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Wednesday, January 27, 2010 12:22:40 PM
OFFER doesn't want JDZ results released until he knows his 2 EEZ blocks, then he can negotiate between Sinopec and Petrobas.
IMO OFFER is only interested in getting the most cash for the EEZ blocks, he KNOWS whats in JDZ. He has interest in the SP at this time, he's not selling at .43... The next bunch of EEZ blocks will add value to the company..
The question is will Sinopec and Petrobas be willing to pay a premium for the unknown..
This is where the JDZ results come in, it will confirm the seismic readings and put a real value on ERHE.
And with new cash and position, OFFER can now buy up quality Nigerian properties and build his oil empire..
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