ERHC Energy Inc (ERHE)

[kingpindg]

This rumor making the rounds may have helped...


Still in U.S.A, U.S-based oil and gas exploration firm, ERHC Energy, it has retained the services of Deloitte Corporate Finance (DCF) to advise on the company’s oil assets in Kenya and Chad for possible joint ventures amid drop in global oil prices.

One deal on the table apparently is a $5m joint venture with Mercom Oil a London listed investment company with assets in Chad.
The deal rumoured to be a 50/50 split in a new venture sold by Chevron a 25 percent non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for approximately $5 million.

http://www.stockhouse.com/companies/bullboard/erhe/erhc-energy-inc?postid=23956347


There is more information here, but you will have to submit for a free subscription...

http://oilandgas.einnews.com/article_detail/277563157?lcode=f3MHJ0WX5Aii5Fq0hNlRCg%3D%3D


The base source of the information appears to by smallcapnetwork.com., so grains of salt may be needed.



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