ERHC Energy Inc (ERHE)

[balance_builder]

TheDane...."BWTFDIK? I'm sure someone will let me know where my logic fails. TIA"

You answered it yourself when you said, "ERHC is truly in the catbird seat, regardless of the value placed on this field of oil."

Its all political IMHO. They (big boys) were only going to get what Nigeria (Emeka Offor) said they could get. They weren't willing, at the time, to give Offor what he wanted for partnership in the blocks. Apparently DVN, NBL and lastly, PXD weren't able to keep up with his demands/terms either. Welcome in Sinopec and Addax who were/are willing. Welcome back in one of the big boys after proving out the 3D. You tell me who erred? What are the terms NOW going to be? Addax got away with a full carry and $18 million.