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ts3221

03/27/10 4:41 PM

#207515 RE: Krombacher #207514

Krom.

With respect to Total, please keep in mind that Pioneer and Noble were game changers too. Then Addax and Sinopec were game changers. While I truly believe that Addax and Sinopec were indeed game changers in the JDZ, none of these companies have been game changers for the ERHE SP. Maybe Total will be a game changer, and maybe this is just part of their long term strategy for growth. They may not be in any hurry to get to production (see Chevron/Exxon for examples).

Total is just the newest thing for the board to stew over. Long term their interest is great. Short term, not sure it means anything for us. IMO
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midtieroil

03/27/10 11:03 PM

#207566 RE: Krombacher #207514

The deals ERHE made in the JDZ were excellent deals. Far above industry standards. A normal farmout would be what is called a third for a quarter. We did far better than that. But I am not so naive to think that Offor did those deals either. I don't know who negotiated those deals but it was someone with experience doing it, not Offor.