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stockhocker

01/22/06 10:29 PM

#19044 RE: Art2004 #19043

Art, if STP uses a successful drill in B1 to "try to raise the ante again on signature bonuses", the ERHC deal would cost them even more than the $58mm, at least according to the way these folks think.

Conversely, if the blocks sold for $100 each, the deal with ERHC might just cost them a buck and a quarter. I bet everyone there would be happy with that and we'd be drilling by now. Go figger'...
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InWayTooDeep

01/22/06 10:38 PM

#19047 RE: Art2004 #19043

Strong work Art,

Here's to hoping that the Nigerians nip this in the bud.

Expect more definitive news soon.

thanx for your analysis!