Hey All,Just had a theory about these legal issues over our...

Hey All,

Just had a theory about these legal issues over our permian asset.

I have just had a read through the prospectus for the rights issue, it states that the other company beleives that they have "An Unexcercised Option for an option to aquire 25% of the permian basin project and become operator"

Does this mean that they will have to buy that 25%?

Could be interesting now with the reserve report what this price would actually be.

Would it be a possiblity that we give up that 25% to get rid of the legal issues. Then use the money we get for their buy in to aquire more of our own PB acrage?

I could be completely wrong with my assumption's here as i dont know anything about the AKW aggrement.