I do not see the big problem here as I equate the terms of a JV partner (not the operator)to abide by authorization from the operator to disclose drilling results as no more than a confidentiality agreement that allows the operator to call the shots. I can think of many joint business ventures where the same type of concerns would come into play. If you were a small firm working with a giant such as CISCO, Intel, Microsoft, GE, etc. on a new product incorporating something you provided I am sure you would not be promoting the progress of the new product to your stockholders prior to the end product being rolled out by the major player. If you did, your product would most likely be replaced (if possible) and you could kiss off doing business with any future majors. You would tell stockholders you are in a joint venture with the major company but not the progress reports until authorized to do so. Why sign contracts if you are not going to live up to them?
If ERHC released news as they saw fit in the JDZ, thus violating their signed JV agreement with the operators, then who would want to do business with them in the EEZ?
I don't like the idea of keeping results of KINA and BOMU quiet but that is the agreement we signed and thus we should live up to the agreed upon terms. I am pretty sure with current mgt we will hear nothing officially from ERHC unless authorized to do so. If there is a leak, I expect it to come from someone in the JDA or a government official of Nigeria or STP.
I do not think we have anything to fear regarding SNP/Addax tabling progress in the JDZ for future development. I think they are hellbent on getting it into production and I think SNP would like to get ERHC under their wing as soon as oil is assured.
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