ERHC Energy Inc (ERHE)

[Krombacher]

According to xrimlinger.com, the adjacent block 3 is equivalent to 20 cents a share of ERHC. According to Kosmos litigation block 4 it's worth 17 cents a share.

That's before oil prices rose and before we discovered that block 4 has "source oil" from which flows the oil into the other blocks.

You're probably looking at north of 20 cents just for that block from Shell. They can EASILY do a dividend of a penny or two from 20 cents and that alone could result in a short squeeze into the dollars.

But the real money is the JDZ, which Oranto equivalently values at 80 cents a share for its 100% block in the JDZ which is equivalent to five 20% blocks that ERHC has.

I think Shell will buy block 4 and Total will buy the JDZ properties. That's why I prefer there to be one announcement for both Shell and Total simultaneously to achieve maximum damage to the short sellers.

Nothing delusional in the above assumptions and facts.

Krombacher