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Thursday, June 10, 2010 11:39:20 AM
By reading this people should see BIG things are in play!
I really feel that TOTAL is the answer and as soon as the buyout of Chevron is reached in block 1 the plans will develop very quickly.
TOTAL's addition is the key -- and I feel is why we have all this silence.
Our operators were granted a short extension and I think it was done to provide time for TOTAL's to achieve this buyout agreement with Chevron.
Once the buyout occurs in block 1 the future will be set.
I also believe we could get NEWS of this at any moment !
I bet the JDA and Sao Tome is pushing very hard to have this deal done pronto although they gave the extension I am certain they do not want to wait the full term - they want it done now.
Allot is riding on completing this and I am sure Sao Tome is putting the heat on the finalization so they can finally promote the EEZ auctions with the JDZ results.
This silenced information is not good for the EEZ auctions and they want to open the flood gates of information from the JDZ.
But also Sao Tome knows that TOTAL with there AKPO field only miles away would Fast Track the petroleum revenues and this is also very important to all the operators in the JDZ!
The first news of the TOTAL buyout of Chevrons Block 1 was reported on March 1 and I am sure negotiations were going on well before the news sources got wind of it and reported it.
We know they have had 4 Months +++ to get this done and that is why I would think this completion of this buyout could be reported at any minute.
We must remember this is very important for all of us and I would love to see it happen today!!!!
This news alone should in my opinion will give a healthy spike in our Share Price!
Take Care
EZMONEY36
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