ERHC Energy Inc (ERHE)

[ERHClongtimer]

Southern Man, you need to re-read Peter's "value proposition" presentation.



The idea is to discover and book reserves, add value, and sell... before production... even before development.

So a pipeline being in place is not even relevant to ERHC; if an oil field is found, they will sell out to the highest bidder, either the company as a whole or the assets.

The fact that a pipeline will be built is relevant, because it makes any resources found that much more valuable, due to the eventual marketability made possible by the pipeline.

Besides, even if they found oil today, it would take 2-4 years, maybe more, to develop the oil field.