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Re: Krombacher post# 179027

Sunday, 09/13/2009 9:50:44 PM

Sunday, September 13, 2009 9:50:44 PM

Post# of 363082
Hello Krombacher,

New subject: When is the best estimate when we'll have solid drilling results in either Bomu or Kina or both?

I'd GUESS first week in October for block 2 and second week of October for block 4. I would think that these announcements would be only preliminary and a more detailed announcement would come within 30 to 45 days thereafter in sync with the EEZ auctions. Much success in the JDZ can only stir the pot for the EEZ. I would think the EEZ would be prepared to start auctions shortly after either of these two periods, depending on the success of each block. If the aroma is thick with the scent of oil, they might be able to capitalize on the timing of each result's announcement.

erdo
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