ERHC Energy Inc (ERHE)

[Gran Habano]

As I think that everyone knows that has been on this board for awhile, the Chinese have been paying higher prices for developed and undeveloped world oil properties than U.S. firms. A U.S. geologist friend of mine that works for a U.S. major says that they can't "pencil out" anything near what the Chinese have been offering for properties around the world.

IMO, the table is set for further involvement in the JDZ and possibly ERHE, from public comments by the Chinese on their intentions in Africa, their disappointment in their proposed acquisition (Unocal, I believe) and what they intend to do now (build more slowly), their involvement with ERHE in the JDZ, etc. It's just a matter of time..............

Gran