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Re: midtieroil post# 251732

Wednesday, 01/11/2012 12:34:49 PM

Wednesday, January 11, 2012 12:34:49 PM

Post# of 361511
Maybe. Since we have over two years worth of cash left, there's also plenty of ways the Nigerian political class, who happen to be our fellow minority share holders to, to demonstrate to Total and snp that a siege on ERHC is not in their best long term interest.

Remember, China does not view the future in 4 year terms, they view it in terms of 100s of years. Therefore in this light, ERHC is nothing more than a stepping stone. Why do you think that Chinese company pay an average of $11/p50 barrel while others do not? SEO is and always will be the entry point to Nigerian offshore oil and if it means that once in a while the wheel has to be greased, than china will.