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Art2004

09/18/06 9:00 AM

#73543 RE: rheddle #73541

Rheddle, Centurion's statement could be more current than Tuneman's Email.

CEO Luca did state in the Letter to Shareholders that the Operating and Management Committees of each block were meeting during September.

We'll have to see what other reports are forthcoming, but Balance has been posting that he has been hearing first half of 2007, too.
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extractor8

09/18/06 9:05 AM

#73544 RE: rheddle #73541

Looks like it, however sources are different. The Addax message originated at Addax and the Centurion message at Centurion. As both are in the JDZ block 4 consortium, and they have continuous contact, logically their messages should have been the same. Timing may explain the difference: the Centurion message was from today. Thanks for pointing out.
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Rack

09/18/06 9:09 AM

#73545 RE: rheddle #73541

I found this at www.theprudentbear.com from Sept 15th's
Credit Bubble Bulletin-page #1
Junk bond funds saw outflows of $20 million during the week (from AMG). Junk issuers included Anadarko $5.5 billion, Seagate Technology $1.5 billion, Lyondell Chemical $1.75 billion, Berry Plastics $750 million, Agile Property $400 million and Monongahela Power $150 million.

Anadarko borrows 5.5 BILLION-it takes collateral to do that
FWIW
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amj23

09/18/06 9:20 AM

#73546 RE: rheddle #73541

The most improtant line in that paragraph is they are looking for a rig of opportunity and will drill sooner if they can. That is his way of stating their current plans without saying we have one. All pr persons for a company have to be careful. I think that line is telling and I think we can tak a Centurion pr to heart. It's a pr, the other is a friendly email.