BB may you be right!
Anything short of that and we WILL lose lots of money.
As to Stockguard, I'm surprised at your comments. Could you point me to ONE piece of valid, verifiable info or DD he posted? Not that it's a big deal, but I couldn't find one. Besides, the level of his thinking and writing was just downright scary. I'd say he is either working in the main or a large pumping crew or he's a small fish in the Insiders Pond (PXD? Long shot though.)
As to this comment "I was ultra surprised to see the JDA layed out a time schedule on the PSC process" well, I wasn't. To my eyes the reason is very simple. Both countries, especially STP, want the sig money, and THEY WANT IT NOW. The latest hoopla about the "investigation" in STP is simply a way to show the world bank that STP has their own "transparency" thing going on, think of it as a nice coat of clean varnish on an old crappy piece of furniture (same here with our politicians of course.) It may result in a few small players being kicked out, no big deal. Either way I fully expect XOM to be dominating the GOG by scarfing down a couple md-tiers within one to three years.
Yes, so far the JDA have kept it in the ballgame, and I also agree that it can change overnight. In fact I would be downright AMAZED if these "standard business" items were properly taken care of:
1) The PSCs are signed on schedule
2) MORE importantly - and as others have rightfully pointed out - the JDA and/or companies adhere to Obasanjo's transparency bull$hit and immediately publish enough of the details that independant, OUTSIDE oil analysts (and in turn the investment firms that rely on this) can make a decent evaluation.
3) Right on the heels of the above, ERHE actually shares with us shareholders a business plan complete with timelines, goals, financing, etc.
IF this is accomplished we do have a shot at getting the SP by Xmas perhaps not where it belongs but in the $1-2 territory. But given what we all have seen Offor pull so far, I'm not holding my breath.
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