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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-12

  1. 233 Posts.
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    Not sure where you’re getting your dates from but I can’t reconcile them with the announcements.

    12/08/2019 - mec announces settlement of all legal disputes - describes Breeze and co’s return to controlling Advent (and by extension, onshore energy). BPH’s announcement for the same event was on the 9/08/2019.

    I can’t see the Bonaparte deal termination announcement (nothing on MMR’s announcements for 10/8/2019 as you’ve indicated) but would bet my left nut that if it happened around the time of legal settlement between BPH and MMR and when Breeze & co controlled Advent again then it would be directly associated.

    So anything happening from ~August 2019 is directly controlled by Breeze.

    Looks like the MMR ann report (30/8/2021, last 2 bullet points page 4) paints a glowing picture of the plans for EP386 including the drilling submissions to WA govt. Without seeing the application to variation you mention was allegedly sought on 1/11/2019 (evidently by Breeze based on my dates here) it obviously didn’t satisfy the regulators. Breeze got his sook on from there and he’s been fighting with DMIRS/SAT/now supreme court ever since!!

    Ah, just found that the Bonaparte deal was terminated on 10/08/2019, a few days after Breeze&co got onto Advent board. See p5 of 1/11/19 BPH announcement for Advent’s annual report. MEC can not have been a signatory to that agreement as it had no direct interest in Onshore. The legal settlement removed any bargaining power MMR had over Advent’s affairs w.r.t. the stupid terms of the ~$3.6m loan agreement. MMR’s own announcement around that time also notes it as a “passive” investor in Advent.

 
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