ERHC Energy Inc (ERHE)

[farrell90]

A bidding war is always a possiblity. A few months ago about 50 companies expressed some interest in Kosmos's stake in the Jubilee field.

http://www.energy-pedia.com/article.aspx?articleid=137817

This week Total,the operator of nearby Akpo, stated they were commiting $20 billion to securing Nigerian oil assets. The Indians also publicly stated they were actively seeking hydrocarbon resources.

http://www.ngrguardiannews.com/business/article02/indexn2_html?pdate=250210&ptitle=Total%20to%20invest%20$20b%20in%20Nigerian%20oil%20and%20gas%20industry,%20commissions%20new%20project

IMO The only way Sinopec can avoid multiple suitors is to make an offer above the market price or offer such an attractive combination of cash, stock and incentives the other companies will be unable to compete. An offer too good to refuse. LOL, Farrell