SureTrader SPDR Advertisement SPDR Advertisement
Home > Boards > US OTC > Delisted > Addax Petroleum (fka AXC)

Minnesinger: Tullow is in the distribution (downstream) business

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
sneak-attack Member Profile
 
Followed By 17
Posts 1,930
Boards Moderated 0
Alias Born 04/01/06
160x600 placeholder
Advertisement
Bundesbank Vice President Warns of Grexit Consequences--Report
Claudia Buch, the vice president of Germany's Bundesbank, has warned of the consequences of a Greek exit from the eurozone, saying it would represent "a first-time revocation of a European integration step," and change the character of the currency union, German daily Boersen-Zeitung quotes her as saying in its Saturday edition.
Whole Foods Results Add to Growth Concerns -- 2nd Update
Uber Crosses $50 Billion Valuation
Yahoo to Buy Social Shopping Site Polyvore -- 3rd Update
Comcast Deal to Enter Wireless Industry Faces Hurdle
Ford Posts 44% Jump in Profit--Update
Pain Worsens for Oil Giants Exxon and Chevron
Western Union Profit Beats Wall Street Views
Bank of America Gives Details on Moynihan Vote-- Update
Samsung Profits Hurt By Smartphone Price Declines
sneak-attack   Thursday, 10/03/13 07:35:15 AM
Re: Minnesinger post# 1609
Post # of 6034 
Minnesinger: Tullow is in the distribution (downstream) business with its gas sales. I do not know if somehow that would qualify them as Intergraded, but ERHE is operating in Africa and the official definition of a term does get fuzzy.

However they at present do not engage in oil refinement. One only has to look at Uganda to realize what the stumbling block is to the 1.8 billion barrels of oil they have discovered, It is oil refinement. Almost all of the governments of Africa that do not engage in oil refinement are now demanding that some of the oil that is extracted from their land be refined at home. They want Tullow and it partners to build a $1.5 billion dollar oil refinery for domestic consumption and regional distribution.

Nothing in Africa is as it Seems, including some press releases and official spokesperson statements (dancing around the issues).

So if the analogy of Intergraded as explained by Danny Boy is correct, then Tullow in most peoples eyes would not qualify and should be considered a long shot at best for the race for a viable partner before money and stock options run out.

JMO
Sneak

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist