Hey All,
Just had a theory about these legal issues over our permian asset.
I have just had a read through the prospectus for the rights issue, it states that the other company beleives that they have "An Unexcercised Option for an option to aquire 25% of the permian basin project and become operator"
Does this mean that they will have to buy that 25%?
Could be interesting now with the reserve report what this price would actually be.
Would it be a possiblity that we give up that 25% to get rid of the legal issues. Then use the money we get for their buy in to aquire more of our own PB acrage?
I could be completely wrong with my assumption's here as i dont know anything about the AKW aggrement.
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