Excellent news but derampering continues, page-49

Working in India is not easy. normally, Government bodies have little regard for legal compliance and often use bullying tactics. A normal JV has an operator who makes all the decisions and the non operator is obliged to pay their way. The non operator gets a chance to contribute, but once the work plan and budget has been agreed, the non operator is obliged to stand back and let the operator get on with it.
so it is a breach of that JV if the operator has done the job but the non operator doesn't pay. So, how does OEX make GSPC pay their bills? Normally, this is done by using political influences, Bhandari obviously couldn't do it. they need to replace Bhandari very quickly with someone who can get the job done. RM has been at the helm now for 2 years, he's been on the board for 6 years, time to get someone who knows what is needed to get the business done in India. Hello Mike Watts?
As for Zeta, this will be interesting, I'm guessing that RM didn't disclose the GSPC problem to them at the time they committed to pay. If I was Zeta, I also would be upset. However, it is a buyer beware situation and clearly Zeta did not do enough due diligence. So OEX should get their money, but it will take time. They will then be left with a hostile shareholder.
If these issues prevent OEX from meeting their drilling obligations, then the (central) Indian Government could put them to the sword.