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upatnight

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Re: Jim Long post# 108466

Tuesday, 09/25/2007 8:39:08 AM

Tuesday, September 25, 2007 8:39:08 AM

Post# of 362808
Didn't the consortium pay something like 126 mil for the drilling rights in block 1? That would make XOM's particition fee about 49 mil. This makes XOM a better than 50% profit on their intitial investment plus 2% profit on the oil. It's not like their leaving empty handed. And I guess its okay not to believe Chevron's claim about what they found in block 1 and to take on face value what Addax has to say about their seismacs.





















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