ERHC Energy Inc (ERHE)

[Homeport]

Think you're right, Joe. But while Silveira's visit to Luanda is apply meant to end with accords signed on air and sea links and further job training for STP oil workers, there's nono sign that the 4-way consortium idea has fully matured.

All parties - STP, Brazil, Portugal and Angola - have said they're interested, but there's been nono word on further movement, even tho Menezes said in Brazil few months back that he wanted the agreement completed by year's end. I'd love to be surprised.

Politically, surprises could arise, following parliament's rejection this week of constitutional referendum wanted by the president. Menezes and parlaiment agreed in 2003 that they would jointly prep a referendum prior to 2006 legislatives. Now parliament, led by govering MLSTP party, has reneged.

The aborted agreement arose after Menezes, displeased with the semi-presidential ambiquities enshrined in the new 2002 constitution, dissolved parliament and prepared to call early elections. He revoked the dissolution after the legislature agreed to work with him to put power-sharing system up for referendum. Who knows what he might do now?

G'nite,
Homeport