RE:Perspective
Waitingstill no one would sue if they drill. Your comment that the leases terminate in 2016 is not correct as I stated in previous post some leases go to 2017. Being contracts CGX could fail on one contract and fulfill the others. You would sue under one of 2 situations, the buyout price is too low or the officers and board mismanage the company causing bankruptcy. Most boards carry liability insurance and the lawyers pursue that and wherever the leases wind up if they all move to a new company with the officers etc.