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TheDane

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TheDane

Re: RUBY1100 post# 178483

Monday, 09/07/2009 10:16:11 PM

Monday, September 07, 2009 10:16:11 PM

Post# of 363141
Ruby...I do not think ERHC can pass the 100% EEZ rights on to Sinopec, per the original agreement regarding the rights ERHC aquired. If Sinopec buys ERHC's rights they will need to maintain ERHC as a corporation to hold the rights since I cannot believe Sao tome's will willingly allow the transfer of the rights to another company.

This is my understanding from Rare40's explanation from 5 or 6 years ago. IMHO

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