ERHC Energy Inc (ERHE)

[oilman57]

By: speculator29
04 May 2005, 08:02 PM EDT
Msg. 36193 of 36195
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Another article dated tomorrow...

Pay close attention to this section:

"Therefore the social democrats demand that no decision is approved without that has one to seem independent of technician national or a company of international reputation that confirms that the decisions proposals for the ministerial advice joint S.Tomé and Príncipe - Nigéria the regulations and rules established for correcta are in agreement auction as organization."

Sounds to me like they want someone with expertise to review the the awards before ratifying them.

Links at the bottom.

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LEGISLATIVE COMMITTEE DETECTS ERRORS IN AS THE AUCTION 05.05.2005-J.Vitrina-(S. Tomé) the auction as process in the zone of joint exploration between S.Tomé and Príncipe and the Nigéria is to be little transparent according to legislative committee for the petroliferous subjects. The commission today congregated with the representatives of the joint authority and the government and arrived the conclusion that serious errors in the process exist. Therefore Carlos Snows president of the commission said that he recommended the government not to assume no decision without that before the national agency of the oil presents its report on the substance. The hearing appears one day after the MLSTP/PSD reacting through an official notice the alleged breakings the rules of the game in vigor for the attribution of participativos interests the petroliferous companies in as the auction carried through in the zone of joint exploration with the Nigéria. For the social democrats these breakings to be confirmed wound the principle of the much-needed transparency for one correcta management of the resource petroliferous. The MLSTP/PSD says to exist clear tests of that some national and foreign individualities with evidentes interests in some companies who had left clearly benefited in this auction, they occupy positions of importance of state, or have linkings with people of the state who participate in process of decision in oil substance, nominated in the national advice of oil and comité ministerial set. Therefore the social democrats demand that no decision is approved without that has one to seem independent of technician national or a company of international reputation that confirms that the decisions proposals for the ministerial advice joint S.Tomé and Príncipe - Nigéria the regulations and rules established for correcta are in agreement auction as organization. The immediate replacement of the legality by means of the removal of its actuais functions of all still demands the MLSTP/PSD those individuals that comprovadamente possess direct or indirectos interests in the related activities. The alert Party still the people for the attempts in course in the direction of a small group to use to advantage itself improperly of the resources of the oil in personal benefit and damage of the general interest of the santomenses. Jose Bouças


http://www.cstome.net/vitrina/Comissão.htm