GREY:NKRSF - Post by User
Comment by
Bigwhiskeyon Dec 14, 2015 3:11pm
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Post# 24383018
RE:Dec 17th, Thursday...
RE:Dec 17th, Thursday...WELL
negotiated a deal with BP and RIL to sell its 10 per cent stake in the North East Coast block, NEC-25.
AFTER this sh!t came out so I dont think this will stop it
RIL-led consortium was accused of sucking out gas from ONGC’s reservoir in the adjacent KG D5. The charge has since been confirmed by internationally deputed consultant DeGolyer & MacNaughton
Niko Provides Corporate Update
Subject to certain conditions, the lenders have agreed not to act until after December 17, 2015 on any rights or remedies arising from any default on the term loan, provided that the lenders could terminate the standstill period with 10 days notice if they become of the opinion that there is no reasonable prospect of agreeing to a commercially acceptable strategic plan.
Strong words .. so something is going down big to make the LENDER HAPPY ..