Industry sources also say the Addax deal may pave the way for Sinopec to buy out Houston-based ERHC's significant holdings in the JDZ, where it has interests in six of the nine blocks awarded by the Joint Development Authority, the body set up to oversee exploration.
Anything is possible and I didn't need Platt's to tell me of the possibility of a Sinopec deal with ERHE. The question is whether it's probable and when it might happen. Given what Sinopec is willing to pay and what ERHE shareholders including SEO are willing to take I don't think it's probable right now. Maybe after drilling.
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