EMP 0.00% 2.1¢ emperor energy limited

Yes I agree. Whatever activity BRU do, will give OBL a free...

  1. 1,382 Posts.
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    Yes I agree. Whatever activity BRU do, will give OBL a free piggy back effect.

    Also, the cost cutting exercise for BRU will see them pulling out of the Derby Block. I can not see the new BRU board wanting to front up for costs of a legal fight for someone else. I can not see BRU wanting to pay for the BOPL cash call. I can not see OBL allowing BRU onto the title unless BRU negotiate very favourable terms to OBL. The question is why would BRU bother. The smart thing is BRU WALK AWAY. Then if BRU want a piece of the Derby Block then deal with OBL.

    The fact is, if BOPL want something out of this, they can only deal with one party. That is OBL.

    Only 2 scenario's

    1. BOPL will end up with a donut
    2. BOPL negotiate with OBL and get something if OBL allow him to negotiate.

    This will be an interesting week leading up to the tribunal. The Derby block is being showed on BRU mapping. BRU need to show their hand and make a choice this week as they have a power of attorney to act for BOPL. No action by BOPL and BOPL get kicked off the block.

    You might also find the directors of BOPL are hit with a legal action as well as the tribunal hearing. OBL have never lost a case.

    Talk about piggyback. BOPL have piggybacked off all OBL's work and no intention of paying a cent. OBL have been dealing with a peanut who makes an application to the DMP to go onto a block and can not fund it. BOPL have tried an unsuccessful capital raising for Yeeda Oil which fell over. It looks as though this will fall over too.

    In the USA this is a common occurrence when non payers get kicked off the title. The big guys always cash call the smaller blokes out of existence.
 
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