Not sure why there has not been more of an outcry over this point since it could hardly be more of a material event and ERHC management would of course been very much aware !
The CEO of a company has a responsibility to inform and provide guidance to shareholder of any and all events that can have an impact on the share price ! Not only a responsibility but is a requirement by the SEC and probably illegal not to do so !
"This comes only about a year after the Chinese state-owned energy company Sinopec, its subsidiary Addax, Equator Exploration, and other stakeholders abandoned three oil blocks there."
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