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Nightdaytrader

05/04/09 7:25 PM

#160493 RE: midtieroil #160455

Midtieroil, how can you say that just because XOM didn't like what they saw in JDZ Block #1 OBO well, they sold out and "that means very little for our blocks or even the rest of Block 1"

So you're saying that based on only one well in Block 1, XOM doesn't like blocks 2, 3, 4, 5, 6, etc, etc... That's really a stretch and hard to believe. That would mean that after 1 bad well, or after a duster, companies pack up leave... Sometimes yes but that's not always true.

I could turn it around on you and say that the other super-major, Chevron, liked what they saw in OBO-1 and so they decided to stay... in addition, I could use a similiar extrapolation like you did and say the Cheveron thus likes blocks 2, 3, 4, 5, 6, etc, etc...

ND9