CUE cue energy resources limited

the facts vs kimbo

  1. 20,968 Posts.
    lightbulb Created with Sketch. 2195
    Always good to get the facts and squash the rumour
    Below are the facts from today's enquiries

    Raroa issue to be covered by Insurance so JV will ultimately pay nothing
    Issues identified pre purchase and claim lodged against builder
    jV will likely pay for rectification upfront and be reimbursed
    Ballpark Estimate for cost for JV 10m ... equates to 500k Cue which will ultimately be reimbursed anyway
    Production disruption will be short term ( this is the only true cost but also negligible in scheme of things )

    Kimbo ... You have been found guilty of yanking your chain

 
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