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Tuesday, July 05, 2005 12:28:27 PM
1) a new rig was completed last month and is heading for GOG. Takes approximately a little over 2 months to arrive.
2) Psc's are to be signed before Sept 1st on blocks 2,3,4 ( have also heard from a birdie that says within two weeks)
3) another report that says drill bit to hit the floor in 60 days.
4) Nothing can be done until PSC's are signed. When that happens the property can be drilled on, farmed in, or percents sold to help pay for drilling costs.
5) Buyout/in report leaks out.
6) Alot of oil companies looking to buy other oil companies to increase reserves.
7)Chinese trying to buy oil anywhere in the world they can get it.
8) US negotiating to put in deep water port to protect interest in the region. Do you think they will broker a deal to make sure Chinese won't get a 38% hold on the JDZ?
All of the factors are converging on the next 60 days. Anyone else have any other thoughts I may have missed?
My shares are cemented in my hands.
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