ERHC Energy Inc (ERHE)

[EZMONEY36]

Pete & HP This article was first written by Jacinta Moran on June 30, 2009. It was a Platts article and then copied over to Wikipedia.
I remembered this but, was to lazy to find the old Platts article. Thanks to farrell90 he found the original Platts news article and posted it. #221790 Here is his post:
Strass.. The orginal article came from a respected source, Platts. It is old news from 2009.
Good luck, Farrell

Industry sources also say the Addax deal may pave the way for Sinopec to buy out Houston-based ERHC's significant holdings in the JDZ, where it has interests in six of the nine blocks awarded by the Joint Development Authority, the body set up to oversee exploration.

China's expansion of its footprint across Africa has been fueled by a desperate appetite for resources in the country, the world's second-largest -- and fastest-growing-- consumer of oil .

Sinopec, who was up against rival Korea National Oil Co in the bidding for Addax, is keen to move on with its first foray into deepwater offshore drilling. Sources don't rule out an acquisition of ERHC's equity.