The full transcript of the BKP/Statoil dispute is now available and as can be surmised, makes for interesting reading..
My understanding is that BKP are in their current situation because they do not have sufficient readies to pay their share of the costs.. Nothing new with that!
Conclusing para's.#93 & 94..quite fascinating The presiding Judge Advocate said,-- "find a commercial solution, in view mounting legal costs"..
For what it is worth,imnsho,Baraka are in a "no win" situation, basically because of their unwise, unprofessional, unprofitable, mis-directed use of shareholders' funds..
At best, some commercial entity may make an offer to "take-out" BKP..That,at least would remove the current rabble, distinguished by their collective, oft demonstrated inabilities to manage a profitable return for BKP shareholders..
BKP Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
