If the properties OPL 321/323 are that problematic for a re-listing in AIM, then I feel that EEL would be more than willing to sell specific assets such as the EEZ and the other odds and ends into the proposed consortium to bypass any legal problems. Let's face it, what other recourse does EEL have other than to wait due to the delisting. If EEL was given the chance at an offering to join in the consortium, I'm sure they would jump and approve not longer than a N.Y. minute. If the legal problem gets resolved, the assets can be added into the consortium at a later time. For now, this proposed consortium has enough on its plate already.
If one goes by the infamous whiteboard, a new company would be formed by pooling in certain assets into this consortium. The new company may go to a different exchange other than AIM and/or via the roadshow for a proposed IPO. I feel strongly that with this bevy of highly prospective assets, the need for capital investment would not be deemed an issue especially where oil is estimated in the billions of barrels. With the advent of drilling in the JDZ blocks, any success there would easily facilitate more funding for future drilling and the market capitalization for this consortium would increase dramatically. What remains to be seen is the percentages that need to be worked out for a possible portfolio exchange of shares for the companies involved.
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