ERHC Energy Inc (ERHE)

[Strategyone]

Sinopec will disclose info.

Keep in mind that even though Sinopec might not be jumping up and down when they make discoveries, they are still under legal agreements with the JDZ. Remember when CVX drilled in block 1? Someone from the JDZ was one of the first to speak publically about the find. Granted CVX knows more of the specifics and they put a lid on the info but a certain amount of info will always get out through the JDZ.

Example Scenario:

First of all, we already know CVX did strike oil in block 1 and that they purposefully drilled off structure.

We also know that the AA will be drilling 5 to 10 holes in the JDZ and the ones that Addax controls will be publicized (they have a proven record of PR'ing their discoveries).

By the time Sinopec gets information back regarding their discoveries, they will have to share some of the information with the JDZ per agreements. By this time there will no longer be much reason for Sinopec to keep their discoveries a secret and they will likely not pressure the JDZ to put a lid on it. So Sinopec may not have the shareholder pressure to party like wild animals but the JDZ will still have the motivation to spread the word as there are still more blocks to auction off.

We will be notified, IMHO.