ERHC Energy Inc (ERHE)

[Nightdaytrader]

"Chevron could not afford ERHC's buyout price"

Interesting. If true, I wonder what the asking price and bid price were?

ND9
***********************************************

From RubyMartin's post of Joe Shea blog "Chevron wanted to develop the entire JDZ field with ExxonMobil, thus saving substantially on forward costs, but could not afford ERHC Energy's buyout price and could not get politicians from either Sao Tome or Nigeria to force the tiny firm to give up its rights, despite help from the U.S. Government and a thinly-veiled attack authored by an oil company ally and released through the Attorney General of Sao Tome and Principe"