ERHC Energy Inc (ERHE)

[balance_builder]

"According to the AFX newswire, preliminary drilling results indicate the offshore Obo-1 well may contain more than a billion barrels worth of oil and natural gas. Led by Chairman and CEO David O'Reilly, Chevron is the lead operator of the field with its 51% stake, while Exxon holds 40%. The balance is owned by Nigeria's Dangote Energy Equity Resources and Afren.

Tillerson's and O'Reilly's firms are slated to sit down on Tuesday to plot their course."
http://www.forbes.com/2006/03/27/exxon-zakum-chevron-cx_gl_0327autofacescan07.html


I believe the "plotting of the course" took place shortly after discovery.....and the lid was sealed tightly. Probably the reason it took the blocks operator months...yes, MONTHS, to deliver an ambiguous at best PR about OBO 1.