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Thursday, October 25, 2007 10:21:22 AM
As for No. 3, our rights are as strong as the dollars that were paid for portions of our rights by Sinopec, Addax, and Anadarko. If their lawyers did not think our rights were rock solid then we would have never seen one cent from them.
Just as the potential buyers have had an opportunity to see the 3-D overlays so have potential sellers. That is the reason I said (Post 109898) that I believe the buyout formula has already been put on the table with a take-it or leave-it provision by SEO. If a potential buyer wants cheap shares then he/she will have to manipulate the market as SEO and friends control more than 50% of the outstanding shares and they are not selling. Without SEO's and friends shares you can have minority ownership on the cheap.
Yes the investigations are a hinderance but to what degree remains elusive. For a number of us on this board we are more than aware that they hang over our individual and collective heads but we continue to accumulate more shares. For the record I bought more yesterday.
I continue to think that if someone knows someone close to any of our partners then a lot of info could be gleaned. I say that for the reasons I posted yesterday but also when I worked in the heavy construction industry my project manager lived next door to an Exxon (then Esso) VP. The VP was forever giving my boss stock tips months before a stock would take off. It was uncanny how much this Esso VP knew about what was going on inside so many companies. I know there are probably several someones in the E&P oil industry who know what the 3-Ds are revealing about JDZ quantities and about which company is planning to do what in the future. It appears that the individual we need on this board does not yet visit here. Maybe someone reading this may know someone who in turn knows the right person.
So much for my thoughts,
Jim Long
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