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To: BubbaFred who wrote (30887)	4/6/2003 7:40:40 PM
From: TobagoJack	Respond to of 74559

Fred, <<Did the two China's oil companies made excessively high bids for stakes to the Baltic oil?>> Do not know, but it could be true, though they are not generally generous with moolah, except maybe for 'foot in the door' plays. OTOH, if the central bank want to diversify its foreign currency reserve into things, then excessively high bid is a matter of interpretation;0) OTThirdH, depending on the level of 'excessivity', it could also be that they believe they can explore and develop the field at lesser cost. Chugs, Jay