ERHC Energy Inc (ERHE)

[balance_builder]

Middle East content growing alongside Total???


"ERHC Energy Dubai Symposium, October 27, 2008

On October 27, 2008, ERHC Energy Vice President Corporate Develoment, David Bovell, presented an overview of ERHC's history, its current operations and vision for future growth at the 2008 Global Investment Symposium at the Burj Al Arab Hotel in Dubai."
http://www.erhc.com/presentations/



"Sao Tome, March 26 (Lusa) - Sao Tome and Principe is negotiating a major infrastructure program that could be worth up to $5 billion with a group of Dubai businesses, Prime Minister Rafael Branco confirmed Friday."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48280643



"PARIS, March 25 (Reuters) - Total and Qatar have agreed to invest jointly in energy projects in Africa, the French oil major and the Gulf country said on Thursday......

'This is ... a partnership which consists in deciding to invest together (with Qatar Petroleum International) without specifying ahead which project in Africa,' de Margerie said, adding Qatar's move reflected its aim to diversify and boost their presence also for political reasons."
http://www.xe.com/news/2010/03/25/1039161.htm?utm_source=RSS&utm_medium=TL&utm_content=NOGEO&utm_campaign=News_RSS_Art1



"Leslie Blair. Mr. Leslie Blair has over 35 years of upstream oil and gas industry experience principally in Asia and West Africa. From 1998 he was with the Addax Petroleum Corporation where he held several senior management positions including Managing Director, Middle East (based in Dubai),General Manager, Taq Taq Operating Company (based in Kurdistan, Iraq), and Executive Director Business Development (based in Nigeria)."
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001140361%2D10%2D011427%2Etxt&FilePath=%5C2010%5C03%5C11%5C&CoName=ERHC+ENERGY+INC&FormType=DEF+14A&RcvdDate=3%2F11%2F2010&pdf=



FTC...great post and I especially concur with this dot from your post:

"8. Mr. Blair will be appointed CEO at the first board meeting after the annual meeting."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48330865


HP's post (link above) as it relates to a Dubai group investing $5 Billion into STP infrastructure is huge. I agree with the growing number of investors here believing we not only have a commercial discovery.....but a "significant commercial discovery"

Here's why. One of my past contacts.....who probably reviewed the 2D seismic for our interests as much or more than Jeffrey Schrull and team reviewed the 3D seismic....told me several years ago that he believed JDZ blocks 1 thru 4 contained six (6) to eight (8) billion barrels of hydrocarbons "as a middle of the road estimate".

This same geologist believed in ERHC in a big way......and at one time was going to be the leader of STPetro.

This is one of the primary reasons (there ARE others) I like these assets and believe our future is extremely bright here.



BTW, Qatar Petroleum is no slouch (see excerpt below as it relates to QP's size) in the Oil industry should they become involved in the JDZ alongside Total and Sinopec:

"Currently it is the third largest oil company in the world by oil and gas reserves."
http://en.wikipedia.org/wiki/Qatar_Petroleum


I still read the flip being in play here. Sinopec has ALWAYS needed a "capable team" to enter the scene for the purpose of developing. How does the capable team enter the fray???? ERHC add nuttin in this respect.....no money, no experience, no capability.

A consortium of this magnitude (Sinopec/Total/Qatar Petroleum) would be able to handle both the JDZ and STP interests....suggesting ERHC's days "could be" limited. I wonder if a consortium like this would be able to meet SEO's price tag? I'm thinking YES....and I'm reading bayfisheries posts with interest. BTW, Total pays some pretty decent dividends!


I also think this was an exceptional post:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48311655


Again, we sit at the "when" cross roads with this investment. A friend of mine had to sell a large portion of his shares last week. He was a "holder" of 5 years but business conditions REQUIRED him to sell. It Pizzes me off because I believe Peter Ntephe KNOWS what was found....as do our BOD (party/meeting at NOG last month) and this does, in fact, create a material event.....yet they hide behind it being the operator/JDA duty to announce first. For heavens sake....who brought these operators to the dance floor??? Why would our managment AGREE to such a "non friendly to shareholders" agreement????



I still like the assets.....they are, IMHO, huge. I can't wait to see an updated NSAI based on drilling results.


I would be surprised if STP heads to Houston to exploit their EEZ round without being armed with JDZ results. Maybe ERHC will have an even larger surprise for shareholders when drilling results are finally unveiled. I wouldn't discount that as a possibility....


My fear right now rides on the possibility of this being a WB gameplan after learning of the recent middle east potential involvement. I don't think it will be.....but I haven't dismissed that thought altogether. Hopefully we see no announced deal prior to drilling results.......as I believe this announcement alone (drilling results) will take us beyond any lowball sideswipe type deals.


If the boys like what we have (no doubt to me in terms of JDZ) and they want a bigger foothold in West Africa (QP) they may meet SEO's pricetag for the entire cabootle. That's my desire.


Those believing the AIM has less reporting requirements than the OTC/BB are correct IMHO. Not a good thing for this already shareholder nonfriendly managment. Scary, in fact!

STP's EEZ Roadshow begins on April 11'th. Our shareholder meeting is April 27'th. Somebody posted that Texas doesn't have enough Rangers to provide adequate security for ERHC managment if they don't produce something between now and then. That was hilarious......and shows how irritated a portion of their shareholders have become.


I also wanted to point out this post (link below) as it is very sound IMHO:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48266445


It is my opinion if that if SEO wanted an energy investment vehicle....he'd put one together where he owned greater than 42% and it would not be US based (probably AIM). Bema Gold2 comes to mind (thanks Kayakbob).....and maybe Strand Hanson will eventually deliver this move (it won't be their first deal of this nature). You gotsta love ERHC's question of "WHEN" on this Q $ A from ERHC's website:


"Q. Is ERHC going to acquire additional revenue producing properties? If so, when?

We must balance our portfolio of assets to mitigate the risks of having all our corporate interests in one area. Therefore, we intend to acquire a controlling interest of a company that has revenue producing assets or we will form a subsidiary to purchase revenue producing assets directly."
http://www.erhc.com/faq/


Last comment all IMHO: Watch how these drill results spring us into a new sp catagory altogether. Many will be surprised (pleasantly) and will THEN understand why there are a few here that are disgruntled with this co's failure to take care of their shareholders in a timely manner. Again, my hope is for even greater news than that of drilling results....at the same time or followed by a few days. Bring it on.....