ERHC Energy Inc (ERHE)

[Krombacher]

Dude.
Seriously.

There was likely a deal with Total as evidence by the 400 pages containing the assignment deal. But Total discovered that block 1 and 2 of the EEZ are similar to the JDZ, and block 4 is more similar in geology to block 5 and 6.

Hence, Total, who is clearly more interested in Block 1 and 2 geology prefers to grab ERHC for its JDZ assets and decided not to win any bidding war with Shell on Block 4. So Shell likely won the bidding war, if Total threw in the towel.

That's why it's imperative that longs not sell on any SHELL deal with ERHC on Block 4 until they've also leaned about the total deal in the JDZ worth 80 cents a share versus only 20 cents for block 4.

That's why I encourage the management of ERHC NOT to 8k the Shell news right away and to announce both news items simultaneously as soon as the Total deal is completed.

With no threat of stock certificate revocation, they have nothing to lose really.

Let's screw the shorts!!

Krombacher