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RUBY1100

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RUBY1100

Re: Homeport post# 169399

Saturday, 07/04/2009 7:28:10 AM

Saturday, July 04, 2009 7:28:10 AM

Post# of 361358
Homeport "Energy firms seeking oil exploration rights in Sao Tome’s EEZ will be allowed to bid directly"

So Sinopec Bids Directly - gets the best 2 blocks and then gets ERHC to select those blocks so no Sig. Bonus

ERHC gets 60% and Free Carry
Sinopec gets 40%

Me thinks this is a good thing
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