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Re: badog post# 240422

Saturday, 05/21/2011 7:23:08 AM

Saturday, May 21, 2011 7:23:08 AM

Post# of 361126
oh come on! They paid $130 million dollars signature bonus, drilled one well "off structure" and then decided it was not worth it and bailed? Off one well they bailed? Come on. They bailed because they could not get all the property they want in order to develop the whole zone. Both companies have deep pockets. They could afford more exploratory wells. But it would have been too expensive to try to do a separate FPSO etc just for the one block. Total has the ability and infrastructure right next door. Sinopec and Total are partners next door. Connect the dots. And go away. We don't want you saving us from ourselves. At this price you can afford to pony up so scratch and jump all over this long term play. Why don't you?

JDZ, the home of the worlds largest Elephant herds.