ERHC Energy Inc (ERHE)

[Strategyone]

pinecat,

It is all in how you read it.

The 15% is not available in the first 5 blocks reserved period. STP reserved the FULL 100% of the first three blocks. They have given 2 of the reserved 100% blocks to EEL (think - nothing left here). They have retained 1 100% block (again nothing left if they give that 100% reserved block to a company in exchange for something.....). Then 2 more 100% blocks go to ERHE.

Now after these 5 100% reserved blocks are pre-selected, ERHE then has their choice of 15% in any block, paying it's proportionate share of signature bonus........

Here's where the simplicity is a dead give-a-way. If STP reserved the first 5 100% blocks - Gave two blocks to EEL, two blocks to ERHE and just for argument sake, the last 100% reserved block to Chevron (I know,,,, not likely), THERE ARE NO SIGNATURE BONUS's being paid on the 5 blocks so how could ERHE pay their proportionate share?????????

It really is as simple as ERHE gets 15% on two blocks of their choice, of the blocks that go out to bid. That is the only way a signature bonus occurs.