ERHC Energy Inc (ERHE)

[emptynester1]

It's obvious what will happen to me.

We have a commercial quantity field/ fields of oil in the JDZ.
There is a lot of political posturing, investment positioning, etc going on right now and will continue through the EEZ bidding. There will be very little info until the rounds get started 1st quarter. IMO SNP is going to try very hard to get into the EEZ blocks through individually bidding on them or teaming up with a Nigerian based oil company. I think that right now there will be negotiations with ERHE and SNP to partner up with us to get a peice of our 2 100% blocks. The thing with this is what blocks are we guarranteed to get, our choice, or the 2 crappiest ones. That is the $64,000 question...which ones will we be awarded... If they are prime, we are prime, if they are not we are in a little trouble cash wize. That is why they made to other shallow deal that can be brought into production quicker that JDZ, they must make a deal soon to keep the cash flow up, either getting in bed quick with SNP for EEZ, selling some more % off the JDZ blocks(can't if blk5 and 6 are lost) or make small deals with existing fields to get $$$ flow started.. Any direction takes time, we don't have $$$ to wait and see to much longer... Something will happen within the next three months..