To all investors in st.martin well, Shelf Energy has chosen to sue the subcontractor who has caused damage to our source for a sum of approx. DKK 30 million. Everyone who wants to participate in this lawsuit must confirm directly to Shelf Energy via the email that has been sent to them, the starting price for participating will be approx. 1000 USD. per percent one owns.
You can click on this link to read the actual summons from Shelf Energy attorney. There could potentially be a compensation of approx. 30- 40 thousand USD per percent with owner if we win the case and defendant pays or his insurance.
Everything new about the case will be sent directly to each investor, and we will continuously update the website with relevant news, possibly. questions about the case or the status of the source should be directed to Shelf Energy as they have the latest updates.
If you choose not to participate in the case, then you can withdraw from well and the investment will be lost.
Thanks in advance
All: - From Stacey at Shelf Energy
Please see the attached Petition for Damages that was filed on Friday in association with the Swivel Rental & Supply, LLC Insurance Claim.
Not sure of timing; however, right now our Attorney is thinking 6 to 12 Months to work through the Courts at a cost of $25 to $50,000.00.
If we go with a Jury Trial- we would also need to put up a $50,000.00 Bond (that would be returned after all is complete and paid for).
Participation in the Suit (and associated costs) is the only way a party will have the opportunity to recoup any of the damages detailed in the Proceeding.
Should you wish to step out of the Well and Legal Process- Please let me know.