ERHC Energy Inc (ERHE)

[farrell90]

If a consortium or new company is to be formed in the JDZ, ERHE may be offered a variety of assets in exchange for part of its JDZ interests. Mr Ledbetter and Mr Bovell will be responsible to sort through the offers and make recommendations to the ERHE BOD. Stock and cash may be part of the offers. The fact they mentioned N America, Africa ,and Europe up to the borders of Russia means to me oil producing properties are being reviewed and valued.

The interview with Mr Bovell outlines his plans. One of the items missing in the review is the capital outlay needed to fund the new subsidiary. He hints the company will be able to borrow money after its listing on the AIM. Perhaps some of the ERHE contribution to the new subsidiary will be assets [as mentioned above] spun off as a part of the negotiations that are ongoing . Our JDZ partners may also be partners in the new subsidiary.

At this point it is all speculation on our part , but something is cooking and the temperature is going up.Good luck Farrell