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RKT989

07/14/09 9:03 AM

#170555 RE: bayfisherii #170554

I think we should consider Sinopec's stance as being a novice at deepwater therfore they will not be as cute as Chevron was in OBO1 ..Chinese officials back home have a very public situation in JDZ and want their company to look good....We'll see though because in the end..Who knows..

Nobody..lol
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Fishdog

07/14/09 9:41 AM

#170564 RE: bayfisherii #170554

Bay, I have been informed that the Kina drill will basically be TDC. So well placed that reputations are staked on it's success. It is considered to be a near 'slam dunk' for commercial production ... and we're talking big numbers.
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ccy

07/14/09 9:42 AM

#170565 RE: bayfisherii #170554

I appreciate your insight, bayfisherii.

I speculated before that SNP's chairman might need JDZ to look good, if "China must ensure Sinopec proves Addax really is worth what the oil group is paying for it."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39041611
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tryoty

07/14/09 10:08 AM

#170574 RE: bayfisherii #170554

bayfisherii, that last sentence is a keeper!

Well said.
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TopShelf

07/14/09 8:49 PM

#170653 RE: bayfisherii #170554

Thank You Sir, I appreciate your kind reply as well as the others I rcvd in regards to my question. Nice to understand the basics of the technical side.

Cheers
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Tamtam

07/15/09 4:31 AM

#170659 RE: bayfisherii #170554

bayfisherii, thanks for your informative post which give a better idea of what to expect.
However I do not understand how and why this not have to go public with a huge find can cope with ERHC Energy’s vision to maximize shareholder value

Tamtam