ERHC Energy Inc (ERHE)

[condor1]

What many fail to realize or understand, or refuse to address is the associated facts that when one understands the burn rate of $1.1 million per quarter until March 2016 is $4.4 million, which is only until the beginning of drilling. Another $1.1 is required for the completion of drilling. Then one needs to include the participatory costs to ERHE for drilling in Kenya.

That equates to roughly $7 million that is necessary through that period of time.

And where will ERHE get that money?

A very few are convinced that a farm in will occur, be it Kenya, Chad or EEZ.

But wait... how much money will a farm in generate? GOOD QUESTION, right?

Well, using Cepsa as a realistic example, thay would amount to about $2 million, not much more, and NOT NEARLY ENOUGH to offset the burn rate and the ERHE drilling costs. Am I right or wrong?

So, with that in mind, where is ERHE going to gather $7 million bucks, even $6 million, if some minor cost cutting is implemented?

Answer, More CD funding, but from whom? Offor?

Well, if ERHE goes to Offor, he will take all the shares and run to ERHE assets, eliminating the rest of us. No?? Why is that?

In other words, it doesn't really matter if it is CDs, of Offor CDs, or R/S, or increase in O/S.

We, the common shareholder will ,almost certainly be wiped out.

You disagree? How? Please, if you respond, use actual numbers, specificity, not open ended statements with no numerical calculations.

I llok forward to the logical and supportable disagreement(s).