Mark Swartz: And, have you also provided the Escrow Agent and the Board with the mailing address for those people and companies? Anita Duty: Yes. Mark Swartz: And, when the Escrow makes the payment, if the Board approves this application, the Escrow Agent should use the percentage stated in the second column from the right. Correct? Anita Duty: Yes. Mark Swartz: Multiply that times the balance on hand in the escrow account? Anita Duty: Yes. Mark Swartz: And, that will generate the appropriate dollar amount to be sent to each person or company? It will. Anita Duty: Mark Swartz: Okay. At the bottom of the second page, you've identified the contributing well? Anita Duty: T36 Right. Then, we've got a revised Exhibit E, which would be the new list of Mark Swartz: people requiring escrow. Anita Duty: Yes. Mark Swartz: And, you've also provided, I'm assuming, an Exhibit EE, which would be the payments going forward? Yes. Anita Duty: Mark Swartz: Then, we have an Exhibit J, which is your attempt to reconcile deposits and payments. Correct? Anita Duty: Yes. And, on Exhibit J, did you, as a step, attempt to identify all royalty Mark Swartz: payments that the operator made into the escrow account? Anita Duty: Yes. Mark Swartz: And, then, did you look for a corresponding deposit? We did. Anita Duty:
Mark Swartz: And, have you also provided the Escrow Agent and the Board with the mailing address for those people and companies? Anita Duty: Yes. Mark Swartz: And, when the Escrow makes the payment, if the Board approves this application, the Escrow Agent should use the percentage stated in the second column from the right. Correct? Anita Duty: Yes. Mark Swartz: Multiply that times the balance on hand in the escrow account? Anita Duty: Yes. Mark Swartz: And, that will generate the appropriate dollar amount to be sent to each person or company? Anita Duty: It will. Mark Swartz: Okay. At the bottom of the second page, you've identified the contributing well? Anita Duty: T36 Mark Swartz: Right. Then, we've got a revised Exhibit E, which would be the new list of people requiring escrow. Anita Duty: Yes. Mark Swartz: And, you've also provided, I'm assuming, an Exhibit EE, which would be the payments going forward? Anita Duty: Yes. Mark Swartz: Then, we have an Exhibit J, which is your attempt to reconcile deposits and payments. Correct? Anita Duty: Yes. Mark Swartz: And, on Exhibit J, did you, as a step, attempt to identify all royalty payments that the operator made into the escrow account? Anita Duty: Yes. Mark Swartz: And, then, did you look for a corresponding deposit? Anita Duty: We did.
OctoberTranscript2017Final.docx