ERHC Energy Inc (ERHE)

[balance_builder]

Extractor8...most interesting.

For review:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26775718


Chevron closing shop 2 year AFTER OBO-1. Dots begging for attention:

1. XOM is initial explorer in arena earning "rights" to explore.
2. XOM "allows" ERHC to select largest rights in best blocks.
3. XOM send top brass for extended period to Island to determine if they are going to apply their 25% rights in JDZ.
4. XOM had much of the JDZ mapped out for ownership (who posted that map?)
5. Africom isn't coming in to watch over Addax and Sinopec.

Stop at this point Walldog:




When Oilphant was questioned as to why XOM sold out their 40% interest of block 1 to Addax, he replied:

"BB: XOM sacrificed one piece in order to achieve greater leverage."

.....in a subsequent post Oily stated,

"yes

and XOM has not left the JDZ."

.....when it was mentioned that XOM retained 2% of B-1 thru Addax, he stated,

"S2R:Think bigger."

....and his latest post he states,

"BB: XOM is about to make a major JDZ move"



Now, Extractor8 posts that Chevron is packing its bags. Their only known interest is B-1 of the JDZ. Could it be....could it be....that as previously conjectured, XOM is buying operatorship of B-1 from Chevron. CVX slips a minor 5% to Sasol and then move over for the big boy to step up front and begin their stroll to becoming the major operator in the JDZ? Anadarko and operatorship of block 3 next? Isn't this about the only way XOM could gain leverage (as Oily suggested) was to sell only to turn around and purchase operatorship in the same block?

Why else would CVX leave? If they were simply closing office to wait until others drilled first, why choose now to vacate....some 2 years after OBO-1 and only months away from drilling in the other blocks (8 months if rig of opp is found). Do you think Addax bought 40% of B-1 to let it sit and ferment? I don't...as I am in the mindthink that Addax is on a mission to prove up reserves and sell to the highest bidder as has been posted here before. Surely they won't let their expensive (to Addax) piece of B-1 go unattended for very long.

Again...niether Addax or Sinopec HAVE THE CAPABILITY OF DEVELOPING in this depth.

Keeping my eye open for PR's. What better time to be vocal than in front of the entire industry operatoring in West Africa....the Nigerian Oil and Gas conference.

Lastly I want to mention to the bad doggies out there that if they were to do some DD, they would learn that SEO really ticked off Addax and Sinopec early on by "shopping" their deal around. Dunno who they shopped around to......but with Africoms real motions toward the GOG.....I would feel comfortable in guessing the "shopping around" was with a U.S. company.

Think about it longs. Where did we learn that XOM hated ERHC? Message board meanderings? Perhaps XOM and ERHC have been in cahoots from day one? It wouldn't surprise this investor. Nobody but nobody has a better clue of what lies below than Addax. They jumped on the B-1 40% for sound reason (Jeff Schrull). XOM and CVX would also be very clued in. Now we learn that CVX is packing their bags. Temporary or permanent? Stay tuned!

All is conjecture.