AND secondly it is then the operators choice to release news or allow non operating partners to release an approved (by the operator)version of material/non material news.ERHC had released news on their own while it was the operator prior to Cepsa.
Also, ERHC wants to retain it's interest in the JDZ. These other companies don't, therefore ERHC is going to abide by it's agreements with the JDA as to not put those interests in jeopardy. There is a lot of oil down there, will they ever be able to get it, maybe with different or future technology, and I assume that is why ERHC is sticking around.
That's a great cop out for ERHC ! However a publically traded company like ERHC also has a binding agreement with the SEC to report to shareholders on any events that are material and would have an effect on the share price !
In my opinion ERHC does not have the option to enter into agreements with any entity that negates their legal and fiduciary responsibility as a public company to report to shareholders !
Reports of the SNP having pulled out of block 2 in the JDZ have be circulating for years now and ERHC needs to step up to the plate and clarify the issue !Again its easy either SNP is still IN or are they OUT of block 2 ??? Is it YES or is it NO ?????
BTW do you have the particular clause in the agreement that supposedly prevents ERHC from telling their shareholders the truth ??
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