ERHC Energy Inc (ERHE)

[tryoty]

There is too little information to form any conclusions yet. What if step 1 in this turns out to be monetizing part of the JDZ giving them the cash they need to make a discovery in Chad/Kenya? With the resultant higher share price from a discovery each subsequent share placement would be far smaller and generate far more cash. Make no mistake, to fully develop discoveries in multiple blocks (should we be so lucky) will take billions. They are going to need 3 billion shares to reach the holy grail of retaining all of their Chad/Kenya percentages and fund the upcoming STP-EEZ exploration.

The above scenario suggests that they may not be looking for farm-in partners. They may be setting out to go it alone and retain all of their discoveries for us.

Way too many unknowns to draw any conclusion. Sure on the surface it looks like armaggeddon, and there will be a whole slew of posters showing up to tell us just that, but without more detail we can't tell if this is a signal of desperation or a sign of confidence and strength.

The future of ERHC Energy has never look brighter.

-- Peter Ntephe