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Tel Offshore Trust Message Board

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  • rjcogburn64 rjcogburn64 Jul 10, 2008 1:46 PM Flag

    Something to consider!

    regarding insurance...suggest you call the trustee and inquire...

    Mr. Mike Ulrich ,
    VP of JP Morgan Chase Bank - Corp. Trustee and Trust Officer of JP Morgan Chase Bank - Corp. Trustee

    512-236-6599 (I think)

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    • Just for the record. The insurance proceeds would help pay for replacing EI 339's platform that Chevron now says needs replacing. If the tubing leaks could be attributed to the storms, it would also help to offset that as well, thus significantly reducing the $14.5 million CAPEX they say they need from the trust and also increasing future distributions. Anyone agree with my logic out there?

 
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