ERHC Energy Inc (ERHE)

[Julius Erving]

Quote:

"Several mid-tier US companies were sidelined in the JDZ bidding process that saw China's Sinopec and Nigeria-based Addax of Switzerland gain highly prospective properties in tandem with US- headquartered, but Nigerian controlled, start-up ERHC Energy."

That's new to me. I thought those companies ran away themselves?

The Doctor is a bit confused here.

"No charges have been brought against the company, which gained hefty rights in the JDZ in the mid-1990s in exchange for helping Sao Tome set up its first oil-related institutions and carrying out seismic studies."

Always nice to know how these rights were obtained, hahaha.