BUY 0.00% 0.4¢ bounty oil & gas nl

in court in nz yesterday, page-3

  1. 97 Posts.
    Here's my opinion of the legal case.
    Bounty does a deal with a partner who says they'll pay for the seismic. For whatever reason the partner decides not to pay. Its pretty much up for grabs at that point. Even if Bounty wanted to pay Furgo (Norwegians) direct. Someone at Exxon would have given the geoligist something 'out wide' at Furgo to be able to buy the seismic direct. If they truly believe its an elephant, Exxon will throw so much money at this that they will drown Bounty out. DLS/Bounty would have to do a capital raise just to pay for leagal costs. lol.
    But....if the Bounty legal team pull this off, we ALL need to get their number!
    Their only angle is that Crown did not give Bounty a chance to justify why they did not comply with the program - which is a condition of the permit.

    very interesting
 
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