ERHC Energy Inc (ERHE)

[daylatedolarshort]

http://www.philnugentglobal.com/bio.php

...Mr. Nugent was also instrumental in introducing ERHE, a publically traded company to Sir Emeka Offor, a Nigerian Industrialist to purchase a majority share interest. Today, this company enjoys the one of the largest acreage positions in the Gulf of Guinea along with its operating partner Sinopec of China. A five (5) well exploration program was successfully completed in 5 months in 7,000 feet of water during 2009, creating values to the co-venturers that many now believe are in the $billions. From the first work on the JDZ concept to current drilling has demanded persistence and vision – it has been an eleven (11) year program.

2010 and the future

Currently, Nugent is Chief Executive Officer and a founder and director of
SOCOSS International, LLC, a Texas corporation formed to provide the services of the Strategic Offshore Crude Oil Storage System (SOCOSSTM) which offers a free market way to seriously reduce disruptive forces in Nigeria and improve the revenues for the
benefit of Nigeria. Secondarily, it helps provide continued reliable crude oil supplies to the United States.
On Dec. 8, 2009, Nugent along with co inventors received a United States Patent for the system and method for secure offshore storage of crude oil or refined petroleum products.