My guess that they might sue BOPL separately as well as the tribunal was right.
Writ of Summons was served Wednesday 9 July 2014
on BOPL.
Oil Basins Limited v Backreef Oil Pty Ltd - District Court Proceedings - CIV 2200 of 2014
Looks like OBL have hit him with a double wammy and want the money owed or takeover his 50%.
OBL have not lost a case yet. OBL chairman Kim McGrath is a solicitor that specialises in resource companies. Since returning to Australia in 1998, Mr McGrath continues to hold full practising certificates as a Solicitor in both England and Wales and in Victoria, as well as holding Australian accounting qualifications as a CPA. I think he knows what he is doing.
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