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Thursday, March 16, 2006 12:22:17 PM
hired in short order to "get the story out". I expect the CEO to attend Oil/NG conferences
and pound his fist screaming what a great investment opportunity ERHE.
When you think about it, what else does he have to do? Addax and Sinopec are doing the drilling!
The deal the ERHE struck here is incomprehensible...
You guys do the drilling.
You guys pay for the drilling.
You guys pay for the pumping.
You guys write a check every month for our chunk of that oil.
Make no mistake. ERHE is nothing more than a shell to appease the JDA. They wanted to divide the JDZ to multinational corps, and ERHE "represents" a U.S. entity. Emeka Offer and Chrome Energy own 310M shares of ERHE. Ever dollar ERHE rises is another $310M to Chrome (read Nigeria).
ERHE exists only as a mechanism to give Nigeria a bigger cut of the JDZ. The two country's agreed to a 60/40 split in Nigeria's favor. Enter Emeka Offer of Chrome Energy and its spawned minnow
ERHC Energy... a U.S. listed company that meets JDA requirements. Fifty cents of every dollar ERHE makes goes right back to Nigeria via Chrome's 310M share stake in ERHE.
These guys are playing hard ball folks, and the bigger ERHE gets the more Nigeria gets. My gut really and truely tells me this stock is going to make TASR and GOOG look minor. It won't be as
fast, but 3 years from now people are just going to look back and say "wow".
ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.
Nuf said.
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