ERHC Energy Inc (ERHE)

[oilman57]

Mongo, do you mind if I respond as well?

First I would say that by the tone of this question, you are admitting that ERHE will win block awards. So thank you for finally acknowledging that. You are a little behind the curve but congratulations are in order. What took you so long to figure it out?

When will production actually come online? That is a loaded question. A more relevant question would be when will the first exploration wells be drilled. After all, you know as well as I do that initially reserves will drive share price. Not actual production. When Chevron starts drilling in block 1 and hits some big targets the stocks of all the companies involved in the JDZ will appreciate in value. I would expect that to take place this year.

What is your best guess at the capital expenditure that will be required? Oh so that is your next mode of attack. I see. Apparently you think that a companies assets are worthless? Is that correct Mongo? So if company A has percentage rights in acreage worth billions of barrels of oil according to you it is worth the same as company B who owns no rights to any properties because neither company has producing properties yet.

That is a ridiculous asserion on your part. ERHE's assets will be very valuable once they are actually awarded and that will give them the necessary leverage to negotiate and reduce there actual expenditures. They could do this a number of ways. Will some dilution be necessary? Of course. But the majority will not come from dilution. The percentages they hold in the Gulf of Guinea will give them incrdible leverage to barter.

Now let me ask you a question.

WHAT IS YOUR PURPOSE HERE?

TIA and have a good day.