ERHC Energy Inc (ERHE)

[vineseeker2]

Total in size is second to Exxon and larger than Chevron, why would anyone think they are not looking at their oil investments in the same way. We are not talking about some pissant also ran oil company, but one of the worlds largest and most sucessful. If they are looking to buy Chevron out it's because it works in their development strategy. Total has two major fields within a few miles of the JDZ, Chevron has nothing other than block 1. Total has the experiance of just developing the Akpo and Egina and Egina South fields, they have a staff in place ready to develop another field of the same type, chevron has no one in the jdz since their drill ship left in 2006. They have staff in Nigeria, but that is shallow water and on shore developers. How many staff does total have to add to move in another development, my guess is not many. Chevron would have to start from scratch, and maybe hire some of these same people from total, at higher salaries. The deal makes sence if there is a lot of oil and gas in the JDZ, but total is not interested in marginal fields in deep water, don't try to treat us like unknowing children. We are not going to give you our ugly green paper for your shinny dimes.