My money is its all about the ability to extract oil from SRH 5 and not anything to do with the original claim by page, which the company will lose by the way. why else have your courier place in the market that the company will appeal any decision? So now there will be another excuse for delays in income and no announcement made when raising cash that future income could be severly hampered.
Buying then trying to sell eagle ford just before income is another joke. what happened to minimising risk buy buying a none legally impaired asset. They brought in because it was proven by the quality of the neibours and sold out claiming they didn`t have any idea what the acreage would produce. Incompedence or have we just sold another great asset like desiree for nothing and into hands we will not be able to follow? Use shareholders money to find oil then move that asset into private hands. AKA Orchard petroleum
GGP Price at posting:
7.5¢ Sentiment: None Disclosure: Held
