RE: No operations since Dec 2018 - FAO Tim Thompson16 Jul 2019 11:37
Can't stop thinking about the comment from yesterday and kind of coincides with RNS released at the time. We know we didn't even have a pot to **** in for the durham loan so would drilling have continued? More vendor debt, did BH carry on working for us at such uncertain times and work over those 3 wells? If not, then drilling would of ceased in December. Someone mentioned that work continued on the ground but that is so vague, as to say that it could mean anything and even just continuing to produce oil and gas. The first judge said something along the lines of 'the asset is of significant value' and the DOS can be signed if the asset is valued more than the liabilities (from my understanding) so I'm not assigning the DOS much hope anymore either. The comment said they had recently been paid for December, is that due to FTI, or is it just bad translation?
Would a workforce wait around for 7 months unpaid?
If this is all true how/why the hell did frontera put in for the dolphin block in April?
That one comment has thrown me. Ultimately nothing we say has any affect, we have to wait for this story to unfold. Think I'm also having a Debbie downer day