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Re: None

Monday, 04/08/2024 11:42:25 PM

Monday, April 08, 2024 11:42:25 PM

Post# of 367085
original post taken down
after much contemplation of event we know
The rights didn't disappear IE either ERHC or Kosmos possessed rights to block 4
those rights were then horse traded to Sao Tome for Something major
ERHC /TOTAL would not just let them go without something in return
ERHC also had 15 % rights to block 4 and surely could have acted upon them before invite to Shell was given to bid and PSC invite
Your educated Postulation that there is a bigger plan being worked out the last 1 1/2 years Has to be the case SAO Tome and group had to have worked this out because Total has resources to spend a decade in court or more.

Shell wanted a do over for block 4 so the rights would not be able to be contested
ERHC will benefit from the EEZ and JDZ(Nigeria's award to EO seemed timely for these negotiations in JDZ)
the wait now is IMO waiting for the finish agreements(probably with JDZ) and then the ink to dry
This reality is or a variation of what took so long for SAO TOME to offer to Shell EEZ block 4 and determine the future of 15 % of any other block not under PSC (BL 4)
Anything else would lead to EEZ and JDZ being unfruitful for Years into the future.
Anathema to Sao Tome and the deathnell of the polital party in office currently
Bullish
BULLISH
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y