Subsidiary of Veolia being sued for not analyzing the water pipe contamination issues appropriately and tied to the use of Detroit River water.
Completion of the mission was just the preparation to burn up the Cygnus and garbage from the ISS on re entry. A better test will be the next actual resupply mission. But, having said that, I really am tired of this head fakes above 89 and then a 2-3 dollar drop over the next few days in the face of a rising or flat market.
Wilson has alluded to the idea of partnering with a non-U.S. company which would allow that company a way of becoming involved in U.S. operations as Magellan is a U.S. based company. Have no idea how this works but that is the concept. All speculation of course as this may not be in anyone's plans now or in the future.
In any case, MPET's interest is now just HH1 and what can be done on that lease. My hope is that they can partner with someone who needs entry to the U.S. and that ends up being beneficial to the shareholders.
Sure wish UKOG would get on with releasing the Nutech reports but I think they are trying to tie up as much acreage as possible first. I rather suspect this would not be acceptable in U.S. if they already know what the report says and have not released it. So, perhaps Nutech has not yet told any of the partners and UKOG is just speculating that it will be really good.
Better than 20 cents post split but I am not sure you are right as I see no deal on the table that indicates your assumption.
While I say this is a speculation, to me it is also an opportunity that I do not want to walk away from and thus my hold on it.
Magellan Pete is taking steps to rid itself of debt and litigation issues in the UK while holding onto its 35% of the Horse Hill 1 site that has already produced free flowing oil from three zones. If, as expected, the paperwork is all approved, it will lose its Isle of Wight lease and permit 234 to UKOG for release of obligations on Isle of Wight and a cash and share payment for permit 234 and it will satisfy its obligation to Celtique Energy which has been a sore spot of litigation. CEO Wilson believes this will make the company more attractive to a partnership with another group in the future which is part of the plan embarked upon as envisioned by the special committee put together to benefit shareholders. This is still a speculation but, for those with cajones of brass, perhaps a worthwhile one.