bkp court case., page-14

The situation and discussion right now would be much different had the original drilling results been less ambiguous and more equivocal. BKP's negotiating position much better and the SP more resilient, also applies to PFC.

But the less than hoped for result eventually exposed the deficiency in management negotiating skills and strange decisions in the type of company and business where preserving cash is paramount.

I assume that better experience and expertise may have given BKP a better deal with PFC and not have allowed BKP to be exposed in the way that they now are.

Its hard to sue somebody because they are not as good as you thought they should be, unless you contend it was deliberate, or gross incompetence.

However you would have to question what on earth the Capital raising was all about, what was its basis and purpose and is their any relation of that to loans given out.


And what the heck was that all about anyway. They should be made to fully explain and document this

Never the less- they still have an asset that might save the day and one hopes these recent drilling results are very good