ERHC Energy Inc. | Forum profile

I would say that seems to be the way it is..for now.. Like a calm ocean..nothing to see unless you look deeper.. and right now we are not allowed in the water.. and for good reason ...as any good thing could get mucked up

Krom, good post. Boiled down to fit in a nutshell they will act in the best interest of shareholders, which is their fiduciary responsibility, or they won't. Serving us more of the same year after year only limits the potential. At this point I'm not even sure they could make an attempt to build a company. They shown their abilities in that arena for 3 1/2 years. Nobody thinks they can pull it off. So the only value in this is the...

Fishdog, One other thing to think about is getting a good cement job. If they drilled that other 1122 ft., they may have to two stage the cement to cover the top zone and take a chance on not getting a 100% bond. A lot safer to set a liner on that zone and then if they want, drill deeper at any time. Just a thought John

NG News: INTERVIEW-Oando to use London listing to fund upstream plans Fri Nov 6 * Plans London listing in Q1 2010, subject to approvals * Sees oil reforms freeing up assets * Supports govt plan to cut fuel subsidies By Agnieszka Flak CAPE TOWN, Nov 6 (Reuters) - Nigeria's top fuel retailer and gas distributor Oando Plc (UNIP.LG: Quote)(OAOJ.J: Quote) plans to list on the London Stock Exchange in early 2010 and use the proceeds to fund its...

Peter Piper: Wonderful post as usual. I did ask Nick and he did gave me advise. Thanks again for your positive attitude. Thanks to all the new posters and their time spent to enlighten most here. Rapp jr

"Global Insight says oil production, scheduled to begin within five years, will "significantly expand" São Tomé and Principe's export earnings base and give the country a "positive" long-term outlook." Notice the article says "will expand" and not "would expand". Is this a confirmation of a commercial oil find in the JAZ?

As Mark posted, it will be pressure from Nigeria that could facilitate the purchase of ERHC by SNP. IMHO China does not give a hoot about unproven investigations of ERHC.

No That is not what I said - In previous posts I believe the figures I came up with were Existing Reserves 60-70% and the JDZ assets 30-40%. The value I used for the Reserve calculation was around $ 10 per barrel and in line with what has been going on in the GOG. Exxon Offered Kosmos 4 Billion for Approx 24% of the 1.8 Billion Barrel projection in the Jubilee field. Also, remember that Sinopec paid Approx. $ 2 Billion for Addax's...

I thought Lemba was our worst prospect?...em

I agree with you that it is pretty far-fetched to assume SNP or anyone else is certain to buyout ERHE or that there is some sort of pre-arranged deal already in the works. I think that is more wishful thinking than it is reality. I'm not even sure I would want it to happen. I would have to see the price they are willing to pay and what assets are included. Those begging for an immediate buyout are desperate souls.