ERHC Energy Inc (ERHE)

[THE HuB]

Total committed to investing 20 billion dollars in Nigeria

Total, Qatar, & China...that's $43 billion dollars!

Posted by: farrell90 Member Level
Date: Tuesday, May 25, 2010 1:07:59 AM
In reply to: EZMONEY36 who wrote msg# 215109
Post # of 215497

Prior to the Qatar partnership being announced, Total committed to investing 20 billion dollars in Nigeria. Seven billion was to be invested by Total and thirteen billion" from partners who remain unnamed" . The investment was to occur at Usan, a Niger delta field and "two more areas are being studied ".

http://oilprice.com/Geo-Politics/Africa/Reports-of-$20-billion-Total-investment-brighten-Nigerian-oil-outlook.html

Kingpindg posted today an article describing the same investment as being " deep off shore oil and gas".

http://www.businessdayonline.com/index.php?option=com_content&view=article&id=11299:total-to-invest-7b-on-off-shore-exploration-in-nigeria-&catid=1:latest-news&Itemid=18

Qatar petroleum and Total have signed a MOU to partner in West African oil and gas investments. Qatar is almost certainly one of the partners referred to above.

http://www.ordons.com/201004053859/qpi-and-total-sign-mou-for-oil-investments-in-africa.html

Creative cutting and pasting of the above articles reads as follows:
Total and its partner Qatar Petroleum announce a 20 billion dollar agreement to develop deep off shore oil and gas properties off the coast of Nigeria including two sites being studied.

Could the two sites being studied be JDZ blocks 1 and 2 ? Time will tell. Good luck,Farrell