ERHC Energy Inc (ERHE)

[vineseeker2]

DeGen, just to let you know your post are being read I'm responding. In my opinion the block 5 & 6 negoation has been drawn into the whole JDZ forward plan. I believe those two blocks and the block 2, 3 & 4 situation with the 25% give back is part of what is going on. Would you want to relinquich 25% of the acreage before you were absolutely certain where all the oil/condensate/gas is? I don't think SNP wants to either. JMHO, but I believe SNP has found enough in the five wells to keep their interest in the JDZ. I think Total is leading the way with its two block 1 wells, this doesn't mean the JDZ is full of oil, but I think SNP has found enough indications they are not ready to give anything up.
My not complaining about management doesn't mean I am happy with their performance. I just don't think changing would bring anyone more competent into the picture. I believe Peter was chosen for other qualities and whoever replaced him would be chosen for the same reasons.