![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, February 26, 2006 5:16:16 PM
Why do you think that ERHC ended up with such a good deal in the first place? It is because Nigeria wants to enjoy more of the revenue from its resources than just allowing the oil majors come in, pay their fees, drill the oil and make most of the profit from it.
You say that "CVX will end up with the majority of control of ERHE. Sir EO will sell out to them with an offer he "can't" refuse."
Sir Emeka Offor is pretty much synonimous with the Nigerian government in this case and, as the Nigerian government wants to make more money from its own resources and EO is bloody loaded anyway (and probably wants the power and prestige associated with controlling a significant future player in the oil industry), EO is unlikely to sell out.
I'm not selling my shares either, but not because I would only be satisfied with the gain resulting from a buyout.
Cheers, R.
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM