ERHC Energy Inc (ERHE)

[oldoil]

Using YOUR example of Totals 10% dividend and buyout at the end on block 4........

Lets assume ERHC management is holding 50% of the outstanding shares,
At 10% they collectively bank 15 million $$.

Now Total drills block 4......and their drilling hits Zero crude.....They own block 4 and say they
cap and abandon.

What will ERHC's Management do with $15 million dollars?......Not much in the oil patch!!

I continue to believe the sale SHOULD be at least $500 million upfront.. PLUS a percentage of any
commercial find.

Remember our Kenya Block 11A. Our carry was 35% of commercial oil found....I'm of the belief
that our block 4 is much more attractive (prior to drill) than Kenya's block 11A....

AND you say ????