ERHC Energy Inc (ERHE)

[rocky822]

I have a question re: the article posted by NDT earlier today.

Do Insurance companies typically invest in fields outside of their industry? And, if so, does this not represent a conflict of interest with COB responsibilities to ERHC?

I'm just still not clear how a COB hears about an O&G opportunity and then decides which of the companies he is Chairman of (or heavily invested in) gets the opportunity? So, yes, ERHC may be under investigation by the DOJ which would disuade Offor from taking advantage of these opportunities through ERHC. BUT, if he didn't have any other outlets to take advantage of these opportunities, then would he be doing things differently for ERHC?

It's all very confusing to me and I haven't heard an argument yet that has made me understand how or why this is acceptable.

"The Chairman said part of the proceeds of the offer would be used to acquire a new corporate head office and also invested strategically in the oil and gas sector.