Replies to post #14161 on ERHC Energy Inc (ERHE)

[balance_builder]

xxmmax....yes, the two stocks do have common ground.

It is MOST INTERESTING that the jump in price occurred on 11-17-05.....the DAY AFTER the JMC met.

http://www.lse.co.uk/ShareChart.asp?ShareChart=EEL&selType=1&selPeriod=5&selMA1=0&se....

It makes one wonder if NITE and TDCM managed to keep our chart from a similar move.

Here is some of the common ground they share with ERHC:


"In 2004, Equator jointly bid with ONGC Videsh Limited (OVL), the international exploration arm of the Oil and Natural Gas Corporation of India (ONGC), the largest energy company in India, in the 2004 JDZ Licensing Round. ONGC has considerable experience in deepwater drilling and is credited with successfully drilling the world’s second deepest well off the east coast of India.

There were five blocks (Blocks 2, 3, 4, 5 and 6) on offer in the 2004 JDZ Licensing Round with Block 1 having been awarded to a consortium which comprised ChevronTexaco, ExxonMobil and Energy Equity Resources for a signature bonus of US$123 million earlier in the year. The OVL/Equator Joint Venture submitted bids for Blocks 2 and 4 with any awards to be shared between OVL and EEL on a 60:40 basis.

The OVL/Equator Joint Venture was awarded a 15% interest in Block 2 in May 2005; thereby, giving Equator a net 6% participation interest in the block. JDZ Block 2 is adjacent to Nigerian Block OPL 246 which hosts the 800 million barrel Akpo field and another series of discoveries totalling 600 million barrels. A consortium, led by Devon Energy, Pioneer Natural Resources and ERHC Energy Inc. was awarded a 65% interest in the block and will act as operator."
http://www.equatorexploration.com/operations/sao_tome.aspx