ERHC Energy Inc (ERHE)

[Krombacher]

lol, I disagree with your entire post.

1) I certainly didn't expect that they would go for another year. Negotiating for so many months? What the heck were they negotiating about that ended up in a 1 year extension? I figured if they were negotiating that long, it had to do with the JDA having said no extension, and then negotiating the terms to that.

So I wasn't expecting a 1 year extension.

2) You say that if 1 and 2 look good first qtr 2012...eh, 1 might but Block 2 looking good in the first qtr 2012? Ha! Do you realize that March 2012 is the last month in in the first qtr of 2012? Maybe you meant that 2 would look good *after* they drill and analyze the results, which is probably more likely after the extension and around 4th qtr 2012.

3) Your "doable" situation is if Total is in play, and we have no idea if they are.

4) AGM would be necessary if they finally do sign a PSC for the EEZ, although, I doubt it will happen by then.

New battle cry - NOT 2012. Much later, and *if* ERHC has money to go until then...

Krombacher - the above may be wrong.