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Re: tryoty post# 168179

Thursday, 06/25/2009 11:03:51 PM

Thursday, June 25, 2009 11:03:51 PM

Post# of 367194
Tryoty,
I couldn't agree more with your comment. The Chinese are very low key busness people. They are not chatty with the successes of their enterprises. The Chinese play their cards close to their chest. Addax, on the other hand, was promoting their potential successes to lure a buyer.

Block 1 results were kept under wraps to our dismay for many fortnights. Would it be in the best interest of Sinopec to release highly successful results right away if they want to buy deeper into the JDZ? Seems like it would only inflate the value of other JDZ properties and cost Sinopec a premium to acquire more properties. Can ERHE post results of drilling if they are NOT the operator? Can we be burried in mystery from Sinopec? I sure hope all goes well...we have waited many years and Sinopec taking over as our operator scares me a bit. Maybe I am missing something.
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