I really appreciate what EO has done to get us to the dance,but I can sure understand why no real oil company would want to be partnered with such a large shareholder that cannot possibly add any value to an operating deepwater effort. On the other hand the potential liability and risk to a real oil company is huge. Any competent business would recognize the assets that ERHE brings to the table but if I am going to invest hundreds of millions of real,tangible assets in an effort to produce the potential assets in the JDZ then I would either be in control or I would pursue another opportunity. I believe that Offor would be much richer a lot sooner if he would participate in a buy-in that would let a real oil company reach the level of control that would justify their risk. The Chinese are not constrained by the same rules as the U.S. companys but I can see why it would be super difficult to sell a prudent board of directors on the idea of hooking up with EO, not to mention the fact that this is a Nigerian company. Sorry but I would not bet the years of effort to build a significant company on one man who is reclusive and hardly ever lets anyone know his intentions.
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