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Re: rancho post# 1877

Saturday, 04/30/2005 10:52:41 AM

Saturday, April 30, 2005 10:52:41 AM

Post# of 367194
Rancho.....I would say, YES, it most certainly is possible for ERHC to become a piece of a subsidiary for one or more other oil co's. I've mentioned on the board that PXD's subsidiary has reported that it WILL eventually have a minority partner. No name of who said partner might be.....but because ERHC brought PXD to the region, I feel comfortable "speculating" that it could be our minnow. Kind of like a JV deal???? Maybe similar deals?????

Rancho....I appreciate your investigative ability as well as your writing ability. You come up with some clear thoughts and are able to express them well.

P.S. Remember, PXD reported they were drilling back in February in an unnamed block with an unnamed partner with no govermental approval. Secretivness is intriguing and difficult to understand for me.
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