ERHC Energy Inc (ERHE)

[balance_builder]

Thinking aloud......if China is willing to pay $2.3 billion for a 45% stake in the AKPO field (right next door to block 1)which has yet to be developed....how much could ERHC be worth with perhaps multiple similar field in multiple blocks. Most following this stock understand that each block could contain (and the seismic shows they do) many large prospects that lead to similar oil reserves as the AKPO field.

My point? The market will eventually recognize our true value. I see NITE and TDCM CONTINUE to sell into the rise. I sure wish I knew who and why. That, I'm sure, would be the "rest of the story".


"The stake in the Akpo field, which was given to a top Nigerian military officer by the corrupt late dictator Sani Abacha, was later bought by ONGC's Chinese rival CNOOC Ltd for $2.3 billion."
http://in.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2006-02-02T184201Z_0....