ERHC Energy Inc (ERHE)

[Nightdaytrader]

I have said it many times. Kosmos is producing 30,000+ barrels of oil, each day, in Equitorial Guinea. During the oil crisis almost 2 yrs ago, the Kosmos CEO panicked and sold and or got rid of, almost all the International Exploration acreage, including Suriname, Namibia, Sao Tome, Congo, etc, etc... He did this to raise money.

However, Kosmos kept EEZ Block 5 and they were fighting over EEZ Block 4. Why? Why did they get rid of, almost all of their unexplored acreage, but want to keep Block 5 and fight for Block 4? Because you can draw a straight line, East to West, from Kosmos fields in EG, straight into STP EEZ Block 5 (where Kosmos has already identified a prospect to drill) and into STP EEZ Block 4. Kosmos believes there is oil along that East to West line..

ND9