waited several years for an imminent power station LOI on ORCP in ****stan still waiting was on the regulatory board website as , date to join the grid early 2021 , last amendment I looked at had pushed it back again to Dec 2026 lol
so they paid that up to May arrears and presume still owe , June until now , another nearing 5 months worth, without that Alberta sale , they are like red legged pheasants at this time of year , there to be shot at lol
Three and a half months ago , was this ever settled ? , or moved into court ?
July 8, 2021 Southwestern
filed a law suit in the State Court of Wyoming, Converse County, against the following named defendants: Cuda Energy LLC ("Cuda"), a wholly owned subsidiary of Cuda Oil and Gas Inc.
(CUDA:TSXV), Bridging Finance, Inc. ("Bridging"), and Tallinn Capital Energy L.P.("Tallinn") to seek Judicial Foreclosure on Cuda's non operated interest in the Barron Flats Unit.
On July 8, 2021 Southwestern filed a Statutory Lien in the State of Wyoming, Converse County against Cuda interest in the Barron Flats Unit in the amount of US$1,929,746.48. This amount represents the cumulative operating arrears of Cuda for the month ending May 31, 2021 as reflected on Cuda's June 30, 2021 Joint Interest Billings.
On July 26, 2021 Southwestern filed a Claim in the Eighth Judicial District Court, State of Wyoming as Plaintiff against Cuda, Bridging, and Tallinn as defendants. Southwestern's Claim seeks the following heads of relief:
Judicial foreclosure order against the defendants of the Southwestern Liens on Cuda's interest in the Unit; an award of damages for breach of contract by Cuda; a quantum merit or unjust enrichment judgment against Cuda, damages for a breach of promissory estoppel against Cuda; and a declaratory judgment as to the lien priority against Bridging and Tallinn to affirm Southwestern's first lien priority on Cuda's security against the Barron Flats Unit.
So that must have been part of the U turn 3 weeks before the PIB signed to become PIA in law
Most of the year NNPC down as toxic , unfit for purpose etc and a new body to take over all Regulatory duties. NNPC got a last minute reprieve , now appears, the as stated in the news DEFUNCT DPR, bit the dust instead and the new authority , with pages worth in the PIB still came into being the NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its target is to increase Nigeria’s crude oil production from the current level of 1.4 million barrels per day to 2.4 million barrels per day.
A statement issued on Wednesday in Lagos by Mr Paul Osu, Head, Public Affairs, quoted Mr Gbenga Komolafe, Chief Executive Officer, NUPRC, as disclosing this in his maiden address with staff of the defunct Department of Petroleum Resources (DPR) in Abuja.
Komolafe maintained that the commission, which was recently set up with the passage of the Petroleum Industry Act (PIA), remains the enabler of upstream business in the Nigerian oil and gas industry
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