RE: Just do an11 Sep 2019 21:07
GSPC will have cash in its hands after the sale so why can’t they then hand over some money? I’m sure Oilex has enough powerful lawyers to figure a way round this.
But at the same time, maybe it was the only way out and to break the stale mate. To drop the money in exchange to sell and move on?
It sounds pretty bad however....
Joe said, upgrading storage facilities and doing larger drills... If we get to that stage, that owed money will be pennies compared to what we will be pulling in, instead of wasting money and making no progress.
Once GSPC are out of cambay, then maybe oilex can pursue a compensation claim. Even just 1mil would be helpful.
Oilex has had to amputate it’s arm to break free but it will grow back in time ;-)