ERHC Energy Inc (ERHE)

[ERHClongtimer]

RKT, I think this is a very noteworthy point. After years of delays in the JDZ, I think STP is fed up with the long waits. (Didn't someone from the ANP-STP say that they were hoping to avoid mistakes made with licensing the JDZ?)

In fact, the ANP's "A Strategy Outline for Petroleum Sector in the DRSTP" hints at favoring operators that will get the job done as opposed to those who are willing to pay big signature bucks:

 
 2.2.4 Meaningful work programmes. 
  
 The host-country can only achieve success in licensing if it can extract a 
 commitment from the licensee to carry out a work programme that will either 
 lead to a discovery or to the acquisition of data that will stimulate the 
 tinterest of new applicants. In the long term, the value of collecting 
 high-quality and relevant data is perhaps higher than any signature  
 or other bonuses negotiated in the contract.

If ERHC wants to give itself the inside track on the EEZ block awards and garner the favor of the ANP-STP, it would do well to have lined up in advance a get-it-done partner with a proven track record in deep water. Thus they can show the ANP-STP, in Peter's words, "This is what ERHC can do; this is what we have done." - Longtimer