ERHC Energy Inc (ERHE)

[manuel06]

If ERHC was given the right of first refusal(we are all Sargent Shultzs here),then your whole point is moot. If ERHC could not afford a position in OML40 and passed on "it",(Ntephe spoke to the issue of not being able at this jucture to afford an almost producing property)..even with first right of refusal...then what?
Maybe the ERHC boys can put this in their FAQ.

All just opinion....but looking at it from the other side!
Baz
edit: from FAQ
Q. Is ERHE presently negotiating for revenue producing properties and do you expect those negotiations to be completed in 2012?

We have always been negotiating for revenue-producing properties. However, entry into such properties does not come cheap as a hefty premium will be paid for production. In 2012, our concentration is on securing more awards from government, which we then intend to monetize to an extent that might enable us the leverage to realistically bid for immediate revenue-producing properties