ERHC Energy Inc (ERHE)

[Lugheads1957]

One of the definitions of revenue at Dictionary.com is "the return or yield from any kind of property, patent, service, etc.; income". So I will give my intended meaning of the use of the words revenue stream. I meant that we need to have a recurring and self sustaining form of income. My opinion is that the selling of an asset, if only for income purposes, should be an asset we don't intend to exploit as part of the long term growth of oil production. In other words, if we are going to deal the EEZ rights to the 100% blocks with another company like we did the JDZ blocks 2-4, then I wouldn't consider it as setting up a revenue stream ( or the probably better definition laid out above of recurring income), but rather an infusion of cash (since it would be a one-time income event).

I would prefer to see us sell the other JDZ rights of the currently unexplored blocks like Stocks2rise mentioned earlier, or the two 25% blocks in the EEZ for one time cash if the company chooses to do a sale. I would prefer to use the 100% blocks similarly to what was done in the JDZ for blocks 2-4, retaining a large percentage, gaining some cash, and getting free carries.

If we don't have enough cash now to create a recurring income event, then I would prefer we not borrow money, sell stock or setup sweetheart deals with anyone for that needed cash unless we know for certain we cannot or will not be able to survive without it.

Again, I would hope DRSTP has gotten its house in order and we can actually see blocks dealt with in the near term (6 months) and then we can get onto the business of partnering up for free carries and some cash, allowing us the opportunity to setup a recurring income stream. I think, if I have been reading correctly, that many of the articles posted by Homeport have been indicating that as a possiblilty - that DRSTP may actually be getting close to dealing with their EEZ in the very near future. I would like that the best.

My opinion.