Replies to post #291172 on ERHC Energy Inc (ERHE)

[kingpindg]

You could be right manuel...


However, the reason I went with CAP Energy going to the JDZ was that, by law I believe, Sao Tome has to be very transparent about the EEZ. For example, when Sinoangol expressed interest in Block 2, Sao Tome made a public announcement and allowed any other interested party the opportunity to express their interest, as well, before directly negotiating the PSC with Sinoangol. We also know that they are doing the same with Blocks 1 and 6, where there are four companies currently bidding, but CAP is not one of them. We should be hearing the results there soon.

So, if CAP was working on a PSC for an EEZ block, I think STP would have had to publicly announce their interest and allow others an opportunity before they could negotiate with CAP.


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