Replies to post #27577 on ERHC Energy Inc (ERHE)

[mz157]

Other arguments also emerged regarding the $18 million paid by Addax to farm in to ERHC's position on blocks 3 and 4 and whether this sum should rather be paid into Sao Tome's coffers as US advisers to the Sao Tome Attorney General urged, but this notion was dismissed by the Joint Development Authority as having no basis in law.

i love it (eat it ms hartman)

[mz157]

At the same time, Chevron is understood to have entered talks with Conoil to acquire the independent's stake in Block 4 in exchange for a commitment to develop Conoil's deep-water block OPL-257 in Nigeria's own waters and possiblly reimburse the $100 million signature bonus it paid to secure the licence.

so 100 million + the costs of development of the opl 257 - any of you oil guys have an approx cost of what cvx is valueing Conoils %?

[Lottalead]

Thanks for posting that. Everything is progressing nicely. I'd say we are in for more sp appreciation!