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To: peterpiper who wrote (652)	4/19/2004 7:52:55 AM
From: George Burdell	Read Replies (1) \| Respond to of 1338

Peter I'm in ERHC pretty deep. If anyone has not taken a look at this yet, take a few minutes to do some DD. Peter has listed some good summary posts on Ragingbull. In a nutshell, ERHC has preferential oil rights in the Gulf of Guinea off western Africa due to early exploration activities and a politically connected African billionaire who owns a large chunk of the company. There is a huge amount of untapped light sweet crude there. Exxon and Chevron are bidding for blocks. The US is looking at building a military base for protection of the area, and you know how this administration likes its oil. Awards are expected this week during a conference.