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Re: Platina post# 49754

Friday, 05/05/2006 12:44:56 PM

Friday, May 05, 2006 12:44:56 PM

Post# of 361667
Nice point, it seems they are sticking to the law not to politics. Frankly, I am sensing a tidal change from AMerican firms to India(with their OMEL) deal and China. Speculatively, if Xom/Chevorn do not have good contacts in the long run, the 2007 election may change the tide, personally I think Nigeria is getting the best deals from china and India. Another possibility is that Chevron may relinquish half of block one after applying for a mining license, I see the chinese already poaching around looking for that possibility or even the Indians. And we would see some money change hands in Sao tome. The majors are loosing their hands in the region.