UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On June 9, 2022, Blue Dolphin Services Co. (“BDSC”), a wholly owned subsidiary of Blue Dolphin Energy Company (“BDEC”), paid all past due obligations totaling approximately $0.2 million to TR 801 Travis LLC (“Building Lessor”), the lessor on its principal office lease dated effective January 1, 2018 (the “Office Lease”). As a result, Building Lessor considered the prior Office Lease default cured and granted BDSC access to the leased space.
As previously reported, in March 2021, BDSC defaulted on the Office Lease due to non-payment of rent. In May 2021, BDSC and Building Lessor reached an agreement to cure the default pursuant to a fourth amendment to the Office Lease (the “Lease Amendment”). Under the Lease Amendment, Building Lessor agreed to defer BDSC’s past due obligations, including rent installments and other charges totaling approximately $0.1 million in equal monthly installments beginning in June 2021, and continuing through the Office Lease expiration in August 2023.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 20, 2022
| Blue Dolphin Energy Company |
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| /s/ JONATHAN P. CARROLL |
| Jonathan P. Carroll Chief Executive Officer, President, Assistant Treasurer and Secretary (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) |
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Cover |
Jun. 20, 2022 |
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| Cover [Abstract] | |
| Entity Registrant Name | Blue Dolphin Energy Company |
| Entity Central Index Key | 0000793306 |
| Document Type | 8-K |
| Amendment Flag | false |
| Entity Emerging Growth Company | false |
| Document Period End Date | Jun. 20, 2022 |
| Entity Incorporation State Country Code | DE |
| Entity Tax Identification Number | 73-1268729 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Entity File Number | 0-15905 |
| Entity Address Address Line 1 | 801 Travis Street |
| Entity Address Address Line 2 | Suite 2100 |
| Entity Address City Or Town | Houston |
| Entity Address State Or Province | TX |
| Entity Address Postal Zip Code | 77002 |
| City Area Code | 713 |
| Local Phone Number | 568-4725 |
| Security 12b Title | Common Stock, par value $0.01 per share |
| Trading Symbol | BDCO |
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