It's been posted here by many that ERHC was very quick to secure a new partner. While it may seem that way on the surface, such deals don't occur overnight, whether that be Noble withdrawing or ERHC securing a new partner. Obviously, both moves have been at work for months.
I wonder if the dreadful shareprice we've seen could be the result of a longstanding, inside knowledge that Noble was on the rocks, from the day awards were announced. I wonder if they have been threatening to withdraw from the very moment they learned about the indy percentages, knowing these participants would be nothing more than dead weight.
It could be they (Noble) have been trying to get the JDA to drop the locals and when that didn't happen and it became time to sign, they wouldn't pick up the pen.
Certainly we did not go out and secure a new partner in 4 days. I'm guessing insiders have known for months that Noble was not happy, and I am guessing that this has put a damper on things. Perhaps the "official" knowledge of the w/d and securing of the new partner has bumped us up a little.
As you know this stock moves little by what the average Joe (no pun) knows. It is rather the "insiders" that drive this thing and perhaps those insiders feel better about our new partner than they have about Noble, post awards.
Never a dull month with this one.
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