That is exactly how I see it too, footy.
OBL does NOT have any agreement with BRU, or disagreement with BRU.
OBL is stating, very clearly, that they have a legally binding MOU with Backreef Oil - (Not BRU) - and this legal document cannot simply be ignored.
Written, legally binding agreements are just that - written, legal and binding.
I am guessing that OBL will not be stating their position lightly. Millions of dollars are at stake here (that's stating the obvious) and OBL are now formally stating to Backreef Oil:
"hang on a minute Backreef Oil, we have a written, legally binding MOU and the law (of contracts) states you cannot simply ignore our mutually binding MOU, as if it had never existed".
The precise details of all this will, I guess, be worked out
either in, or out, of Court, between OBL and Backreef Oil (not with BRU), with legal remedies always available in contract disputes.
That is why we have laws. Otherwise, it would be a free for all world out there.
It would appear, at first glance, to make OBL an even stronger buy perhaps? - but that is imo - it is not investment advice. DYOR.
Anyway, all of the above is just my personal opinion and like mouths (and other orifices) - we all have them. It is not a legal opinion, as I am not a lawyer, so not qualified to give such an (legal)opinion, or qualified to give investment advice. Best everyone interested go off and DYOR.
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