Ruby, I think lots of companies have the expertise to produce from the JDZ. Like Petrobras, Shell, Total, BP, etc. etc. etc. The waters are deep from what other posters have said, but not incredibly deep. Certainly not as deep as the STP EEZ waters and the deep U.S. Gulf of Mexico. If Addax and Sinopec have any hestitation, that can always JV with one of the biggies or more likely just hire the talent. If you pay them, they will come. Ledbetter did to ERHE. And Schrul did to Addax. So, water depth in the JDZ is not a real barrier to the existing JDZ players.
I don't think you can read too much into all of this. BB's post was intriguing and it would be a hoot and a half to see XOM kissing up to SEO. Ditto the posts about CVX shutting down their STP office and the possibility that "C" is selling out to XOM so that XOM can be the operator of Block 1. But, I don't see why XOM would need to sell its interest in Block 1 to Addax to then turn around and buy CVX's interest to become the block operator. XOM would need JDA approval for any purchase of CVX's interest and also their approval to become the operator of the block. Betcha Markgovols would have heard something from his JDA contact it that was the case. I know his dad said he had been busy with his own business, but I doubt if Mark is too busy to let us know if this kind of development was really about to happen.
Oh well. As I said, all of the posts today were intriguing, but this long time shareholder would just as soon have some real news. A deal before drilling would be great, but if we have to wait for drilling so be it.
JMHO and GLTA.
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