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Twin Butte Energy Ltd TBTEF

Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Bullboard Posts
Post by PetroExploreron Jul 22, 2017 4:26pm
204 Views
Post# 26498302

Old Claims, Coming out of the Woodwork, like rats

Old Claims, Coming out of the Woodwork, like ratshttps://cfcanada.fticonsulting.com/TwinButte/docs/Affidavit%20of%20William%20Tobman%20-%20Filed%20July%2019,%202017.pdf

Looks like someone wants to get a bit more out of Twin Butte, before the money is paid out.  This has been dragging in the Court system, for the last 7 years.  Hopefully it will all get tossed, instead of ending up taking $2 million or so, from the cash fund.

The Affidavit has some interesting reading.  I think it is difficult to prove that it was Twin Butte's fault.  Have to see what previous settlement was, and use that to negotiate down, if the case isn't entirely dismissed.

The problem I have is various "expenses" to back up a claim, can be padded upwards, if people know there is a big fund of money sitting out there.  There might be some money required to do some work, then there can be some trumped-up amount, when they know someone else is paying.


Bullboard Posts