PKO 0.00% 0.4¢ peako limited

viking energy 2 in liquidation ?, page-15

  1. 1,190 Posts.
    I just hope PKO have delayed spending any money on Block A Nth Sumartra.

    If Viking pull out, it's over.

    We won't be getting 2 cents nevermind $7 million from Blade, as they will go into liquidation. I don't believe we can salvage the Blade directors personal assets like their homes. There will be no insurance policies protecting our claim either.

    As mentioned with luck PKO still have Albers funds sitting in the bank, until final confirmation of Viking finance has been physically received.

    With both Viking and Blade being private companies, they don't need to provide any updates on happenings. It is possible Cadloe project it getting a workout right now with seismic surveys etc. From that point Viking make a decision to proceed or not.

    I also hope Cadloe gets the nod of approval before Sonde Res project with Viking. Similar capex.
 
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