GAS 21.4% 3.3¢ state gas limited

State Gas Vs Dome Petroleum, page-6

  1. 1,407 Posts.
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    Hi @Oxytorus It is not the actual trial. It is an application by one of the parties prior to trial. It could be many things, including but not limited to:

    1. An application to approve a settlement
    2. An application to strike out one of the defences by Dome or to strike out their entire case prior to trial or vice versa
    3. An application in relation to damages and a requirement for Dome to pay some money to the court on account of costs (because they are broke)
    4. An application to expedite the trial and shorten the evidence
    5. An application for an injunction to prevent one of the parties doing something prejudicial prior to the trial (such as selling GAS or entering into a deal)
    or many other things. We just don't know unless we go to the court and I am over that myself.

    I would sense it is positive as it is likely that GAS is putting more pressure on Dome in relation to costs as in point 3 above (as that is what I would do prior to trial), but that is just an educated guess. It could be Dome fighting back but that is going to be very costly for them if it fails. Maybe a last hurrah.

    We will all know soon enough.
 
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