ERHC Energy Inc (ERHE)

[Strategyone]

First regarding AHBL. I don't think Oilphant included this news item in his predicted AHBL. I am strongly guessing that Oilphants contacts and information come from outside ERHE influence. Probably XOM or Chevron. Most of his puzzle relate to drilling details or outside buyers (buyin). I would even guess that Oilphant did not know of this Ledbetter hire.

On to first thoughts of today's PR.

Congrats to ERHE. Good PR. I am thrilled that the new hire "James Ledbetter" did not come from Chrome oil or have a Nigerian last name. That should help matters for negotiations in the world wide community.

Great background and experience from one of the BIG oil companies.

Little quote from Aramco's website under "Year in Review" January 2005 -

"Aramco Overseas Co. (AOC) and its joint venture partners, ExxonMobil and Fujian Petrochemicals Ltd. (FPCL), sign the Project Management Contract with a consortium of ABB Lummus and Sinopec Engineering Institute for the Fujian Integrated Project. The project will expand the existing refinery in the Fujian Province of China from 80,000 barrels per day (bpd) to 240,000 bpd, with significant product upgrading capability, using Arabian crude as feedstock"

So, in the very first paragraph I read on Aramco's website is a tie to both Exxon and Sinopec. Nice start.

On to the CEO hire. Bring it on.

Strategyone