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Re: midtieroil post# 244047

Sunday, 07/24/2011 11:25:13 PM

Sunday, July 24, 2011 11:25:13 PM

Post# of 367109
Don't think you're right on that one, ERHC didn't fail to disclose a material definitive agreement, ERHC did disclose the material definitive agreement when it announced that it had signed a PSC with the Republic of Chad. There is no specific requirement under 8k disclosure that ERHC has to disclose its rights or obligations under a material definitive agreement, if those rights or obligations are material, then all that is necessary is a brief summary. Whether ERHC's rights or obligations under the PSC to Chad are material, that's subjective, and at this point in time ERHC's legal counsel has opined that it is not. What is bizarre is to continue to accuse ERHC of breaking securities laws when it has not.

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