Time to do a deal, page-29

I mention EVERYONE because if you go back you will find many, many posters here were of that opinion, including posters who may have forgotten things they've said 2 years ago. You're essentially a new poster. This wasn't directed at you in particular at all. I used that terminology and tone because I learnt something from it personally. It adds to my experience investing in oil. The next time this situation arises in however many years I will be able to look back and be partially informed by this history of things the company said, the posters said and finally what the courts said. By highlighting "groupthink" I'm not saying "I told you so" because I didn't tell anyone anything specific. I said the most likely outcome was a compromise. I was like everyone else - I thought their case would be stronger and am shocked at what I read in the judgement.
What I'm saying is "remember this". Add it to your war stories. Let it be an arrow in your quiver on the next investment you find yourself in a similar position. There is a reason some people come across as cynical and disbelieving on these forums and it's mostly battle hardened experience with this kind of thing and you're always getting more of it.

Save your money on an O&G lawyer. Keep it for next time you find yourself in this position. Go to court and find out the arguments and run it by them.
I think the last thing 99% of holders would want is an appeal and another half year and almost a million bucks wasted. Move on and focus on actually getting something done. I think going back to court would tank the SP even lower. I can't emphasize this enough.

The reason Buru left wasn't because they lost their nerve. Why did OXX leave then on the supposedly "strong" side?? They left because of their own financial situations in a weak sector. Buru have more targets than they can drill, they don't need more. It was fine to go after Derby two years ago with a lot more money and $100 oil but circumstances have changed both for the individual companies and the sector itself. It would have VERY little to do with what they thought of the arguments. They see it as getting out of work commitments.

I don't believe the Gippsland basin assets are worth that much and I don't believe this is the best environment to get the most for them.