In this latest message, the JDA spokesman offers a convincing explanation for the failure of the JDA to set a date certain for awards.
Here's the message:
******UPDATE******
Just spoke with Sam Dimka at JDA. As usual you can call him yourself at 011 234 9 524 1069. I asked him specifically about the April 9th deadline. I asked him to clarify that April 9th was indeed a hard and fast deadline and he said that it was. I asked him what would happen if XOM did not exercise by April 9th and he told me that the JDA would be able to move on and the JMC could convene to announce awards of the 5 blocks. He said that they could do this because at that point (April 9) the JDA would have done everything they could according to the Settlement Agreement. He said that if XOM does not exercise the JDA will assume that XOM is not interested and per the Settlement Agreement the JMC would be able to convene and award the blocks.
I asked him since it is known that April 9th is a hard and fast deadline why can't the JMC go ahead and schedule a meeting date based on the April 9th deadline. He said that the JDA/JMC is so anxious to get this done that they don't want to set a JMC date, for instance, on April 14th or something and have XOM exercise their options today or tomorrow. If XOM did go ahead and exercise thier options today or tomorrow or this week Sam said that the JMC would meet next week. Sam said the JMC would not want to wait any longer than they had to to meet and award these blocks if XOM exericised this week. He said they would want to get this done as soon as possible and not want to wait any longer than is necessary.
Sorry to go over the same point so many times. I just wanted to make sure I got the point across about what he was telling me. Again, ANYONE can call Sam Dimka and get this information for themselves. He is a PR guy and this is information that anyone can get if they want. Call him at 011 234 9 524 1069.
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