ERHC Energy Inc (ERHE)

[oilman57]

Personally I am anxious for this JDZ licensing round to be completed. Why you might ask? Because a larger prize awaits.

That larger prize is the two 100% blocks that ERHE will have rights to in the Sao Tome EEZ. Oh and by the way, they are signature bonus free. ERHE can choose the right partner, can drill according to their own schedule, and wont have to deal with all of the complicating issues that have made the JDZ licensing round such a long and protracted process.

Just think about that. Two 100% blocks that are signature bonus free. (Not to mention two additional blocks in the EEZ where ERHE has 15% rights). All of these rights in the EEZ are not even priced into the stock yet. Those in the oil business know just how enormous these rights are.

Fortunately for ERHE Sao Tome appears to be making the prudent decision. They want to develop this area as soon as possible. They want to start the awards process this year. This will provide some serious momentum to ERHE's stock price in the latter half of the year.