Replies to post #324328 on ERHC Energy Inc (ERHE)

[kingpindg]

I believe ERHC's contention is that they never gave up their 15% interest in Block 5. My guess is that the arbitration being suspended while they try to work something out means that they are happy just to sit back and let Oranto do the work and then they will decide whether they want to fight for their 15% if there turns out to be something worth fighting over.

As for Block 2, ERHC has its 30% interest based on their agreements with Sao Tome. Oranto had no say in the matter. ERHC's ability to land a partner for Block 2 will likely hinge on who, if anyone, Oranto is able to get to farm-in as the operator.




.