ERHC Energy Inc (ERHE)

[tryoty]

Things that make you go hmmmm..

"The Terminal Link, a French subsidiary of transport giant CMA-CGM group, expects to invest US$400 million for construction of new deep water port with a total area of 80ha at Fernao Dias, 10km north of Sao Tome city. The new port facility will handle containers and it's expected to transform the islands’ economy and make the country a regional maritime transport hub. This country top priority project will serve as a multifunctional complex serving the needs of the island, acting as a point of call of service for offshore oil platforms, and act as a transshipment hub for the region.
In the short term, the development of a deepwater port would affect the current inefficient logistical stream and lower costs of importing and exporting goods and commodities. It could also provide facilities and warehouse space for the use of offshore oilfield support contractors. In the long term, the development of a deepwater port could provide moorage, refueling and other services for commercial and other vessels and even support an offshore fishing fleet.
The construction of the deep water port in Sao tome and Principe will begin in the first half of 2010. CMA-CGM is the world’s third biggest container operator with total share capital of US$ 11 billion"

http://www.investinsaotome.com/investment-directory.html?start=15

When considering that $400M investment it is important to realize the entire economic output of the country is $290M. You don't invest 130% of a country's GDP without a damn good idea of what you are getting into.

Somebody knows sumptin'