ERHC Energy Inc (ERHE)

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I disagree , we have the Feltang disclosure early 2007, See links below:

Related to the sale of the participating interest in Block 2, ERHC agreed to pay a $3,000,000 cash success fee ($1,500,000 was paid in March 2006 and the remaining $1,500,000 is included in accounts payable at December 31, 2006) to Feltang International Inc., a British Virgin Island company that was responsible for obtaining Sinopec’s participation in Block 2. ERHC also will issue to Feltang 5,250,000 shares of common stock and warrants to purchase 6,500,000 shares at an exercise price of $0.355 per share. The common stock was valued at $4,803,750 (included in accounts payable at December 31, 2006) based on the quoted market value of the common stock on the date Sinopec signed the production sharing agreement.
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Included in current liabilities is also a $1,500,000 finder’s fee accrual due in cash to Feltang and a $4,803,750 liability to Feltang that will be satisfied upon issuance of 5,250,000 shares of common stock.
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http://www.sec.gov/Archives/edgar/data/799235/000114036107002973/form10-q.htm
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WHAT is TODAYS DATE?? 12/2006 + 5sol = 12/2011 correct?

The Nigerian-born Chidolue, according to the SEC filings, is an attorney for Houston-based Chrome Energy and has served as a secretary and director of an affiliate, Chrome Management Services. Chrome is controlled by Nigerian businessman Emeka Offor, according to ERHC's SEC filings.

It is the role of Emeka Offor that ties in the disastrous history of Nigeria’s refineries with corruption at the very top of Nigeria’s oil pyramid and the dubious privatisation of the refineries. Chrome Energy is the majority shareholder in ERHC. The SEC subpoena requires Chidolue to produce documents related to Chrome, ERHC and Feltang International. Feltang International, according to ERHC's previous filings with the SEC, is a British Virgin Islands-based company that got a Chinese oil company, Sinopec International, to sign a production-sharing agreement with ERHC to explore in the Gulf of Guinea.


Feltang was paid $3 million in cash, along with stock and options that last year were valued at nearly $10 million, according to the ERHC filing. The SEC first launched an informal probe of ERHC two years ago, after the Nigeria and São Tomé and Príncipe Joint Development Authority awarded ERHC equity stakes in five offshore blocks. In December 2005, São Tomé's then-attorney general called on U.S. officials to investigate ERHC's dealings in the region.

"At every stage," the attorney general said in a report, are suggestions ERHC and Offor "may have made improper payments to government officials." The report cited a $100,000 payment Offor's Chrome made to a company controlled by São Toméan President Fradique de Menezes, and the role of Foreign Minister Mateus "Nando" Rita in helping to renegotiate ERHC's contract while also holding 500,000 shares of company stock.

The SEC launched a formal probe in February 2006, and three months later FBI agents raided ERHC's offices on Westheimer and carted off 118 boxes of documents. The investigators were looking for possible "things of value" paid to officials in São Tomé and Nigeria, an FBI affidavit filed in Houston said. On Nov. 15, 2006, the SEC served Chidolue with a subpoena, court records show. He was ordered to produce documents by Nov. 30 and give testimony on Dec. 7, but he has yet to do so.

On June 1, the SEC went to federal court to force him to comply with the subpoena. He has been ordered to appear in court June 26. The subpoena requires Chidolue to produce any documents regarding "the business activities of ERHC ... including any communications with or payments to any government officials in Nigeria or São Tomé and Príncipe." When FBI agents raided ERHC's offices last year, they seized a file labelled "William Jefferson."

Understanding the role of Emeka Offor is the key to understanding an important part of what has gone wrong with Nigerian oil refining.
http://www.ocnus.net/artman2/publish/Editorial_10/Mmecha_Ede_Abughi_Okuko.shtml