Replies to post #195973 on ERHC Energy Inc (ERHE)

[razoroil]

JB, I think you are spot on.


Razor

[mz157]

i am guessing WHEN results are released, they will be very "chevron-obo 1-like" results. alot of ambiguity

[redinvest]

JB, I don't necessarily disagree, except with the point that implies ERHC only gets their intel on the drilling from SNP. SEO has paid for a private drill reporting company that gives SEO the daily updates.

Also, bear in mind STP has leveage with the EEZ auction coming up.

Nigeria has leverage with the marginal program coming up.

SEO has leverage with his connections.

No one has anyone by the jewels.

Yet, thanks for your opinion of SNP's stance.

Best,

Red

[brez63]

Agree with an exception on

"Sinopec wants Offor out and want his piece of ERHC (they dont need him)..."

Sinopec may not want or like SEO, but they still need Nigeria. Therefore they will not want to piss off the bankers, politicians or famillies of all the above because they dislike SEO.

These Nigerian entities are probably pressuring Sinopec to come to terms with SEO, because they too, have the internet and are on the Rolls Royce web site choosing the interior colors of their dream cars.

Therefore, as long as SEO is on board so will Nigeria (a good controlling bunch of Nigeria anyway) will be on board. Sinopec will have a "come to Jesus" moment, one way or the other.

We all see the smilling faces, but I believe the on going knife fight in the phone booth is hidden from view.

cheers
Brez

[Al4343]

That was & is one of my fears. SNP is so much bigger they can strangle info which strangles the Sp of ERHE which could benefit SNP in a buy out. One has to figure at some point some info has to be released.....but when is that???

Al

[ERHClongtimer]

Ever considered that perhaps one of the motivating factors for setting up the JDZ was to have a lucrative special interest zone in which Nigerian and STP players could profit? It's my belief that there are more Nigerian/STP figures involved with ERHE than just SEO. A guest, if he knows what's good for him, doesn't mistreat the family pet. Just IMHO. - Longtimer


"A major stumbling block was the STP-Nigeria boundary where some of the richest oil fields are suspected. Former President Miguel Trovoada confirmed to us that STP originally wanted to divide the maritime boundary between STP and Nigeria according to the so-called rule based on ‘equidistance lines’ but Nigeria argued in favour of the ‘proportionality principle’ which would have given Nigeria a much bigger share of the offshore acreage. According to Trovoada, STP ‘didn’t have time or money for litigation’ so a compromise agreement was struck during the visit of Nigeria’s President Obasanjo to São Tomé in August 2000. Trovoada stated that the basis of the agreement in Nigeria’s favour was worked out between him and Obasanjo while the finer details were worked out by the STP government and the Nigerians. Instead of delineating a boundary between the two countries, Trovoada and Obasanjo agreed to establish a Joint Development Zone (JDZ) to be jointly administered by the two countries, with oil revenues being split 60:40 in Nigeria’s favour." - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45764858