Nigeria OML-141 NW25 Nov 2021 14:04
We will know sure enough AGEOS in five days time. On the face of it, it does seem to be in Zeniths favour. However, although convinced of AC's enthusiasm of the strength and potential of NW OML 141, I have a nagging thorn that's been prodding me for a few days. Quite simply, K.O.N.H UK Ltd was set up by the directors of ADM Energy and somewhere along the line back in April 2021 a deal was struck between Noble Hill and KONH. KONH walked away assuming the deal was signed done and dusted then promoted their business up to the end of August on that basis. That assumption is what is giving me sleepless nights. It implies that a contract was signed between both parties and if the contract was signed, it is binding. Curiously, Noble Hill seems to have taken it upon themselves to null and void the contract as if they were judge and jury in a court of law, which is certainly not proper or legally correct. Which beggars the question, was the contract signed by both parties in April and what was in the contract that gave Noble Hill the authority to void the contract. No one can say for sure unless someone got their hands on a copy of the contract (you know what I mean AGEOS, nod nod wink wink). On this basis ADM Energy may have reason to contest. I really hope AC does his homework here, certainly not good for Zenith to get stifled by a legal battle between two other companies. I was 75% in favour of a positive outcome for Zenith, now I think 50/50.
''On August 17, 2021 Noble Hill-Network Limited (NHNL) through their outside Legal Counsel notified K.O.N.H.
U.K. Limited, its affiliates and owners that the NHNL Board of Directors declined their proposed Agreement
dated April 28, 2021 due to lack of funding and misrepresentations. Further to this the legal Counsel
notified K.O.N.H. to Cease and Desist all statements of Ownership in NHNL or participation in the NW OML 141
RSC.''
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