ERHC Energy Inc (ERHE)

[RUBY1100]

Rocky good point ERHC gave up alot actually a TON 49% of a split oil company ERHC/STP - in 2001 it went to 5%

if we were bribing STP officials we sure did a lousy job
getting far LESS than we started - and renegotiated again in 2003 for even less 0% !!!!!!!

as it turns out the increased JDZ blocks became more valuable as oil increased / demand increased / our 15% x 2 in BL 2,4 doubled and we got Sweatheart FREE Carry deals to first oil

regarding the Free sig bonuses - no one could have possibly known that in 2003,2004 XOM balked twice at BL 2,4 and that is the only reason the Sig bonuses was such an issue as ERHC took full advantage -

we were supposed to get far less and as a result STP got the shaft.