ERHC Energy Inc (ERHE)

[kaydee]

Life for a US registered company can be made very difficult and costly by these hearings and court actions (should any result).

Lets consider that the real issue behind all of this is that Big Oil is royally ticked off with ERHE. Lets also consider that they want to GET EVEN and have great access to the House, the Senate, the White House, DOJ, and whatever other branch of government is required.

Now lets consider that they really want to put ERHE through the wringer and eventually bankcrupt it. What nice way to get the search warrants going, as they did, then these hearings and really trying to drag all of this into the courts. It is conceivable, with the right court location (Texas?) and jury ERHE will get convicted with some huge fines to be paid and huge court costs.

There goes any money the company has and in the end the courts could seize the rights to the JDZ. Isn't that what Big Oil really wants?

That is the real risk. And to think it is not possible, just look at the recent court case against Conrad Black in Chicago. The objective is to bankcrupt him and to make him look like a fool. He has many faults, he may even be guilty of wrongful actions (just like ERHE could be made to look).

I am long in ERHE and hope Offor will soon make the right legal moves. One of them should be to distance ERHE from US government agencies and legislators.