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Re: Krombacher post# 115982

Thursday, 01/17/2008 11:14:10 PM

Thursday, January 17, 2008 11:14:10 PM

Post# of 361600
Yes Krom, your post about oil companies being fined for bribery would be significant IF it was POSSIBLE and NECESSARY for ERHE to bribe officials. ERHE had NO money to bribe anyone, and NO need to bribe anyone because they already had all the influence they needed and prior contracts that were unbelievably in their favor. ERHE was an "insider" and had a big advantage over the "outside" big oil companies. The officials making the decisions were on the same channel and the same "color". No need for bribes. I am not be any means the expert on this subject, but those here for many years have indicated this was the case. ERHE had no cash and was living on borrowed money. Other oil companies were awash in cash and could easily "hide" bribe money. Not the case with ERHE. Most here ignored your post because most here know ERHE did not bribe anyone.

Ps: I hope you had a chance to listen to the cc, our Atty Madigan indicated that the government had no real evidence against the company.


The $64,000 question is: Will there be a Rig of Oportunity or do we have to wait for the AA begin drilling On Oct 1, 2009?