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Art2004

03/27/06 11:04 PM

#37168 RE: G-OiL-D #37165

FOOLISHNESS Sao Tome has relatively little power in the JDZ as we have seen by all our awards and contracts.

However, Sao Tome is the heroe of all these newspaper articles about Chevron and Exxon because the Islands are friendly to US super majors. And they are friendly to United States help, guidance, etc.

Sao Tome is the propaganda heroe for now, even though Sao Tome can not even hold an election. lol

Nigeria has pursued oil policies recently that do not favor US oil companies. Hence, there is relativly little mention of Nigeria who really founded the JDZ and is the Senior Partner in these articles.

When articles about exporation and discoveries of oil in blocks 2, 3 and 4 start you will find Nigeria and ERHC mentioned more often.

Dune

03/27/06 11:04 PM

#37169 RE: G-OiL-D #37165

I think if it was all said and done, I think that Nigeria would claim their 200 miles of coastal waters.

Fishdog

03/27/06 11:16 PM

#37173 RE: G-OiL-D #37165

No it isn't "the first shot". Because if it was it would end up in Chevron's foot for being so dumb as to risk losing everything if the treaty is dissolved. Your speculation about this is foolish g-oil-d.

trade2much

03/28/06 10:33 AM

#37263 RE: G-OiL-D #37165

G-0il-D: I think SAO TOME is generic, and is used interchangeably sometimes with the JDZ. I guess we can all speculate, but my preferrence is to look at the facts, and the facts are ERHE has a negociated signed agreement and a great deal.

This stock within 24 months should be $5-10 per share.
I just honestly feel that your concern about the foreshadowing as shakespear called it is a misinterpretation. Having said that I have over the years acquired a rather delicate taste for Crow, so who knows. Just on a probablity scale and by the trading action though if that were correct, we would have felt the earthquake already.