Replies to post #351676 on ERHC Energy Inc (ERHE)

[RKT989]

If you look at the wording he was quoted as saying no more spudding first time wildcats but they would develop already discovered commercial oil bodies..At least that is what I think he may have been saying

So if Block 6 is a commercial discovery they were going to be a part of development

[oldoil]

Here’s a peek at the financial structure
In block 6:

“Project's corporate structure is owned by the São Tome state with 10%, while Shell and Galp each have 45% rights over Jaca”.

[RKT989]

at this point just conjecture...

They may get pressure from Europe to get a move on