Environmental Remediation Hldg Corp. (ERHC) Message Board

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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)

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To: GrnArrow who wrote (5)	7/12/1997 12:46:00 PM
From: GrnArrow	of 671

An update from BBS came out last night, and they have a better explanation for why the stock has been rising. On Wednesday, a front-page article came out in the "Platt's Oilgram News". According to them, "Platt's is a division of S&P's and is considered the Wall Street Journal of the commodities industry. This was a front page article entitled "The Mouse that roared: small company grabs a whole nation's rights", referring to the news that ERHC is to Develop Sao Tome & Principe's (STP) Oil and Gas Reserves..." I found a web site for them at platts.com but couldn't find a way to access the article. It sure seems like a sweet deal. According to the 8K, ERHC will form a joint venture with the government of STP, which will get at minimum the four best oil concessions. The cut for ERCH and their junior partner, Procura Financial Services c.c.(PFC) of South Africa, will be 40%. ERCH/PFC will negotiate the leasing of all other concessions to major oil companies, and will collect a 5% royalty. You can find info on Sao Tome and Pricipe at the CIA World Factbook site: odci.gov

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