Replies to post #116803 on ERHC Energy Inc (ERHE)

[tryoty]

Changing their oil law has nothing to do with speeding the process. Good grief they are the bottleneck SLOWING the process!

If they wanted to speed the process they could auction a small number of blocks and offer a free block of choice to the consortium that produces the first barrel of oil.

It's not rocket science, although figuring out how to line your pockets without getting caught is! So we wait while they go through the learning curve of corruption.

Every citizen of Sao Tome could be rich if they'd just drill and distribute the oil wealth. But nooooo, rich isn't good enough for those in power, they want mooooore.

In the end pigs get fat, but these hog wanna-bes will get slaughtered. I suspect there will be another coup before the first oil flows.

Greed sucks, look where it got us! LOL!

[RKT989]

the opposition parties will oppose it until they get invited to the table and get their share..Politics

[Homeport]

STP News: Govt hopes to receive "a little more than (USD)250 million through direct negotiations" of EEZ oil blocs in framework of setting up a four-way Lusophone consortium, online Vitrina reports, citing unnamed gov source.

P.S. Playing catch up, island media now all reporting Govt attempt to alter oil legislation and rejection of same by opposition leaders.

[RUBY1100]

what does this mean another 10 year delay in the EEZ

can someone break this down

why dont they award the already promised EEZ Blocks to the proper owners and get on with it

Frig'n Monkeys

[RUBY1100]

i am still hoping 2008 will be better than 2007

but its getting dicey

we need Schrull to come thru with that Rig already