kingpindg Thursday, 03/10/11 11:26:14 AM Re: None 0 Post # of 339926
Apparently AEI is becoming a little more "intelligent"...
If only they could get "Eland" right. Excerpt from their latest article on the Shell properties, via Google...
On OML 40, considered the least oil-rich of acreage in the sell-off, the firm Elan Oil headed by Leslie Blair, a former Addax executive, put in a last minute bid of USD 150 million. It had hoped to outbid Vertex Energy, which had been the front-runner up to then. Vertex offered USD 125 million. Elan, for its part, is partnered with Starcrest Energy, one of a string of companies owned by businessman Emeka Offor, partner of Addax on OPL 291 (AEI 544/584).
ponzi_implosion Thursday, 03/10/11 11:31:14 AM Re: kingpindg post# 237186 0 Post # of 339926
Why would SEO not direct the OML40 business / contracts to ERHE instead of Starcrest. If the block were to be sucessful, then that might bump ERHE's share price and since he holds over 300,000,000 shares, that mght be a good thing.
Instead he has apparently kept the deal to himself. I wonder why?