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Re: dbernet post# 240095

Wednesday, 05/11/2011 1:50:59 PM

Wednesday, May 11, 2011 1:50:59 PM

Post# of 361038
what make you think we will get much money from farmin's on the EEZ? STP can barely get $2 mil. in signature bonus on a block. We will not get the sweet deal we got on the JDZ. Especially with the non-information vacuum on the drilling in the JDZ. My guess is they will partner with Sinopec only because nobody else will touch the zone until better seismics done etc. Sinopec will rape us again because they are the only game in town besides Total. I think Total has their plate full trying to build up Akpo and get JDZ block 1 integrated with it. All the majors have backed off due to the crazy royalties, taxes etc. I hope I am wrong.

JDZ, the home of the worlds largest Elephant herds.