ERHC Energy Inc (ERHE)

[vineseeker2]

Gambler, I agree with the time line for anouncing what is in the JDZ. IMO, we will get news because the chinese spent 7 billion on Addax, they have tried to make several deals and did not closed them. They are in need of a win. The anouncement of a big find in the JDZ would give them that. It would allow them to create a news stream keeping Sinopec's name and Addax's in the news for months, if played right.
There is also the fact one of STP first three choices in the EEZ is not promised yet. I have been to Oando's site and they have no deep water experiance & have two of STP's first three picks, I would expect SNP has been talking to them already.
I think the perception of being a winner & suscessful will carry a lot of weight with different countries oil ministries. The twenty three blocks china went after in Nigeria were not gained. The Nigerian oil ministry said they were not willing to walk away from old partners (with suscessful track records)
I have always been in the "deal sometimes after drilling" camp, I don't believe the chinese will buy an unknown unless it is really, really cheap & I don't believe SEO will part with any of our investment for less than what he thinks it is worth. I also think SEO will sit back and collect over the next 40 years if he dosen't get his price for a sale now.