Monday, February 20, 2006

Mutwadadi Offers Confirmaion On Block 1 & 2 Issues

Mutwadadi, who has been the best source anyone has in Africa with respect to the Nigeria-Sao Tome and Principe Joint Development Zone, has written ERHC On The Move to confirm much of what we have reported concerning Blocks 1 and 2.
Without further ado, here's his note:

dear joe

a lot of the indications of the goings-on you have reported recently are correct. there are very good signs from block 1. the area of interest looks like it may indeed spread significantly into block 2. the news is already leaking and will have to be confirmed sooner rather than later. there is in prospect a contest for operatorship between at least two very big players. all parties are confident on pscs at least for blocks 3 and 4 will be signed off by the jmc as scheduled. block 2 may prove a little longer as parties jockey for position.


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