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Re: markgovols post# 169092

Wednesday, 07/01/2009 10:36:42 AM

Wednesday, July 01, 2009 10:36:42 AM

Post# of 361000
Thanks, Mark. Here is the quote..."Industry sources also say the Addax deal may pave the way for Sinopec to buy out Houston-based ERHC's significant holdings in the JDZ, where it has interests in six of the nine blocks awarded by the Joint Development Authority, the body set up to oversee exploration."

Notice it said buyout "holdings" as opposed to the company itself.