Tuesday, May 18, 2010 1:58:45 PM
I too pray that TOTAL will successfully negotiate a position into Block 1 as it would logically portend further negotiations with SNP in /blocks 2, 3 and 4 and perhaps a faster track drilling schedule in these blocks. After having listened and read so many posts, I am of the opinion (not 100% but working on it)that the JDZ, or our portion of it, represents one gigantic resevoir basin with a huge number of areas within it to poke a pipe or two. Chevron must atleast suspect this might be true but finds no cost advantage in virtually going it alone in Block 1.
I was both shocked and pleased to learn that SEO's cost price per share was U.S. 41 cents (if true). I wonder why it was so high as I imagined he would have bought in at about U.S. .002 cents or in that vicinity. That would certainly raise his GAP price from what I feared it might end up being.
Obviously I was smitten with the last sentence of your last paragraph...please SNP/TOTAL and others...make it so.
Thank you again for your reply.
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