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Message: Re: from kry forum - re grz
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Mar 15, 2009 06:59PM

"Belanger said Rusoro and Endeavor could ask for a rehearing but, given the language used by the judge, that seems unlikely. They have until April 2."
So we need to keep a watch as to whether anything happens by April 2nd. Expect an offer from Rusoro and Endeavour shortly there after to settle the matter out of court.

Belanger is also credited with saying:
"He said the company has held off seeking arbitration while awaiting written clarification of the Venezuela government’s reasons for its action, but a petition by July is likely."

So for those that have been impatient for us to go to the ICSID, July seems to be the target date should Hugo Chavez not take note and suggest a compromise.

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