No one really knows what's in store for us...
After years of planning, Auctions, Licenses, PSCs and finally drilling... we are all STILL speculating about the future of our company.
Mixed Messages - you bet - always have been
True some buyout chatter exists - but only Chatter, [perhaps there are some preliminary discussions going on .... I hope there would be ...
But after results are in, the Chatter will certainly heat up again ...
Personally, I think it will be BAD business to have our name tagged to any EEZ round - this brings me to the reason I feel we will be sold prior.
Even though we are legally entitled to our blocks, we have earned those blocks and in doing so helped Sao Tome in their journey to be a prosperous, healthy producing Oil Country.
I feel the PR nighmare may be too much for all involved.
Future Headline "ERHC strips Sao Tome of $200 Million in Signature Bonuses"
SEO/Chrome and ERHC, Sinopec and even Nigeria will have to answer to this again and again,
we will continue battle these on going PR wars and perhaps another STP AG report [even though the first one was BS - the negative PR did hurt us and we will NEVER win over the hearts and minds of the STP'rs and those that represent them]
I just think SEO will be given other sweatheart deals down the road, to do with China and he can finally move on from ERHC of which the ride for him was certainly trying.
Having the Chinese take 2 100% blocks in STP will go over much better for all stakeholders. Much Better...
Not to mention the risk and time frames involved
Give any shareholder $4 tomorrow and I'm sure 80+% would be happy to Tender - Hey then we can all go buy SNP - WinWin
All IMO
