ERHC Energy Inc (ERHE)

[oilman57]

Gigwoof I did bring up that point regarding Carvhalo. I agree, this is the biggest news that nobody seems to be talking about. Here is my post again.

Joe in response to your post #39 under the last article I wanted to respond.

Carvhalo also stated that if the Sao Tomeans dont make a quick decision then they will be putting the reputation of the JDZ at stake and as a result the $10 million they owe will be demanded immeditely from the Nigerians and the Sao Tomeans will NOT receive the $49 million in signature bonus money from Block 1.

So yes he did say they would receive the block 1 money with the added caveat that they actually had to sign off on awards first to recieve this money.

IMHO these statements by Carvhalo, (the Oil Minister from Sao Tome) were the most significant developments since the JMC Meeting and should have gotten more play and discussion.

This is positive news to me that he is talking in this manner. Maybe he is setting up the people of Sao Tome to understand that awards must be signed off on or there will be serious consequences. Thus making it easier for de Menezes to sign off.