ERHC Energy Inc (ERHE)

[oilman57]

Bob when other oil companies that are involved in the process win awards and start putting out PR's then the tone will change. Companies like Pioneer, Devon, Noble, Anadarko etc, will all be putting out positive PR's at the same time and that will carry alot of weight. They are very well respected companies. The problem is everyone is on mute until awards.

The only reason why Exxon is getting any mention right now is because they are the only ones that can say anything at this point. Once awards are announced that will all change. There will be plenty of positive PR after the awards. Dont forget, Exxon and Chevron are in Block 1 so its not like they left the JDZ entirely.

As you know Exxon is just trying to save face by attempting to talk down the importance of the region. They wouldnt have made a last ditch effort and sent top executives to Abuja in a last ditch effort to win an operatorship if they thought the region didnt hold any promise.

In addition IMO they will probably try to buy out some of these companies that have won awards. That will be their ticket into the JDZ. So naturally they will try to talk down the prospects so they can buy these other companies on the cheap.