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farrell90

08/16/08 3:27 PM

#137420 RE: DegenerateGambler #137416

The agreement between Sinopec and Addax contracting the drillship Aban Abraham is still intact. http://www.rigzone.com/news/article.asp?a_id=42280
As operators any news changing the agreement will be announced as a "material event" If any one can document an announcement by the operators changing this agreement I would like to see it posted.

No one is happy about the drilling delays, but our contract with the Aban Abraham remains intact and I believe will be fulfilled. Obtaining another drilling rig-the ROO, will be challenging in this competitive environment. Addax is comitted to finding a ROO and was close to signing one.

The downturn in oil prices may help free up a ROO as companies review the economics of signing multiple rigs. I believe the patient investor will be rewarded. JMHO Good luck Farrell
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tryoty

08/16/08 6:32 PM

#137423 RE: DegenerateGambler #137416

Dan Keeney said ERHC won't comment on the Aban Abraham's contract with Kosmos, that's for Kosmos to do. Every information source including Kosmos's own website showed a 90 day contract with a 90 day option... until Ledbetter spoke.

The "news" that, after retrofit, the Aban Abraham is heading to a 4+4 first was "released" BY Ledbetter makes it very, very odd that he wouldn't clarify on his statement.

Is this like Afren's "OBO is a billion barrel discovery" getting them bi+ch-slapped into the last century? A whoops?

There is some major misinformation/deflection and truth hiding going on here. The truth as the world knew it changed abruptly this week. Why not throw a bone to your shareholders and explain why? THAT p|sses me off.

Was the richkan post about a consortium being formed to exploit West Africa accurate? Has Kosmos been sucked into that consortium? Is this consortium a "banding together" of companies with rig time to combat Petrobras global rig hogging?

How can a published Kosmos contract change, notice of that change be released by ERHC along with a statement that ERHC will provide no further information, and shareholders say, "oh okay, thanks"?

Am I really "delusional" for wanting a few answers... believable ones this time?