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Hey guys,
Just found out that the JDA is still waiting for the report from Sinopec and they will not move forward until they have the report.
-ach
did we know about this guy?
Micheal Shafie, Technical Consultant
Michal Shafie is a Technical Consultant and Senior Geoscientist for ERHC Energy Inc. and its subsidiaries. Mr. Shafie has 29 years of experience in exploration and developmen of oil and gas fields throughout the shelf and deep water provides of West Africa, the U.S., Malasia, Vietnam, Egypt, Venezuela and Black Sea. He worked for major, independent and national exploration and production companies such as El Paso, Unocal, Petronas, PDVZA, OXY USA and Vanco Energy, contributing to discovery of significant volumes of oil and gas reserves. Mr. Shafie is experienced in evaluation and acquisition of oil and gas producing proerties and expert in offshore lease sales projects. A member of Society of Exploration Geophysicists, Geophysical Society of Houston and Southwest Louisiana Geophisical Sociey, Mr. Shafie earned Bachelor of of Science and Masters of Science degrees fro Florida State University.
maybe a partner like Tullow would fit in that scenario? a % and operatorship in the EEZ along with a partnership in oml 42?
-ach
king,
It doesn't mention oml 40 in that article and states that essar was the winner for oml 42, which i believe mromro stated could be interested in oml 40. So maybe there is still a hope?
-ach
For all those that have not been to the board lately, please review the following summary and you will be caught up:
you're stupid,
no you're stupid,
no you're stupid,
no you're stupid,
you're stupid, and management sucks
-ach
i agree, but i do take some responsibility. You can't post something like that and not expect everyone to dig for more. I just think that was information I needed to share with everybody. I guess I could have not said anything. But that is a whole other group of issues. The trials of life! Lesson learned.
-ach
the last message from our good friend LP.
My take, I think the Tullow issue did end up getting him in a bit of trouble. Once the companies started getting a flood of questions, I'm sure they got pissed and it ended up coming back on him. All my opinion.
The response at the end that says we should have an answer very soon for, was in regards to a question about the JDA's expectations for Sinopec's phase I drilling report and their plans going forward regarding phase II.
-ach
dear Mr. XXXX XXXXXX
I have taken a personal decision not to answer again directly to individual questions. Some people does not understand when one is open minded and sincere and sometimes they misuse the information , creating embarrassment. all information will be through a press release or official interview; The questions you have raised very soon you may have offical answer for that.
best rgds
Luis Prazeres
Agência Nacional do Petróleo(National Petroleum Agency)
Avenida Nações Unidas,225 - SaoTome,SaoTomé e Principe
Tel:239 2243351
fax:239 226 937
I think Adenuga with ConOil and Mr. Dangote are Offer's competition when it comes to status level in the nigerian power scene. Did you also notice Equinox in there? It's like a rehash of the JDZ players. The people with the power in nigeria will not be left out of the shell deal. Do you really think SEO would let himself miss that boat?
-ach
you got that right mean gene
it's been a week and he didn't respond, so I assume he didn't like the question.
-ach
SM,
This was discussed last week. After we heard the news of 2 wells proposed in block 1 I asked LP what the timeline was. He said there has been no timeline set because Total is still working on their field development program.
-ach
amj, i never got a response from LP regarding Total incorporating 2,3 and 4 into the block 1 program. I guess he didn't like the question.
sorry.
-ach
I asked him that a year ago and he responded that they are still waiting on the first preliminary report on the findings. At the time he was expecting that report in January 2010.
-ach
ok, question sent. But i expect him to either not respond or provide a non-committal response. I think this would actually be confidential info.
-ach
no date has been set on the Block 1 drilling as Total is still preparing their field development program - per LP
-ach
i would assume it is under this commitment:
http://www.rigzone.com/news/article.asp?a_id=48020
thanks tamtam, i was waiting for that one.
-ach
actually, i never was the source. I don't know why you have to have such venom over this. several people have received comments from LP regarding the issue. I guess all of us sit around and think of stuff to make up and then attach it to a reputable source?
How would you have handled this issue emdyal? Or maybe you would have just held onto the info for yourself? Please advise so I don't offend you next time.
-ach
i find some comfort in his response that his assumption is based on several sources including direct verbal communication with ERHC employees.
-ach
but Krom, what's your source?? LOL.
-ach
It seems pretty apparent to me the Tullow PR folks had to have a serious meeting with the bosses to figure out what their standard response would be to the ERHC question. I don't for a minute think that the wording was hastily chosen.
Why else would they go back and send a new e-mail to the folks that they originally replied "no comment" to a couple of days earlier? If the rumor had no substance, they would just say no comment and leave it at that.
IMHO
-ach
I definately vote that he's delicious.
-ach
lmlt,
i kan spel relly goood.
-ach
It sounds to me like Tullow had a PR meeting about how this issue should be addressed and, after they all got together and figured out their form letter response, retroactively went back and sent the email to the people that they responded no comment to last week.
I don't think they would go through that kind of trouble if there was nothing their.
-ach
here is LP's response:
Of course the Equator is the company having premptions rights,this is the motif we are negotiating with them and we may enter into PSC with them,neverthless this situa tion ,they will have a time frame to indicate technical partner with technical acapacity and financial capability(vide Petroleum Law), otherwise the contract may be considered void and null.
Luis Prazeres
Agência Nacional do Petróleo(National Petroleum Agency)
Avenida Nações Unidas,225 - SaoTome,SaoTomé e Principe
Tel:239 2243351
fax:239 226 937
-ach
in certain cases I could agree with you, but in the world of the JDZ and the EEZ I think that is hogwash. Besides, if it really was a huge issue, LP would have gotten an earful from the powers that be. He certainly wouldn't be corresponding with me anymore, yet I just got a message from him today.
EDIT: I have often had the impression that he witholds important information or tries to "dance" around questions when he needs to. If it was top secret, LP would not have told me.
-ach
try, do you really think rumors on a message board really impact multi-million dollar deals?
-ach
I just sent him a message asking about this. We'll see if he responds.
-ach
i don't think they do, cause the question i asked him was who is Equator's partner and when are they going to start on ERHC's PSC's.
-ach
FYI, LP says that STP still must complete their PSC's with Equator before starting PSC's with ERHC. He indicated that STP is still waiting for EEL to name their technical partner.
-ach
After all the bs over the years that has been peddeled on this board, i understand the skepticism. All I can tell you is I'm not interested in being placed in that group.
-ach
if you were a little nicer emdyal, i'd send you the gd email. believe what you want.
-ach
hold on their Krom. First we need an official announcement of the Tullow deal and then we need the signing of the PSC.
-ach
that almost sounds cheery mid.
maybe you can take the tube over to their offices and discuss our future over some tea and crumpets.
-ach
I agree. They will readily announce progress. I think midtier may have mentioned they were a participant at the roadshow he attended. I don't recall.
I know it seems common knowledge that the JDZ and EEZ are not in the same formation, but still, doesn't this squash the idea that there is a buyout in the works from Total or SNP and SNP is looking for total domination in the region?
-ach
i would like to know what everyone thinks this means. How does this impact our thoughts on the JDZ, Total, SNP, etc.
It will interesting to hear what the deal entails.
-ach
one of the larger oil companies in europe, not huge, but have quite a bit of activity in Africa including the jubilee field.
-ach
Tullow Oil is the company to partner with ERHC in EEZ.
Luis Prazeres
Agência Nacional do Petróleo(National Petroleum Agency)
Avenida Nações Unidas,225 - SaoTome,SaoTomé e Principe
Tel:239 2243351
fax:239 226 937
Mr. Prazeres,
It is my understanding that STP is hopeful that ERHC will begin PSC negotiations in February? Do you have any idea who ERHC is looking towards as a partner to be operator of their blocks? Surely STP must have heard something about this if ERHC is close to PSC negotiations? Just wondering if you know of any companies that were being considered. Rumors are always welcomed, as I have come to understand that things change from moment to moment in STP/JDZ.
Regards,
xxxxx