ERHC Energy Inc (ERHE)

[umbra]

Who would possibly be interested in JDZ Block 2 other than Total? If China stays in 3 and 4, 2 will become an orphan. If China leaves 3 and 4, there seems little motivation for a new player to come in and drill in 2 based on SNP results thusfar.

Ergo, at this juncture I'd see Total or...no one...not even at a price. I think also that Block 2 will remain *actionless* for the near future. So ERHC becomes the 65% operator of almost useless acreage. We haven't made money - we've saved money...and on paper only. We won't make money on Block 2 until ERHC gives it (or a significant part of it) away for other rights, etc.

Is all this a good happening for us? Both poles will show up here. As always, the market will likely tell us. IMO