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Re: YankeMike post# 208304

Friday, 04/02/2010 12:02:39 PM

Friday, April 02, 2010 12:02:39 PM

Post# of 362594
This is one of the things I see as most important in what is happening with the JDZ. Addax has another block in the same area they have to drill by this summer, if they wern't finding what they wanted to in the JDZ they could have used the forth well slot to drill OPL 291 instead of the optional well in block 4. They chose to drill Oka East and still have to drill in OPL 291.

I also think Totals interest in the area may have to do with our release of drilling results. If Total is now reviewing all of Addax and Sinopec's drilling information while working a deal to buy in I don't think Addax is going to want to release any information that Total might not agree with. Oil companies have been known to give prospective buyers info that the public, including their shareholders haven't seen. Why not get a second opinion from the people who developed very simular real estate.