Following a bench trial that took place on April 24, 2024, the 250th Judicial District Court of Travis County, Texas entered a Final Judgment in favor of BP America Production Company (BP). The lawsuit was one of several disputes between BP and Border to Border Exploration LLC, BBX Operating LLC (the Defendants), and other related entities. In this matter, the Defendants and a related entity entered into a Development Agreement with BP to perform seismic testing on approximately 6,500 acres owned by BP in Jasper County, Texas in exchange for a drilling credit of $200 per acre. The credits were never used because no wells were drilled by the Defendants. However, the Defendants refused to repay the unused credits, as was required by the agreement, and attempted to limit any payment obligation to a related entity that had declared bankruptcy and therefore could not be a party to this lawsuit. The Honorable Judge Amy Clark Meachum entered judgment in favor of BP on May 2, 2024 and awarded actual damages of $1,302,622 against the Defendants, jointly and severally, as well as pre-judgment interest bringing the total award to approximately $2 million.