will COPL be when it secures CUDA???, and with the new resource update imminent , Current high Oil Prices, A very interesting proposition indeed!!!! all wrapped up for rapid expansion and growth or Takeover target? IF THE mcap doesnt move up rapidly , imo
Best to just leave on the books, it aint going anywhere, not if past costs can be set against future profits in taxes?, in any case we have a HUGE OIL ASSET!! to prove up, we havnt got time or the inclination to waste any more time or energy on Nigeria,
GLA LTH I think Nigeria has to sort its Fraudulent Oil Ministers out first before any one thinks of working there
Arthur -out celebrating with a large bottle of Bubbly. keep em peeled, he must be close to having the S.R. report in his possession now, only a few days to find out, im sure it will get fast tracked past the independent B.O.Ds
looks to me and im no legal expert on Bankruptcy case, that its all going through , and there are many names of clients to CUDA who where owed money set against the Companies Assets, but they have none or very little chance of receiving anything back apart from the Money which COPL has offered as the buy out price, a bit like in this Country , when a Company goes into administration (Bankruptcy ) the Administrators draw up a list of Debtors who are owed money , they however are only allowed to claim up to i think its 10p in the pound, if of course there is an offer to buy it out of Administration, and there is enough cash to distribute after the State has taken its dues , the small Companies and individuals at the bottom of the list may receive absolutely ZILCH!!
No, windfall tax will be imposed on GKP, the Dividends will be paid out and Distributed well before they try and make in roads to other Companies making huge Profits, they will have more chance going after Amazon Starbucks Twitter etc,
GLA LTH For now GKP can distribute free cash to its long suffering shareholders
its ok to TAX the GB Companies a windful tax, lets hope Shell Bp etc remember that in the event of an oil price crash when these Energy Companies DONT make profits , they will be allowed to go to the Government Cap in Hand and ask for TAX re-funds,