Wow.
Two days away on a zippy motor cycle trip to places like Hayfork, Callahan, Gazelle, and Forks of the Salmon leaves a lot of reading to catch up with on these two boards.
After wading through posts that range from the excellent to the absurd, I write the following mostly to get my own thoughts in order.
My conclusions:
All info from well results will be available to ERHE and all partners in real time.
The Chinese will tight hole drilling results from their operated blocks.
Feelers to ERHE about a buy out are constant and below to far below what Offer wants.
Drilling will change the bids. With confidential agreements in place ERHE will be able to tell bidders what is down there. My opinion.
Eventually the Chinese will most likely out bid any other players.
Offer will know the well results and is not likely to accept a low ball offer.
Insiders from drillers to supply ship workers will at least hear rumors of what is found. Even the Chinese in the know will not be able to resist telling friends that ERHE is a buy.
Because of the slowed(not stopped) flow of information it may take longer for price appreciation.
The ultimate value of whatever is down there has not changed, and we will eventually realize the value
in the share price.
Probably not this week. LOL
If Bomu hits big we will know all we need to know by the following events. Addax will either pay the 300 million to get out of their deal with Sinopec or renegotiate the deal upwards.
Life is good.
db
AI
