1. Lind Facility can be terminated at zero cost after 6 months
2. OBL can payout Convertible Note during the lockout period.
OBL need Lind now, but lets see what OBL have up their sleeve as you have mentioned.
Certain events with the Derby block and Backreef block will cause some share price re ratings in the near future. Just wait and see.
The current low market cap can not be sustained for long and I am worried about a takeover as you suggest.
Looking forward to seeing BRU acknowledging OBL as operator of the Derby Block and BRU moving on. As you stated any legal fight regarding this would be pointless for BRU. If BRU want a large stake and operatorship they will need to offer something special or takeover OBL. That would see a major rerating for OBL. So which ever way it goes would be a positive result for OBL.
As Neil said to you, I can not believe the current share price and all my spare monies have been accumulating more shares. DYOR.
OBL Price at posting:
1.1¢ Sentiment: ST Buy Disclosure: Held