Offor's Nigerian business holdings keep growing with each article that Rocky posts this evening. Impressive. I can see where Walldog repeatedly posts that Offor is a major power in Nigeria.
Not only is he the majority stockholder of Starcrest but he is a major director of Safiya Global Investment which according to the Sun article could be the business arm of the PDP party and a trust holding for the top office holders of the Nigerian government.
Offor runs with a top Nigerian crowd.
The only error in the article I know about is that Starcrest Energy was formed to take advantage of the Nigerian NEEZ round and they did bid on another block with CNP of China. This bid was approved.
When OPL291 was not bid on, they asked to exchange their approved bid block for OPL 291. CNP dropped out of the picture and Offor structured another favorable deal with ADDAX.
Addax with 85% of its employees and management being native Nigerian is also well connected politically in Nigeria. It will be interesting to see how far the Nigerian investigation of the Starcrest-Addax deal does go.
Eventually a US Court could rule that Offor has some fiduciary responsibility to offer the OPL 291 deal to ERHC though I am not sure about that.
From a reality persepective, to expect Offor and his top Nigerian official friends to give ERHC another oil deal which would guarantee an inquiry by the DOJ of the United States is ludicrous.
As I have posted, with the probable manipulations to keep the SP of ERHE low after JDZ awards and PSCs and the DOJ/SEC investigation of ERHC/Offor, I don't expect Offor to put any other Nigerian assets into ERHC. I don't think that is how Nigerian businessmen/politicans hope to do their business.
Have a good evening.
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