Replies to post #209262 on ERHC Energy Inc (ERHE)

[gasman48]

Nice spread on the b/a

[kaydee]

Majic, re: EEL board - can you post the link. Much appreciated.

[balance_builder]

Majicathome....your post didn't receive the attention it deserved today. There is evidence that the operators requested a 6m to 12m extension to their phase I exploration period:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48537666


Now you are posting that an EEL poster learned through EEL that the JDA has approved a 6 month extension.

It is my opinion (can't be supported with fact...yet) that this timeframe will be used for buying out the small players interests in these blocks in preparation for development of same. ERHC will be one of the players removed in the shuffle IMHO (the long awaited flip).

As previously discussed.....the Chinese require a capable oil company to develop the JDZ. Said "capable" oil company will require interests in each of the blocks. ERHC is a perfect fit to accomplish this IMHO. I also won't be surprised to see Qatar Petroleum in the mix alongside Total. The JDZ will be a major development project that will likely cost more than the AKPO's $5 billion development cost.

I believe the AOG article will AGAIN be revised to reflect what the recent drilling found.....and an updated NSAI report will show much healthier numbers for ERHCs' interests. Both articles can't be correct:


"Exploration activity in the Nigeria-Sao Tome and Principe Joint Development Zone (JDZ) appears to have borne fruit, following the recent discovery of substantial hydrocarbon reserves in Blocks 2, 3 and 4."
http://www.reportbuyer.com/countries/africa/country_report_sao_tome_principe_january_2010.html