RE: RE: RE: RE: THOUGHTS - AWAIT CLARIFICATIONS The simple fact that Tullow has not stated the amounts of oil found indicates one of two things. either it is so minimal that they did't even think to address it, which I think is highly unlikely. The duty of care on them to report this would be very high.
It is more likely what Oil Run postulated at the crack of dawn today...there is a good liklihood that those reults may be more positive than what it appears to be on the surface simply becuase they want to nail down the rights to the block for the next go round before publicizing good news.
This would be the prudent course of action and indeed would probably be the best thing to do from the perspective of negotiations, legal requirements to look after the best interests of their shareholders while making what disclosure that they can, and political expediency. Maybe they also realize it might be in their best interests to let the government make the hay in terms of a positive announcement. At least that is certainly what I would do if the oil finds are significant and they wanted to get the best mileage out of the situation, as well as complying with legal responsibilities to their shareholders.