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stocks2rise

05/19/10 2:03 PM

#214723 RE: midtieroil #214722

I would be willing to bet the high dollar lawyers and the major percentage of the $4 million a year that is spent by ERHE. What else could 4 employees spend that much on?
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deadeyeca

05/19/10 2:58 PM

#214735 RE: midtieroil #214722

ERHE long term shareholders want immediate release of both raw data and reprocessed data in the form of a legitimate resource report so that the stock price will move up based on proven reserved added to an empty balance sheet.

ERHE traders want anything bullish released so they can sell on stock price spike.

ERHE management wants to wait for the 'all clear' signs from both SNP and lawyers so they can keep their jobs. And avoid further oversight from regulatory bodies.

SNP wants to wait until the 22nd century so it won't need to disclose exactly how short of crude they'll be assuming their grand expansion plans going forward are so large that they can't possibly put their arms around enough oil to accomplish.

JDZ wants fast results released so they can auction off the rest of the JDZ with abundant bids. And settle the pissing contest in Blocks 5 & 6.

JDZ want results posted so operators can stay obedient to the PSC/JOA deadline of March 2010 plus a 6 mo extension that all consortium members agreed to.

EEZ want fast results released so they can auction off the rest of the EEZ with strong initial bids.

Conversely, EEZ may want muted silence so they can pre-arrange some marriages with Sonongol, Angola, Petrobras, Lusophone, etc. in relative peace.

Nigeria wants quick results so they can solve internal problems with gas drought, MEND, politics and new petro law.

DRSTP doesn't care since they shoot themselves in the foot everytime anyway.

DK wants results released so he doesn't have to field more angry shareholder phone calls.

IH board readers want results released so we don't have to listen to anymore of amj's incessant complaining.

Everyone has an agenda. So, who's agenda gets put in the front burner? The operator: SNP according to JDZ JOA/PSC contract timeline.

Bottom line: SNP 'operatorship' trumps ERHE 'material events' mandate.

Deadeye