ERHC Energy Inc (ERHE)

[kingpindg]

I believe I have only expressed doubt about the existence of a stealth PSC and do not recall making any posts connecting the 400-page document to the theory of a stealth PSC. If you can improve my recall by finding such a post, please do so.

To my thinking, if a PSC (stealth or otherwise) existed then STP would not have attempted to strip Total/ERHC of their rights and the bidding process would never have taken place. They would have been happy to have received a signature bonus and other payments (training, etc.) that PSC’s bring and, more importantly, they would have been pleased that progress was being made toward finding commercial oil (possibly), which is what they want more than anything.

Thank you for the update on the bidding process. Did your STP contact specifically say that Bidder 1 pulled out because of the CE?


.