Fundamentally, we have no call on mustang assets as long as we are in breach of contract. Therefore we have very little to bargain with & are in a extremely weak position. With the catalogue of delays it will take a very generous incentive for any investor to risk capital here & with AM's appalling handling of affairs I think we will have to be very lucky to have any resurrection here as his track record does not invoke trust & delivery for any investor bail out or placing success. Of course, I hope this will be resurrected, as I am invested heavily here. But reality may be very different.
the income will still be ours to pay off debt to dom so if a casing issue around about last week i made it gl zoom
Started on 1-4-13 thats 7 weeks on Monday - anybody got an idea how long a "simple workover" will take? - if a solution has been found to the finances It would be logical announce it all together - i.e. production underway Dominion paid & loan refinanced. - Well I can live in hope!
This will come good. We have a short term cash flow problem and as you said, we are best suspended during talks. If I were on the bod I would be pushing for small reduction in WI in exchange for funds. Preference would be WI reduction on future drills, not this one, as we need the revenue from this first well
Wake up if this company had our best interests at heart they would of done the suspension in march not may as it is now apparent that the co had this information but did not pass this on so what hope do we have now you have a marched down price at president half market cap and still default Draw your own conclusions or in your case phone your broker
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