# EDGAR Filing Document

**Accession Number:** 0001962170
**File Stem:** 0001104659-23-005472
**Filing Date:** 2023-1
**Character Count:** 10501
**Document Hash:** ade1d88380bdb5670d28e3f945cc80cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-005472.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001104659-23-005472

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230120

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bastion ABS Holdings, LLC
- **CENTRAL INDEX KEY:** 0001962170
- **IRS NUMBER:** 921321027
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-06367
- **FILM NUMBER:** 23542026

**BUSINESS ADDRESS:**
- **STREET 1:** 1560 BROADWAY STREET
- **STREET 2:** SUITE 2050
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-854-9141

**MAIL ADDRESS:**
- **STREET 1:** 1560 BROADWAY STREET
- **STREET 2:** SUITE 2050
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bastion ABS Holdings, LLC
- **CENTRAL INDEX KEY:** 0001962170
- **IRS NUMBER:** 921321027
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 1560 BROADWAY STREET
- **STREET 2:** SUITE 2050
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-854-9141

**MAIL ADDRESS:**
- **STREET 1:** 1560 BROADWAY STREET
- **STREET 2:** SUITE 2050
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bastion ABS Holdings, LLC
- **CENTRAL INDEX KEY:** 0001962170
- **IRS NUMBER:** 921321027
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 1560 BROADWAY STREET
- **STREET 2:** SUITE 2050
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-854-9141

**MAIL ADDRESS:**
- **STREET 1:** 1560 BROADWAY STREET
- **STREET 2:** SUITE 2050
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION** **<br> Washington, D.C. 20549**

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER REPORT<br> Pursuant to Section 15G of<br> the Securities Exchange Act of 1934**

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

___ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period ________ to________

Date of Report (Date of earliest event reported) ______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

___________________________________________________________________________________

Name and telephone number, including area code, of the person to

contact in connection with this filing

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [ ]

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [ ]

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) [ ]

<u>X</u> Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: <u>0001962170</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Bastion Funding I, LLC</u>**

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): <u>0001962169</u> 

Central Index Key Number of underwriter (if applicable): <u>Not applicable</u> 

<u>Babak D. Fadaiepour, (303) 854-9141</u><br> Name and telephone number, including area code,<br> of the person to contact in connection with this filing

**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer**

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibit 99.1 to this Form ABS-15G.

**index of exhibits**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [Exhibit 99.1](tm233543d1_ex99-1.htm) | [Independent Advisor's Report on Applying Agreed-Upon Procedures, dated December 16, 2022.](tm233543d1_ex99-1.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BASTION ABS HOLDINGS, LLC

By: <u>/s/ Jeremy Cook</u>

Name: Jeremy Cook

Title: Chief Financial Officer

Date: January 20, 2023

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![](tm233543d1_ex99-1img001.jpg) | Paramount Field Services, LLC<br> 3144 South Winston Ave.<br> Tulsa, OK 74135<br> Office: 918-346-6211<br> Fax: 888-344-4094<br> www.paramount.io |

---

December 16, 2022

Barclays Capital Inc.

745 Seventh Avenue

New York, NY 10019

and

Cantor Fitzgerald & Co.

110 East 59<sup>th</sup> Street

New York, NY 10022

and

Wells Fargo Securities, LLC

550 S Tryon Street, 5th floor

Charlotte, NC 28202-4200

------

**<u>Independent Advisor's Report</u>**

**<u>on Applying Agreed-Upon Procedures</u>**

Ladies and Gentlemen:

We have performed the procedures enumerated below, which were agreed to by the addressees, with respect to the Bastion Funding I, LLC (the "Issuer") 2023 securitization of assets acquired from the Riverbend Energy Group (the "Transaction"). Raisa Energy, LLC (together with any subsidiaries or affiliates, the "Company" and, together with the addressees and the Issuer, the "Specified Users") is responsible for the completeness and accuracy of the information provided to us upon which we relied in forming our findings. The sufficiency of these procedures is solely the responsibility of the Specified Users. Consequently, we make no representations regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

Unless otherwise indicated, the following conventions have been adopted in presenting our procedures and findings:

&nbsp;&nbsp;&nbsp;&nbsp;· The term "compared" means compared to, verified mathematical accuracy, if applicable, and
found to be in agreement with, unless otherwise noted.

&nbsp;&nbsp;&nbsp;&nbsp;· The term "recomputed" means calculated and found to be in agreement with, unless otherwise
noted.

&nbsp;&nbsp;&nbsp;&nbsp;I. Comparisons and Recomputations of Certain Wellbore Interest Attributes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. On November 08, 2022, we were provided by the Company with a computer-generated data file which contained
certain attributes, as delineated in Exhibit A, (the "Data File") for 9,446 well locations that were operational as of November
1, 2022 (the "Cut-Off Date"). Representatives of the Issuer selected 6,782 wells from the Data File that were operational
as of the Cut-Off Date for detailed testing (the "Well Sample Units").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For each of the Well Sample Units, we compared and/or recomputed the attributes listed in Exhibit A
as per the Data File to applicable source documentation, all of which were provided by the Company. As summarized in attached Exhibit
B, we noted no exceptions during the course of our testing.

We make no representations as to (i) the accuracy of the information set forth in the Data File, (ii) the actual characteristics or existence of the underlying documents or data comprising the Data File (other than with respect to the procedures described herein relating to the Well Sample Units) or the conformity of their respective characteristics with those assumed for purposes of the procedures described herein, or (iii) whether any of the documents provided to us by the Company or its representatives are comprehensive and valid instruments. Also, the procedures performed would not necessarily reveal any material misstatement of the information referred to above. This report relates only to the items specified above and does not extend to the Company's financial statements for any date or period.

We were not engaged to and did not perform an examination, the objective of which would be the expression of an opinion on the information referred to above. Accordingly, we do not express such an opinion. Had we performed additional procedures; other matters might have come to our attention that would have been reported to you.

This report is intended solely for the information and use of the Specified Users and is not intended to be and should not be used by anyone other than the Specified Users without our prior consent. None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

Regards,

---

| |
|:---|
| /s/ Jonahs Goodrich |
| Jonahs Goodrich, |
| Project Manager |
| Paramount Field Services, LLC |

---

**EXHIBIT A**

**<u>Agreed Upon Procedures</u>**

Using non-statistical sampling techniques, representatives of the Issuer selected 6,782 well locations from the population of well locations included in the Data File and Paramount Field Services, LLC, performed the following procedures with respect to the below noted Data File Fields:

&nbsp;&nbsp;&nbsp;&nbsp;· Well Name: Agree to Well Names in "RS0123_Oneline_20221108.xlsx" Data File.

&nbsp;&nbsp;&nbsp;&nbsp;· Net Working Interest %: Agree to Net Working Interest % on the "RS0123_Oneline_20221108.xlsx" Data File. Allowable variance
threshold of +/- 0.00005%.

&nbsp;&nbsp;&nbsp;&nbsp;· Net Revenue Interest %: Agree to Net Revenue Interest % on the "RS0123_Oneline_20221108.xlsx" Data File. Allowable variance
threshold of +/- 0.00005%.

&nbsp;&nbsp;&nbsp;&nbsp;· Operator: Agree to Operator in "RS0123_Oneline_20221108.xlsx" Data File.

**EXHIBIT B**

No exceptions were noted during the course of our testing procedures.