ERHC Energy Inc (ERHE)

[brez63]

Petemantx,
I believe the answers lie more towards understanding the geo-political relationships with not only the companies involved but the countries for which they represent.

It is difficult to grasp decisions that are made by host countries when they could be based on past experiences with other country's foreign policies or perceived objectives.

So in short, in order to answer your question we would need to weight the cost, risk and reward of each company. What are we gaining monetary value versus the political risk of both contries involved, perceived positives/negatives of countries involved with host government/population, likelyhood of change in future foreign policies etc.

Obviously, companies objectives or desires to work with easy or complex fields gets thrown in the mix.

I believe the exit of the companies you mentioned, was due to an evaluation of the above and their conclusion that it was not worth their while for the potential monetary gain vs risks (all, not just production).

Cheers
Brez