ERHC Energy Inc (ERHE)

[farrell90]

Blair may have signed on for the stock options. He is an experienced, accomplished executive with intimate knowledge of not only the West African oil business, but the JDZ, EEZ and ERHC. His record of helping Addax complete the 8 billion dollar sale to Sinopec almost certainly means he had a choice of jobs and opportunities.

It is hard to imagine a successful individual with this background, knowledge and experience would accept a position with a company he has intimate knowledge of unless he was absolutely sure he was going to benefit in every conceivable way- financially, professionally and personally.

This quote from the 10K is key to understanding Mr Blairs appointment:

"Mr. Blair played a big part in building Addax Petroleum into the largest independent oil company in Nigeria with production rising from 8,000 bopd to over 120,000 bopd in ten years. He was also instrumental in Addax Petroleum’s acquisition of interests in the Nigeria-Sao Tome and Principe Joint Development Zone... "

Mr Blair brings a lot to a penny stock with no income and a market cap under a billion dollars. Only one explanation exists for Blairs acceptance of the ERHC board position : He knows ERHC is going to be tremendously successful and he will directly benefit from the success. Good luck, Farrell