session <01:27:05.199>meeting 01:27:06.189 --> 01:27:06.199 align:start position:0% board will have a close session meeting 01:27:06.199 --> 01:27:08.149 align:start position:0% board will have a close session meeting as<01:27:06.440>directed <01:27:06.960>by <01:27:07.199>the <01:27:07.360>Assistant <01:27:07.760>Attorney 01:27:08.149 --> 01:27:08.159 align:start position:0% as directed by the Assistant Attorney 01:27:08.159 --> 01:27:12.229 align:start position:0% as directed by the Assistant Attorney General<01:27:08.520>Jackson <01:27:09.280>Brown <01:27:10.440>uh <01:27:11.440>Mr <01:27:11.679>Brown <01:27:12.000>do <01:27:12.080>you 01:27:12.229 --> 01:27:12.239 align:start position:0% General Jackson Brown uh Mr Brown do you 01:27:12.239 --> 01:27:15.350 align:start position:0% General Jackson Brown uh Mr Brown do you need<01:27:12.480>to <01:27:13.400>uh <01:27:13.880>initiate <01:27:14.440>that <01:27:14.679>discussion <01:27:15.159>or 01:27:15.350 --> 01:27:15.360 align:start position:0% need to uh initiate that discussion or 01:27:15.360 --> 01:27:17.990 align:start position:0% need to uh initiate that discussion or how<01:27:15.480>do <01:27:15.600>we <01:27:15.760>need <01:27:16.199>to <01:27:17.199>do <01:27:17.360>we <01:27:17.480>need <01:27:17.600>to <01:27:17.760>have <01:27:17.840>a 01:27:17.990 --> 01:27:18.000 align:start position:0% how do we need to do we need to have a 01:27:18.000 --> 01:27:19.910 align:start position:0% how do we need to do we need to have a motion<01:27:18.239>to <01:27:18.360>go <01:27:18.480>into <01:27:18.760>Clos <01:27:19.080>session <01:27:19.440>I <01:27:19.560>believe 01:27:19.910 --> 01:27:19.920 align:start position:0% motion to go into Clos session I believe 01:27:19.920 --> 01:27:22.470 align:start position:0% motion to go into Clos session I believe we<01:27:20.040>do <01:27:20.280>don't <01:27:20.600>we <01:27:21.600>yes <01:27:21.760>we <01:27:21.880>do <01:27:21.960>need <01:27:22.239>a <01:27:22.320>motion 01:27:22.470 --> 01:27:22.480 align:start position:0% we do don't we yes we do need a motion 01:27:22.480 --> 01:27:24.270 align:start position:0% we do don't we yes we do need a motion to<01:27:22.560>go <01:27:22.679>into <01:27:22.760>the <01:27:22.880>Clos <01:27:23.159>session <01:27:23.880>okay <01:27:24.080>I'll 01:27:24.270 --> 01:27:24.280 align:start position:0% to go into the Clos session okay I'll 01:27:24.280 --> 01:27:28.189 align:start position:0% to go into the Clos session okay I'll entertain<01:27:24.800>that 01:27:28.189 --> 01:27:28.199 align:start position:0% 01:27:28.199 --> 01:27:31.149 align:start position:0% motion<01:27:29.199>I <01:27:29.360>make <01:27:29.520>the <01:27:29.639>motion <01:27:29.920>that <01:27:30.080>we <01:27:30.560>uh <01:27:30.880>move 01:27:31.149 --> 01:27:31.159 align:start position:0% motion I make the motion that we uh move 01:27:31.159 --> 01:27:32.830 align:start position:0% motion I make the motion that we uh move to<01:27:31.360>a <01:27:31.520>closed 01:27:32.830 --> 01:27:32.840 align:start position:0% to a closed 01:27:32.840 --> 01:27:36.990 align:start position:0% to a closed session<01:27:33.840>oh <01:27:34.119>okay <01:27:34.360>someone <01:27:35.239>is <01:27:36.239>hang 01:27:36.990 --> 01:27:37.000 align:start position:0% session oh okay someone is hang 01:27:37.000 --> 01:27:39.310 align:start position:0% session oh okay someone is hang on<01:27:38.000>uh <01:27:38.239>sorry <01:27:38.480>I <01:27:38.520>was <01:27:38.639>trying <01:27:38.840>to <01:27:38.920>speak <01:27:39.119>but <01:27:39.239>I 01:27:39.310 --> 01:27:39.320 align:start position:0% on uh sorry I was trying to speak but I 01:27:39.320 --> 01:27:41.430 align:start position:0% on uh sorry I was trying to speak but I was<01:27:39.480>muted <01:27:39.840>we <01:27:40.000>have <01:27:40.119>a <01:27:40.480>resolution <01:27:41.080>to <01:27:41.239>go 01:27:41.430 --> 01:27:41.440 align:start position:0% was muted we have a resolution to go 01:27:41.440 --> 01:27:43.709 align:start position:0% was muted we have a resolution to go into<01:27:41.760>close <01:27:42.119>session <01:27:43.040>so <01:27:43.159>if <01:27:43.280>we <01:27:43.400>could <01:27:43.520>just 01:27:43.709 --> 01:27:43.719 align:start position:0% into close session so if we could just 01:27:43.719 --> 01:27:45.550 align:start position:0% into close session so if we could just make<01:27:43.840>sure <01:27:44.119>that <01:27:44.280>we <01:27:44.480>read <01:27:44.840>through <01:27:45.239>that 01:27:45.550 --> 01:27:45.560 align:start position:0% make sure that we read through that 01:27:45.560 --> 01:27:48.669 align:start position:0% make sure that we read through that resolution<01:27:46.400>and <01:27:46.600>adopt <01:27:47.040>that <01:27:47.679>resolution 01:27:48.669 --> 01:27:48.679 align:start position:0% resolution and adopt that resolution 01:27:48.679 --> 01:27:50.790 align:start position:0% resolution and adopt that resolution okay 01:27:50.790 --> 01:27:50.800 align:start position:0% okay 01:27:50.800 --> 01:27:54.310 align:start position:0% okay and<01:27:51.800>uh <01:27:52.199>and <01:27:52.520>Eric <01:27:53.119>this <01:27:53.280>is <01:27:53.480>Sarah <01:27:54.040>when <01:27:54.239>do 01:27:54.310 --> 01:27:54.320 align:start position:0% and uh and Eric this is Sarah when do 01:27:54.320 --> 01:27:56.750 align:start position:0% and uh and Eric this is Sarah when do you<01:27:54.440>want <01:27:54.560>me <01:27:54.719>to <01:27:55.000>switch <01:27:55.360>under <01:27:55.679>to <01:27:55.880>the <01:27:56.560>to 01:27:56.750 --> 01:27:56.760 align:start position:0% you want me to switch under to the to 01:27:56.760 --> 01:27:59.709 align:start position:0% you want me to switch under to the to the<01:27:56.960>close <01:27:57.320>session <01:27:57.840>meeting <01:27:58.840>only <01:27:59.360>after 01:27:59.709 --> 01:27:59.719 align:start position:0% the close session meeting only after 01:27:59.719 --> 01:28:03.709 align:start position:0% the close session meeting only after we've<01:28:00.000>adopted <01:28:00.520>that <01:28:00.840>resolution 01:28:03.709 --> 01:28:03.719 align:start position:0% we've adopted that resolution 01:28:03.719 --> 01:28:05.990 align:start position:0% we've adopted that resolution okay<01:28:04.719>okay <01:28:04.960>now <01:28:05.119>I <01:28:05.199>don't <01:28:05.480>have <01:28:05.719>that 01:28:05.990 --> 01:28:06.000 align:start position:0% okay okay now I don't have that 01:28:06.000 --> 01:28:10.470 align:start position:0% okay okay now I don't have that resolution<01:28:06.560>I <01:28:06.639>think <01:28:07.040>uh <01:28:07.199>a <01:28:07.320>month <01:28:07.520>ago <01:28:07.760>we 01:28:10.470 --> 01:28:10.480 align:start position:0% 01:28:10.480 --> 01:28:14.149 align:start position:0% were 01:28:14.149 --> 01:28:14.159 align:start position:0% 01:28:14.159 --> 01:28:16.470 align:start position:0% so<01:28:15.159>okay <01:28:15.400>Jackson <01:28:15.719>do <01:28:15.800>you <01:28:15.880>have <01:28:16.000>a <01:28:16.159>copy <01:28:16.360>of 01:28:16.470 --> 01:28:16.480 align:start position:0% so okay Jackson do you have a copy of 01:28:16.480 --> 01:28:17.910 align:start position:0% so okay Jackson do you have a copy of the<01:28:16.560>resolution <01:28:17.199>yeah <01:28:17.280>I <01:28:17.360>have <01:28:17.480>a <01:28:17.600>copy <01:28:17.800>do <01:28:17.840>you 01:28:17.910 --> 01:28:17.920 align:start position:0% the resolution yeah I have a copy do you 01:28:17.920 --> 01:28:19.830 align:start position:0% the resolution yeah I have a copy do you want<01:28:18.000>me <01:28:18.080>to <01:28:18.280>circulate <01:28:18.639>it <01:28:18.760>to <01:28:18.920>Sarah <01:28:19.600>real 01:28:19.830 --> 01:28:19.840 align:start position:0% want me to circulate it to Sarah real 01:28:19.840 --> 01:28:21.669 align:start position:0% want me to circulate it to Sarah real quick<01:28:20.239>sure <01:28:20.639>and <01:28:20.760>you <01:28:20.840>can <01:28:21.000>just <01:28:21.159>read <01:28:21.320>it <01:28:21.480>out 01:28:21.669 --> 01:28:21.679 align:start position:0% quick sure and you can just read it out 01:28:21.679 --> 01:28:23.750 align:start position:0% quick sure and you can just read it out loud<01:28:22.159>that <01:28:22.280>will <01:28:22.560>that <01:28:22.679>will <01:28:22.880>also <01:28:23.480>be 01:28:23.750 --> 01:28:23.760 align:start position:0% loud that will that will also be 01:28:23.760 --> 01:28:25.350 align:start position:0% loud that will that will also be sufficient<01:28:24.239>I'll <01:28:24.400>just <01:28:24.560>read <01:28:24.960>I'll <01:28:25.080>read <01:28:25.239>it 01:28:25.350 --> 01:28:25.360 align:start position:0% sufficient I'll just read I'll read it 01:28:25.360 --> 01:28:26.510 align:start position:0% sufficient I'll just read I'll read it out<01:28:25.560>loud 01:28:26.510 --> 01:28:26.520 align:start position:0% out loud 01:28:26.520 --> 01:28:29.709 align:start position:0% out loud so<01:28:27.520>the <01:28:27.679>Virginia <01:28:28.600>Gas <01:28:28.800>and <01:28:28.960>Oil <01:28:29.159>board <01:28:29.360>hereby 01:28:29.709 --> 01:28:29.719 align:start position:0% so the Virginia Gas and Oil board hereby 01:28:29.719 --> 01:28:31.390 align:start position:0% so the Virginia Gas and Oil board hereby resolves<01:28:30.159>to <01:28:30.400>discuss <01:28:30.760>the <01:28:30.960>following 01:28:31.390 --> 01:28:31.400 align:start position:0% resolves to discuss the following 01:28:31.400 --> 01:28:33.590 align:start position:0% resolves to discuss the following subject<01:28:31.800>matter <01:28:32.239>in <01:28:32.480>Clos <01:28:32.840>session <01:28:33.480>this 01:28:33.590 --> 01:28:33.600 align:start position:0% subject matter in Clos session this 01:28:33.600 --> 01:28:35.109 align:start position:0% subject matter in Clos session this meeting<01:28:33.880>will <01:28:34.040>be <01:28:34.199>a <01:28:34.400>consultation <01:28:34.920>on 01:28:35.109 --> 01:28:35.119 align:start position:0% meeting will be a consultation on 01:28:35.119 --> 01:28:37.149 align:start position:0% meeting will be a consultation on changes<01:28:35.440>to <01:28:35.639>a <01:28:35.800>draft <01:28:36.119>regulation <01:28:36.719>regarding 01:28:37.149 --> 01:28:37.159 align:start position:0% changes to a draft regulation regarding 01:28:37.159 --> 01:28:39.350 align:start position:0% changes to a draft regulation regarding the<01:28:37.320>appropriate <01:28:37.880>procedure <01:28:38.880>when <01:28:39.040>the <01:28:39.159>board 01:28:39.350 --> 01:28:39.360 align:start position:0% the appropriate procedure when the board 01:28:39.360 --> 01:28:40.830 align:start position:0% the appropriate procedure when the board is<01:28:39.480>required <01:28:39.840>to <01:28:39.960>put <01:28:40.119>funds <01:28:40.440>for <01:28:40.639>an 01:28:40.830 --> 01:28:40.840 align:start position:0% is required to put funds for an 01:28:40.840 --> 01:28:44.030 align:start position:0% is required to put funds for an unidentifiable<01:28:41.800>or <01:28:42.000>unlocatable <01:28:42.760>party <01:28:43.080>in 01:28:44.030 --> 01:28:44.040 align:start position:0% unidentifiable or unlocatable party in 01:28:44.040 --> 01:28:46.470 align:start position:0% unidentifiable or unlocatable party in escrow<01:28:45.040>this <01:28:45.320>subject <01:28:45.639>matter <01:28:45.880>is <01:28:46.040>Exempted 01:28:46.470 --> 01:28:46.480 align:start position:0% escrow this subject matter is Exempted 01:28:46.480 --> 01:28:49.750 align:start position:0% escrow this subject matter is Exempted from<01:28:46.880>open <01:28:47.159>meeting <01:28:47.520>requirements <01:28:48.280>under <01:28:48.760>the 01:28:49.750 --> 01:28:49.760 align:start position:0% from open meeting requirements under the 01:28:49.760 --> 01:28:51.590 align:start position:0% from open meeting requirements under the following<01:28:50.199>provisions <01:28:50.560>of <01:28:50.760>the <01:28:51.040>Virginia 01:28:51.590 --> 01:28:51.600 align:start position:0% following provisions of the Virginia 01:28:51.600 --> 01:28:53.550 align:start position:0% following provisions of the Virginia freedom<01:28:51.880>of <01:28:52.040>of <01:28:52.159>Information <01:28:52.639>Act <01:28:53.440>which 01:28:53.550 --> 01:28:53.560 align:start position:0% freedom of of Information Act which 01:28:53.560 --> 01:28:58.390 align:start position:0% freedom of of Information Act which would<01:28:53.800>be <01:28:54.080>Virginia <01:28:54.639>code 01:28:58.390 --> 01:28:58.400 align:start position:0% 01:28:58.400 --> 01:29:01.430 align:start position:0% 2.2-cu<01:28:59.400>with <01:29:00.040>legal <01:29:00.400>council <01:29:00.840>employed <01:29:01.280>or 01:29:01.430 --> 01:29:01.440 align:start position:0% 2.2-cu with legal council employed or 01:29:01.440 --> 01:29:03.270 align:start position:0% 2.2-cu with legal council employed or attained<01:29:01.880>by <01:29:02.000>a <01:29:02.159>public <01:29:02.440>body <01:29:02.760>regarding 01:29:03.270 --> 01:29:03.280 align:start position:0% attained by a public body regarding 01:29:03.280 --> 01:29:05.350 align:start position:0% attained by a public body regarding specific<01:29:03.719>legal <01:29:04.040>matters <01:29:04.800>requiring <01:29:05.239>the 01:29:05.350 --> 01:29:05.360 align:start position:0% specific legal matters requiring the 01:29:05.360 --> 01:29:08.109 align:start position:0% specific legal matters requiring the provision<01:29:05.840>of <01:29:06.000>legal <01:29:06.320>advice <01:29:06.679>by <01:29:06.920>such 01:29:08.109 --> 01:29:08.119 align:start position:0% provision of legal advice by such 01:29:08.119 --> 01:29:10.910 align:start position:0% provision of legal advice by such councel<01:29:09.119>okay <01:29:09.639>Mr <01:29:09.920>Jansen <01:29:10.320>I <01:29:10.400>know <01:29:10.520>you <01:29:10.639>made <01:29:10.800>a 01:29:10.910 --> 01:29:10.920 align:start position:0% councel okay Mr Jansen I know you made a 01:29:10.920 --> 01:29:12.510 align:start position:0% councel okay Mr Jansen I know you made a motion<01:29:11.239>earlier <01:29:11.639>that <01:29:11.760>we <01:29:11.920>go <01:29:12.040>into <01:29:12.239>Clos 01:29:12.510 --> 01:29:12.520 align:start position:0% motion earlier that we go into Clos 01:29:12.520 --> 01:29:15.149 align:start position:0% motion earlier that we go into Clos session<01:29:12.880>would <01:29:13.040>you <01:29:13.960>modify <01:29:14.440>your <01:29:14.600>motion <01:29:14.920>to 01:29:15.149 --> 01:29:15.159 align:start position:0% session would you modify your motion to 01:29:15.159 --> 01:29:17.149 align:start position:0% session would you modify your motion to adopt<01:29:15.520>that <01:29:15.679>resolution <01:29:16.320>to <01:29:16.480>go <01:29:16.600>into <01:29:16.840>close 01:29:17.149 --> 01:29:17.159 align:start position:0% adopt that resolution to go into close 01:29:17.159 --> 01:29:19.870 align:start position:0% adopt that resolution to go into close session<01:29:17.840>yes <01:29:18.040>I'll <01:29:18.560>modify <01:29:19.080>that <01:29:19.199>to <01:29:19.600>accept 01:29:19.870 --> 01:29:19.880 align:start position:0% session yes I'll modify that to accept 01:29:19.880 --> 01:29:21.470 align:start position:0% session yes I'll modify that to accept the<01:29:20.040>resolution <01:29:20.679>that <01:29:20.800>we <01:29:20.960>just <01:29:21.080>read <01:29:21.280>into 01:29:21.470 --> 01:29:21.480 align:start position:0% the resolution that we just read into 01:29:21.480 --> 01:29:23.990 align:start position:0% the resolution that we just read into the<01:29:21.600>record <01:29:22.239>fine <01:29:22.520>is <01:29:22.639>that <01:29:23.000>appropriate 01:29:23.990 --> 01:29:24.000 align:start position:0% the record fine is that appropriate 01:29:24.000 --> 01:29:27.350 align:start position:0% the record fine is that appropriate folks<01:29:25.000>with <01:29:25.199>the <01:29:25.400>appropriate 01:29:27.350 --> 01:29:27.360 align:start position:0% folks with the appropriate 01:29:27.360 --> 01:29:30.350 align:start position:0% folks with the appropriate second<01:29:28.360>do <01:29:28.480>we <01:29:28.600>have <01:29:28.679>an <01:29:28.840>appropriate 01:29:30.350 --> 01:29:30.360 align:start position:0% second do we have an appropriate 01:29:30.360 --> 01:29:34.350 align:start position:0% second do we have an appropriate second<01:29:31.360>fine <01:29:31.639>we <01:29:31.760>do <01:29:32.360>all <01:29:32.520>in <01:29:32.679>favor <01:29:32.960>of <01:29:33.360>that 01:29:34.350 --> 01:29:34.360 align:start position:0% second fine we do all in favor of that 01:29:34.360 --> 01:29:40.430 align:start position:0% second fine we do all in favor of that say<01:29:35.080>yes <01:29:36.080>opposed <01:29:36.880>yes <01:29:37.159>no <01:29:37.760>by <01:29:38.639>so <01:29:39.440>uh <01:29:39.920>the 01:29:40.430 --> 01:29:40.440 align:start position:0% say yes opposed yes no by so uh the 01:29:40.440 --> 01:29:43.950 align:start position:0% say yes opposed yes no by so uh the board<01:29:40.800>will <01:29:41.080>move <01:29:41.480>into <01:29:42.119>a <01:29:42.639>closed <01:29:43.040>session 01:29:43.950 --> 01:29:43.960 align:start position:0% board will move into a closed session 01:29:43.960 --> 01:29:46.709 align:start position:0% board will move into a closed session and<01:29:44.199>I <01:29:44.360>think <01:29:44.560>at <01:29:44.760>this <01:29:44.920>time <01:29:45.080>do <01:29:45.239>we <01:29:45.400>close <01:29:45.679>out 01:29:46.709 --> 01:29:46.719 align:start position:0% and I think at this time do we close out 01:29:46.719 --> 01:29:50.350 align:start position:0% and I think at this time do we close out the<01:29:47.719>uh <01:29:48.199>standard <01:29:48.719>board 01:29:50.350 --> 01:29:50.360 align:start position:0% the uh standard board 01:29:50.360 --> 01:29:53.669 align:start position:0% the uh standard board meeting<01:29:51.360>and <01:29:51.480>the <01:29:51.600>record <01:29:52.000>boing <01:29:52.719>thereof <01:29:53.520>and 01:29:53.669 --> 01:29:53.679 align:start position:0% meeting and the record boing thereof and 01:29:53.679 --> 01:29:57.149 align:start position:0% meeting and the record boing thereof and then<01:29:53.880>we <01:29:54.159>enter <01:29:55.159>okay <01:29:55.400>so <01:29:56.119>the <01:29:56.480>standard <01:29:56.880>board 01:29:57.149 --> 01:29:57.159 align:start position:0% then we enter okay so the standard board 01:29:57.159 --> 01:30:05.950 align:start position:0% then we enter okay so the standard board meeting<01:29:57.679>is <01:29:58.199>now 01:30:05.950 --> 01:30:05.960 align:start position:0% 01:30:05.960 --> 01:30:08.960 align:start position:0% closed