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After listening to what the Debtor had to say, and concluding the defenses had no merit,

we filed a mineral lien on the leasehold, notifying all the mineral interest owners. Without
further opposition, the Debtor paid our Client in full to get the lien released.

FEE SHARING AND OTHER WAYS TO WIN

In the wake of an oil & gas company filing a bankruptcy in Delaware, our law firm was
hired by 19 different Clients to represent them as trade creditors. A big incentive to our

Clients was the opportunity to join in a fee-sharing arrangement where each claim would
be individually argued on its merits but the costs of representing the group would be shared

by each in proportion to the amount of its claim. In other words, as our Client, you could

benefit by all the hours spent researching the bankruptcy and dealing with the Debtor, the
Creditors’ Committee, the Trustee, and the other creditors who may claim others should

get paid before you; however, you might only pay 10% or less of the legal costs.