ERHC Energy Inc (ERHE)

[vineseeker2]

Remember in all this that SNP is not a normal oil company. Exxon wants to find oil as cheap as possiable , develop it also as cheaply as possiable and sell it to the highest bidder.
Snp wants to find oil to take home to China, also a cheap as possiable but they must have it & having it is more important than margin per barrell.
No one in France is freezing if Total dosen't find more oil. Two or three years ago China had a unusually harsh winter and had to shut down factories and public transit to divert the natural gas to keep peoples homes heated. The government controls energy prices and can raise them as necessary, if there is oil and gas to buy. If they put some money into Totals pocket is OK as long as they get the oil and gas.