Replies to post #225829 on ERHC Energy Inc (ERHE)

[kingpindg]

Wonder if this story…

actually had some legs?

http://translate.google.com/translate?hl=en&sl=fr&u=http://www.boursorama.com/forum-maurel-et-prom-he-he-402220658-1&ei=ZyeRTLmsFJTPngf84tW0DA&sa=X&oi=translate&ct=result&resnum=3&ved=0CDIQ7gEwAg&prev=/search%3Fq%3D%2522elan%2Boil%2522%2B%2526%2B%2522erhc%2522%26hl%3Den%26safe%3Doff%26tbs%3Dqdr:d

The EER part seems to be playing out as they have found a partner in SacOil and, from this portion of SacOil’s statement, it appears they are going after a pretty nice sounding asset (OML 40?)...

Robin Vela, Chief Executive Officer of SacOil, says "the Company is delighted to form an association with EER because of its excellent track record and access to near term production and producing fields in Nigeria. The arrangement with EER fits neatly with SacOil`s objective of working with credible local partners in the jurisdictions the Company looks to enter. EER maintains strong relationships with the Nigerian authorities, host communities and IOCs operating in Nigeria. The joint venture`s envisaged initial transaction (in onshore Niger Delta) has a recoverable contingent resource (P50) (as verified by an independent competent person) of a 100 million barrels of oil equivalent (mboe) and a potential to produce up to 30 000 barrels of oil per day.

http://www.sacoilholdings.com/index.php?option=com_stockmarketdata&task=inline_sens_item&dte='05/10/2010'&tme='09:45'&hl=Scl+-+Sacoil+Holdings+Limited+-+Entry+Into+Unincorporated+Joint+Venture&lnk='link=20101005094501@865'

Could it be that ERHC has teamed up with Elan and, along with possibly some other partners, they are going after one of the Shell assets mentioned?