Just to give a balanced perspective:
I appreciate today's PR and hearing that ERHE was doing the right political and PR type of move to enjoy a national soccer game in STP after spending 2 days of face to face meetings. Anyone in business at a high enough level will not only understand this but also appreciate hearing that ERHE is still working on their "business" relationship with the people of STP.
Take two seconds to think back on why most shareholders here bought into the speculation of hitting a home run with ERHE. I would bet if you really think about it, a lot had to do with Sir Emeka Offor and his political ties to the Nigerian government. This political tie helped prevent either Nigeria or STP from taking away or dramatically reducing the original rights for ERHE in both the JDZ and EEZ. Some people may not believe this or want to pretend it doesn't happen but this is how business gets done in this part of the world.
IMHO, STP figureheads still likes to show a side to their people that ERHE got an unfair advantage with all the rights they retained through multiple negotiations (and maybe they did). At the same time, the political people of STP in control, realize STP needs to promote business and especially the OIL sector to their tiny islands. It's a matter of give and take, win-win negotiations, etc. Do a google search on Sir Emeka Offor and STP and you will find a few years back that SEO started a charity on the STP islands. This is all done in the name of good PR. So was attending this local soccer match.
To top all that off, I would further speculate that since this national soccer match occurred on the Islands of STP, the price of the soccer ticket was probably less than most of us shareholders spend a day for our "starbucks" coffee.
Kudo's to ERHE management for doing the right thing and openly communicating with us shareholders!
