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midtieroil

07/21/10 1:28 PM

#218654 RE: DegenerateGambler #218653

I don't see how ERHE can possibly release the NASI results given the fact that we have been told for over a year now that they could not release drilling results because it was up to the operator to do so.
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tryoty

07/21/10 10:28 PM

#218700 RE: DegenerateGambler #218653

Let's take a risky adventure...

This link will take you to the spreadsheet I threw together. Everyone can make changes as they see fit, which also means anyone can destroy it as well. If everyone "plays nice" the collaborative result might be interesting. Note: If you make changes, make sure to click File->save before you close the window.

http://spreadsheets.google.com/ccc?key=0AjtF-OX2sPVSdDdOVkk5VC1kQU9rb2hpLV85RHBGeGc&hl=en#gid=0
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Julius Erving

07/22/10 5:33 AM

#218705 RE: DegenerateGambler #218653

RC,

Some of it I already asked and posted here. Here it is:
(Imo you can deduct from this that NSAI has full access to the raw data Sinopec has, and as we know NSAI will not disclose any of it to the public, obviously because the data is confidential for as long Sinopec decides it to be.)

Doc,

NSAI is incorporating the information gathered during drilling to develop its report on estimated resources. The analysis that is underway is intended to guide future drilling decisions, but the information gathered during drilling is what NSAI uses – not the operator’s analysis of it. So why do the report? 1) An up-to-date report on the Company’s holdings is needed for the AIM listing (as referenced by a poster this morning on iHub, it is part of the Competent Persons Report developed in advance of listing on AIM. 2) It is standard for a company to periodically update estimates of its resources, particularly following events (such as exploratory drilling) that could cause earlier estimates to become outdated.

Sincerely,

Daniel Keeney, APR
DPK Public Relations

DFW: 214.432.7556
Houston: 832.467.2904
E-mail: dan@dpkpr.com
Web: www.dpkpr.com
Twitter: http://twitter.com/dpkpr
Blog: http://www.theprcounselor-blog.com