ERHC Energy Inc (ERHE)

[Strategyone]

Mongo, you are like the little kid who was sent to their room for behaving badly and they keep coming back out and asking why.

It is only convoluted in YOUR own mind because you refuse to accept the BLACK & WHITE facts.

In Block 4, ERHE owns 25% bonus free. They can negotiate only with that 25%. They will be getting 17.7% with a free ride in the end. The "consortium" was awarded an additional 35%, which we all know, ERHE is in name only. ERHE will never get any profits from that 35% nor will they pay any of the expense of that 35%. It has 0 dollar value as it stands for ERHE. The 35% Consortium piece plus the 25% ERHE piece together provides controlling interest or Operatorship for ERHE and the consortium.

The 9% that you (and only you) don't understand is out of the 35% originally awarded to the consortium of ERHE/Noble.

Just like Meridian said but now in my words: the 9% going to Godsonic is from the 35% piece awarded to ERHE/Noble consortium. Since that 9% would never provide ERHE any revenue nor create any expenses to them, it has 0$ (yes, add that up one more time Mongo.....zero) value on its own. Since the reduction of 9% from the consortium still leaves the 25% + 26% (35 - 9) or 51%, the consortium still retains controlling interest.

Therefore, no 8K is needed as no material change took place.

Now, Mongo, go back to your room. You are still bad for hitting your little brother. You will always be bad for hitting your little brother no matter how you ask the question or interpret our answer. You now have all weekend to think about hitting your little brother and if you still don't understand it on Monday, we will send you to your room again.

Have a great weekend all,

Strategyone