ERHC Energy Inc (ERHE)

[rtinvestr]

Wow

Reading the board for clues to the runup today would make someone think that Total had paid some huge way over the top number for CVX's share of block 1.

Has this happened?

Has Total announced their interest or participation in ongoing negotiations?

Or was this speculation in some article based on a "source" for who knows what reasons?

And if CVX doesn't think they can develop Block 1 profitably and they choose to not go forward with Phase 2, wouldn't the block then be put up for sale by CVX or go on auction at a very reduced number?

Timing seems strange for an over the top type of offer. Timing for all these rumors seems really good if someone wanted to get off some serious shares before a Phase 2 walk. Didn't someone post that over 1/2 of ERHE's shares were Nigerian owned? I don't suppose they could start rumors and give tips to hungry writers for their own designs, could they?

If these aren't possibilities or even good possibilities I'd like to hear why in a reasonable and mature manner.

BTW, for those of you rushing to your keyboard to spew a bunch of nasty "basher" stuff in my direction... I'll just consider that a vote for the worst. I've got a feeling others would too. But don't let that stop you.