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Wednesday, June 24, 2009 1:58:56 PM
This may be the key to everything (or nothing).
"Also, Sinopec Group has a subsidiary called Sinopec International Petroleum
Exploration and Production Corp. (SIPC) that undertakes overseas investments and
operations in the upstream oil and gas sector.
Sinopec is looking to build on its 2.8 billion barrels of proven reserves by
adding to its portfolio Addax's 536 million-plus barrels of proved and probable
reserves. Addax averaged production of 136.5 million barrels a day last year."
Dosen't Chrome Group fall into this category? Could all the posturing and speculation be for Chrome, our senior shareholder? Hmm, I wonder how deep these roots are! It certainly explains the silence and the share price "management" over the last two months.
Strass
Be courteous to all, but intimate with few; and let those few be well tried before you give them your confidence.
George Washington
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