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Wednesday, March 17, 2010 10:40:17 AM
Until Phase two of JDZ is completed and 3d seismic completed in the EEZ (at which point they can probably have a better idea of what's down there learning from the JDZ experience) I don't think SNP, Total are willing to part with this much cash. Not now, they have time on there side. ERHE needs cash at some point to keep on trucking. That's what the marginal fields are all about. They should get a nice chunk of change for the EEZ blocks, this is why nothing has been done with the marginal field deal, hopefully they don't give up too much, I dought if SEO will give away the farm..all of this is months in the making, not weeks or days...IMO I think that we will be lucky to get full drill results before the annual meeting. The PR will be vague with a slighly positive spin that will be spun by all on this board.
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