Why all the Offor fuss? Surely everybody realises that Offor is not going anywhere. Why would he have had Chrome buy a controlling interest all those years ago - to leave before first oil?
I wonder whether Offor's presence is being made an issue on the board so that people get worried about him being there unnecessarily. I have read all the posts on the subject over the last few months and am becoming increasingly suspicious as it seems to be making a mountain out of a mole hill.
"Get rid of a historically corrupt Nigerian majority shareholder and all of a sudden the share price will rocket" they proclaimed ....
Despite everybody's high and mighty honesty pitch, people invest in oil comapnies to make money and who cares if a few brown envelopes changed hands to secure the rights ERHC now holds.
Offor, or no Offor, once oil is struck, this will skyrocket.
If anything I still view Offor as a plus for the company due to his political connections in Africa and ERHE's goal to secure rights in "areas where we have a competitive advantage".
I think the people making a fuss about Offor have their own web they are trying to spin.
All IMO, of course.
R
Market Data 
Markets 
