Thursday, May 16, 2019 9:47:07 AM
it's not the $$ of the tab due from them
it would be about the future value of the production split that hangs in limbo
If TXSO was "in the loop", which they are not as long as there is unpaid obligation then the decision to make that payment due is unfairly (according to contract) influenced by the imbalance of stake paid by the partners (including in part, GSPE shareholders)
anyone catching my drift on this?
big incentive to keep a lid on info till that debt/percentage is settled
the entity who buys that split might have the option to buy it under a different level of uncertainty of outcome
spec
edit - I also think this story is far from over, the fat lady isn't warming up yet
and I sure hope the next news has "jackup contract" in it
Recent GSPE News
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- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/14/2024 10:16:05 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 12/29/2023 09:21:09 PM
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