It’s an interesting one: there’s a two well immediate abandonment liability with that (ex)permit. If Breeze is successful in getting the title back for Onshore Energy then he can argue that liability further. If he fails in getting the permit back then that liability becomes his alone as sole director of the ex-title holder. No wonder he’s pursuing it through the Supreme Court on someone else’s money!!
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7
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