Total won the Arbitration case too. Doesn't that also give Total the right to enforce its contract just like Kosmos?
Maybe that's the reason Kosmos didn't enforce it, because it realized it would now have to resolve the issue with Total, who has infinite resources to continue fighting a legal battle which Kosmos clearly doesn't want to fight as evidenced from their withdrawal in Harris County.
I don't think the STP "intelligence" was wrong. I think there were two bidders, one dropped out and the other was not financially capable. Shell came in after the fact and it may be possible that they didn't even bid on the block, but were simply invited to participate in a PSC. But I'm not sure about that.
I think STP brought in Shell to clean up the mess. Total is a "royal" in the oil patch. So you need another "royal" like Shell to bring this to resolution. I'm confident ERHC will get its piece as a pioneer in the field. It will be respected.
Krombacher
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