ERHC Energy Inc (ERHE)

[ac hotfries]

So let me get this straight.

STP adopts direct negotiation legislation for oil licensing.

Total buys into Block 1 of JDZ.

France is financing a 600 million dollar deepwater port on Sao Tome.

Total visits the London Data room to review the EEZ information.

STP officials travel to Brazil. Encourage Petrobras' active participation in EEZ.

Per LP, European and Asian companies ask for an extension in the EEZ bidding process.

Petrobras Indicates interest in JDZ and EEZ.

Petrobras, Total and China are partners in Akpo.

No European or Asian companies bid on EEZ.

So the general thought is there is nothing going on behind the scenes and the EEZ has no interest? Sorry, I don't buy it.

-ach