As I have posted parallel to Manti and Electick, Offor would have to be "out of his head" to do any major deals or any deals related to his political contacts or influence in Nigeria under the banner,or even the partial banner, of ERHC.
According to S. Freed and others, Offor is being actively investigated by the US DOJ/SEC. ERHC will never become the Offor controlled growing E and P company that people on the boards have been posting about for years.
Offor personally will probably do well, however, with his large scale Starcrest alliances where his interests are completely Nigerian. Apparently, he will also be attempting to enter into the growth of indigenous Nigerian oil and gas assets with Chrome and Guinea Insurance. Nigeria is attracting more and more foreign investors and if Offor has oil and gas assets they can be profitable w/o his going outside of Nigeria. As Electick has posted. At this point, I don't think Offor would even want the reduced oversight of the AIM in London.
HOWEVER, ERHC can be a profitable company with its current JDZ and STPEEZ rights. Apart from Chevron's one well and non-predictions, Addax and Sinopec are confident of the prospectivity of Blocks 2 and 4 and Anadarko plans to go ahead with drilling in Block 3.
Once oil is proven the SP could move up to the single digit multi-dollars range. IMHO
As I just posted, Offor/Ledbetter can purchase, in the near future, inexpensive offshore/onshore oil/gas assets within Nigeria for ERHC in a manner that would be completely above reproach by the DOJ/SEC. Offor could even present such contracts to the DOJ/SEC in his favor as an honest operator.
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