Quote:
Originally Posted by FLAMESRULE
Oh man, I'm in O+G, but if creditors can get away with pawning off the abandonment liability to the government it could be a complete disaster. There is no way that the liability should be passed to the taxpayer. I'll be very interested to see how this transpires (haven't seen any judgement yet).
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I'm trying to figure out what the difference is in this case compared to the other companies that go bankrupt and their wells end up on the Orphan Well List.
Unless this is just a 'test' run by the AER to try and keep more wells off the Ophan well list.