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Edgar Filing: TIDELANDS OIL & GAS CORP/WA - Form 10-K - page 21 / 83

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Edgar Filing: TIDELANDS OIL & GAS CORP/WA - Form 10-K

District action

Cause No. GN 501625 Senna Hills, involves the developer of the Senna

Ltd. vs Sonterra

Hills

Subdivision

Energy Corp.

This

in

Travis

County,

Texas

and

the

propane

distribution

system

originally

constructed

by

Southern

Union Company. concerning the

Southern Union entered into a construction and operation of

letter

agreement with Senna Hills

a

propane

distribution

system

in

the subdivi assigned the Inc., the p interest in Hills is cla and easemen alleges that acquired ri effective, f Sonterra's r

sion

to

be

owned

a

letter

agreement

arent

company of

the propane

system

iming

that

Sonter

t use

fees

under t

Sonterra's actio ghts in the propane or breach of contra ights in the propan

nd operated by and its interest Oneok Propane from Oneok Propa

ra

has failed o

he

terms of the

ns

cause a failu

system or alt ct. Senna Hills e distribution s

Southern Union. Southern Union s in the propane system to Oneok, Company. Sonterra acquired its ne Distribution Company. Senna r refused to pay Senna Hills rent

letter

agreement.

Senna

Hills

re of the ernatively,

assignment whereby if the assignment

it is

seeks

to

have

the

court

terminate

ystem,

award

unspecified

monetary

damages, and cancellation of the contract distribution system, issue to Senna Hills and attorneys fees.

and rights associated with the propane a writ of possession for the property,

Senna Hills new owner. system into

sold certain

undeveloped

sections of Senna Hills

Subdivision to a

Sonterra believes such undeveloped

that it has sections of

the the

right to expand its

distribution

subdivision.

Sonterra

plans

to

expand the new owner. Sonterra's

distribution

system into these sections under an agreement with the

Senna Hills has stated that expansion of the system at

although it is not presently objecting to this time, it is reserving its claim that

Sonterra

does not have the right to do

to cancel

Sonterra's

system,

including

the

right system

to in

use the

and new

so and that

it

intends to

ask the court

possession

of

the propane

distribution

sections of

the

subdivision.

Senna

Hills

has amended the letter agreement.

its complaint adding claims for

agreement

and

a

developer's

mutual bonus

mistake and reformation as to

under

terms

of

the

letter

Sonterra is defending the legal action.

It believes that under the terms of the

letter agreement easement use fees

between

Senna Hills and

terminated

when

Southern

Southern Union Company, that the Union conveyed its interest in the

propane distribution system to Oneok Propane Company.

Matter No. 4:

On April 7, 2005, Goodson Builders,

Ltd. named Sonterra Energy Corporation in a

legal action Engineering,

titled, Goodson Builders,

Ltd, Plaintiff vs. Jim Blackwell and BNC

LLC,

Defendants.

The

legal

action

is

in

the

District

Court

of

  • -

    18-

Travis Co

unty, Texas 34

claim tha

t an undergrou

lines is

situated on the

Travis C

ounty, Texas.

setting f

orth the rights

tank and

lines. However,

the plat

document. Pla

permissio

n and the use

court to

determine that

5th

Judicial

D

nd

propane

st

Plaintiff's Plaintiff all and obligatio

there intiff

is refe alleges

exemplary

damages,

and

a

ttorneys'

fees.

declare use of

$165,000 damages

t P

based on a mark

for

depreciati

constitutes a his lot is not ipment the prop

he propane

equ

laintiff's

lan

d,

and award

et

rental rate

on

of the valu

istrict.

This

orage tank

and

lot in the

Hill

eges that

ther

ns of the

part

rence to a

"sub

that the

prop

n on-going

tre

subject to

a "s

erty of plainti damages. The P he claims to be e of the lot,

Sonterra is de

legal action arises from a

underground

distribution

s of Lakeway

subdivision,

e is no re ies for us urban prop erty is be spass. Pl uburban pr ff, enjoi laintiff

$5,000 pe an unspec fending th

corded easement e of the propane ane easement" on ing used without aintiff asks the opane easement", n Sonterra from seeks damages of r month, $50,000

ified amount e claims.

of

ITEM 4.

SUBMISSION OF MATTERS

TO A VOTE OF

SECURITY HOLDERS

-------------------------------------------------------------

21

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