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littleBitmoore1

02/24/06 11:43 PM

#25278 RE: leo1 #25276

hi Leo,
hopefully, no (more) panic selling. According to post by S.Freed on elephant fields (whose opinion I have come to respect over time) there is no threat to the awards and the treaty.
Mark posted on RB that he has heard that this should be resolved soon. I expect that will be true.
have a great week-end!
lbm1
p.s. thanks for "calming" your messages down. ;-)
I am sorry to hear of the loss of your father. It sounds like he was a very good man.
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InWayTooDeep

02/25/06 12:03 AM

#25284 RE: leo1 #25276

Leo,

Doubtful that the Treaty will be dissolved. The fact that CVX/XOM has a signed PSC, paid their signature bonus and has now drilled a well, make it very unlikely. The legal entanglement would tie up the JDZ for years.