ERHC Energy Inc (ERHE)

[claudealain]

Use your common sense!

Money is king. And, most important, STP is broken and needs money desperately. Why should Nigeria give them more money? They delay the award process. Why should the IMF and World Bank give them new credits? They don't follow the recommendations of the IMF and they are potentially extremely rich, sitting on billions of barrels of oil. Why should any other country lend them money? Their politics is loosing credibility every day.

Most important, like in a masterpiece, Nigeria holds the trump card. 49 million USD sitting in a second class Nigerian bank and waiting for delivery to broken STP! But there is one little requirement. Menezes has to sign for awards! If not, no money for broken STP!

So, I think, STP has only two options. Sign now or sign a little later. In no way can they stop the award process, provoke a rebid or delay awards for long time!

You don't need to understand details like internal politics of STP, but you have to use your common sense and you will see the light: money is king and Menezes will sign soon.

Good luck to all,

Claude Alain, Zurich, Switzerland