Blue Dolphin Energy Enters Material Definitive Agreement
Ticker: BDCO · Form: 8-K · Filed: Aug 8, 2025 · CIK: 793306
| Field | Detail |
|---|---|
| Company | Blue Dolphin Energy CO (BDCO) |
| Form Type | 8-K |
| Filed Date | Aug 8, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $10.0 million, $15.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Blue Dolphin Energy just signed a big deal, creating a new financial obligation. Details to follow.
AI Summary
On August 4, 2025, Blue Dolphin Energy Company entered into a material definitive agreement, creating a direct financial obligation. The company, formerly known as Mustang Resources Corp and Zim Energy Corp, is based in Houston, TX.
Why It Matters
This filing indicates a significant new financial commitment or contract for Blue Dolphin Energy Company, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to performance, financing, and market conditions.
Key Players & Entities
- Blue Dolphin Energy Company (company) — Registrant
- August 4, 2025 (date) — Date of earliest event reported
- Mustang Resources Corp (company) — Former company name
- Zim Energy Corp (company) — Former company name
- Houston, TX (location) — Business address
FAQ
What type of material definitive agreement did Blue Dolphin Energy Company enter into?
The filing states that Blue Dolphin Energy Company entered into a material definitive agreement, but the specific nature of the agreement is not detailed in this summary section.
What is the nature of the direct financial obligation created by this agreement?
The filing indicates the creation of a direct financial obligation, but the specific details of this obligation are not provided in the summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on August 4, 2025.
What were Blue Dolphin Energy Company's former names?
Blue Dolphin Energy Company was formerly known as Mustang Resources Corp and Zim Energy Corp.
Where is Blue Dolphin Energy Company headquartered?
Blue Dolphin Energy Company is located at 801 Travis Street, Suite 2100, Houston, TX 77002.
Filing Stats: 617 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2025-08-08 12:34:18
Key Financial Figures
- $0.01 — ch registered Common Stock , par value $0.01 per share BDCO OTCQX Indicate by ch
- $10.0 million — volving Credit Agreement increased from $10.0 million to $15.0 million. All other terms of th
- $15.0 million — reement increased from $10.0 million to $15.0 million. All other terms of the Second Amended
Filing Documents
- bdco20250806_8k.htm (8-K) — 29KB
- ex_849661.htm (EX-10.1) — 55KB
- 0001437749-25-025635.txt ( ) — 215KB
- bdco-20250804.xsd (EX-101.SCH) — 3KB
- bdco-20250804_def.xml (EX-101.DEF) — 11KB
- bdco-20250804_lab.xml (EX-101.LAB) — 14KB
- bdco-20250804_pre.xml (EX-101.PRE) — 11KB
- bdco20250806_8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement. On August 4, 2025, but effective as of June 1, 2025, the Board of Directors of Blue Dolphin Energy Company ("Blue Dolphin") approved an amendment to the Amended and Restated Affiliate Revolving Credit Agreement (the "Second Amended and Restated Affiliate Revolving Credit Agreement") by and between Lazarus Energy Holdings, LLC, Blue Dolphin, and Blue Dolphin's wholly owned subsidiaries. The maximum borrowing limit under the Second Amended and Restated Affiliate Revolving Credit Agreement increased from $10.0 million to $15.0 million. All other terms of the Second Amended and Restated Affiliate Revolving Credit Agreement are materially the same as the prior agreement. The proceeds under the agreement are anticipated to be used for working capital and general corporate purposes.
03
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 10.1 Second Amended and Restated Affiliate Revolving Credit Agreement dated and effective June 1, 2025 by and between Lazarus Energy Holdings, LLC, Blue Dolphin Energy Company, and Blue Dolphin Energy Company's wholly owned subsidiaries. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: August 8, 2025 Blue Dolphin Energy Company /s/ JONATHAN P. CARROLL Jonathan P. Carroll Chairman of the Board, Chief Executive Officer, President, Assistant Treasurer, and Secretary (Principal Executive Officer) Exhibit Index 10.1 Second Amended and Restated Affiliate Revolving Credit Agreement dated and effective June 1, 2025 by and between Lazarus Energy Holdings, LLC, Blue Dolphin Energy Company, and Blue Dolphin Energy Company's wholly owned subsidiaries. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)