ERHC Energy Inc (ERHE)

[Stay the Course]

Data room & buyout: Any one notice how there has always been plenty of talk about a buyout but never any talk of a data room?

Typical practice with public companies in the oil and gas business these days is to open a data room where potential buyers can assess if and what to bid on assets to be sold: protects shareholders in objectively making a market and protects management, showing they are open to best terms, reduces potential for SEC and DOJ criticism for following only the interests of a major stockholder and truly ensuring best available terms and protection for minority stockholders.

It is strange to me that after all the DOJ and SEC attention in the past that ERHE does not take this step.

The fundamental reason for ERHC was to monetize these excellent rights. Now we are ready.

In a few months there will be enough information available to make a divestiture of Block 2-4 assets and operation of a data room workable.

Can anyone explain? Dan? Peter Ntephe?