ERHC Energy Inc (ERHE)

[Art2004]

Balance, recall Fishdog's post too, that the white board could have been constructed during a period that ERHC was definitely looking to acquire a revenue producing oil property.

Here too, the options would be either a cash deal or a stock swap(portfolio exchange)

If there was a purchase of an oil producing company with public shares than an infusion of cash from Brenner or BRS would allow ERHC to purchase the public percentage of the oil property and form a new entity that could be listed on the TSX.

There were hints of active negotiations along those lines a few months ago but the price to acquire was just too high.

I like the bold red letters that do come out of the ERHC circle at the top of the board represnting major stock exchanges. Here it appears that AFTER drilling, ERHC could see itself or an Addax-ERHC combination being eligible for listing on the NYSE, London and Toronto stock exchanges.

Addax is listed on London and Toronto now so adding the NYSE woud be one more exchange based on future "company making" oil explorations in the JDZ and Kurdistan, Iraq.

But it's nice to see the different stock exhanges in red come out of the ERHC circle.

IMHO, the ERHC officers see themselves sitting in the Houston offices for a long period of time..

In any event, good luck to all and HAPPY EASTER.