Really is PH the right person for a long and hard fight against the NSW government - He wants to recover $25 million and keep his job and go in search elsewhere in my opinion.
I thought I invested in a company that had a licence - found what we wanted and really needs to move forward.
Personally whether I get 7c or zip its not going to change my life but getting a win in court may well - I am even prepared to follow a CR to put some funds in the bank to fight.
Minimum for me is $128 million costs spent plus a 99 year licence that in the event NSW wants to harvest the OIL & Gas they have to offer it back to the company for 10% of the settlement price.
Otherwise - exploration in Australia just got a whole lot more risky - Coal next. Then it will drift onwards towards existing producing mines of coal and gas ...
rather raise an additional 1c per existing share to fight on is my vote.
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