ERHC Energy Inc (ERHE)

[david02835]

Maestro, I'll bet you are exactly right, they didn't have enough to ante-up for the next hand at the poker game. What Snow doesn't seem to understand is that these fees being paid for the rights on unproven resources have nothing to do with the eventual value of those resources or the value of the stock in the companies that are paying for the rights. Proven resources will determine the future value of ERHE's rights. I gave Snow the example of CWPC paying under $1 million for lease rights to explore hundreds of thousands of acres in the oil sands region in Canada. Now that reserves are stating to be proven, the stock is worth billions. This is our hope for the future worth of ERHE.