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oilman57

12/16/05 11:51 AM

#15955 RE: Homeport #15954

"That's an important point Dane. Operationally, things are in the hands of skilled and experienced operators. The allegation that ERHE doesn't have a proper technical background is a smoke screen for STP's real motive of more money. Of course, I hope that the poverty stricken people of STP make a ton of money on oil, the burden of that should not be on ERHE who provided valuable consideration, in exchange for its rights, when no other company was prepared to assist the STP on the same or even similar terms."

(From musings on RB)

The last point he makes is always the point that is left out in all of the negative publicity that ERHC receives. And that is that ERHC stepped to the plate in Sao Tome when no other company was prepared to assist them on either the same or similiar terms. ERHC was the company that had the foresight to take the initial risk via surveying the waters around Sao Tome. No other company was willing to take that risk. And that is why ERHC should be rewarded. These other entities making all of the fuss were nowhere to be found pre-oil discovery in Sao Tome. Now they are all coming out of the woodworks.