ERHC Energy Inc (ERHE)

[kobiashi2000]

You have to take into consideration that we're getting free carries that amount to probably somwhere in the ballpark of 500-700 million per block, if not more. Its not bad news, its a different deal, if we were just selling out we probably would have sold those percentages for a much higher valuation. Its not a fair comparison. Plus, percentages are always worth more in proven acreage, our acreage is about to be proven, but its not proven officially yet. Plus, the market isn't yet valuing the price of the full carries in each block into ERHC's share price yet.