There has only been 1 well drilled in Block 2, and Block 2 contains 10 prospects according to NSAI and 18 prospects (structures) according to the operator. Let's way for Phase 2 to see what we have.
Umbra It is simple it means AKPO type structure. They need to link the JDZ all together to make ONE HUGE oil & gas field.
Total is the mechanism needed to complete this with there knowledge and best of all just a short piping distance to hook into AKPO's structure. This is the most cost efficient and is a super fast track to oil and gas production in our very own JDZ and possibly the EEZ. I feel the time extension was needed for Total & Chevron to complete the deal over BLK1. Ask yourself why all the down play from Addax, Sinopec & ERHC lately ???ANSWER : DO YOU THINK WE ARE GOING TO ACT EXCITED ABOUT OUR OTHER BLOCKS??? NO - SO CHEVRON PLEASE SELL TO TOTAL - YOUR SELLING WOULD SAVE US A BUNDLE IN DEVELOPMENT COSTS AND HOOK UP TO AKPO FIELD MEANS FAST TRACK TO PRODUCTION - MONEY!
After reading a few more articles in regards to this buyout I feel that this buyout could happen at any moment. It has been 2 1/2 months that we were aware of this buyout development in the news. This does not say how long has the negotiations have been going on?
Is that why were are not being told anything - quiet time??
In the last new article Tiny said he felt it is close to completion! If so maybe that is why the other extensions may not be needed. The last connection is Total & Sinopec both own AKPO so the partnership in the JDZ is a given. Of course they all know what is needed and will activate there plans when the time is right ---- TOTAL INVOLVMENT! GOOD LUCK EZMONEY36 P.S I sure would not want to be playing short right know!! One acknowledgment of the TOTAL buyout of block 1 and the rest is history! Our future will be extraordinary
Umbra: Think of a very large Soda bottle laying over on it's side 2/3rd's full with the bottle cap end elevated up slightly (block #1). All the soda (oil) is at the other end of the bottle. (The deeper end of the JDZ). The gas resonates from the oil located in the deeper Zone.
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