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Re: tryoty post# 253513

Wednesday, 02/15/2012 5:44:54 PM

Wednesday, February 15, 2012 5:44:54 PM

Post# of 362594
Troy, think about it this way, there are three chinese oil companies, they have all been trying to obtain african assets. They have only had sucess at buying into existing developments. Maybe they would want to use ERHC for SNP to get a foot into Chad. The Chinese government has told these three companies they are not to compete for the same assets (and bid up the prices)however if ERHC has the OPL, they can get the operatorship and control of where the oil goes.
I think they are happy with the way ERHC kept the results in the JDZ quiet and think our guys make good silent partners.