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Re: oilsleuth post# 17550

Friday, 09/03/2010 9:40:41 PM

Friday, September 03, 2010 9:40:41 PM

Post# of 42997
That's what you think? Think about this. Why would Hunt go to court now. Why wait? Simple he know Malcolm didn't have the money to pay him. Now the picture has changed. Hunt wants a piece of the $180,000,000 pie and this is just a ploy to get back in the game. Tasmania will be drilling hundreds of wells over the next 20 to 30 years at a rate of $2 to $5 million a well. That's better then the $1.5 million he says he is owed. Hunt screwed the pooch. He could have had work for years to come, maybe the rest of his life. If he wins in court he will loose in future business. I think its all about leverage. Just what the Supreme court does I can't begin to guess but I think some sort of an agreement will be reached before they appear before a judge. If he is fair in his negotiations with Malcolm I think Hunt could be the receiver of a long term sub contract from The primary Joint Venture.

This is only my opinion!

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