ERHC Energy Inc (ERHE)

[stocks2rise]

The way I see it is the Chinese have unlimited audacity and will use every conceivable trick to try to gain an advantage of some sort in the negotiations thinking they are dealing with dumb Nigerian thieves. The JDA,however, have the one thing that trumps audacity and that is wherewithal to yank the carpet out from under the pompous Chinese and give the blocks to Total whom they know will develop the field. The Chinese do not want to accept the fact they do not have the upper hand and are unwilling to give up the blocks. Thus the ever present standoff. The only thing remaining is for the JDA to grow a pair of steel stones and tell the Chinese to go p*ss up a rope or sign the damn Phase II agreement! Pronto!