ERHC Energy Inc (ERHE)

[vineseeker2]

DG, our reports were that SNP was willing to commit to phase 2 6 months ago, they just weren't ready to report phase 1 results. Maybe SNP does not want to release their block 2-4 info and help Total in block 1 until they reach some agreement.
Gandur talked of the whole JDZ being one development not separate. If so SNP may not be willing to give Total any of their pieces of the puzzel without some area wide development agreement.
There is also block 5 & 6 arbitration, maybe as part of the deal for phase 2 SNP wants the JDA to agree SNP has rights to 5 & 6 and award them operatorship - cheep