I did get that one as well. I cannot make up my mind if this is good or bad for HHR. It opens for new exploration ventures incl. HHR if they get an extra license. Would probably be positive for price short term, but I am not sure long term as it diverts focus on Phase 1 and further on capital. Easy to position one self between two chairs, but then again if played well it could strengthen the portfolio and if timed well Phase 1 would provide some funds for new projects.
Other investors may abandon ship and take the chance on a familiar core exploration make or break project.
Did you see the CEO from Viaro got sued by Taqa? Trust it wont impact RRE and funding. It will take a long time in any event.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-22
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