ERHC Energy Inc (ERHE)

[stocks2rise]

If they did not know what to do next do you really think the JDA would allow them to stonewall them and cajole them into another year of "evaluating the drilling results" when all there is is Biogenic Gas? The simple answer is they got approval to wait on the drilling results from Total in Blk 1. The JDA wants this thing fast tracked and know they are being shanghaied. But the drilling information that they know is real must be pretty good otherwise they would have told the Chinese where to put their "biogenic gas" statement and made them give up the block and move on to the next suitor. The fact that the Chinese were willing to move to phase II but not give up drilling results proves there is more there than they have let on. The fact they are not letting got of supposedly worthless blocks proves they are not worthless at all. The simple fact is this management has been hog tied, gagged, and had their yahonies cut off as a result of the PSC they signed. We have gotten nothing but lawyer speak ever since the Chinese took out Addax. Lets just hope management comes up with some very good answers to how they are getting Chad blocks, do we own 50% of a producing well etc.