Hi All,
Apologies that my forum participation has been a bit inconsistent of late (busier than a two tailed cat in a rocking chair at this end) but I had one question that's been bugging me.
If/When the EGO vs Wharf ruling is handed down the best outcome to be expected is a favorable on EGO's side.
I remember Wharf supposedly had a %age of gas sales set aside in escrow/trust while this was all happening (presumably so they'd get their money if re-admitted to the JV). A ruling in EGO's favor should free those funds to be distributed amongst the remaining JV partners.
All well and good .... but does anyone have any rough figures for how big this "honeypot" of funds actually is and how much will it help the EGO bottom line ?
..... or is the only benefit of a ruling against Wharf is to have a thorn removed and simply to be rid of them :-(
Very curious !
Cheers....
Shoe
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