Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (53246)	10/20/1999 12:51:00 AM
From: Douglas V. Fant	Read Replies (1) of 95453

Big Bull, Angola is a supreme deepwater play, as good as deepwater GOM for potential IMO...I heard that Exxon recently drilled no less than 11 (!) successful exploratory wells in a row... The reason I know is because my Company was high bidder on that same block a while back. But Exxon in their wisdom (the number #2 bidder in Round One) hired the Angolan President's son and gave him a nice house and a big position... Hmmm what do you know Angola suddenly decides that all bidders after bids had been revealed had the right to "adjust" their bid... Well Exxon jumped their bid another $50mm and just nipped us in round 2...ha! Oh well all's fair in love and war....

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