Here is his latest post to RB:
*******Update*******
Just spoke with Sam Dimka at the JDA. I asked him how the meetings with XOM went. He said they went "very very well." He said XOM has left and that they must "report back to their principles." Sam said that they will hear from XOM anytime between now and next Friday. Sam said he expects XOM to exercise their options and that "they would not have sent people from Houston if they were not interested." Sam reiterated that if XOM does not exercise by the March 18th deadline (next Friday) that the JDA will assume that XOM is not interested and the JMC will convene to announce awards. He said next week is the time everything gets done since next Friday is the deadline. Sam said we will know for certain by next week. He said that the JMC is very eager to meet and get this done and he must have said this at least 3 times how eager they all were to get this done.
Also, I sent him a copy of that Indian article that was posted yesterday. He said that no awards had been announced and that "some people are just trying to play smart." He ended the conversation by saying once again that this would all be done very soon and that everyone was eager to see this finished.
It's not precisely clear what Sam Dimka meant by "playing smart" in the context of the online Business-Standard article saying ONGC Videsh / Equator Exploration "has emerged a winner" in their bids for a block of the JDZ, but my take is that Dimka used the phrase as in the American version, "He was too smart for his own good."
Whatever the purpose, the article has not improved Equator's share price on London's Alternative Investment Market (AI), where the price remained .85 pence, the same as yesterday's close and well below the intitial IPO pricing of 1 British Pound in December.
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