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Re: Krombacher post# 218496

Monday, 07/19/2010 11:39:27 AM

Monday, July 19, 2010 11:39:27 AM

Post# of 362878
Krom: It does not matter what Total paid for Block 1. CVX was up against phase 2 drilling requirements. Total was not buying a house on the same block as ERHE, So your comparable pricing stategy does not hold. That type of analogy could be used to value any patch of sea floor within couple of KM from any producing well, It will not due. If The Oil is in Block 4, SEO will get a price that is equitable to what lie beneath the sea floor in his Block!


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