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Re: midtieroil post# 210332

Tuesday, 04/20/2010 8:34:20 AM

Tuesday, April 20, 2010 8:34:20 AM

Post# of 361654
midtieroil,
BINGO - You win the prize. I previously posted the exact same sentiments. Last week I grew somewhat discouraged that what I was saying about secrecy wasn't mentally followed to what I see as being the root of our problems. IMO the Communist Chinese (CC) have us tied, bound, and gagged and while they may not sue us if we let slip information they want to keep quite, they (CC) can use delaying tactics, costing us monies each day, and/or have an adverse financial effect with our EEZ efforts.

When we were discussing last Friday's EEL report which referred to SNP hiring a Chinese geophysical company to "reprocess" the data, my radar immediately focused on the fact that the Chinese Central Government not only approves/disapproves the moves made by China's corporations but uses them for subversive purposes. I am leery of SNP and even more leery when they use other Chinese companies to "reprocess" anything. China has plenty of political prisoners who are being "reprocessed" through "reeducation".

I feel like we are trapped and my formula below (which I thinks encompasses our plight) counts heavily on SEO cutting an acceptable deal. The partnerships is now "partnership" and is a farce. The term "potential hydrocarbons" will remain "potential" (not proven) until the CC deem it is time to release the info. SEO is now the only true variable in the formula. IMO

Jim

ERHE = SEO + rights & potential hydrocarbons + partnerships
Jim Long