And as KH and cronies start gambling away the remainder of the $95m and the cash reserves approaches to some loose pocket change, which is extremely likely given how they managed to throw away $60m in 1.5 years without anything to show for it, I wouldn't be surprised if share price hits single digit in pence ....
So lets for 1 minute say CO do NOT win their case and are defeated what do they do, try to take over the company with a good sp cash offer and what would that be for them to still make good money from the outcome if they did gain control. 65p- 75p 85p. what would buy us out.?
Just a few observations : ETINDE [ WCA ] will be operated and maximised by N/ A with LUKOIL influence . They want to generate revenue before drilling so that will be agreed by N/A and the CAM gov as too how and when ETINDE is developed [ wells drilled etc] BLVN will not have any influence. BOMONO should have been left to be developed at a latter date , it was an appalling decision to go ahead, firstly the rig debacle, secondly how the CAM gov operate , thirdly POO at the time, and due diligence on all aspects of BOMONO as against other options and maintaining a healthy bank balance . This BOD and KH can't be trusted , COC involvement over a year , BOMONO what a mess, share price , NO rinse and repeat with ETINDE farm out money yet thats exactly what they have done, NO revenue generating asset purchased yet we've spent $90 mill on BOMONO . The BOD say they have the skill set and experience in the O&G industry and a good relationship with CAM gov well read the above. they have also have had over 10 years and $500 mill . What have SH,s had in return ? They were reluctant to talk too PI,s or communicate in a timely and transparent manner but they do now !!!!!!!!
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