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vineseeker2

03/06/10 5:11 PM

#203718 RE: kaydee #203704

I don't completely agree, I think the results are mostly known by the partners and any buyouts will be coming from the meetings with Addax/SNP where they discuss future plans and costs. If there is commercial, which I think there is, the partners are going to have to arrange their share of round two and maybe fast track development. I think the chinese will want to have access to the gas and fluids as soon as possible, they had shortages this winter and no where to get additional supplies.
The discoveries can help finance the development if it can be proven, I think Addax/SNP will fast track so the smaller players will be pushed to finance their share and will sell out if offered a reasonable profit on their investment.