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Re: balance_builder post# 209893

Friday, 04/16/2010 11:01:32 AM

Friday, April 16, 2010 11:01:32 AM

Post# of 362034
I find this interesting, not sure why yet.

First São Tomé and Príncipe Exclusive Economic Zone (EEZ) Licensing Round 2010

The international auction block was launched in London in early March and is open until September 15, following the evaluation of proposals, registration of companies and the negotiation of contracts with companies.

from post #209878
The JDA has granted a six month extension to 14 September 2010 to allow Sinopec to complete these studies and to allow the participants to make a properly informed judgment on whether to enter the next Exploration Phase with its commitment of one well.
Four other wells were drilled in the JDZ, three in Block 4 and one in Block 3, simultaneously with Bomu 1. We believe that the JDA may also grant extensions for these blocks allowing the common operator, Sinopec, tointegrate the studies on a regional basis to the benefit of the JDA and participants".