Gasman,
Unfortunately I have no unknown resources either.
But like you I believe that the longer we wait to receive news then the probability that the news is favorable rises.
It defies everything I know about this industry to assume that both exploration companies would wait this long to release information that discloses little or non-profitable hydrocarbon horizon in the zones they drilled.
I can only fathom that the players(percentage owners) are putting together a comprehensive strategy for extracting the reserves and as much value as possible.
What no one has mentioned is what price the current percentage owners are going to pay to bring TOTAL into the mix. Effectively what I mean is, we have heard that we are dealing with enormous pressures in the reservoir as well as enormous external pressures from being over 5,000 feet below the surface. It may be a necessity to bring in a company like Total with their experience to produce these fields. If Total is going to buy their way in they may want a discount to bring their expertise to the table. ERHC may be the obvious target for Total to buy-out to get their foot in the door but SEO will probably expect the other 'Rights Owners’ to subsidize this move.
If I am anywhere near correct then you can see that a lot of behind the scenes negotiations will have to go on before the, "New JDZ Consortium" can be put together and all findings released.
Again these are just my musings so take it for what it is worth.
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