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Re: Meridian post# 32527

Wednesday, 03/15/2006 12:42:26 PM

Wednesday, March 15, 2006 12:42:26 PM

Post# of 367120
ERHE Speaks..hadn't seen this!
"The Gulf of Guinea is seen as a hot spot for oil exploration in the coming years. Walter Bradhuber is chairman of ERHC, a U.S. company selected Tuesday to operate one of the blocks.

"After extensive period, a lot of work - we finally achieved, I think, a milestone and we are very happy about it. And I think it is a fantastic opportunity not only for the contractors but definitely for the countries," he said. "And it is, we believe it has tremendous prospects and the potential for benefiting the people of the countries of Sao Tome Tome and Principe and Nigeria. It's fantastic. It's been a long, uphill struggle but then again, I think its certainly worth it. We believe this is the future."
Jean Gandur of Canada-based oil company Addax says oil companies should look at ways of making a difference in the lives of the people.
"We must all of us understand that we are invited by these countries to operate their fields. This oil belongs to them,to start with," said Gandur. "We are here to help these people to get revenue, we have a responsibility, a human responsibility, a state responsibility. We are not here not only to make money, the national content, the social obligations is something in my mind every morning when I wake up."

h**p://www.voanews.com/english/2006-03-15-voa34.cfm



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