At 2:00 p.m., the inspection at the work site in Delano, it was evident that the insured had continued working at the same location. However, it was found that the drilling rig had been moved from where it was previously found during our first inspection. The drilling rig where …show more content…
Deol said after he attempted to fish out the equipment on the DOL with the rented Spear, which got caught in the hole while they tried to retrieve the lost equipment they eventually recovered the Spear, as they recovered all the other assemblies during the excavation.
Mr. Deol alleges he has a listing and an origin of ownership of the said previously mentioned items lost, and claimed that the items lost are under the property of his other DBA: Quality Equipment, LLC, which he and his three other business owners own. He identified the owners as himself, Mr. Ajay Chopra, Mr. Ajmail Sammangha, Shinda Upple. He further estimated the cost of the equipment lost is as follows:
1. Six pipes valued at $4,000.00 and $5,000.00 apiece.
2. Two Collar valued at $15,000.00 to $18,000.00 apiece.
3. One Pilot Bit valued at $8,000.00
Mr. Deol estimated the cost and loss of each of the said items through “market value.” He claimed he knows what the market values of the new or similar equipment are through his knowledge of the drilling business. He described the equipment lost as “tired and old …show more content…
Deol stated after the DOL, and after his crew had attempted to recover the items from the excavation, he said the client was about to possibly lose his crops after the work had to stop to retrieve the missing items from the first excavation. After they had been not able to recovery the rest of the missing previously mentioned items with the recovered Spear, he said it was about three to four weeks later that his crew started the new second replacement well on the client’s property. He estimated he moved the drilling rig about seventy-five yards to the North of the abandoned Well, which he protected the hole by placing steel beams across the hole which was dug on the first