ERHC Energy Inc (ERHE)

[vineseeker2]

My understanding from the previous post is we are talking about 200 blocks like oml 46. These are blocks with proven oil that have not been developed by the original leaseowner but have been drilled and oil found.
These are supose to go to Nigerian owened companies for 50% or more ownership and are not the blocks on leases to major oil companies that the chinese have made a offer on. Those blocks are still in the hands of people like exon and shell and are up for renewal on their 20th year lease. I believe many of thes marginal blocks are in the delta and were not developed before because of security costs vs output.