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Re: midtieroil post# 277864

Friday, 08/23/2013 6:30:38 PM

Friday, August 23, 2013 6:30:38 PM

Post# of 363142
I don't know what it means. I don't know the terms, if any, that they accepted to relinquish the block. I also don't know what other projects they may have commitments on. But I do know that they did not have a carry, so deepwater costs on top of those may have been a factor.

For all we know they entered into the block with the intention of flipping it prior to development, knowing that costs were out of their league. We probably will never know.

You opinion that they left because it was a bust could be true, just as many other reasons could exist. Rather than state my opinions as fact, as some people do, I am content to state a truthful and candid answer... I don't know.

There's no harm in that. What Afren does is Afren's business and has little to no effect on ERHC.

People maintain anonymity for a reason and it is rarely noble.