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Re: pappin post# 23871

Friday, 02/24/2006 12:23:15 PM

Friday, February 24, 2006 12:23:15 PM

Post# of 361667
Hmmmm chevron is good for gas but with Joe shea saying there is oil under block 2. Why Sinopec because the Chevron prospect may be the largest on the block 1 and now goes under block 2. If a deal was struck for development Chevron may waste time developing block 2 prospects. But with Sinopec, you get a company that may try and develop block 2 and finance partial development of the obo/?? field. With chevron, I think they may take their time and focus on block 1 since their partner in block 1 is exxon.