CND 0.00% 3.1¢ condor energy limited

Ann: Supreme Court Actions Commence , page-27

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,203 Posts.
    lightbulb Created with Sketch. 15
    BWB, my take on it is that the strategy here is to be as annoying as possible - a supreme nuisance - and to use that leverage to get Statoil to the point where they'd rather settle than continue. I've seen it succeed in the past but generally you need a fairly unique skill-set to make it work and to be able to apply pressure to a much larger opponent. I have no detailed knowledge of what the docs say, but for the strategy to have any hope of success they need at least an arguable case - something with a chance of succeeding in court. So if BKP's claim doesn't get struck out then that would suggest that they have such an arguable proposition.

    I guess we'll see.

    In the meantime I've been told that it won't hold up the Statoil drilling program so that's at least a small positive.
 
watchlist Created with Sketch. Add CND (ASX) to my watchlist
(20min delay)
Last
3.1¢
Change
0.000(0.00%)
Mkt cap ! $18.02M
Open High Low Value Volume
3.2¢ 3.2¢ 3.1¢ $6.126K 196.6K

Buyers (Bids)

No. Vol. Price($)
4 389879 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 30000 1
View Market Depth
Last trade - 16.10pm 07/10/2024 (20 minute delay) ?
CND (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.