My grandfather invested into this Polvadero Limited Partnership with or owned and managed by Boyd Berlind and now by his son Dan Berlind. I believe the operator is or was Tandem Oil.
His revenue payments stopped about 3 years ago due what was indicated a refit and upgrade for environmental regulations of all 18 wells that the Polvadero LP has a working interest in. That the operator would bear the cost of this and would be repaid from production of the wells until repaid in full. Once repaid our payments would once again continue for the production of all wells with the WI revenue . However this was said to only take less than a year to make this repayment but yet 3 years post and still no payments have resumed.
Does anyone here have any information about this or can shed some light on it.
Any info at all would be appreciated.
Capt. Cameron Smith