Member Info for tosskosel

I'm not qualified to contribute here fully panamabob... but i must say that i have taken great heart from the somewhat rosier picture as it has developed just lately ...and with the view that a preferred SPA could be just around the corner for us..! This could come of age quite rapidly...(im'uo) ! atb

I believe you may be right there.

There should be news this week ..Even to re-affirm Agamore's position as being fundamentally toothless and vexatious. I've e-mailed Cathy for clarity but recieved the cold shoulder..*sniff*...atb

A Judgement handed -'Prior to the final hearing'- ...atb

?

I see that there are now dates 'pencilled' in for the first of November on the Gujarati High Court Website...!!

No 'updated' caseload dates on the website service showing , currently....They remain fixed at today's date ...After closing time! atb

Now showing caseload-(Hearings) for 26th October 2018...!!

R_du_R .Heyuup. It is showing on the Gujarat Gov. website(High Court Of Gujarat) currently as pending and still listed as such for 11/10/18 today.atb

Hard to believe but apparently true.....Whatever next?

Anyone who may care to read a very compact account of GSPC and some of their dealings need look no further than this enterprising article from the interweb...It mentions Cambay and other dealings which is really a true eye-opener...Having read the most of it myself! Find it at https://www.epw.in/journal/2016/29/web-exclusives/gspc.html Entitled : Is ONGC under pressure to bail out debt-ridden GSPC?.........(Economic and Political Weekly)

....I mean to suggest that the offer of 2016-(Can't find anything more about that on the interweb!) was therefore made in good faith to GPSC who themselves having first initated the process of tender subsequently decline for reasons unknown...Could it be that a Business directive such as FDI (foreign direct investment) or similar be a part of this problem also... Governmental/ Bureaucratic response would then have been to hinder an outright ownership(By OEX) and therefore no....#100%...So a reasoned solution going forward in 2018/19: Allow for a new venture and outlook whereby a promise/pledge to GSPC .. to remain @ Cambay with a wholly reduced slice? ...OEX to choose a preferred partner(Schlumberger/Baker)....?.....The %'s resulting are therefore key to this deal....How about 45% OEX....(10% GSPC)....45% New Partner (adding valued expertise and monies)....

Thanks for the Info there R_du_R.... I have read several historic references and noted that only a few years ago GSPC had apparently put their 55% up for sale and subsequently oex had therefore made an offer as had others presumably! ....Do you have any Info pertaining to said scenario(s)? Thanks - TK

I thank you once again R_du _R and also feel we could have something of consequence land before or around the 14th of the month.

I'm assuming that oex have re-made an offer or alluded to it re GSPC as part of their court submissions etc..for the 55% share of Cambay...The 2017 Good Oil Conference of September 2017(YouTube) tells us that oex had by then recently made just such a bid for the remainder of the block... I wonder if this fact alone might generally bolster the chance of a favorable outcome in the eyes of a court ruling... If GSPC are seen to be dragging heels and generally refusing most petitions made to them what then?

Thank you for your observation and comments...So where do GSPC go from here. They may not arbitrate as you have detailed and i agree that that would then be a difficulty removed for oex et al...Could GSPC simply stump up monies and then continue with a handshake...? I

Can anyone imagine that this may be taken to 'Singapore' for purposes of arbitration etc. Or that the situation on the ground,as it stands, would read more plainly to the High court in Gujarat and effectively end with this the 'last hearing'.

I realise it is fanciful but...just wondering if any of the 'certain insiders' re subscription of placing could apply to anyone at Essar Mauritius? ...I'll get my coat.

I dont know so much about the recent price movement with it presumably being recently dropped to accomadate large Insti sales and then dropped again...for what i'm not sure... .Not so overly worried myself as i personally enjoy the look and feel of this share and i can also see this company gaining a healthy momentum again and able to satisfy both trader and investor alike. Bagir does appear to be in an envious position from the offer by Shangdong and this is why i have bought 1/2 million shares in the last 2 weeks. A good luck to you.

.