My read is alittle more cynical. Bhandari earns his living in India, being connected with a company that is taking the Government to court will see himself as blacklisted and his ability to earn in India will be severely hampered. therefore, it is in his best interets to stay out of any political fighting. Without Bhandari fighting on the OEX side of the fence, there can only be concern.
The Gujarat Government does not like to spend money and to get them to pay their bills is a nightmare.
My recommendation is that Oilex go drill a sole risk well, leave the Indian courts alone and make sure that the well is profitable this time and not waste money. If the well comes in, then they are in the money, having set a precedence and maybe GSPC pays its way and rejoins the team.
JM2BW
just my 2 bob's worth
OEX Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
