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africagold

08/10/09 9:47 AM

#173546 RE: RUBY1100 #173543

addax selling to sinopec before drilling is like having an insurance policy in case anything goes wrong but if they hit it big like all of us would like to see, then they have a way out of the contract by paying 300 million dollars which is nothing when you hit an elephant. i also dont think they had enough money and was looking for someone with a larger bag than they have. it all seems to be a win-win for addax.
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Spec29

08/10/09 10:27 AM

#173557 RE: RUBY1100 #173543

All kinds of room in that contract for amendments...

including the price of the buy out.