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midtieroil

12/20/14 10:24 PM

#294925 RE: nordicroots #294924

I might agree with you if the MOU was exclusive but I just don't think anyone would pay for a non-exclusive MOU.

condor1

12/21/14 3:27 PM

#294955 RE: nordicroots #294924

After added thought on this topic, it occurs to me that an even more plausible scenario is that PN was active "shopping" the EEZ around, hyping the prospectivity, and talked to some asset management VP convincing him of the possibilities, throwing 1st right of refusal around, if the IOC would take some interest, no money, no promises noguarantees, in initiating some data gathering on the EEZ block.

In exchange, ERHE gets to put out the PR, generating some buzz, and 3rd party interest.