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Re: Pepsiman2001 post# 127610

Monday, 05/05/2008 8:52:53 PM

Monday, May 05, 2008 8:52:53 PM

Post# of 361666
Pepsiman, how do you set a price? How much oil does ERHE have...

100M barrels?
500M barrels?
5 Billion barrels?

There is NO PRICE that a deal could be made at which would not result in shareholder lawsuits on both sides. ERHE shareholders would suit to block a low bid and the buyers shareholders would suit to block a high offer... all with the SAME TRANSACTION.

There is no negotiable price that either side will ever accept until after drilling.

ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.

Nuf said.