ERHC Energy Inc (ERHE)

[balance_builder]

My favorite quotes:

Peter Ntephe:
"And while we’re in a business, and we wouldn’t rule out any arrangements at the right price that would deliver optimal shareholder value, we are looking to long term growth. That’s really our strategy at the moment. We are looking at long term growth. We are looking at a time when ERHC will yet be a bigger company then it is now. That’s what we are looking at, subject of course to, this is a business."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44169786


Kinross Gold:
"Kinross Gold Corporation ("Kinross") (TSX: K)(NYSE: KGC) and Bema Gold Corporation ("Bema") (TSX: BGO)(NYSE: BGO)(AIM: BAU) announced today that they have signed the definitive Arrangement Agreement (the "Arrangement Agreement") and certain related agreements in connection with Kinross' acquisition of Bema."
http://findarticles.com/p/articles/mi_pwwi/is_200612/ai_n17071581/


David Bovell:
"is probably not selling this side of $10"
http://www.erhc.com/en/rel/148/ (during presentation)


Notification via amended 10K pg 67:
"As of September 30, 2009, Company has entered into four employment or other agreements that include a change of control severance provisions with an executive officer, including the named executive officers. The Company’s employment agreements with provide that certain officers are eligible for payments upon any termination without cause prior to expiration of the contract as described below under Employment Contracts."
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001140361%2D10%2D003013%2Etxt&FilePath=%5C2010%5C01%5C28%5C&CoName=ERHC+ENERGY+INC&FormType=10%2DK%2FA&RcvdDate=1%2F28%2F2010&pdf=


Peter Ntephe:
"The information from these wells is helping the exploration team understand the geology and hydrocarbon potential of the various prospects being drilled. Perhaps more importantly, it is helping us to understand the prospectivity of the entire area."
http://www.erhc.com/en/rel/214/


Peter Ntephe:
"As we understand it arrangements are being finalized and we expect that a very highly specialized technical team, under the leadership of our Vice President Technical, Dan Gralla, will visit that data room within the coming weeks, and we'll be able to assess the blocks that we would like to make our preferential picks over, and of course, at that time we shall as usual, inform our shareholders appropriately that this is what ERHC intends to do, and this is the direction in which we are going."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44469536


Whilst our management team is busy turning the non-binding MOU's into something a bit more concrete.....SEO has likely been busy trying to create "optimal shareholder value". While the Chinese couldn't make his ERHC stated sell price pre-drilling, I doubt his negotiations for same have subsided. In fact, the recent amended filing negating the proxy and adding severence pay to our officers (just prior to their contracts ending) add spice to potential closure.

Of course, it'll all come to the big surprise (yeah right!) of our managment thru SEO to our BOD. Whew....good thing the MOU's were NON-binding.


How much would you bet that the "very highly specialized team" that assisted Dan Gralla in picking out our EEZ blocks will be linked to our end game. Shhhhhhh....I think I hear the fat lady??


Disclosure: This line doesn't fit very well.....yet.....outside of hiring Strand Hanson (who also specializes in M $ A), a lot of management wind and two Non Binding MOU's is all we have thus far toward growth, right?


"As the lengthy process of analyzing drilling results continues, we are aggressively executing the Company's business strategy."
http://www.erhc.com/en/rel/224/


Kayakbob223.....what do you think of this recent transaction completed through Strand Hanson a few months ago:



Sibir Energy Plc

Tender Offer by Gazpromneft followed by
negotiation of the terms of a recommended offer
for minority stakeholders £327 million + £126.4 million

"In May 2009, having previously given advice to Sibir Energy plc
(“Sibir” or the “Company”) in relation to a Tender Offer by
Gazpromneft valued at £327 million,Strand Hanson advised the
Board of Directors of Sibir on the recommended cash offer by
Gazpromneft to acquire minority shareholdings in the Company for a total consideration of £126.4 million. The offer valued Sibir’s entire issued share capital at £1.9 billion, making it the largest company listed on AIM by market capitalisation.

Strand Hanson was engaged as financial advisor to the Board of
Sibir, and the mandate included detailed valuation analysis,
advice to the Independent Board of the Company and
negotiation with Gazpromneft and its advisors.
Strand Hanson continues to act as financial advisor to Sibir,
which has subsequently de-listed from AIM and is now managed
from Moscow."
http://www.strandhanson.co.uk/pdfs/Strand-Hanson-October-2009.pdf



BRING IT ON!!!!!