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2,793 Posts.
29
05/06/14
06:08
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You can sell if you wish through an off market transfer.
I know they are producing some gas. but its probably not very much.
Holding numbers close to your chest is one thing but failing to report gas production in breach of your lease agreement is another.
As for the financiers its high risk lending, which can be seen by the credit card type interest rate..
It probably seemed like a good deal at the time..
One of the finance conditions was a new reserves report.
Why has the company not announced this report.
It must be announced prior to listing, as this information is market sensitive.
Why was this report delayed, which put them in breach of their lending agreement
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