Replies to post #867 on JDZ Nigeria-Sao Tome e Principe

[rocky822]

Thanks for all the research. This seems like the most plausible scenario to me, too. I think they are throwing out a net and seeing what they can pull in.

[dbernet]

Looks right to me, thanks. db

[saleen]

News Story
ERHC Energy Says Texas Court Issues Search Warrant To Co
7:57 AM EDT May 5, 2006


WASHINGTON (Dow Jones)--ERHC Energy Inc. (ERHE) disclosed Friday that it received a search warrant from a Texas court seeking information related to the company's relationships in Sao Tome and Nigeria.
According to a document filed by the independent oil and gas company with the Securities and Exchange Commission, the U.S. District Court of the Southern District of Texas, Houston Division, executed the search warrant Thursday.
ERHC, based in Houston, said the court sought various records including documents related to correspondence with foreign governmental officials or entities.
The company said it cooperated fully with the government regarding this matter.
The filing didn't provide further information.
According to a Wall Street Journal article in March, Sao Tome's attorney general singled out ERHC for special scrutiny in an investigation, alleging it may have provided bribes to hold on to longstanding exploration rights it won in the late 1990s.
Sao Tome's attorney general forwarded the report to Nigerian authorities and to the SEC and the U.S. Justice Department.
ERHC shares trade on the OTC Bulletin Board, but its majority shareholder is a Nigerian oil concern.
-By Chad Clinton, Dow Jones Newswires; 202-862-1349; [e-mail]

(END) Dow Jones Newswires

[rocky822]

Instruct:

Something I was told by the clerk in Houston yesterday has really stuck with me. She was in the criminal division and explained that "people" convict crimes, not companies. Which, I know, is very obvious, however, as I was thinking through different scenarios today, it was a comforting thought.

Branhuber has only been with erhc since January so it's very unlikely they are investigating him. And, even though, Jane isn't always the most professional, probably not her. Then that leaves Offor but, from everything I've read, I don't think he would be stupid enough to leave a papertrail of questionable activities in the US.

Then that leaves past employees or associates. Again, I don't really understand all of the complexities of some of the earlier relationships. However, if any of these people are being investigated, they are former employees being investigated for THEIR acts.

Even though they may have acted on behalf of erhc, I'm not sure how the company would be impacted.

Does this logic follow? Thanks.

[idcc2006]

Instruct, you could be wrong. I see little reason to bother going after some individuals. I think the target is oil, thus ERHE. ERHE is rumored to be handing it over to China (doc on Joe's blog) and that is not acceptable. This is just my speculation and opinion.