The interesting things is that OBL agreed in its July 08...

The interesting things is that OBL agreed in its July 08 announcements to a set of protocols with arq.Obl had until the end of August to provide a JV partner for its share or provide monies of about $1.8m ( without going back to ann).

There was no discordant note in that lengthy jv document nor has there been any discussion of unhappiness that Arq bought terratek in Dec 2006....yes 2006.

Obls conduct since Dec 2006 will be an issue in any litigation and unless there is a stream of documents from OBL castigating Arq etc for its actions then....good luck. In reality if OBL were able to satisfy the conditions of last months JV agreement then the big losers in this litigation are the shareholders of this $2.4m company. Delay.delay,delay.If Bur/Arq decide to quarantine all the area relating to this JV then they will still have enough drilling to go on with for many a year.

The question is in this market whether OBL has the resources/contacts to go it alone if ( and this wont happen) Arq walk away.