During December 2001, Dunhill Resources Inc. acquired select properties from Linder, for which the sales and purchase were funded by Aquila Energy Capital. During December 2002, Aquila Energy Capital sold the portfolio of loans to Concert Capital Resources, LP (CCR). In April 2003, CCR filed for foreclosure on the assets of Dunhill Resources, Inc., and during August 2003, Dunhill Resources, Inc., entered Chapter 11 bankruptcy. During October 2003, CCR formed Orca Energy, LP, and Orca Management, LLC, to own and operate the former Dunhill Resources, Inc., assets. During January 2004, Orca Energy, LP, foreclosed on a majority of Dunhill Resources assets. Currently, Dunhill Resources, Inc., remains in bankruptcy. Dunhill Resources, Inc., remains technically as designated operator of the properties, with Orca Management, LLC (Orca), providing all services, support, and financing.
