Replies to post #4339 on JDZ Nigeria-Sao Tome e Principe

[doug c]

I agree with you-so maybe we are looking at a JV deal or merger w/spin off or something creative. I think AXC is worth more than $57 even w/o the JDZ.

[redinvest]

Dat, great thinking. The 8 Bil is indeed too light. The consortium does fit better. The members of the consortium, who have the assets, can decide how many of their assets they plan to donate. I.e., Addax may put it all in there. ERHC may choose to only put in the JDZ, and hold onto the the EEZ. ERHC would get a bigger cut of the pie if they donated it all.

It all boils down to who wants to do what. Grandeur may want to retire, whereas SEO may want to dip his legs into the EEZ.

Meanwhile, all the smaller asset players like EEL and the indies would also get a cut.

Name for such consortium ?? How 'bout the Whiteboard Corp ??

LOL

Red