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can you handle reality?? well, then here it is- cvx drilled yesterday, cvx is drilling today and cvx is drilling tomorrow- nothing else is reality
well niko- thanks to our pal mongo- we get the shares cheap- what a buddy huh??
bought more at 31 centavos- just for fun!!
that's not to say mind you that the nigerians will not put on a show with menezes- they will- but remember menezes will be shown were to put his x on all documents- he won't have any other function
inwaytoo deep- thanks for the analysis- but you were correct the first time- STP stalled too long- the decisions are being made for them
an important element has changed and the STP contingent has not caught on yet- cvx is drilling- cvx drilled yesterday, cvx is drilling today, cvx is drilling tomorrow- STP no longer has unlimited time to discuss who's going to sit on the port-a -potty next!! if cvx hits a duster- people are not going to be as interested in STP- if cvx hits a winner- erhe and all the nigerians will insist on immediate signing of the psc's or lawsuit city- STP really is no longer in the ball game- they just don't know it yet- lol!!
balance- raging bull is there- no posts since 8pm- maybe they're having difficulty
the cvx drilling rig has been working five days not five hours- seems some people can't read-lol!!
wcamom- cancel round 2?? well, first of all nigeria which has the 60% vote- isn't in favor of it. in fact, nigeria likes having all those little nigerian cos getting a piece of the action, second- if you cancel round 2- then the whole question of the validity of the jdz treaty comes to fore and thirdly, round 1 comes into question- thus cancelling round 2 AFTER awards have already been announced and accepted will bring forth a firestorm of lawsuits which will delay everything by years- to say nothing of how will bankrupt sao tome pay back signature bonuses it has already squandered
well bought more at 33 centavos- dirt cheap
the nigerians and the oil cos have already made all the major decisions- sao tome will be there to scratch a few x's on the paper
sao tome needs one more week?? what for?? to decide who's going to sit where?? lol!!
the pxd press release is totally inaccurate in one sense- since pxd has GOM ops for sale-cash will be used elsewhere- not in north america
pxd sells argentine assets to apache
http://biz.yahoo.com/ap/060117/pioneer_natural_apache.html?.v=1
well doug- there were some rough moments- bought last friday and wondered if i would pass a sanity test-- but what the hell erhe still looked too cheap-lol!!
anadarko ready to sign psc for block 3
http://ragingbull.lycos.com/mboard/boards.cgi?board=ERHE&read=77403
well doug- i figure this way- if mongo and his pals knock it down to 29.6, i'm first in line for the goodies-lol!
put in a low ball bid at 29.6- lol!!
funny- no one mentions the 40% preferential interest that xom got in block one- doesn't that count??
china nigeria gambit
http://tinyurl.com/bjpyr
chevron finds new deep water well
http://biz.yahoo.com/ap/060104/chevron_big_foot.html?.v=1
tick tock- chevron scheduled to spud first well this month- sao tome's decisions are bein made for them- lol!!
so- any comments on the 38% institutional trades today??- some thing up perhaps??
the nigerians will not act on any findings of sao tome- you can forget that!! nigeria will push for signing of psc's as quickly as possible
stockhocker- the whole complexion of this co changes dramatically for the better with ths signing of ANY block- the bashers days are limited
tax loss selling is over- now as those clowns buy back in the sp should rise
let's talk money- shall we? last year cvx and xom shelled out $123 million for the rights to drill in block 1 under the auspices of the jdz treaty. sao tome collected( and probably squandered) $58 million as their share of the signature bonus earned under the jdz treaty.
Next month cvx plans to spud their first well- once cvx starts drilling, one can consider the JDZ treaty has been fully endorsed and physically realized
lately, some political squabbling in sao tome has seemingly threatened the validity of the jdz treaty however, the clock is ticking quite rapidly at this juncture- for sao tome to declare the treaty invalid- it must notify ALL winners of oil blocks under the treaty that the treaty in no longer in force and must return all monies collected under the terms of the treaty. since sao tome has no money- it has no money to return!!
so let's talk reality shall we?? reality is the second round of the JDZ treaty which has been fully negotiated by the JDA and the JMC is fully validated and last minute posturing by sao tome will be of NO avail whatsoever- in addition, as a matter of the utmost practicality, sao tome must sign the psc's prior to march 2006 for then the results of cvx's first drilling will become available
well picked up more at 29.5 centavos- after all, a bargain's a bargain-lol!!
oilman- it's a little confusing but remember the joa's are agreements between the individual cos in the block and the psc's are agreements between the members of the block and the jdz
oilman- i doubt that any co would sign the psc without having the joa's for the block fully completed and signed first
yikes joe- i think you have to wait 30 days after a tax loss sale before buying again
so joe- with all that buying and selling today- what % of the volume was yours??
yikes joe!! i didn't know i was picking up your shares- sorry about the nitwit comments and best of luck in the future
wow!! some nitwit just sold me erhe for 29.5 centavos-lol
let's face facts shall we?
sao tome is in no position to declares the jda invalid- they simply don't have $58 million to return to cvx- so, they must sign off on round 2 and must do so before cvx starts drilling in block one. nothing else is of any significance
captain mugwump, klingon ship approaching
relax spock, that's just mongo in the USS Basher
ok- some sucker unloaded his shares- the rest of my order filled at 30.9
tried to buy more- but they raised the bid to 31 centavos-lol
just picked up more at 30.9 cents-lol
voice of america? what are they gonna transmit joe's blog inside the iron curtain?-lol