Gotta,
Just for the sake of clarity, and perhaps for the benefit of some shareholders less up to speed on the 'names' in this Shakespearian shambles;
Who is 'China Sam'?
Who is Bataa?
Where is Matthew Wood?
What was Matthew Wood's role in this?
Presumably Wolf Petroleum still own licenses in Mongolia? (perhaps near where Petro Matad are now drilling in great expectation at Heron, Red Deer and Dream Stream?)
What was WOF shareholders money used for then? Simply to buy licenses and 'run' the operations in an effort to raise more money to drill the licenses they had acquired?
So having acquired these licenses, next door to Petro Matad, Wolf was unable to do anything with them. Presumably they will lapse, if they have not already? What other assets does Wolf have?
DF/
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