Everything else is rotting so not see the risk here only monster upside as evidenced in SPADES today, somebody will buy this someday and it will be sweet IN my view. personally want to see .20's again cause that the no brainer buy load the boat for a 5 to 50 X move in a mere fortnight or so
You obviously haven't factored in how many of the crew lived in the Houston area and are still looking for each OTHER let alone any material things that blew away.
You seem to be trying awfully hard to set everyone up to panic if there isn't an announcement this week. Given that there probably isn't a hotel room available within 300 miles of Houston I choose to be understanding enough to wait a bit. Gandur said "the rig should be in position to drill in Q1 [2009]". If they don't tell me about it until December (to prevent Petrobras intervention or whatever) I don't care. If a panic is whipped up and the stock falls, so what? I've held this long and another couple months are nothing.
Anyway, my entire point was a good part of the most heavily populated coastline of the Gulf of Mexico is in turmoil. That includes the friends and family of many of those on the ROO that Addax needs to talk to.
We don't know to what extent all those folks were affected.
Addax wants this ROO as much if not more that ERHC their Stock now is only $10 over their IPO price.
With a low PPS they cannot issue new shares or raise new capitol without major dilution.
Nigeria Sao Tome and the JDA also want a ROO as all their efforts in the JDZ + EEZ Are stalled until there is more interest in the region = more drilling = a ROO in Kina
Angry Asian said 2010 and he was betting on it (I took that to mean he sold shares, but don't know). Ironically, if Addax gets a rig for 1st quarter 2009 then they will have a rig of opportunity to fill the void for the planned but delayed rig that was originally due this year. So now a ROO will mean drilling only six to nine months after the first planned drilling instead of drilling earlier than planned as we (I) originally thought the ROO was intended to accomplish.
Whatever. But I'm thinking back to some of the posters over the last 5 years that got run off the board for suggesting the 2009/2010 timeframe for first oil. I hope we get that lucky. LOL
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