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Saturday, November 10, 2007 4:31:07 PM
My guess as to why:
Their newest presentation dated 11-7-07 did not contain the newest drilling information. That certainly does not look good. My guess is they'll make a change or two (my vote is for a contracted rig) on the 10-31-07 version and put a date after 11-7-07 on it to make it look new.
You can BET things have changed as the 10-31-07 removed presentation stated.
Also, I hope all noticed that the 11-7-07 indicates 5 X 5. This should put to rest the theory that it changed to 4 X 4 because Sinopec is claiming one of the wells. I stand by my thought that the rig of opportunity drilling one well is why the reduction of a hole in the AA contract was made. The good part of this line of thought is Addax must be fairly confident they will locate a rig of opp. to already reduce the AA contract by a firm well.
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