you might be right, and you might not be. it just looks like you are guessing.
me, i haven't seem much exciting good news other than the zeta dispute resolution.
if gspc do come back on board as a constructive JV partner who can agree plans & assist financing, that's great!!
but if not, then the question will be *what else* is meant by 'various approaches' in text below, & implications for cambay. (e.g. value falling how far short of 'maximum value'?)
"The Company continues to engage with its joint venture partner Gujarat State Petroleum Corporation (GSPC) to resolve outstanding cash calls and gain approval of the 2016/2017 work programme and budget. The resolution of these matters is essential for the Company to extract maximum value from the Cambay Field. Various approaches to progress work at Cambay are being considered."
Commenting on the update Mr Salomon said "Last week's agreement with Zeta Resources Limited to end legal proceedings between the parties has provided Oilex with a clearer path forward and was a key priority for us. The revitalised management team can now gather momentum on the path to the potential development of Cambay that reflects what was learned from the previous wells. We look forward now to resolving issues with GSPC and progressing work at Cambay".
I do not think we have long to wait for new MD JS to sort this issue out, since JS has taken over it has been pretty much good news, so i am confident he will sort the issue with GSPC
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