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He does have horses

Looks like the 75k seller just lost themselves 40 quid

Morning Sting. Don't you have a line of comms with SO? Any chance you can ask him about the court case outcome and what the next steps for the jv are.

Thinking about it, there was more than one injunction and more than one partner in default. Another minority holder got one in Nigeria to prevent us from taking their share of the jv back for not stumping up on the cash calls

Back to the article I posted earlier today. That got me excited. It implies we are getting on with things on the gas front behind the scenes.

Philpott, no idea. But as our market cap is built on aje/oml alone I shouldn't think it would be pretty. .. My take is that panoro lost interest in oml a long time back. They are concentrating on other assets and although they claim to have been able to meet the cash calls I doubt they would have been able to meet other commitments if they did stump up. I think they have a bigger fish to fry, perhaps hoping for oml to be self sufficient by now or certainly much higher income.... Reality is that they answer to shareholders too. They can't run down the investment considering they have contributed I think around 20-30m usd. They also had to impair this in last accounts and that wouldn't please the investors. They need a return for the investors. Whether that be a sale or getting this back on track I have no idea, lots of talk of sale on the Norwegian board. We're all guessing at what is going on behind the scenes, no communication from So whatsoever.... I get the feeling that this may be the catalyst for other news. Hoping it's gas. Correctly managed oml can become a major cash cow for us. Particularly if we get a decent rise in oil price, with a low cost of production for us. Saving grace is we are a minority partner. SO doesn't steer the oml ship (he can cause us other damage though).

http://forum.hegnar.no/ticker.asp?ticker=pen&expandNode=2412783#ExpandedRow Norwegian forum on panoro energy, open in chrome and Google will translate, need to expand the folders for full threads. These guys are more clued up on mxo news than SO. It's where I found the court case link this morning

Well the news is out for all to see, probably doesn't necessitate an rns on thinking about it. We know SO only releases info when he doesn't have a choice... But this does bring us to a situation I hope where we can begin to make progress again. Whether that be agreeing the gas plan with our partners or hopefully new partners if panoro are determined to sell their share.... What we're missing is a gas cpr. The article I posted earlier gives me hope that the jv have the cpr and have been in discussions about getting our gas to the market. I'm speculating here for sure, but this article didn't come out of thin air and we know the cpr is due from the last few rnss and we know the jv.have been sitting OK info. Could our time be coming?

Beginning to feel more optimistic about mxo than I have in recent months

Significant part.... http://thenationonlineng.net/wagps-unmet-regional-gas-demand-hits-700mmscfd/

Where's our rns SO? If this was the barrier to panoro disposing of their share then this could be great news. I didn't see a remedy, hope damages and costs are not astronomical

A bit of light reading... I'm a bit lost as to where.we are with this. I thought the appeal was next year. Panoro appear to have won. I wonder if we can get things moving now. http://www.bailii.org/ew/cases/EWCA/Civ/2017/1525.html

Come on stefan. Give a dog a bone

Someone buying mxo shares or am I dreaming