That $1M deposit more than consumed by the 4 months G&A costs from Announcement date to Fallen-Thru date.
The difficultly in actually closing the deal implies there is something "unappealing" about the asset. It's one thing to talk about what the oil is "worth" using different index prices BUT ... why do the buyers get shy??? I have to believe there is large uncertainty in the costs of getting the oil (water SWD is a problem once again) or maybe the quality of reservoir. Got to be something.
Oils aint oil's and we still waiting to see nuthin.
And what of the bank TB ... you're in default and you don't update us on what the bank has to say. FFS
