ERHC Energy Inc (ERHE)

[oilman57]

Another good post from Justin from RB.

"The way I see the JV and why these great mid-tiers joined the minnow is pretty basic. They only have to pay 20% - 30% of the block to gain the block operatorship. On their own, they would have had to pay at least the 50%. This way, ERHC gets to be the JV operator without giving or paying for anything. The political connections of ERHE are bonus enough for the mid-tiers. Pretty sweet deal all around."