ERHC Energy Inc (ERHE)

[ERHClongtimer]

Strass, I was about to post a similar thought. Although it would be really nice to find out the terms of the sale, imo just the fact that Total buys into Block 1 will be a huge positive.

Block 1's proximity to Akpo is a real plus for them. I'm hoping they will not be satisfied with just a Block 1 stake but are hungry for more of the JDZ pie. It's not hard to imagine them coming in and buying out a lot of the junior partners, especially if Sinopec has big Phase II plans, meaning big costs. Under such a scenario, the under-financed junior partners would be under necessity to sell out.

Total taking out the junior partners would be a win-win situation for everybody. It would reduce the nuisance and bring in much-needed expertise.

EHRC is again in the catbird seat with its cost carry in the JDZ blocks; it is under none of the financial pressure that the other junior partners may face.

The next few weeks/months may prove exciting. - LT