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Re: rancho post# 2004

Wednesday, 05/04/2005 6:00:49 PM

Wednesday, May 04, 2005 6:00:49 PM

Post# of 361398
My thoughts are that awards are a long way off. That this whole process is a farce. And that the JDA needs to issue a press release as soon as possible to clarify things.

I dont view Exxon leaving as a good thing. (Although I could care less what they do because they are not in our blocks.) I dont view the JDA as having to go to Sao Tome to explain the awards as a good thing. I dont view the report that the oil ministry today rejected those awards as a good thing.

Its all bad news as far as im concerned. If all of the above is true. Which Im not sure it is.

And P.S. to all of those that blamed Exxon for all of the delays think again. Things have not run any more smoothly with them out of the picture.



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