AUCTION OF C-GAS LP COMPANY ASSETS

All vehicles, tanks, and assets sold as a package

This is a Court approved Receiver's Sale of the Personal Property of "C-GAS, LLC" to be sold in its entirety as a package at an auction conducted by Country Boys Auction & Realty, Inc. This auction will be held live on Tuesday, August 25, 2026 at 10:00am at the Law Offices of George Oliver located at 405 Middle Street in New Bern, NC. There will be no online bidding available.

The assets being sold are specifically listed below and include approximately (14) trucks & vehicles, (6) large bulk storage/distribution tanks, and over 3,800 LP tanks ranging in size from 57 gallons to 1,000 gallons located at the C-Gas storage facility in Kinston, NC and at residential and commercial customer locations in Lenoir and surrounding counties (tank locations are available with certain criteria requirements).

An opening bid in the amount of $1,808,342.00 has already been placed. A minimum "overbid" bid raise of 15% (2,079,593.30) is required to "upset" the existing opening bid. If a qualified "overbid" or "Bid raise" in this amount is received, bidding will continue at the live auction until a last and final bid amount is attained. All interested bidding parties must qualify to attend this auction by 5:00pm on Friday, August 21, 2026. For qualification and registration requirements, please contact Country Boys Auction & Realty, Inc.

All of the court documents, terms, conditions, and registration forms including the "THE MOTION FOR ORDER: (I) ALLOWING PRIVATE SALE OF PROPERTY FREE AND CLEAR OF LIENS, CLAIMS, ENCUMBRANCES, AND INTERESTS: & (II) APPROVING STALKING HORSE BIDDER: & (III) APPROVING SALE PROCESS AND AUCTIONEER COMPENSATION" and "EXHIBIT A BID TERMS FOR THE ASSETS OF C-GAS, LLC" and "EXHIBIT B-1 BIDDER REGISTRATION FORM" and "EXHIBIT B-2 OVERBID PURCHASE AGREEMENT" are all attached and can be viewed, downloaded, or printed by "clicking" the red "MAPS & BROCHURES" button below. There is an additional "EXHIBIT C TANK DETAIL" that lists all the exact tank locations that is sealed under the jurisdiction of the Court and can only be provided upon the interested party signing a confidentiality agrrement.

  ASSET LISTING

VEHICLES

2019 FORD F250 service truck

137K miles - 2wd - VIN ending 56650

2018 FORD F250 service truck

152K miles - 2wd - VIN ending 05610

2017 FORD F-750 LP delivery truck

V10 - 201K miles VIN ending 02175

2015 FORD F250 2WD service truck

279K - miles unknown – VIN ending 13648

2015 FORD XLT crew cab pickup truck

187K miles – VIN ending 13901

2009 INTERNATIONAL cab & chassis only, bad engine

miles unknown – VIN ending 90872

2008 FORD XLT crew cab pickup truck

193K miles – VIN ending 48349

2008 INTERNATIONAL LP delivery truck

320K miles - VIN ending 38725

2006 FORD Taurus

220k miles – VIN ending 59423

2006 INTERNATIONAL cab & chassis only, bad engine

miles unknown – VIN ending 93146

2000 INTERNATIONAL LP delivery truck

not running – miles unknown – VIN ending 58637

1999 INTERNATIONAL LP delivery truck – inoperable

miles unknown – VIN ending 51639

1994 GMC LP delivery truck – salvage

miles unknown – VIN ending 00679

1991 INTERNATIONAL LP delivery truck – inoperable

miles unknown – VIN ending 7630

1965 tank trailer

(2) LP tank delivery truck bodies

LARGE BULK STORAGE/DISTRIBUTION TANKS

(5) 30,000-gallon bulk storage/distribution tanks

located at various satellite locations

(1) 18,000-gallon bulk storage/distribution tanks

located at a satellite location

CONSUMER TANKS

Approximately 3,800 smaller consumer tanks ranging in size from 57-gallons to 1,000-gallons. Approximately 1,075 of these tanks are located at the main storage yard in Kinston and approximately 2,740 tanks are located at customer sites throughout Lenoir and surrounding counties. See the attached "EXHIBIT C TANK DETAIL" for a complete listing by size.

If you have any questions or need additional information, please contact Auctioneer Mike Gurkins at (252)916-1005.