ERHC Has Found New European Partner, Mutwadadi Says

Mutwadadi, who revealed yesterday that Noble Energy had walked away from Block 4 in the Nigeria-Sao Tome and Principe Joint Development Zone, now advises us that the company has found a "perfectly respectable" European partner - and they, not Exxon Mobil or APC, will be the operators of the much-sought-after block.

Here is the latest:

joe

i understand a new operator has been found for block 4. not anadarko, not exxon - where did you get that idea from! a european company, not huge, but perfectly respectable, with money and capacity. it will have to go to the jmc for approval, and that is sure to create issues. but there is a deal on the table.

erhc i guess are under an obligation to file an 8-K, although that would depend on when they were officially informed.