ERHC Energy Inc (ERHE)

[oilman57]

Sorry this is my last post of the day. This RB'er sums it up perfectly IMO.

By: Wx_Gssr
08 Apr 2005, 09:29 AM EDT
Msg. 20907 of 20908
(This msg. is a reply to 20887 by ferab.)
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They were not looking to "pass" all along. They were looking to grab a guaranteed operatorship while not having made a bid, via a deal with Anadarko. JDA would not guarantee them anything(an operatorship), so they bailed. It was a business move on XOM part. They tried to make a play, couldn't, so they chose not to choose this round. ERHE and partners look like the benefactors of XOM's failed play.