Member Info for mannnan

Mew

The company says it will take “all necessary action” to defend its stake, including arbitration if the operator walks away from negotiations.

Empyrean and WNEL, which is owned by Conrad Asia Energy, have spent months trying to resolve a dispute over unpaid cash calls.

These are requests from the operator for partners to contribute their share of project costs. Empyrean says the contested amount totals $789,815, including interest.

What has shocked investors is that the notice was issued while the partners were still working through the joint operating agreement’s dispute-resolution process.

Empyrean says the talks had even produced a verbal, in-principle understanding on the size of the liability, subject to a formal contract.

The company argues that WNEL’s move pre-empts the agreed process and has asked for the notice to be withdrawn.

If enforced, the notice would treat Empyrean as having chosen to exit the project, with its interest transferred to WNEL.

Empyrean insists this is invalid and says it will take “all necessary action” to protect its position, including seeking arbitration if negotiations are abandoned.

I just bought some over a million shares just now let,s see what happen next

Empyrean reiterates that it is confident in its view that there was no basis to issue the Notice and will take all necessary action to defend its position.

What everyone think we should buy this or not ?

Tanking

Who is liar here?

It’s the. S. S pocket money 💰

Wanted

Well. It’s The demand from the investor. And the price is getting keep lower with the investor demand

How low it’s going to be ?

Aklee

Mr. H

Over 003. Take it

Why are the people still buying this one. ?

Looking very good now exciting times ahead

Jeremy Asher is in his PRIME , finalising the sign offs.

Hearing this since last decade

Bring newbie Dale To us will punish him

Tell us more about it