aed sinopec joint venture...60pct sinopec, page-67

Z,

to date and with AED only they have only managed 6000 bpd.

Part of this story is that with Sinopec they should be able to boost output in a very big way.....especially with their experience.

I am with revels...but think we will see it open higher then $2.50...somewhere above $3.00 for me.

But $4 is on the cards imo on monday.

My only question...or the thing I am not grasping at the moment is the Chinese strategy in their of buying into Australia oil and accumulating so agressively.

Big picture wise..I dont understand what the chinese are upto but it seems they want to own everything to either build china or sell it all back to us at higher prices.

But boy do they have money.