ERHC Energy Inc (ERHE)

[amj23]

totally disagree. sinopec did not get where they are by being stupid. If i were them, I would bring in a partner,like Total, makes the most sense.
Sinopec should want erhc out of the way, we are a burden at this point with the free carry.

Take us out , partnering with Total, they need someone to come in and pay their share of the drilling and the development costs, Who has the subsea system just north and the cash? Exactly what Total did in akpo by bringing in CNOOC. CNOOC paid 2,56 billion for their percentage and 2 billion toward development to start with. this is what they need to cover all these costs and explore further.

still think they did not drill far enough for the oil, because they know its there and talking about gas is the truth in a backdoor way.

yeah, you've found gas, you always do in an oil well.

very smart move on Offor's part , the free carry, but remember they, sinopec and Addax, made this deal with Offor years ago and i believe by design.