The JDZ is a head scratcher as IMO there are many conflicting views and statements as to just what is going on and I am not ready to write it off totally yet.
Also, at these levels ERHC can't sink much further so there is no harm in staying around to see if some miracle can happen.
Seek, Gandur has sold his downstream assets and he has been working on a large investment in a oil pipeline to Turkey for the Taq Taq oil fields of Northern Iraq. He has also been looking at Shells Nigerian Properties. It would seem that the properties that ERHE picked up is where Gaqndur had sold his downstream assets. Hmmm, Gandur's new E & P company is Oryx Petroleum. Could Gandur make an investment in ERHE? Only time will tell.
News 
Market Data 
Discover 
AI
