UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF TEXAS
ENTERED
APR 25 1990
JESSE E. CLARK, CLERK
BY DEPUTY /S/
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
IN RE: ss.
ss.
CAMBRIDGE OIL COMPANY, ss. CASE NO. 88-01859-H5-11
ss. (CHAPTER 11)
DEBTOR ss.
ORDER CONFIRMING DEBTOR'S
PLAN OF REORGANIZATION
At Houston in said District came on for hearing Confirmation of the Plan of
Reorganization of Cambridge Oil Company, Debtor-in-possession, and Normandy Oil
and Gas Company, Inc., and its wholly owned subsidiary, Houston Operating
Company, Successor to the Debtor under the Plan, filed on September 1989 (the
"Plan") together with the Disclosure Statement thereto previously approved by
this Court, after hearing on Notice, having been transmitted to all creditors as
evidenced by the Certificate of Service dated April 2, 1990; and
It having been determined, after hearing that:
the Plan has been accepted by at: least two-thirds in amount and more than
one-half in number of: the allowed claims impaired by the Plan; and
the Plan has been accepted by the creditors whose acceptance is required by
law; and
the provision of Chapter 11 of the Bankruptcy Code have been complied with;
that the Plan has been proposed in good faith not by any means forbidden by law;
and
the Plan is fair, equitable and feasible; and
all payments made or promised by Debtor under the Plan for
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services of for costs and expenses in, or in connection with, the Plan and
incident to the case, have been fully disclosed to the Court and are reasonable
or, if to be fixed after confirmation of the Plan, will be subject to the
approval of the Court; and
due notice of confirmation hearing was given to the Debtor, the creditors
and all other parties in interest; it is therefore
ORDERED that Debtor's Plan of Reorganization is hereby confirmed; it is
further
ORDERED that the Debtor pay to the United States Trustee the appropriate
sum required pursuant to 28 U.S.C. ss.1930(a)(6) on the effective date of the
Plan and provide to the United States Trustee an appropriate affidavit including
all disbursements for the relevant period(s); and
the provisions of said Plan shall be binding upon the Debtor and upon all
creditors whether or not such creditors are affected by the Plan or have
accepted it or have filed proofs of claims and whether or not their claims have
been scheduled or allowed or are allowable; and
subject to the further directions of the Court, the Debtor is directed to
comply with the provisions of the Plan and to take all steps necessary to
consummate said Plan, and all creditors all parties in interest herein are
directed to take all action required for the consummation of said Plan; and
all creditors of the Debtor, the persons participating in these
proceedings, and all other persons, are hereby permanently enjoined and
restrained from doing any act or taking any action interfering with or tending
to interfere with these proceedings
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or with the enforcement or carrying out of the terms and provisions of the Plan,
or with the Orders of this Court relative thereto, or from asserting, contrary
to the provisions of said Plan and of the Bankruptcy Code, any right, title
interest or claim, including the commencement or prosecution of any action, suit
or proceeding appropriate under the Bankruptcy Code, and such review, if any, in
an appropriate appellate court of the United States as may be provided by law;
and
the property retained by Debtor under that Plan shall be free and clear of
all claims of creditors, whether or not such claims are provable and whether
secured or unsecured, liquidated or unliquidated, fixed or contingent, except
such claims as are otherwise expressly provided for in the Plan; and
all claims for payment of administrative expense incurred to the date of
hearing on the confirmation of the Plan shall be filed not later than thirty
(30) days from the date of this Order; and
This Court reserves jurisdiction:
(a) to entertain such further proceedings and to take such further action
as may be necessary and appropriate in connection with these proceedings, the
Plan, the transaction incident thereto, and the consummation thereof, or with
this Order or any further Order of this Court;
(b) over all matters not as yet determined as to which jurisdiction was
reserved in any Order previously made and entered by this Court;
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(c) over the assets dealt with in the Plan and over any and all persons to
whom such assets may be transferred or by whom such assets may be retained, over
all parties in interest to these proceedings, for the purpose of determining any
claims asserted against the Debtor;
(d) over all matters as to which jurisdiction is reserved to the Court by
the Plan or by the Bankruptcy Code; and
(e) to make from time to time such orders amplifying, extending, limiting,
or otherwise modifying this Order as the Court may deem proper.
Dated 4-19, 1990
/s/Karen K. Brown
Karen Brown
United States Bankruptcy Judge
A:10268/D18-0A.8
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