I had the exact same question. If the JDZ is this promising, the larger assets in the EEZ should be worth far more and the total sum would be far above $10 / share. If they are saying we will pay you (ERHC) now to get rid of you and we (SNP/Total) will take our chances on whether the EEZ is commercial or not, then I would accept $7.75 and walk away happy. Would be far happier to get $ 7.75 per share for JDZ and still have EEZ assets. Would not mind then how long the EEZ takes to develop.
Kudos to BB on his post; I always look forward to his thoughts and hope his sources are close to the action. If what he says is spot on and we get some sort of word by the end of the year I would be ecstatic.
Never did believe we could go from 14BB estimate in the JDZ to next to nothing.
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