I could look at the options of an egm to get bandy out. I hold 2.9% and I am in touch with a bigger holder through their holding via Barclayshare. We are not far away from 10% if they have an appetite for chance.
RMP were to earn a 20% working interest in Georgia IF we paid 40% of drilling two wells. I don't know if that happened. As far as I can tell so far, no drills were done and Range relinquished block VIb. Range still have rights to block VIa.
Range owned 45% of Strait and were iun dispute with the company over its failure to act on Georgia.
The above was announced approx three weeks before Strait wound up. Bandy has not fulfilled his promise to keep the market updated on developments. Surely the operator of Georgia going under requires the market to be told by RMP?
I have emailed RMP to ask why has there not been an RNS to notify us of this and an explanation for what has happened to our Georgia asset which was supposed to be sold at the end of this year, according to Bandy a couple of months ago.
So you are not just interested in the cash in the bank now.
Cash burn is circa Â£700k a year. we have a refund still to come. with interest on income we will burn about Â£500k a year. I have had a response from Otto and it sounds like sc55 will be going to another party to drill cinco. Must admit that bandy does not have a clue how to invest in in good quality producing assets.
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