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Tuesday, February 16, 2010 1:16:38 PM
JDZ;
1)- One important reason given for the JDZ announcemnet/info "delays" is due to the fact that the Chinese take a break after each drilling campaign and this coupled with our Xmas/New Year holidays as well as similar slowdowns for Chinese New Year on the part of SNP, has led to a general slowdown in work load involved.
2)- The deadline for the 2ond round JDZ drilling notification date has been (grudgingly)extended for about three months by the JDA subsequent to companies requests.
EEZ;
3)- I contacted EEL and have been told that it has also made its Blk choices. A relevent announcement/update is to be given out shortly to EEL sharholders.
4)- EEL's 15% option is retained, but will/can be exercised only in conjunction and when (and if) STP exercises options available to it on auctioned Blocks.....(this was basically what I understood, as it was too complicated to comprehend and I could not be bothered to request more specificity and clarity). I assume that the same applies for ERHE's two option rights.
spp119
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