ERHC Energy Inc (ERHE)

[kaydee]

A hypothesis: If I was the head of Sinopec and I was bidding on the EEZ Blocks would I let anyone know what was found in the JDZ Blocks?

The EEZ auction has been delayed, why not also delay any info about what happened in the JDZ blocks? Why be silly and let privileged information fall into the hands of my competitors?

If the JDZ is like Akpo and turns into a ‘Biggy’ then it would be especially prudent to lower the Cone of Silence and cool it until the EEZ blocks are allocated to the bidders.

It is also necessary when I need to put an exploration and production consortium together. I also need to get rig of a lot of small fry partners who have nothing to contribute and only want to profit from the work my company did. So why would I tell even them? Silence is the word.

Now, this is bad news for anyone who wants to profit from short term information. But if I were the head of Sinopec, I would insist on silence until I have made my best possible deal. I owe this to my owners / shareholders.

The only reason I would tell even SEO would be for him to help me with the respective governments in this part of the world. Again this can wait until the consortium deal is tied down and any deal I want to make with Total is done.

So what if all this takes time, what is another year? Even two? I need to make sure I have the best possible deal for my company and my stakeholders.

This is hypothetical and a guess on my part. The current tone on the message board is still short term gain for speculators. The real business world does not work that way.